All Forum Posts by: Yulyana Karpava

Hello! We are considering buying a multifamily property: duplex/triplex in Sacramento with 5% downpayment conventional loan. We are new to the area and are currently renting. So the plan is to live in one unit and rent out the other one. But I am also keeping in mind that if we decide to rent out both units in a couple of years, it should cashflow. Would this be even possible in Sacramento area on the current market ? In which areas? Also we have kids who will go to school in 1.5 years, so have to balance somehow financial side of it and better school areas. I would really appreciate any suggestions. Thank you!

Thanks a lot @Tom Ott! In general, from your experience could there be a huge difference between the appraisal (like 20% higher) and the market price?

@Tom Ott maybe you can recommend an agent in the area? I'd love to get an idea of what it is actually worth if I need to sell. I also checked realtor.com and found a fully renovated property built in 2007 for the same price but better finishes... 

@Jay Hinrichs thank you for the answer. Is the appraisal usually close to the market value? 

Hi! I am considering buying a property from a TK provider in Memphis. But when I am searching the address on zillow or other sites, the home value appears half of what the TK company wants for the house. Are the prices that overestimated or is zillow that inaccurate? What is holding me back is that if I need to sell it in a few years like in 5-7 years, I am concerned that the price won't be even close to what I paid and I might end up losing not only the downpayment but will have mortgage balance as well. What is your exit strategy?  

Hi! I have a property under contract with MIP in Memphis. Now I started to hesitate if it is a good idea to buy from a turnkey company right now. If I use conservative calculations it does not come as good of a deal :) I was not able to find any detailed reviews online about Reeady&Company property management either. I would really appreciate if anyone could share the experience working with MIP and Reeady&Company? I would love to know how much should I reserve for maintenance and vacancy. Also, how does the rent change over time? Looks like the rent is above average for the area it probably works for the first couple of years when the property is renovated does it go up or down over time? Did anyone try to sell a turnkey property?

@Shane Swanberg Hey, I am also from CA and looking to buy a property with MIP, did their cash flow projections work for you so far? Were the houses appraised for the purchase price?

@Shane Swanberg did their cash flow projections work? I am considering buying from them too, but after my own calculations I am hardly getting any cash flow. For example, they do not deduct vacancy expenses, as well as insurance and taxes seem underestimated to me. By the way how much are you paying for insurance for a single family? is it that low like 30-40$ per month there? I would really appreciate your feedback. Thanks!

Hi! We live in SF Bay Area (me, my husband and 2 kids) and renting an apartment. I am thinking what would be the best approach, is house hacking possible in South Bay or East Bay? Is it a good time to buy an owner-occupied plex? is it a good time buying a primary residence in general? I am leaning towards investing for cash flow in Mid West markets for now and watch the housing prices in the Bay Area, but I am afraid I am going to lose the chance to use FHA loan if I get an investment property loan. I would love to hear some thought? Thank you!

@Ali Boone thank you for your comment! I did include HOA in my calculations. I was under the impression that it is easier to start investing in a condo or townhouse without previous experience because you're not responsible for exterior repairs or maintenance.