All Forum Posts by: Sateesh Kumar

Quote from @Melanie Thomas:

Send the required itemized deposit adding in rent/charges etc with a deadline to pay stipulating they will be sent to collections if not, send them. Good luck & happy investing! 

How can we report tenant to collections? Does this reporting require tenant's SSN or other personal information?

Quote from @Theresa Harris:

Quote from @Sateesh Kumar:

Quote from @Theresa Harris:

Quote from @Sateesh Kumar:

Quote from @Theresa Harris:

Quote from @Sateesh Kumar:

Quote from @Theresa Harris:

Are you referring to a triplex or literally 3 separate homes on one lot? A SFH will attract a different type of tenant than a triplex. Triplex, you are more likely to get a similar tenant as an apartment and you will have to do the yard work and snow clearing (if applicable). I'd also make sure each unit is individually metered and has their own laundry.

 Yes , I meant three separate homes on one lot ,each with their own meters.

Unless it is a larger lot, I would still go for a SFH on its own lot.

It's a 5000 SQ ft lot for three homes all homes disconnected from each other 

How big are the houses?  5000 sqft lot is 50x100-normal city lot.

They are between 800-900 sqft all 2 bed 1bath. 
Appreciate if you can let me know ideally at what sizes (both square footages of units and lot sizes)
would it makes absolute sense to buy independent 3 unit or 4 units in the same lot, I am even open to two homes in the same lot. I always thought buying multiple homes in the same lot is a great idea as opposed to buying single family homes in independent locations in the same city as it helps management much easier especially as a live in landlords, just trying to better understand the disadvantages 

 Buying one building with 3 units (ie 3 units all under the same roof) has the advantage that you have one exterior, one roof, etc  to take care of.  With three separate buildings on one lot, you have smaller units, 3 roofs, 3 exteriors, etc and then three tenants all using one yard for which no one is responsible (the last two are the same regardless if it was one building with 3 units or 3 separate units on one lot).

Thank You! It makes sense now. Between a triplex or fourplex on one lot vs a single family on one lot which one do you think will be a better option? Just trying to understand which one would make more sense in an appreciating market like CA. 

Quote from @Theresa Harris:

Quote from @Sateesh Kumar:

Quote from @Theresa Harris:

Quote from @Sateesh Kumar:

Quote from @Theresa Harris:

Are you referring to a triplex or literally 3 separate homes on one lot? A SFH will attract a different type of tenant than a triplex. Triplex, you are more likely to get a similar tenant as an apartment and you will have to do the yard work and snow clearing (if applicable). I'd also make sure each unit is individually metered and has their own laundry.

 Yes , I meant three separate homes on one lot ,each with their own meters.

Unless it is a larger lot, I would still go for a SFH on its own lot.

It's a 5000 SQ ft lot for three homes all homes disconnected from each other 

How big are the houses?  5000 sqft lot is 50x100-normal city lot.

They are between 800-900 sqft all 2 bed 1bath. 
Appreciate if you can let me know ideally at what sizes (both square footages of units and lot sizes)
would it makes absolute sense to buy independent 3 unit or 4 units in the same lot, I am even open to two homes in the same lot. I always thought buying multiple homes in the same lot is a great idea as opposed to buying single family homes in independent locations in the same city as it helps management much easier especially as a live in landlords, just trying to better understand the disadvantages 

Quote from @Theresa Harris:

Quote from @Sateesh Kumar:

Quote from @Theresa Harris:

Are you referring to a triplex or literally 3 separate homes on one lot? A SFH will attract a different type of tenant than a triplex. Triplex, you are more likely to get a similar tenant as an apartment and you will have to do the yard work and snow clearing (if applicable). I'd also make sure each unit is individually metered and has their own laundry.

 Yes , I meant three separate homes on one lot ,each with their own meters.

Unless it is a larger lot, I would still go for a SFH on its own lot.

It's a 5000 SQ ft lot for three homes all homes disconnected from each other 

Hello,

i am relocating to CA from East Coast due to my job. I have 500k emergency cash in a HYSA and another 500k in equity in my current home that I am contemplating to sell.

What would be a best place to park my emergency funds (as well as the proceeds from sale once I decide to sell) until I finalize my next investment. Appreciate your inputs.

Thanks

Quote from @Theresa Harris:

Are you referring to a triplex or literally 3 separate homes on one lot? A SFH will attract a different type of tenant than a triplex. Triplex, you are more likely to get a similar tenant as an apartment and you will have to do the yard work and snow clearing (if applicable). I'd also make sure each unit is individually metered and has their own laundry.

 Yes , I meant three separate homes on one lot ,each with their own meters.

Hello,

which one is a better option?

Three separate single family homes vs all three homes in one lot? What are some pros and cons.

Thanks

Quote from @Carlos Ptriawan:

Quote from @Sateesh Kumar:

Quote from @Carlos Ptriawan:

Quote from @Sateesh Kumar:

Hello, 

Thank You! This makes lot of sense and the market seems definitely saturated and it feels like a very risky investment. Are there any specific areas I can target in the bay area owner occupying a 4 plex and BRRR ing..

A lot. Lot of opportunity in east bay especially on hills side for OO, with large lot+ more beautiful scenery than south bay's flat land. Lot of 1950/1960 houses going for gentrification. Like in above picture location is good for BRRR.

 Can you please let me know what are those specific areas on the hills side I need to be looking at?

Quote from @Carlos Ptriawan:

Quote from @Sateesh Kumar:

Hello, 

I am new member to this forum although I have been following the BP platform and the great insights shared by other members here.

I currently own a small investment multifamily (a triplex )but still consider myself noob in the RE space. I was looking to expand my portfolio and started looking for a multifamily upto a 4-plex a realtor brought to my attention a 10-plex over 2.5 million that requires at least a million down payment and for a moment it seemed doable because I have up to 700k equity in my residential but it seemed risky, then I started thinking of not 10 plex why not 5 plex or even 7 plex in the 1.5 mil range? I was initially contemplating buying a single family in the Bay Area which are already over 1.5 mil and it’s not making any financial sense to me, with a commercial multifamily there is at least a possibility of cash flow without speculating appreciation but I am not too sure how to best analyze a multifamily especially in this market,to begin with I would like to ask the experienced members here if I am crazy to even think about commercial MF in CA Bay are in this market?Can I do much better in other markets?Appreciate any guidance you can provide.

Thanks

The structure of the residential and commercial market in Bay Area makes this area is more rewarding for owner occupant and for short/long term appreciation play rather than cash-flow. Thus BRRR can work but investing my own money to Class A-C Apartment for cash flow ? Heck no, I would run away from those especially in 2023 (and forward), this asset class IMO is too saturated with institutional-level ownership. I would however, may be interested in Class B Bay Area apartment, if it's syndication with 10 year GC track record in the area and they have vertical Property Management.

Thank You! This makes lot of sense and the market seems definitely saturated and it feels like a very risky investment. Are there any specific areas I can target in the bay area owner occupying a 4 plex and BRRR ing..

Hello, 

I am new member to this forum although I have been following the BP platform and the great insights shared by other members here.

I currently own a small investment multifamily (a triplex )but still consider myself noob in the RE space. I was looking to expand my portfolio and started looking for a multifamily upto a 4-plex a realtor brought to my attention a 10-plex over 2.5 million that requires at least a million down payment and for a moment it seemed doable because I have up to 700k equity in my residential but it seemed risky, then I started thinking of not 10 plex why not 5 plex or even 7 plex in the 1.5 mil range? I was initially contemplating buying a single family in the Bay Area which are already over 1.5 mil and it’s not making any financial sense to me, with a commercial multifamily there is at least a possibility of cash flow without speculating appreciation but I am not too sure how to best analyze a multifamily especially in this market,to begin with I would like to ask the experienced members here if I am crazy to even think about commercial MF in CA Bay are in this market?Can I do much better in other markets?Appreciate any guidance you can provide.

Thanks