All Forum Posts by: Shiva Bhaskar

Hi Yuki. Like you, we invest in a very expensive market which is appreciation heavy (Los Angeles). I lived in San Francisco as well, so I am somewhat familiar with the market up north. I would never buy a property that does not cash flow, and have good rental upside. 

I believe you can find such properties in the Bay Area as well, but it will require work to find. Also, significant upgrading will be needed. The Bay Area is a market where you can do very well with value add deals, if you're able to get your hands on them. I think a C or worse property in an A area can be a decent investment, but your best bet is a C property in a B to B- area, and you focus on improving it. That approach can work well in your area. 

This is very true. I'm an attorney who works with consumers, and we regularly get calls on consumers who have old, renewed judgments. Get an aggressive lawyer and fight them as much as you can. 

This one will end up in Supreme Court IMO. As an attorney, when an issue is on appeal, you always look at how different courts ruled. We've had multiple federal court rulings on this topic, and I suspect SCOTUS will want to address it. My guess would be they strike down most moratoriums. 

I'm in California, and they're doing the full reopening, but some want to extend the moratorium. Courts are going to be more skeptical, the more things reopen, folks get vaccine, and so on.  

 Ben, you're on track. we like 5 to 15 unit properties. lots of value add since owned by mom and pop owners, less savvy competition in some cases.  its a great niche!

Interested in buying apartment complexes? Live in an expensive market like California or New York? Do you keep hearing it's impossible to do deals here?

We'd like you to know that none of this is true. We closed 17 units (2 properties) in LA, at well under market prices. We will be implementing the BRRRR strategy on both properties, as we have done on others.

If you're curious how successful multifamily investing in one of the most expensive (and profitable) markets really works, you won't want to miss this meeting! Networking afterwards as well.

I doubt it passes. Plenty of real estate investors in Congress (including Democrats), and plenty of sizable donors to the party in most of the country who are landlords, some very big ones. I doubt they do it. I do think some of the other tax changes will pass. 

Hi Mario, we run a meetup focused on investing in LA area. Bigger Pockets usually takes down post if you share a link, but I please feel free to message me and can share, love to have you join.  

 HI Alexander, I'm a local investor. Lived in nyc for many years myself. Happy to connect anytime! 

Not sure if government will take over rentals, but I do think huge companies will take over single family rentals (it's already happening), especially in growing, desirable markets.. Blackstone Group / Invitation Homes was the first back in 2009, and now it's getting much hotter. This won't be great news for mom and pop investors who are competing with them. 

@Shaunt Simonian and @Rick Brand, we host a meetup online for those investing in the local market. Typically bring in speakers and discuss various topics. We were in person, now on Zoom. Hope to return to in person in the fall. Please feel free to message me, and I'll be happy to share details about the meetup. We also post it on Bigger Pockets.