All Forum Posts by: Sachin Bhat

Never trust a desperate tenants. Having said that if they pass the screening they might want to pay up front of their 12 months of their rent maybe because they don't trust them selves with that money. They probably know if they keep that money they will spend it on something else. Once they give you the rent money for 12 months they know they won't be ever late on rent and wont get in trouble for it. Go with your gut feeling as you met them face to face. 

@Amy Heitner You are right. Many investors buy properties even if the numbers doesn't make sense. I just have to hold my ground not change my property buying criteria. Like you said just need to be prepared when the opportunity presents itself rather than buying any deal. Thank you!

@Puneet Jain welcome Puneet.

@Kim Meredith Hampton hi! I’m looking to invest somewhere I can creat great cash flow. Probably not in CA.

@Kenneth Garrett thank you. I do need to get better at analyzing deals so I can do it faster. I have analyzed so many deals and it doesn’t meet my criteria and feel demotivated. But I know I shouldn’t feel that way. I will just to get better at it. Thanks again.

@Henri Meli thanks for the reply. Yes, I’m investing for cash flow. Looking for value add of course and open to invest In any landlord friendly states in an up and coming area. I always use 10% cap when using 50% rule and most of the properties are over priced.

@Stephen Brown that’s a great advice. Thank you.

@Brandon Sturgill as a new investor I am just taking advice from the pros on BP. I just want to make sure I am not buying more than I can handle.

I am looking for great cash flowing properties in a decent neighborhood that are 7 to 20 units. Thanks

I bought an sold 2 properties and own my single family 5 bedroom home in CA which I am currently house hacking and living mortgage free. Living frugal life and saving to invest over the years I saved good chunk of money. I have studied books, listen to BP podcast for many many years, watched RE related YouTube videos to educate myself and attended few seminars etc but I’m getting stuck finding the right property. What I mean is property in a decent C class neighborhood (Multifamily) that meets the 50% rule. Most of the property I come across are over priced according to the 50% rule. I don’t want to buy a property just own a property, I want it to be a solid buy so I don’t have to worry about future economic fluctuations such as Recessions etc. how and where do I find such properties? No luck on Loopnet :(

Maybe I just meet to attend more RE meetups and network and find a Multifamily wholesaler?

Is there any other way? Thanks

I am new to Multifamily investing (although I have read many books and attended seminars) I haven’t done any deals yet. I’m looking for up and coming market to invest if any RE agents on here want to work together love to hear from you. I have the funding lined up and I know what I am looking for. Feel free to PM me. Thanks. Happy holidays.