All Forum Posts by: Raja Minhas

Hi BP,

I am looking at purchasing a tri-plex in the Oakland, California area and would like to hear your thoughts on the deal. Ideally I would like to do a house hack where I live in one of the units and rent out the other 2. I would be using a VA loan to do 100% financing. If I were to live in one of the units it would negative cash flow of about $600, but when I moved out and rented the last unit it would be a positive of about $425. Both of 2/1's would fetch about $1500 a piece and the 1/1 would get about $1100-1200. The area is not that great, but it seems like It has potential to appreciate over time. I am trying to figure out what I should offer the seller. I think he might accept $465,000 however I am unsure if at this price it is still a good deal. I have added a link to the rental property calculator sheet I used so you can see some more numbers. Any advice would be appreciated.Thanks

http://www.biggerpockets.com/buy_and_hold_results/45531.pdf?c=1431556276

@Peter Maclennan

Thanks for reaching out Peter. Great advice, I am currently working on podcast 47 so almost half way there. 

@Arlen Chou

I will definitely make it out to the next meetup. Maybe since you are pretty close we can have lunch and chat about RE sometime. Thank you for reaching out.
@Arlen Chou

@David C.

Thanks for sharing David, look forward to meeting you at the next meetup and hearing more about your journey.

@Dmitriy Fomichenko

Thanks for reaching out and your support. Glad to be here.

@Larry Fried

Hi Larry, glad to be here. Thanks for reaching out.
@Larry Fried

@Jeff Pollack

Hi Jeff, thanks for the kind words. Looking at your profile I see that you run a club here in the bay area. Does it cost something to attend or join? What kind of things do they cover in the meetings? What can I expect from attending an event like that? Any information you could provide would be greatly appreciated. 

@Joshua Chen

Glad to be here Joshua, thanks.

@Brandon Turner

Thanks for the links and info I will definitely read them. I can us all the info I can get. You will most definitely see me around these parts.

@Ben Brunetti

Thanks Ben, glad to aboard. Glad to see I am not the only new guy.