All Forum Posts by: Toan Pham
Toan Pham has started 6 posts and replied 16 times.
Post: Created a simple CF model - need advice
- Oakland, CA
- Posts 18
- Votes 3
Hi Everyone,
I created a simple excel model to look at deals and could use some advice since I'm rather new. I've look at the analysis resources here and elsewhere but feel like it could use more return metrics other than cap rate and roi. Thoughts?
Inputs are currently just a placeholder but if I'm leaving any obvious expenses out please let me know.
Thanks!
Post: Sacramento multifamily
- Oakland, CA
- Posts 18
- Votes 3
Originally posted by @Stewart Guthrie:
Hello Brandon,
You're right that stuff is going to vary, street by street, but you can certainly improve your odds of being stable/appreciating based on the reputation of the area, (which is most easily defined by the zip code).
Take the time to review the reputation of the local schools, (not the districts), as well: there are a a couple of schools, for instance, that fall into the well regarded Elk Grove school district even though they are located in more rugged, South Sacramento zip codes.
I did a zip code analysis for most of the Sacramento region zip codes a few years ago for a hedge fund that was considering getting into the single family market and wanted an unvarnished local opinion on prospective areas. That project never went anywhere, (most don't), but most of the info would be applicable to what you're looking at and I would be happy to share with you some day if you want to get together, (give me a little time to dig it out if you want to stop by), we have offices in Sacramento, near Land Park, as well as one in Roseville, near Fry's.
Good luck.
Hey Stewart, hope I'm not too late to the game but would it be possible to get that analysis as well? I am starting to look into the Sac area. Thanks in advance!
Post: Another Partnership Structuring Question
- Oakland, CA
- Posts 18
- Votes 3
Thanks for your responses, everyone. I will look into them all thoroughly.
Tom - would you mind telling me which banks if any you would recommend?
Post: Another Partnership Structuring Question
- Oakland, CA
- Posts 18
- Votes 3
My friend and I are planning on investing in a SFR rental property in Houston and are unsure the best route to take in regards to structuring the partnership. I've gone through forums and other online resources but still have some questions about the best route to take.
We initially thought about creating a Series LLC then pooling money for the initial investment and getting financing from a portfolio lender under the LLC. However, as interest rates charged to LLCs are so much higher this way, we've also discussed one of us being the one to take out a conventional mortgage. If we go the second route, there would be no LLC so how would we protect the other partner's interest? Some other kind of legal agreement?
We are definitely open to other structures so any advice would be great. Thanks for your time.
Post: New SF Bay Area based REI
- Oakland, CA
- Posts 18
- Votes 3
Thanks for the response and advice, everyone.
I've been going through the forums and the podcasts as suggested. I have finished some of the free ebooks available but there is definitely a lot more material on here I plan on looking into.
Linval - Thanks for all those links. Its definitely the kind of info I'm looking for
Landon - Thanks for the support. My local realtor has some clients that are doing something similar to what I'm planning and I'm hoping to connect with him soon. My dad also has some close friends living in Houston that are in this field but eventually I'll be making a few trips out and getting familiarized with the area and hopefully meet with what will be my future team on the ground. Any tips is welcomed as usual
Post: New SF Bay Area based REI
- Oakland, CA
- Posts 18
- Votes 3
Hi All,
I've been interested in REI for years but have really committed to becoming an investor within the last few months so I'm here to absorb as much knowledge as I can before I proceed. I currently own a townhouse in the SF Bay Area and I guess you could say I'm semi house hacking right now. I'd like to start my SFR portfolio and am looking at the Houston area (but am definitely open to anywhere else in TX, WA, or CA that make sense financially). I know a lot of people aren't big fans of long distance investments for newbies like myself but the market's kind of tough locally.
I'm hoping to get into buy and hold investments or BRRRR with a friend but am still figuring out the nuances of going an LLC route or some other sort of agreement and the effects it would have on financing. I am looking forward to learning and networking as much as I can from all of you and hope to become as successful as many of your are.