All Forum Posts by: Theodore Lin

@sue Kelly

You make a good point. Long term the price will come back up even if market crashes. Can I ask why you are no longer managing the 25 unit complex after 8 years?

@Lauren heart

Makes a lot of sense in terms of long term!

@Ryan Landis

Yeah, we've rented it out since we got it. I was lucky to have no vacancy on the property. We listed it while we were closing on the property. First tenants turned out to be great and they have kept it in good condition.

thanks all for the advice! We'll be keeping the property and let the property continue with positive cash flow. Hopefully we can get some good tenants. I think we got lucky the last time we rented the place out. 

Need to talk with the family about investment goals. I think we'll continue with the buy and hold method though.

Hello BP!

Looking to get some advice for my family. We've invested in a KB home property nearby Santana Row in San Jose California. The current tenants will be moving out and the rental price has gone up from 3800 to around 4000-4100.

We're in a situation right now where we'll either continue renting out the home or we can sell the home. The value of the home is around 1.1m in 2016 and we bought around 680k in 2013. The property has appreciated quite a bit because it's silicon valley and the area has been booming in the past few years.

We've also looked at the reviews for the quality of KB homes long term and there are a lot of disaster stories that scare me just from googling them. We haven't had very many problems since the tenants have moved in and has been the best investment my family has made. I'm also a bit concerned whether or not there's another tech bubble that's about to burst in the bay area. I've heard from a lot of people that we're due for some price readjustments.

We've constantly been positive cash flow because we got a great deal on the home. 

Just looking for some advice... thanks BP!

This is the property btw
http://www.zillow.com/homedetails/493-La-Scena-Pl-San-Jose-CA-95128/122248592_zpid/

Ali, you talk about running the numbers for a passive generating income what numbers are you talking about? I want to make sure that I'm generating enough passive income as well.

My understanding of the numbers would be rent-expenses=profit.

Expenses include mortgage, property taxes, HOA fees, insurance, maintenance, utilities (if paid by landlord), and having vacancies?

Would there be anything else I'm missing?

Hi there!

My name is Theo and I live in Silicon Valley. I just moved back from 2 years in Tanzania (guess where that is). My family has owned a few rental homes in California and I've done some of the property management for the rentals. I'm looking to build up the family portfolio and learn more about the business. I'm hoping to build up the portfolio until I can have a nice passive income so I can continue with my passion in environmental and non-profit type work. 

Hope to learn and share a lot from you guys!