All Forum Posts by: Peter Sik

i am at montgomery , al now. just found two properties at the same location, almost same price. one has 4rooms 2 full baths, the other one has 3 rooms 2.5 baths. For rental, which you think is more attractive to tenant?

Do you guys think East of Montgomery is class B area which is good for buy and hold cash flow property? If not, what area in Montgomery is class B area with at least 10% cap rate? Also want to know how is the vacancy there? One thing I am afraid of no matter how good the cap rate is, if it can't be rented then is useless.

I am looking for cash flow property prefer multi unit for long term holding in C+ area. I live in L.A. and because of the property price is so high and the rental return is so low here. I decided to take a look in DFW area, mainly focus in cities around Arlington for my 4 days trip last week. Reason I selected Arlington is I think this city provides better price/rent ratio then other and high population there. I lived in the hotel at around The Parks Hall, I felt this city is so busy from the north to the south. That makes me to have greater confident to invest in this city. After 4 days non stop driving, 

I found South of Arlington is my choice, South West is my favor because of the better school district. Kenndale city has lots of new homes, new development there, plus ok schools there. For Mensfield, I heard local people said the school district is good there and advise me to invest there as it should have more staple family renting there.

Those are the areas of my choice and with very low vacancy rate everywhere. And I am sure local people with lots of experience like you can pull me up from a hole of decision making. Thanks in advance.

BTW, I didn't see many multi units there, all I found the best is duplex there. Even I was in the downtown area of Arlington, I could found none.

@Carlos Rovira

@Robert G.

Do you mean the listing agent will get 3% commission from the owner plus 6% from buyer?

Just a quick check for local people in these area.  I heard Arlington is kind of old city and the development is limited. New development is toward to west north, Denton is one of the city. That's why my agent is suggesting Denton over Arlington. Do you agree on that? 

Thanks in advance.

 I have been Arlington for 2 days. And yes, it is hard to find a multi unit. What I can found (from my agent) are in some undesirable areas. Or jut selling one unit in a duplex. I must get a whole building in order to take full control.

And yes, if multi unit is not able to find then I will go to SFH path. I see West Arlington got some nice SFH there with ok school district.

@Shital Thakkar

@Eric Wald

I am in airport now going to DFW for checking out cash flow Multi family unit property. Want to hear some advise on class C or up areas that i should also visiting? Thanks in advance.

Hello everyone,

Is it normal for a 100 years old house have the middle of the floor pop up?

I think the pop up is like 5 inches high, how much about  to fix this foundation issue?

_______------------________  like this in the living room on the floor, the line is more smoother.

Thank you in advance

I want to ask does property insurance will accept for extended property without permit.

That residential property is in Los Angeles city, it has 2 buildings in a lot. Each building has extended about 100 square feet for creating a laundry room. The property is close to 100 years old and is in rent control area. Paying in full cash so no loan inspector required.

Thanks in advance.            

I would like to find the following information, wondering where I can find:

1. Number of property listing in city

2. Number of transaction completed 

I have heard the property market is slowed down a lot, like there is 1000 listing in El Monte with like 50 transaction last month. The ratio is 20:1, is this consider slow market? I don't know, I need previous data to do comparison. Thank you n advance