All Forum Posts by: Jane Dang

Thanks Sandeep. Your input releases my worrisome. I only have two SFH rental in Hayward. The other one I contracted with housing section 8. They have guideline to follow so not much to worry. Again, thanks a lot and have a nice sunday night.

@Sandeep S Thanks a lot for your prompt input. I use the 60 days notice form from Hayward Housing Authority for notifying rent increase. Would that be enough? I saw a post from Jerome he has a long procedure that makes me affraid I miss out something. What procedure do you follow for your properties? my house is in the Eden Shores area, I watch listing in that area to compare.

@Jerome Kaidor

@Sandeep S.

You are expert landlords in Hayward. Please help me if you can please. I own a SFH rental in Hayward and it is under market rental for awhile. Current market rent is $3750 for 4bd/3bth, mine is in similar condition and renting at $2850.

Here is the history of what I have done.  In 2012, I started the contract for $2250.  On Sept, 2015, I increased it to $2450 with a 60 days notice.  Then Sept 2016, I increased it to $2850 with a 60 days notice again.  What should I do to catch up with the current market?  Tenants are good, we have good relationship and I like to keep them.

Thanks in advance for you input.

Jane.

@Sandeep S. if you don't mind, could you please share what is your strategies after 3/5/7 years when your 3/5/7 ARM rate is expired? what will you do if the rate is higher and the equity is not increasing enough with a short period?

Thanks and regards,

Jane

@Anudeep Yapala.  Sure, please send me a private message so we can set time to meet.

@Arlen Chou, thanks for your message.  Do you know how to check the property tax for Texas? I am in Alameda county, if I have the address I can check the current property tax and its history.  Is there anything similar in Texas? I own a rental property in Hayward that I bought at a very low price a long time ago.  It has been many years but tax is not increasing much.  I wonder how much property tax is increased in Texas, and how often?  Do you recommend to invest in Richardson/Plano areas?  I've heard that Plano's price is too high now.  It was used to be good but no more.  What is your take on this?  Appreciate your help.

@Dmitriy Fomichenko Thanks for your recommendation. I'll check out the meetup in Mipitas next week. It seems a good start for networking in this field for me. I see you are an 401K Expert. I've heard that I can use IRA money in RE investment. I try to understand how that works. Are you familiar with that or do you know anyone who works on that before?

@Leslie Pappas, thanks for your recommendation.  What sources are you going to check on the population income, population growth, diversified economic, etc.?  if you don't mind to share with me how to find them.

@Ariel Smith Thanks for your input, I just ordered the book from Amazon today.  I hope the book will give me a good start.

Hi Everyone, I am new to this site.  I am from bay area where real estate investment becomes so difficult.  I want to do some out of state investment but have no clue where to start.  I am currently working in IT field but want to be able to quit my jobs in next 10 years.  I hope investing in real estate can give me a substitute income when it is time.  I would like to network with people who have similar goals and learn from people who have done this successfully.

If someone can share with me how to calculate a 'make sense' rental investment? like how much down payment would be added to calculate a positive income for a rental property? what is your formula to analyze a rental investment?

 I have relatives who are living in Dallas, Texas so I start looking in that area.   I found Highland Park, University Park are good neighborhoods but they are expensive like bay area.  The reason I look these two places because they are good locations/good school where rental demands are high.  I analyze a few condo with 25% down payment and it is always giving a negative -$200-$300/month.

Where should be an good area to invest in Dallas, or where else.  Please advise.

regards,

Jane