All Forum Posts by: John Shmon

Appreciate the honesty and feedback in this thread. 

Your as cold as ice @Andrew Johnson! :) Curious, If you were me, what kind of real estate investment would you be doing right now if you have 200k (keep in mind I don't work in real estate).  Interested to hear your thoughts.

@Will Chamberlin Yes, I grew up in San Rafael and actually played soccer quite a bit growing up at Pickleweed Park. I am pretty much in Marin once a week as it is.  I understand it isn't the greatest of neighborhoods and am OK with that.  Same question to you @Will Chamberlin, what would you do in my shoes?

Learning a lot in this thread.  Thanks everyone!

Thanks for the input @David Stafford!  I don't plan on exiting the building anytime in the near future.  I'm thinking of it as an investment that will be in my family for quite some time (far after the 30yr mortgage is paid off).

@Andrew Johnson I haven't looked into insurance for the building yet but I'm sure your not far off.  I wouldn't need a property manager as I plan on taking care of that.  Is there anything you think I could do to make these numbers work?  Or, is the building just too expensive compared to the revenue it will generate to make financial sense in your opinion?  

Just looking at a mortgage and rental income, is there a way to quickly see if a building makes sense to purchase.  For example if the revenue from rent is more than 75% of the mortgage, it's a good purchase.  I guess I'm asking if there is a golden number that I want to stay above when looking at a property.

Thanks everyone!

I'm looking into purchasing my first multi unit building.  Ideally, I would like something near San Francisco.  Currently learning how to evaluate a property properly.  Looking in the 1M price point or under which can be difficult in the area.  I've always imagined having an investment property (maybe a duplex or single family) in a nice area with a long term family living in it but the numbers I have looked at make more sense to buy in a not-so-great neighborhood with 4+ units.  Any insight for a first time buyer?  

https://www.zillow.com/savedhomes/for_sale/2097367...

As I'm sure is the case with most people on here, I'm looking for a property that is ready to go and I can generate + revenue from the get-go. Per the apt. building in the link provided, the numbers seem solid to me - please note if I'm missing something.

Appreciate any insight you all can offer.

- John