All Forum Posts by: Diane G.
Diane G. has started 115 posts and replied 1280 times.
Post: Los Angeles Tenant Buy-Out Negotiator (in Spanish)
- CA
- Posts 1,320
- Votes 1,059
@Steve Buchanan
Why do you need to buyout the tenant for if I may ask?
Post: Los Angeles Tenant Buy-Out Negotiator (in Spanish)
- CA
- Posts 1,320
- Votes 1,059
@Shannon Shue
Why do you need to buyout your tenant if I may ask?
Post: Total Return for Multifamily Syndication Investment?
- CA
- Posts 1,320
- Votes 1,059
@Andrew Hogan
That is possible... I agree ...
Post: Total Return for Multifamily Syndication Investment?
- CA
- Posts 1,320
- Votes 1,059
@Andrew Hogan
I don’t believe for a second that 20% is a “normal” return that can be expected in syndication... 5%~ 8%?maybe....
Is 20% is achievable, everyone on Wall Street will be out of a job....
Post: Total Return for Multifamily Syndication Investment?
- CA
- Posts 1,320
- Votes 1,059
@Shafi Noss
I might get shot 10 times in the head but I am still going to say it...
I would NEVER, like under no circumstances kind of never, invest in a syndication....
Too many scammers out there, and then a whole host of indicator with good intention but failed anyway.....
I buy properties and hold them in solely ownership....
If I don’t have enough money to buy properties, I will simply put them in savings account
Ok now shoot me
Post: Have $500k to start RE investing- wwyd?!
- CA
- Posts 1,320
- Votes 1,059
@Jay Hinrichs
Why is the buyer selling already?
Post: California Rent Control
- CA
- Posts 1,320
- Votes 1,059
This law is all about political showmanship, than truly helping tenants...
5% annual increase is more than what most landlords are doing in reality... One month's rent to evict is not that bad either....
The reason SF rent control is so tough is becasue eviction in SF costs between 40~60 months of rent
Post: Analyzing homes on the market, numbers never work.
- CA
- Posts 1,320
- Votes 1,059
@Costin I.
You also realize I bought the condo w tenant in it, so rental income from day 1....
Post: Analyzing homes on the market, numbers never work.
- CA
- Posts 1,320
- Votes 1,059
@Costin I.
You are so clueless about SF market, but each to their own and not worth debating over....
Just to show you how I can buy a property at 20% below market without need for repair.....
https://www.zillow.com/homedetails/1925-Leavenworth-St-APT-1-San-Francisco-CA-94133/15066062_zpid/
Post: Analyzing homes on the market, numbers never work.
- CA
- Posts 1,320
- Votes 1,059
So I bought it for $560K and appraised at $680K 2 weeks later... Now if you want to use Zillow, Zillow has it at $757K..... my view is it is likely $700K valuation TODAY.....no future appreciation needed.....
So my $60K downpayment is now $180K to $257K, depends on which value you want to use.....
Tenant is a single guy late 20s works for Google making $190K a year, ACH the rent on day 1 of each month, so no PM needed....Vacancy is likely 2 weeks per every 5 years in SF....
So you can run the math from there.... if I prefer, I can offer tenant $20K to leave, and put the property on the market to sell for $700K TODAY.....
But I am off track a bit here... My initial intent is to show OP that are good deals on MLS.....