All Forum Posts by: Karen Lin

Hi There,

A couple members of my family is looking to start an entity to invest in real estate together. We were thinking about having the following structure and had a few questions that I was hoping this group could help us answer:

1. With a passive partnership LLC, are we able to run expenses through this entity as we would in other businesses? These expenses would be related to identifying and acquiring these properties.

2. Would we be able to use the LLC to obtain the mortgage to purchase these properties? Or would the mortgage be under each "manager" of the LLC, members of the Trust, or just under the trust themselves? In other words, if we went to the bank to obtain a loan, can we sign a loan under the LLC?

3. After we have a few properties under the LLC, is there any way to leverage those properties to purchase new properties?

Any feedback would be greatly appreciated! TIA!

Hello RE experts!

I'm looking to purchase an empty lot to construct and sell a house in Bay Area/San Jose area. Can someone help provide a breakdown of costs? I've been reaching out to contractors but many will not provide any sort of quote since I have not yet purchased the land. I understand pricing varies based on materials etc., but I am just looking for a ballpark number for construction cost $/sqft in the area as well as costs to draw up plans.

Any information or connections to good contractors and architects will be GREATLY appreciated!

@Jeremy Taggart and @Matthew Bonosky can you guys point me to where these 100k-200k homes are? All I’m seeing are 300k+ in east liberty. I see some empty lots available and am considering those. Any thoughts?

Thanks @Matthew Bonosky! Around how large are the units for the prices listed above? 
I am interested in the prices for kitchen/ bathroom remodel, as well as for building costs (like if I wanted to tear down and build from scratch)

Thank you!!

Hi Bigger Pockets Family,

I’m very interested in the Pittsburgh area and am looking to buy, rehab and rent in this area. I’m looking at the East Liberty area and was wondering if someone can shed some light on the area (or another surrounding area you might feel is a better market), in terms of the area’s appreciation potential as well as construction cost in the area. Any help or advice is greatly appreciated!!

Hi Eric,

I'm just trying to learn still, not buy. I just found a deal and I'm trying to analyze and learn from the BP family what is considered a good deal. This deal is for $6M.

Thanks! I really appreciate it! In terms of my last question on Principal Reduction. on the Annualized Operating Data, It shows what my NOI is, less loan payments and ADD estimated principal reduction to get to my total return before taxes. I don't understand what the estimated principal reduction is and why we would add it to my total return.

Hello BP Family!

I'm looking at a deal in Baldwin Park, CA for a 26 unit multi-family home. This is my first time reviewing a deal and was hoping someone can help me with some of my questions. 

1. On the marketing sheet for this deal, it is calling for a 5 year hybrid mortgage. Why would it not be a 30 year loan?

2. Does anyone know the vacancy rate for Baldwin Park?

3. What is the typical expense rate in the area? What is the typical % of operating expense over the effective gross income? 

4. What is considered a good debt coverage ratio?

5. What is Estimated Principal Reduction and why is it added to my total return before taxes? 

If someone can help me answer these questions and let me know any additional information to look for, I'd really really appreciate it! Thanks!

Thanks everyone. This has been extremely helpful!

Hello,

I am new to real estate investing and am trying to do some research just for my own knowledge and was hoping someone can help me out.

In California, when you make an all cash offer on a SFH, how does the close process work? If it is a 15 day close, when do the inspections, walkthrough, paperwork signing and cash wiring happen?

If someone can provide some insight, it'd be greatly appreciated.