All Forum Posts by: Andy Okamoto

Hello BP community! My name is Andy and I'm looking to purchase my first property in the Salt Lake valley. I am prequalified for 650k with my parents as cosigners. I'm looking to house hack a duplex or single-family home and rent out by room. When looking through listings on the market and running my numbers, obviously in this market it is difficult to find cash-flowing properties. With that said, I hear on BP many times that investors are looking for ~10% COC return. Is a 10% COC return expected after year 1? Year 15? Year 30? Analyzing these deals, I have found ~4-5% COC return opportunities after remodeling (I will be doing this myself). I just wanted to get a better understanding of what metrics that you guys are using in this market to determine a "good" deal. I understand that this will vary depending on investment strategies but, I would like the opinions of investors who have a better understanding of what I can expect. Thanks so much for your time!

Andy O

Hi everyone! My name is Andy and I am at the University of Utah as a CS student.  I have income from a variety of side hustles but, don't have the W2 to show. I am currently in the process of getting pre-qualified for a loan using my parents as cosigners. However, we are struggling to find the right loan for us because of my parent's low W2 income on the last two years of tax returns.

How should someone like me move forward? Waiting until after I graduate to get a well-paying software job to fund my real estate investments is something I already plan to do. However, I want to learn the process and purchase my first property now so I can learn the process and when I am able to independently qualify for loans, go all out.

Thanks all!