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All Forum Posts by: Venkat P.

Venkat P. has started 2 posts and replied 15 times.

Quote from @Nick Maugeri:
Quote from @Venkat P.:

My wife and I are just starting in the rental RE. We have purchased a SFR (cash negative) in Sacramento, CA area few months ago. We know that it is currently cash negative but given our income from W2, we are able to cover that for now . The goal then was to build some equity on it long term and refi when the rates go down.

Looking for the next investment suggestions. We do not want to take another cash negative property, so looking for cash positive options. We have reserves to do 20% down on ~500k properties. The goal for us is to scale our investments so we can get around 2k/month in the next 2-3 years


Hi Venkat, I am anxious to help build this out with you. I help a lot of investors in this situation and am fortunate enough to be in a market with good appreciation and rents. I help a lot of investors that get into similar situations get out of them. I have references I am happy to share that are from the Bay Area and surrounding areas. The most recent deal I helped someone purchase will generate around 12K annually for them - duplex. 

What you are desiring requires much more underwriting and planning than buying a cashflowing property - especially with that timeline. You need to purchase and build with a 1031 exchange scenario unless you have continued capital to expand. Ensure that you are buying something in a market that is not stale. Happy to connect and will send a DM!  


 Interesting. Would like to know more about the approach you took with others

Quote from @David M.:

@Venkat P.

I was just thinking:  2k/mo is $24k/yr or 10% on $240k, right?  Private lending is doing 12% or better.  Your subject header is "best passive way to earn cash flow.."  You really aren't that far away and having to deal with landlording, which isn't entirely passive and has its own expenses.


 That's not a bad idea. I will look into private lending and debt funding like others are saying.

Quote from @David M.:

@Venkat P.

Can you clarify how many $500k properties can you do 20% down?  Just the one? or multiple?


 Start with one and hope to add more

Thanks @Michael Thach. Started to look at multi family options but unable to find any good deals in the area.

My wife and I are just starting in the rental RE. We have purchased a SFR (cash negative) in Sacramento, CA area few months ago. We know that it is currently cash negative but given our income from W2, we are able to cover that for now . The goal then was to build some equity on it long term and refi when the rates go down.

Looking for the next investment suggestions. We do not want to take another cash negative property, so looking for cash positive options. We have reserves to do 20% down on ~500k properties. The goal for us is to scale our investments so we can get around 2k/month in the next 2-3 years