All Forum Posts by: Michael Kovac

Hello BP Community!

After being in the real estate investment space for 16 years I have pivoted to software sales and joined the team at Lob - a direct mail automation platform.

As a life long real estate agent, investor and professional I have always understood the power of direct mail and what it can do to grow your real estate business - whether that is wholesaleing, brokerage or finding off market properties for your own portfolio. 

Currently I specialize in assisting the real estate community as an Enterprise Account Executive - please reach out to me or book an appointment using the link below to book a time to chat if you are sending over 120,000 mailpieces a year. I can show you how to turbocharge your campaigns, bring speed to market, increase conversion, save money & time all through our software platform which supports CRM integration and automation.

https://hello.lob.com/c/Michael_Kovac

Thank you!

Michael

Travis- Shoot me an email and I will provide you with what exactly you are looking for. It will save you hours. Happy to hop on a call as well.

Thanks,

Michael

@Joe Wortham SBA loans are used to acquire real estate for small business (less than $5MM annual revenue) that intend on having a portion of their day to day operations/function as a part of that real estate. That essentially means that you cannot use an SBA loan to purchase income property assuming all else is above board. 

It is a great program for business owners that want to own real estate...

You should look into a 203k which is a residential rehab loan. 

Spencer Hsu I have assisted many clients with utilizing SDIRAs for RE investment. The process begins with choosing the right custodian. Dig a little deeper for those which are offering free seminars in your area, possibly through a meet-up or even ask for an initial consultation with a representative. They will educate you on the ins and outs. Pay close attention to fees and turn around times for deposits/withdrawals that the custodian states to you. If you have any questions feel free to give me a ring, happy to help.

@Dan Redmond recommendation is excellent. Andrew Zacks is a well respected and well known landlord attorney in SF. 

We all wish you the best of luck!

@Mabel L. I read through your entire thread and would really love to contribute but ultimately your situation is so sensitive and unique that advice from anyone other than a landlord attorney shouldn't be considered. If you are interested please PM me and I would be more than happy to provide you with a list of local and trusted SF landlord attorneys. 

Congratulations @Nik Divakaruni. may I ask where your deal is?

To point you in an additional direction there are quite a few sophisticated local apartment building/syndication groups on meetup.com that would be very open to discussing the nature of your deal.

Thanks for posting @Jeff L.

The truth here is that a lot of commercial deals of that magnitude that you are speaking of do not hit the open market. Commercial brokers such as myself have a network of buyers lined up ready to pounce when smart sellers put the feelers out. Your best move would be to extend your list of needs to as may commercial brokers as possible in the market you are pursuing, tell them why you are a good buyer and let the deals come to you.

Furthermore the "everywhere is expensive" and the "deals don't make sense" is something you will find in the bay area as it is a heavy appreciation market. Look for value add, development opportunities, up and coming markets and undervalued assets. 

Best of luck!

Michael

@Kusum Chanrai 

One way to speculate on heavy upside is turning to areas which are soon to be better served by public transportation, for example Chinatown which will soon see the extension of the Muni Metro T Third line through the financial district. A station will be opened at Stockton/Washington with service starting in 2019 so expect the demand of property within walking distance of that station to appreciate in the following years. A great place to educate yourself is the SFMTA website where all the projects they are currently working on are listed.

https://www.sfmta.com/projects

The other way you could speculate is by following sheer density, such as Mission Bay or Potrero Hill where there are a lot of new developments going up - almost endlessly. The large corporations and REITs will bring transportation to them in some way or another which will spur the desirability and presumably, value.

Ultimately this will be a very long term play for you. So feel free to buy in a neighborhood you like and "ride" it out. Remember you still have to live there! I also like other areas in the lower part of district 5 ie. Noe Valley to Glen Park. These areas propose a very good reverse commute for silicon valley which is always going to be the anchor to SF real estate.

There are many different ways to look at it! Hope this helps!

First off congratulations on the twins! @Kusum Chanrai

If your end goal is to have good appreciation upside and a good chance at a purchase then I would look in the "tier 2" areas that are currently experiencing heavier gentrification and development. 

If your end goal is to live in a nice area from the jump and you will be ok with less house (in terms of size, amenities etc.) then buy the "tier 1."

Personally given your budget and familial situation I would lean to tier 1... thats my gut.

There are conflicting schools of thought which are generally going to be tied to your willingness to risk and the general environment. I know a lot of colleges say "buy the neighborhood not the house" and I know of those who say "you have to speculate to accumulate." The only way to really do it is to set a budget and start touring alot of houses. The answer will come naturally to YOU as there is no right or wrong answer.