All Forum Posts by: Shannon Bunyard

I am looking specifically for multi-family. I found River West to be a great location- maybe a B- location. Perfect for rentals.  Depending on which side of River West the home is located.

I am also still considering buying here in Sonoma County. 

Thank you Jeremy, I appreciate the perspective on CAPX.  I do tend to agree that 5% may be a little too low- especially if the homes are older also considering that if you have a multi- family you may be looking at capx for both locations water heaters, carpet, dishwashers...

Thank you again for your perspective!

Shannon 

Hi BP participants, my name is Shannon McLerran Bunyard.  I am an agent in the Sonoma County Market.  That is one hour north of San Francisco.  If you have any questions regarding the area, I am happy to assist.  Reach out regarding the best locations to invest here in Wine Country- Sonoma and Napa.  Did someone say wine tour??  

Cheers, 

Shannon

Hi Wyatt.  My name is Shannon Bunyard.  I am an aspiring real estate investor.  I would love to network with any investors in the area as well! 

Thank you Drew- I certainly have a lot to learn about property management companies.  I have had little interaction with them.  I have heard that the quality of a property management group is key to the success of your rental business. I also would imagine that a great company would be well connected with trusted contractors in the rental location. Thank you for your insight!

Shannon

Thank you Steve! It is great to know there are so many like minded people out there!

Also, Marcus I replied before I read the article.  I hundred percent get the contractor concern- we have the same problem in our area of California.  Good contractors are so hard to come by.  My husband and I are maybe looking to do light work on a property but nothing major. Cosmetic only. Good insight/ thank you so much!

Thank you Marcus for your reply- My strategy now is multi-family cashflow, not equity at this time, however, I would be looking at Shorewood in the next couple of years. Cap-ex is definitely something to consider. Would you consider 5% enough for Cap Ex or would you allocate more?

Thank you, cheers!

Shannon 

I would suppose stacking away as much cash as possible to be ready for when that next deal opportunity presents itself.  Or, you could talk with a financial planner and see what alternative investments would be beneficial to invest in temporarily that can be easily liquified when the time comes to invest in RE. 

Hi Jason, thank you for the reply.  I am looking at multi-family units. I would like to increase cash flow potential as much as possible.