All Forum Posts by: Tony Mai

Hi Dillion Can you send me details to [email protected] thanks

@kerry Baird that I will definitely check them out

I am seeking a lender who can loan 450k for 10 single family home portfolio in Columbus Ohio. Cap rate is 9%. 8/10 are renovated. GRM 5. Let me know if your company does this type of loan.

I’m sorry you are in a tight situation. I would say sell or 1031 it... how fast do you need to sell? I do know a few wholesalers in LA that may be able to help...let me know I can try to put you in contact with them.

Always get an inspection. Even cash offers have an inspection... unless you wave it of course but ... that’s up to you.

You are looking for an accurate ARV, the numbers look good but it really depends on location. Without an exact address I assume closer to reseda is lesser value and closer to Woodland Hills is more value. You will need to hire a good local realtor that can give you accurate comps. Prices can vary in Tarzana but 810k doesn’t sound crazy at all.

Hi Brian I am actually looking for something like this.  Please send me the info on this opportunity at [email protected]

Happy wife is a happy life :) go with the wife discussion until she changes her mind.

This happened to me twice. I tried to negotiate with the seller to bring their price down but they refused so I had to walk away. You could pay the difference in purchase price vs appraisal. But that’s more money out of your pocket. The appraisal is used to protect you and the bank. You do loose the fee for the appraisal and home inspection.

It sounds to me like your a tired landlord. Your tired of the headaches but don’t want to sell yet. So based on the three options that fits your goal the best is Number 1. Yes if something does break or need fixing then you will have to talk to property manager. But that’s much less work than you answering every call from tenets and doing an update/rehab project. For number 1 you are betting that “things” don’t break. However, if you already know there’s going to be a lot of deferred maintenance,then it would be wiser to fix the deferred maintenance then hire a property manager so you will get less future headaches. But you will need to put in more work for this step.