All Forum Posts by: Alpesh Parmar

 Agree

 I consider pyramid/MLM a scam. :)

@Dulce Beltran Everyone has chimed in with same advice and I agree. I almost bought a Model X last year and backed out at last minute and continue to drive my Honda Accord. I have decided to use the money for REI and not to feed my ego.

@Seth Rose real estate is a small world. I found one of my partners in Atlanta at a real estate event in Dallas. I also met other investors who were investing OOS at a local meetup.

@Aaron Moayed One advice, don't buy a rental with $600 rent unless it's a duplex or more and rents for $600 a door. I have leaned that an SFR renting for less than $750 anywhere in the county would be in a C- or D neighborhood. PM may have it carry gun in that area and each bullet adds up. 😄

@Seth Rose good questions. I analyzed over 20 markets and picked three so there are a lots of markets to choose from.

Start networking on bigger pockets as well as attend local meetups and REIs to find referrals for GC, PM, broker, TKP, lender, property inspector etc.

@Navdeep Raj I didn’t read the entire thread but sounds like you are assuming that the property will have gone up significantly after 5 years so you won’t have to pay any capital gain. What about if the property value had gone down or stayed the same? I would think about the cash flow I can get while I am holding on to the property. Don’t focus on timing the market as we all know it’s even hard for experts dnd smart investors. For e.g. look up Rod Khleif - he is touted as Multifamily family guru and he lost over $50M in 2008.

@Dale K Poyser I live in Bay Area and don’t invest here anywhere in CA. You should check out Fresno, Bakersfield and Sacramento though.

@Terry Lao I don’t think you can put $ figure for a home run. Would you consider a property which someone bought for $50K and sold for $200K after a year or is it a home run when someone bought a property for $500K and sold for $1M?

I would think of it from %. If I got 100% return then it may be home run for me. Again, time is of value too. I know someone who sold their house in Sunnyvale, CA after 20 yrs. Bought for $500K and sold for $2M. Is that home run for you?

@Yogesh Bhadane  Nathan and Matt have covered all the questions from PM's side. As an investor, I don't want to interfere in PM's business and at same time I don't even want my tenant to have my contact info. I would never want to hear from my tenant.

I totally rely on my PM to guide me going rent and tenant selection. PM definitely knows more about the rental rate and tenant pool than me. If he/she doesn't, time to find another PM.