All Forum Posts by: Kumar Gaurav

@Thomas Corley

Thanks Thomas. Is AZ good for multi family investment duplex ,fourplex etc? Do you think managing the rental from CA is doable while still cash flow?

@Jacqueline Gardine

Yeah I did it’s a bit complicated managing if i am not staying. I would have given it a little more serious thought if I stayed in East Coast itself.

Hello,

I need to soon relocate to CA soon due to my new job in SF so I will need to sell my duplex .

I currently occupy one of the units so I don’t have to pay any capital gains tax on that but the unit I currently rent I will end up paying capital gains tax if I don’t go with a 1031 exchange. The other unit is worth around $500,000 and I may end up paying tax on up to $120k. I was initially thinking about investing in a duplex or triplex in with upto 500k in Oakland CA due to its close proximity to SF but it looks like the prices have gone up really high now, I was also thinking to invest around Roseville, Tracy or even Sacramento at least in a single family but I would like to know are there any other markets worth looking into for even better Cashflow?

Is AZ better than Sacramento , I am open to other ideas, appreciate your inputs.

Thanks

@Steve Vaughan

I am in a similar boat got only two units, I am occupying one of them and renting the other, it’s not scaling well so I am thinking to go multiplex at least an 8 plex in my next investment, commisions will eat away all the profits was thinking to go with redfin

@Mike Hern

For the time I am not selling, I am making up with the rental income. I am also a live in landlord there.I am not a seasoned investor,

but I am exploring other investment opportunities in the mean time I am just strategizing to optimize my profit when I sell.

@Crystal Smith

When I first bought this property I had a conundrum whether to buy a brand new duplex

or a potential triplex back then I decided to purchase an older potential triplex at 0.85 price of a newer home and I don’t regret that decision and it worked well in my favor. My goal is not to compete and match (or even beat) the price of the other property , I am just trying to see if I can weave an optimization strategy and see if it can work in my favor.

@Crystal Smith

I did gather the Sold data points of.For the sake of numbers let me put it this way, exactly identical properties were sold for 1 million, the newer will have a price point of 1.4 million.

@Mike Dymski

it's probably a rash decision to put in  for sale when the newer property goes on the market, Sue's historical Chicago data point above made me think so.The intent of the post was to capture such data points to make an informed decision.

It's a small multifamily and people do sell with no tenants for ease of selling hence the NOI argument wasn't convincing.

People in my market add bells and whistles to very old multifamily homes and sell them at a premium price and 15 year old home is fairly modern and there will be some apple to apple comparison,add to it an additional in law unit, so a prospective will be more inclined towards newer home or my 15 year old home or it's not possible to draw any conclusion? I had this question when I originally posted and was looking for feedback.

@Theresa Harris

Yep, that is what I am looking at as there are few other personal parameters that is delaying me putting on sale so I was thinking I might as well time it when the other newer property is on sale

@Mike Dymski

Great point but lower NOI is up to the volition of property owner, the potential is definitely there, its just my choice I am not tapping into that potential.