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All Forum Posts by: Roland Osage

Roland Osage has started 6 posts and replied 27 times.

Post: Attending a showing to buy a house...

Roland OsagePosted
  • Realtor
  • Martinez, CA
  • Posts 28
  • Votes 6

Take a peak at the roof, easy to tell how recently it was done, also gutters/ drainage and if everything is in tact and they have proper drainage on the property, look for wood rot on siding and near windows, take a look at foundation around the house to see any possible cracks, everything on the inside is pretty straight forward, look for cracks in the wall, hairline cracks arent a big deal at all but large cracks can mean foundation/settlement issues.

Post: Multifamily vs single family vs condo

Roland OsagePosted
  • Realtor
  • Martinez, CA
  • Posts 28
  • Votes 6

Multi-Family is always going to be the safest route if due diligence is done properly. 

Pros: 

You still have other tenants renting if a different tenant moves out.

Other sources of income like applications fees (if common in your area)  Coin operated washing machines, vending machines etc

Implementing RUBS (Ratio Utility Billing System)

Leverage

Higher passive income

Economies of scale

Cost segregation

Post: Factors to know before investing in Fix and Flip properties

Roland OsagePosted
  • Realtor
  • Martinez, CA
  • Posts 28
  • Votes 6

Hey Christian, it all depends, are you using all your own cash or are you using a hard money lender? Insurance isnt mandatory but highly recommended. For closing costs it depends on how your purchasing this property. When selling your biggest fee is Realtor commissions, usually runs you about 5-6 percent of the purchase price. Theres also permit fees, I'd be happy to hop on a call, just let me know.

Post: Multi Family Property - 1st Rental Opportunity!

Roland OsagePosted
  • Realtor
  • Martinez, CA
  • Posts 28
  • Votes 6

It depends on your area and connections, but based off of what I know and since the unit count is on the lower I would think your looking at least a %10 management fee.

Post: Out-of-State Investors living in PHX?

Roland OsagePosted
  • Realtor
  • Martinez, CA
  • Posts 28
  • Votes 6

Hey Jacob, Im in the bay area and i'm actually looking to invest in your market, but Tucson. What makes you not want to invest in your backyard? I'd love to hop on a call and see what kind of investing your looking into. I'm looking in the Multi-Family space

Post: New Member Intro to BP Nation

Roland OsagePosted
  • Realtor
  • Martinez, CA
  • Posts 28
  • Votes 6

Welcome @Lawrence Potts! Your in the right place, and congrats on your house hack! Its always great to see somebody taking action. Im located in the Bay Area but reach out anytime if I can help in the Residential real estate, house flipping or Multi-Family space.

@Scott Morongell hope your doing well! Mine is definitely underwriting properly, which I'm practicing, just gotta get my reps in until it gets comfortable. I'm mainly looking to Jv my first couple of deals to build credibility and then get into syndications. At first networking and meetups were something I hated, but now I don't mind it all. I feel like once you really start educating yourself the networking aspect gets a lot easier

Post: Best ways to add value to multifamily investors?

Roland OsagePosted
  • Realtor
  • Martinez, CA
  • Posts 28
  • Votes 6

@Kevin Dean @Michinori Kaneko @John Casmon @Scott Morongell @Joshua Davies Very very helpful information, I dont have a large net worth just about 100k of my own capital but im going to keep educating myself Thank you guys!

Post: Best ways to add value to multifamily investors?

Roland OsagePosted
  • Realtor
  • Martinez, CA
  • Posts 28
  • Votes 6

What are some solid ways to add value to multifamily investors that I want to partner with? Other than a decent amount of capital I have, being a real estate agent and having a flexible time schedule, the only thing I can think of is bringing deals and educating myself, any other suggestions?

Post: Using heloc to invest in multi-family out of state

Roland OsagePosted
  • Realtor
  • Martinez, CA
  • Posts 28
  • Votes 6

Great advice Jeremy I appreciate it!

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