All Forum Posts by: Abdul Jabar

@Will Conner Yes

@Bob Stevens Hello. Im intrigued to know a bit more about your portfolio. Where are you investing where your property is under $75K and renting for $1K. I have about $75K saved up and want to start investing and would love to hear your thoughts.

Quote from @Nate Sanow:

I like Rentometer and RentCast.  They do have some free and paid for versions.  

Thank you Nate for the nugget drop:)

Thank you for your feedback. Will check it out.

Am wondering if there is any website or resource to research historical appreciation of a city and to determine or get an appreciation forecast.

Similarly wanted to know if there is a website or resource to check the Rentability score of a city. Because even though I can get a good deal on a property but if I cant rent it out then its a dud. So want to know how to research the rent stats or occupancy rates of rentals in a city

Any feedback would be highly appreciated🙏

@Susan Maneck . True about CA as most counties prop Tax is around 1% of value- however most desirable cities introduced Mello Roos or Community Development Fund tax which makes CA prop Tax around 1.9% to 2% in most desireable cities.

Quote from @Ronald Rohde:

Quote from @Abdul Jabar:

Quote from @Ronald Rohde:

You got to be able to underwrite the deals and the sponsors yourself. This is not a light decision to invest capital. 

Thank you for your advise. But Im slightly perplexed as to what you mean. This is a $76 mil syndication deal so both sponsoring and underwriting is out of question. I just wanted to know if this is legit and safe bet to invest with these guys. Thank you

 You can always underwrite anything. I can underwrite UK corporate bonds vs US junk bonds. I may not be as sophisticated, but I can research enough to feel comfortable making my own decision.

The size is irrelevant, you need to see the alternative investments and decide which risk is better. I only invest in direct industrial NNN deals personally. I want control and transparency, I'll get 9-10% CoC vs paying those guys to get 6% from a black box K1...

Thank you again Ronald. You are absolutely right about them being a typical black box K1 setup.
Now 9%-10% sounds even better...how do I get more info such deals.

Quote from @Ronald Rohde:

You got to be able to underwrite the deals and the sponsors yourself. This is not a light decision to invest capital. 

Thank you for your advise. But Im slightly perplexed as to what you mean. This is a $76 mil syndication deal so both sponsoring and underwriting is out of question. I just wanted to know if this is legit and safe bet to invest with these guys. Thank you

Quote from @Carlos Villalta:

@Abdul Jabar yeah bro my mentor who moved to South Carolina had been contacting out of state absentee owners. The 2 homes were SFR. In Lancaster South Carolina. Bought one for $12k and other was $2k. Flipped them both to some local investor. Net $20k from that deal.

Many thanks for the feedback. Up in Lake Forest and its turning to a Millionaires Row here so looking OOS, but with currents rates, will need to wait it out for 3-6 months. Thank you again.

@Carlos Villalta- Hi, Im in Socal as well and looking for an out of state investment prop. Couple of quick questions- did you buy single home or multi family? What was your purchase criteria ( meaning age of home, neighborhood etc). And how do you manage it, do you have a PM. Any nugget drops would be highly appreciated 🙏