All Forum Posts by: Raghuveer M.

@Account Closed In case you will be taking 237 and 101 (or 280) then I can meet you at an exit close to intersection of 237 & 101 as it is very close to my place. If you will be taking 880 and then 80 then can meet you at Lee's.

@Account Closed Yes I would like to carpool with you :). Would be great to catch up again.

It was great meeting all the folks. Special thanks to @Account Closed

for both the carpool and the excellent ideas and stories about your investing.

Learnt a ton from lot of folks. Thanks J for the great meet up.

@Ken Lau Thanks for the insights about Indy.

@Chad Standish Great talking to you as well about your experience investing and the insight on the various markets.

In State / Out of State?

Open to both. Good cash flow and low headaches key

Strategy?
Buy & Hold, for cash flow

Type of properties?

SFH or Multi family if much higher cash flow

Looking for?

Networking, and learning from other folks on what strategies fellow Bay Area investors are using. I am thinking about out of state opportunity for my first investment but open to in state. Also looking for first hand experience about investing in great cash flow markets like Indy, Memphis etc

Can offer / knowledgeable about?

Familiar with local real estate in Sunnyvale, Cupertino, SCL but no good cash flow here. Know about financial side of things and can help evaluate if numbers make sense.

@Anantha Lakshmi Welcome to BP Anantha. Good to have someone from Sunnyvale on BP. Sent you a colleague request.

I was mainly talking about big ticket items that need replacement as home is built in 1975 and turnkey provider may not bother replacing something that could last 3-4 years more. I am also new to investing but on reading lot of threads it is always prudent to budget for some big ticket items within first 2-3 years while reserves are still being built.

A very thorough home inspection should reveal if any thing may be anticipated

seems like a good home as a primary residence. You need to also budget for capex which is where all your cash flow will disappear. Have a trusted home inspector inspect every aspect of the house and get his opinion on when major things may need replacement like boiler, ac, roof and if any issues with plumbing etc and make sure to get an estimate of replacement cost for each of the items if replaced with similar things. Make a 15 year projection of your capex and see if you still come out ahead. Vacancy rate is another killer. Make sure you call other property managers in that neighborhood and check what is the typical vacancy rate when someone moves out and check with your turnkey provider if they charge first month rent for replacing tenants.

@Andrew Fingado Thanks for the tips on the mobile home. Will do some research on them

@Amit M. The difficult thing with appreciation is not knowing in advance if the market can sustain further appreciation and when we have a bottom. Looking back it was obviously bad to buy in 2005 but good to invest in 2011. At this juncture it seems to be that prices are going to go further up but prices can also drop off sharply if there is sudden spike in interest rates, changes to fed's monitory policy or overbuilding. If values go down, you need to rely a lot on cash flow from rent but no way will rent cover expenses in Bay Area presently and you will be bleeding cash every month. Things would only work out great in Bay Area if properties continue to appreciate consistently at a minimum at the rate of inflation

@Quinten Jones Welcome to BP. I am also starting out and am looking for good cash flow properties. Initial thought was to look out of state as there are more opportunities but if there are good deals in California then I may also invest in state.

@Paul Timmins yes agree with you on meeting with people at rei clubs to get more information and avoid costly mistakes. Yes just started on the podcasts and lots of great discussions giving me lots to think about.

@Dustin Hatcher Nice to have so many people in Bay Area looking at RE investing. Looking forward to meeting you as well