All Forum Posts by: Jeet Sangha

Yes, you will need their permission because of the disturbance. If you are going to do extensive renovations. I think it would be best to wait until their lease is up. If they are month to month, you can give them a 30 or 60 day notice (depending on the length of residency) to vacate and then do the renovations. Is there a specific reason you want to add a 3rd bedroom while it's occupied?

Hello BP, I'm looking for a local CPA that understands real estate investing and help with tax saving strategies. I recently listened to a bp podcast on Cost Segregation Study, and I was intrigued to learn more about that. Any recommendations are appreciated!

We recently acquired a home that sits on a 5-acre lot. We can easily rent out the house but don't know what the best use of the land would be. It is zoned A-20 or agriculture medium scale. Upon talking with the county, we can only use the land for ag-related purposes. My question to the BP community is, besides leasing out the land to a farmer or growing crops myself,  what other ag-related business can I operate that would generate income? The property is situated close to the city so it's not in a rural area and it in a close proximity to a major highway, if that helps.

My current thought is to build a warehouse building and lease it out, but I'm not sure what kind of ROI I will get.

How much minimal net cash flow should I aim for per door if I invest in a small multi-family (5-20 units) in the suburbs of Phoenix, AZ, or Las Vegas, NV?

 I'm marketing it on meetup.com, Nextdoor, and Facebook. I have a sign-in sheet I use and have them RSVP on the meetup. Most of the attendees are newbies. I think your idea of deal analysis is a good one. I'll implement it at our next meetup. Thanks! 

 Hey Mike, Thanks for the great tip. That makes sense.

Check out the Gilroy and Hollister markets in the south bay. I own several properties with positive cash flow every month. The rental demand is strong, and home prices have softened quite a bit. Sellers are willing to play ball, especially if a property has been on the market for a little while. Feel free to message me and I'd be happy to discuss this in detail.

Hey Michael, 

I completely get where you are coming from. I think we are in the same market. So, if you ever want to chat. Feel free to message me. I'd be happy to get on the phone and answer any questions you may have and hopefully provide some clarity. 

Ash,

I'm assuming it is 1.5M. I'd highly recommend you check out Gilroy and Hollister markets in South County. Prices have been on the decline, but the rental market is stronger than ever. I personally own several properties here. There's no reason you can't have great deals in your own backyard! 😀

Hi Kushal, If you are trying to stay close to the bay area. I'd highly recommend you check out Gilroy and Hollister markets. With rates rising, sellers are willing to play ball, especially if the properties have been on the market for a little while. 

If you are interested, I can recommend a few properties to you right now.