All Forum Posts by: Maxwell Ventura

If you're purchasing as a primary residence you'll want to do this under your own name, rather than as an entity.

The entity doesn't live in the home. You also have the option of coming in w/ less % down if you're purchasing owner occupied / primary residence on 1-4 units. If you're purchasing a duplex/tri/quad and renting out the additional units, you can still take advantage of numerous "investor" tax benefits on the remaining units, including accelerated depreciation via a cost segregation study. 

Hope this helps

 Beers and Deals (meetup.com) at Ash Rooftop on Wednesday Feb 15th in Little Italy. I'll be there.

 Which sectors are you referring to? 

Investors acquire property in all markets. Just a matter of finding the right opportunity, and for your given situation.

Starting your RE portfolio via house hacking is a great way to get into RE investing because you're able to come in w/ little money down and can potentially use surplus units rents to help to qualify.

Hope this helps ~

You have property value at $290K? And looks like that's the ARV? I apologize if I'm reading that incorrectly.

You'll be hard pressed to find a fixer in a bad area of San Diego metro under $500K these days (and that's on the acquisition side, so ARV would be higher after renovations)

Cheers ~

@Christina V.

After doing your own research & deciding on an out of state market, you'll want to connect with a solid core 4: Deal finder (Realtor usually) / Lender / GC / Property Manager

What type of asset are you looking to acquire? The reason why I ask: If you're looking out of state for a SFR or small multifamily you'll most likely be looking at 20-25% down.

Cash flow is only one piece of your return. There are many, many other benefits of owning investment real estate. 

If cashflow is your primary objective and you're investing out of San Diego with the intention of purchasing cheaper real estate I'd highly recommend looking at acquiring more units. Possibly small apartment complexes.

You mentioned you're not looking for a fixer so it doesn't sound like you'll be forcing too much appreciation via a value add play.

Otherwise your returns will be marginal. 

Hope this helps

@Stinson McElhinney

Property value increases will be marginal at best. The first thing we typically look at when buying / selling are the best comparables in the market. 

Solar is often looked at as a "bonus"

The main thing homeowners baulk at when considering purchasing a home with solar is: Are the panels owned / leased? Is there an annual escalator in payment? Both of these "objections" can be explained via an agent who understands solar. 

re: Solar will of course offset increases from SDGE as kwh rates have risen every substantially every year since the deregulation of electricity in 2001.

If it were me (and I used to be in the solar industry years ago) I'd either:

1) look at a $0 down option, preferably a purchase-to-own finance option. Most people prefer that over a PPA/Lease, or 

2) Do nothing at all as your tenants will be paying electricity like you mentioned. 

Regarding resale value, going solar won't have much of an effect.

@Nadia Justo

If you're planning to hold for a bit it's generally always a good time to buy. With rates up from where they were last year you could potentially get into a "buy down" scenario. 

re: House hacking, you can look at a SFR w/ adu play or a small multifamily 2-4 unit scenario. If you don't have too much for a down payment consider an FHA 3.5% option on a duplex. Because of the self sufficiency rule, you'll be hard pressed to find any FHA options that'll work on a triplex or quad.

If you have more questions regarding demographics / geography / which neighborhoods look promising over the foreseeable future I can weigh in w/ my opinion. 

Best of luck to you!


  

 I'm seeing the same. 

@Jessica James

I know a handful of people that bounce back and forth from SD to Sac. Do you know Zainah or Marissa by any chance? What made you decide to purchase in SD?