All Forum Posts by: Daniel Sanchez

Hi @Daniel Sanchez, I created an excel spreadsheet that works out some of the initial math on my properties. I look at at CoC return as my main metric, basically I want to know how hard my money is working. I check the market everyday and it is only about 20 minutes to review. Let me know if you ever want to take a look at it.

Chris

Hi @Daniel Sanchez,

I am not sure what you mean by data even though you provided an example. I used very simple data to help me determine my out of state market. 

I went through all markets listed in the BP forums networking sections and narrowed it down to those that had $180K or less median home price on Zillow. Then I looked up Rentometer average rent for a 3 bed 1 bath for each general market. From that I calculated the price to rent ratio. I eliminated markets above 12 P/R. For the remainder I googled their property tax. I eliminated those above 2%. I googled the change in income from 2000 to 2017. I eliminated any that were below 20%. I googled change in home value from 2000 to 2020. I eliminated those lower than 40%. That left me with my markets to choose from. 

City-Data.com is a good place to find some of this info and other info. 

Hope that helps. 

Hey everyone,

I'm an active duty, military physician and have an upcoming move in JUN2022. I'm tired of paying rent and hope to house-hack and continue to invest in rentals in the future. I'm married, have 3 kids, and a dog and think we will need a 3 bed/1-2 bath to feel comfortable as our live-in unit. I do not have orders yet but we will likely be moving to an expensive area (ie. California, Hawaii). More than likely we will only be living at that location for 1-2 yrs max before moving but I plan to hold onto the property and continue to rent it out. We have excellent credit, no debt and approximately $25,000 to put towards a down-payment if necessary with additional reserves. I should be able to utilize physician as well as VA loans for a low down-payment. I've been doing a lot of research via books and podcasts and feel like it should be possible but the market seems difficult right now and a duplex in the San Diego area is hard to find under $800,000, which is a hard pill to swallow for our first house purchase. I recently listened to BP episode #560 and am currently thinking the rent-by-room strategy might be a good idea after we move out of a single family house if I'm unable to find a good deal on a duplex...   I don't feel comfortable renting out rooms with my kids in the same house.  My long term vision is to obtain a significant passive income from multi-family properties to allow me to cut back on hours (I love my job and don't want to quit!) and possibly work part-time so I can spend more time with family.  Any other ideas or strategies that I should consider?  Thoughts? 

Thanks for your help!

live in California and have rentals in California and Arizona. Looking to expand my portfolio to other states and am looking for ways to structure my corporation. ( i.e californial llc that owns llcs in different states )