All Forum Posts by: Valentin Zalutskiy

Hello,

Looking at option to buy from foreclosure auction with hard cash loan. Can anyone tell me what the process/timeline is to refinance and pull the cash back out to pay back the private cash loan? I plan to owner occupy the property. Thanks in advance!

Hello, 

Looking at a foreclosure auction property in California that is occupied. I plan to owner occupy the property if successful. Can you tell me where the law stands on this? What kind of roller coaster am I in for, especially with this Covid mess? I want to figure out if I have what it takes to bid this.. Thanks in advance!

Hello, Im looking at a occupied auction home. Was wondering what you learned with the eviction process? did you succeed? What did you have to do? Im looking to owner occupy this property, and trying to learn what Im in for. 

Ali Boone, the single family would be owner occupied. I'm just starting out and was hoping my first buy would be a duplex. Also the ones I did find that had +cash flow were in neighborhoods where I would not want to live or own. Going to look into building one.. see if I can get the numbers to work that way. Any advice in terms of building? what are somethings I need to consider?

Hello,

I have been on the search for a duplex in norther california that would provide cash flow, but no luck. So Im thinking to try looking another route, I just don't know enough to do the numbers yet. 

What would be things Id need to consider to buying a 5 acre lot with other investors, dividing it into smaller parcels, and building single family and duplexes?

Any advice would be appreciated!

I have been looking and analyzing duplexes and triplexes in northern california for close to a year using the parameters I learned from Biggerpockets. I have found none that met the "good buy" parameters, and only a couple that still had a cash flow after deducting the recommended percentages for the costs. My question is how are the other states doing? 

My plan was to make my first purchase a duplex so I can start off my portfolio, but at this rate, I may have to buy a single family home.  I get that I'm new at this and don't have an in on the off market buys, but....this is very disheartening. 

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Hello BP! I did the webinar, and now trying to analyze. So I plan to live in one side and rent out the other. I put 0% for property management, since I'll be doing that, at least the first few years. I also put 20% down, that will be a struggle, but I think I can make it happen by fall. Also Im not convinced the prices will grown, in fact I think they will possibly fall. Can you advice any corrections to my math? and is this worth tying up my nest egg? I was originally waiting for the market to correct before I make my move into real estate, but I'm getting married so situation is changed and I'll be renting for approximately $1400 If I don't buy.  Any advice or direction will be greatly appreciated. Thank you!!

Thank You!

Hello, I watched my first webinar today, unfortunately they didn't get to my question. Webinar was in analyzing rental properties. Part of the calculation is adding a property appreciation percentage. They put in 2% which is lower than average annual increase. My question is, the prices is really high at the moment, it's hard to say if the market will increase, in fact I believe it might go down. Can I calculate that into the equation somehow? thanks in advance.

Zoia Smith thank you for your reply! and yea that was the plan. I reread my post, I wasn't very clear. The rents in the area where I would live are 1500 a month. If I bought the duplex, I could charge 1000-1200 depending on how much I put into remodeling, so the rent from the one side will cover maybe half, maybe a little more of the mortgage. So is it beneficial to buy at high market, or keep the cash fluid and available for a purchase when the market corrects?