All Forum Posts by: Rollan Dizon
Rollan Dizon has started 10 posts and replied 63 times.
Post: Duplex in Indianapolis- Good deal?
- Investor
- San Jose, CA
- Posts 64
- Votes 26
@Ryan Mullin, Thanks Ryan. It is on S Spencer Ave. Is this zip code ok for investment? I will certainly keep you in mind for property management. Thank you!
Post: Duplex in Indianapolis- Good deal?
- Investor
- San Jose, CA
- Posts 64
- Votes 26
BP Fam!
I am considering a Duplex in Indianapolis and wanted to get your thoughts. Here are the numbers:
Purchase Price 89K
2x 3/1.5 1220 Square feet each
Fully Rented: Gross Rents 1300, 650 each
Fully rehabbed
Market Value, 97k (But I am suspect of this, can't find anything in research to justify this price)
It is in the 46205 zip code "Historic Irvington".
Is this a good neighborhood? (I checked neighborhood scout and see high vacancy rates). Numbers are "ok". I am considering putting in an offer lower than purchase price.
Thank you for the feedback!
Post: Property tax rates in Birmingham, Al
- Investor
- San Jose, CA
- Posts 64
- Votes 26
Wow, this is an awesome link, thank you!
Post: Property tax rates in Birmingham, Al
- Investor
- San Jose, CA
- Posts 64
- Votes 26
BP fam!
As I am about to close on a couple of properties in Birmingham, I have seen property tax estimates all over the board. What is the general property tax rate in Jefferson county?
Thank you in advance!
Post: Investor from CA, Stress test my plan!!!
- Investor
- San Jose, CA
- Posts 64
- Votes 26
AHHHH!!!! Thanks for the tip!!!
Post: First Deal Success 3 yrs in the making!
- Investor
- San Jose, CA
- Posts 64
- Votes 26
Wow, that is fantastic, congrats!!!
Post: Giving it a shot in Bend Oregon
- Investor
- San Jose, CA
- Posts 64
- Votes 26
How's your experience with Epic Pro Academy? I am considering joining. Thanks!
Post: Investor from CA, Stress test my plan!!!
- Investor
- San Jose, CA
- Posts 64
- Votes 26
Originally posted by @Michael R.:
@Rollan,
Your numbers look excellent. I'm assuming your $100K is your emergency fund. If so, aside from your $3K / monthly expenses - what are all of your monthly expenses for living in your house and maintaining your rentals?
I ask from a similar moderate-conservative standpoint. I agree that low rates and leverage should be taken advantage of too. My question is - with regards to your stress test - do you have a satisfactory personal emergency fund and business emergency fund? This question also stems from the stand point of separating the financials. Treat this like a business now rather than later.
Other than that -- with regard to you moving forward to multi-families, consider 2, 3 and 4 units if you want to move slow. I have SFH and a triplex - the work is the same. On some of the podcasts that point is made even on the larger scale and I believe it.
I hope that helps.
Mike, great thoughts. I am having my attorney draft my LLC, and I am moving towards creating separate accounts for personal and business once I get my EIN. I agree that is a prudent thing to do. I can't wait for my 2 first investments to cash flow and give me confidence to go with multi units.
Post: Investor from CA, Stress test my plan!!!
- Investor
- San Jose, CA
- Posts 64
- Votes 26
@mark shaffar
Thanks Mark! Made a ton of mistakes before, thank goodness I was able to recover. I do wish I could have invested for cash flow 10 years ago! Instead, squandered it on cars and "showy" crap...
Cheers to successful real estate investing!
Post: Investor from CA, Stress test my plan!!!
- Investor
- San Jose, CA
- Posts 64
- Votes 26
Originally posted by @Joe Fairless:
@rollan
@Rollan Dizoncongrats on the foundation that's been established. Just curious, how did you pick Birmingham, AL as a place to invest?
Joe- Thank you for your feedback; it was tough work to get some stability in my family's finances, I feel good where we are, its now to turn on the "offense". I chose Birmingham primarily through the turnkey operator I use. After analyzing a few deals from different parts of the mid west, it offered the most decent cap rates, cash on cash, and still left me with a little equity in the deal. I will look up your podcast, i listen to about 4-5 hours of podcasts a day. Thanks!