All Forum Posts by: Dilan Pradhan
Dilan Pradhan has started 2 posts and replied 14 times.
Post: Changing agents, Need Help!
- Newark, CA
- Posts 15
- Votes 4
I signed off on a contract with an agent in November that ends in April 2017, however, I found someone else who is more professional/full time and is very helpful. The previous agent is saying that I am breaching the contract and the new agent is violating the State law. Any suggestions?
Originally posted by @Tom Beckett:
Hi @Dilan Pradhan,
I lived in that area for years. Feel free to PM me and we can discuss options.
Thanks Tom. Just sent you a PM.
I am looking for a duplex tri or fourplex too within 20 to 30 miles radius Lehi, Thanksgiving point. Basically house hacking for me. Anyone active on this forum know this area? Thanks in advance.
Post: San Jose Meetup - Friday 9/9/16
- Newark, CA
- Posts 15
- Votes 4
Originally posted by @Johnson H.:
Hi All,
It's another month and time for another real estate meetup! These meetups have had 30-65 BiggerPockets and Meetup.com members chatting about investing in the San Jose area and also out of state. We welcome anyone who would like to attend!
When: Friday, September 9, 2016, 7:00pm (usually I'm around at 6!)
Where: Now we are at Parktown Pizza Company! Find us in the back room.
1350 S Park Victoria Dr
Milpitas, CA 95035
http://www.yelp.com/biz/parktown-pizza-company-milpitas?sort_by=date_desc
Please support the small business by spending some money and tipping for the great service we receive every month! (I don't pay for the space nor do I receive anything from the restaurant)
Introductions will at 7:15pm and its free networking afterwards until 10pm.
Looking forward to meeting new investors and seeing familiar faces.
Regards,
Johnson
http://www.meetup.com/SF-Bay-Area-Real-Estate-Investing-Club/
Keywords:
South Bay , South Bay Meetup , Bay Area , Meetup , Meet up , Meet-up , San Francisco , Oakland , Berkeley , Alameda County , Contra Costa County , Solano County , Richmond , Hercules , Concord , Albany , Pittsburgh , Marin San Rafael , South Bay , Peninsula , Walnut Creek , Pittsburgh , Antioch , Pleasanton , Fremont , Castro Valley, San Jose, Milpitas, Sunnyvale, Fremont, Palo Alto, Santa Clara, Mountain View, Gilroy, Santa Cruz
Hi, Are this meetups for very new and not an investor yet kind of newbies as well? Do i need to rsvp? Thanks in advance.
-Dilan
Post: I know I should start now but where is the question
- Newark, CA
- Posts 15
- Votes 4
Hi @Ali Boone,
Thanks! I got preapproval yesterday and was excited to search prop around my area but math says it is not a good market for me :(. I have a friend in TX who wants to start with partnership but we have not finalize so far. I really want to keep it close for the first investment but lets see what market has for me.
I am looking for a 2 bd or 3 bd to start with. A condo, town house or anything. I see you live in CA, do you let property managements handle your investments? how is your experience so far?
Post: I know I should start now but where is the question
- Newark, CA
- Posts 15
- Votes 4
Originally posted by @Ali Boone:
You'll have a hard time in any of those states for cash flow, except TX. But even the returns there are minimal compared to some other markets right now. And inventory is low.
My faves right now are Chicago, Indy, and KC. Even Philly has good stuff.
Any property type or location preferences specifically?
Post: I know I should start now but where is the question
- Newark, CA
- Posts 15
- Votes 4
Originally posted by @Zen Ouano:
Thanks @Dilan Pradhan. Haha I am a nice person :) Although I dont know Id qualify to be a mentor as I am newish to RE myself, but of course I can share whatever lessons we've learned as we've stumbled through quite a bit of road blocks with the Dallas prop here.
And no, we only have 1SFR rental there in RC, our tenant arranges and pays for the all repairs herself (she lets us know tho). We lucked out, but also at $5k/mo her rent is less than market, so she lucked out with us also. One 4plex is in Salinas and other 4plex is in Lancaster. They are both managed by PMs for 3 years now and both PMs are very good.
I agree that Ca is a tough market to cash flow now. And you may have to take a bigger risk and go out of state to have a higher cash flow. Or you can look into other areas of Ca that could potentially have more room to appreciate, easier to manage with a full time job, but sacrifice with smaller cash flow. It might depend how many years to retirement you have, your long term goals, and how much risk you can sleep with at night.
Thanks Zen, I would like to connect with you. Please accept my connection request.
Post: I know I should start now but where is the question
- Newark, CA
- Posts 15
- Votes 4
Zen, you mentioned you have few rentals here in Redwood city. I am wondering if you would like to share more experience and your wisdom similar to what you have already shared for free for my service that I can offer. Basically asking you to be my mentors and I can offer to look after your rental prop here. This way I will know rental properties first hands. Like you were saying all the problems with tenants etc. I am a home owner for about 3 yrs and have done various diys and repairs myself which qualifies me as a handyman. Things I have done myself such as garage door, water heater, front lawn replacement. I can be your property manager so that I can see the market first hand, and you keep giving me your guidance. You seem to be a very nice person, and i have lots of respect for a nurse because my sister is a nurse too. PM me if interested.
Post: I know I should start now but where is the question
- Newark, CA
- Posts 15
- Votes 4
@ Zen Ouano
Thanks Zen, yes that is exactly my fear too. I have a potential partner there in Houston and we are talking everyday to start our first investment. I tried my best to start here in CA but given the market is so hot, I gave up. I think TX esp Houston area if our next target because my partner will be there. Do you have any investment in Houston?
thanks again for chiming in.
Post: I know I should start now but where is the question
- Newark, CA
- Posts 15
- Votes 4
Originally posted by @Dilan Pradhan:
Originally posted by @Kevin Wall:
Dilan-
First off welcome and congratulations on jumping into a great wealth building adventure!
Baltimore is the hottest market in the country right now, and one of the best kept secrets despite Realty Trac naming it the #1 SFR rental market in the country for 2016.
We boast small city property pricing with big city rental income, and comfortably meet the 1% rule with plenty of built in equity left over.
To boot, being an experienced Turnkey provider, we have a system in place that does all the heavy lifting for you.
Message me and I'd be happy to share example properties that show how a $75k property can earn 16%+ NOI.
Good luck to you and look forward to hearing your successes!
Thanks Kevin! Does turnkey mean a management team? 16% NOI includes management fees?
btw I got my answer.