All Forum Posts by: Angela Yan

never purchased a deal that wasn't double digits COC. knock on wood.

I still go back to old reports from properties i have purchased using the calculator... Numbers are great and very important when analyzing but one investor must not forget that those numbers are its version of rainbows and unicorns.  You just never know what could happen to your property but going through the numbers is a great way of grappling the concept of what a good deal looks like.  

I love your idea but depending on your market you are looking at, most FHA offers doesn't stand a chance right now due to how competitive things are going. I had my 4 plex and 9 plex on the market and got 14 offers. FHA offer i threw out immediately. Doesn't matter that offer gave me the moon, FHA has their own set of rules and standards of what they think is a comp. Once a property doesn't meet it, it is scarred in FHA world. I won''t come to closing and my place is back on the market. Cash is so king when it comes to 4plex properties. I think there are some great SFR with flippers dropping in prices. Perhaps maybe house hack every year with primary residence? love the low rates.

Anyone came across a good contract that they are using when hiring their GC? I feel like the one I have been using could be brushed up.  Would like a contract that is more aligned with 2021.  Thanks! 

@Forrest Hayashi. I happen to be a seller of my 9 unit and 4 unit which consists of a 4plex, 3plex, 2plex and 4plex on the same street but not next to each other on 4 plot of land. I acquire them all together and would like to sell them off together. Together, they fall into the more than 4 unit structure in which my worth for my buildings are linked to the NOI that my buildings provide and not what the 4 units or less sold for in the area, i.e. comps. I hope that make sense in justifying why this seller insist in selling this way. I think what you can also do is try to find another buyer to see if they can go in on the deal with you. I have tried gathering people online on FB group and has much success in meeting people. It is such a seller's market right now and there are a lot more buyers than sellers so you may find that other buyer that may be interested. Good luck!

@gerogeyu what a journey this has been and thank you so much for sharing the heart to heart of how difficult development and construction can be.  There are so many moving pieces and every project so unique that one will never know what goes into the rainbows and uicorns in the Proforma story.  I love Georgia, i own there.  I am about to sale my small apartments and probably 1031 exchange.

I love Neal Bawa for his data presentation and his outlook on the market.  I am too much of a self RE investor doing my own thing than to handing someone money to multiply for me but not like there is anything wrong with that strategy. I just like experiencing my own returns.  

I have been an Air bnb host since 2010 owning my first one blocks away from the Air bnb headquarter in SF. I see the STR business evolving as the experience of renting a STR versus a hotel is completely different. As millennials are having families and doing a big chunk of traveling, they need more STRs unlike the Gen X generation in which everywhere their parents brought them, they were stuck and crammed in one hotel room sleeping on 2 queen size beds. The STR experience has a lot of run and as many home owners are investing in buying STR or some becoming Arbitrager, i see communities becoming more receptive to the concept, but it is not without political fight at the ballot box.

Hi!  

Looking to open a bank account with my partner. We are managing from out of state. What type of banking institutions do you find is the best for REI in terms of customer services? I currently bank at the state where my properties are at and i find they are very personal but their website suck and not like i ever have to step into any of the branches as i live out of that state.