All Forum Posts by: Anne Dahl

Hi Steve,

Welcome, I love seeing more Oaklanders! I'm in podcast binging mode too. Currently in contract with my first SFH in the foothills.

Anne

Welcome Neighbor!  

@Aimee Hill and @David McKeever  I'd be interested in attending as well.

This is probably a stupid question so forgive me, but I can't seem to google an answer or find one here.  When you say "request tax returns", do they give you a portion that pertains to the property?  What exactly would they give you?

Hi Frank,

I'm using the MLS and I'm very green. I've chosen to start investing in the Sierra Foothills because I have many contacts and homes are affordable compared to the Bay Area. I have stellar PM and contractors lined up and it's an area where I spend a lot of time. A fourplex is rare, sells quickly and as far as I can tell, does not sell by cap rate. There is usually a 20% spread between asking price and what I think I need to just break even. I'm looking long term, for retirement. On this particular property the rents are low so I can add value to gain cash flow. Even though I am extremely conservative on my estimates, if I miss something big, it's gone. That's what I call little wiggle room - when everything has to go just so in order to cash flow.

Would love ideas if you've got them!  And I would love to start looking in the Tulare-Visalia area at some point.  My idea is to move out to either Stockton or your way once I have more working knowledge about rentals and have built more confidence.  

Anne

Hi Marquez,

Welcome to the site, it's a great resource.   What kind of investing do you hope to do?  I'm looking at buy and hold properties outside of the Bay Area, but still in CA.    

Anne

Thanks!  

Hi all,

I have a 4plex I would like to put an offer on.  It is a square box with mirror image  2/1 units.  The owner has provided a half page of financials.  It tells me the rent roll, insurance, utilities and taxes.  I feel there should be more information, but I am unsure what to ask for.  Cap rate for the area is tough to pin down (CA) - and the numbers the agents throw out are laughable.  Seller is a developer that is looking for cash on a large project.  He did a 1031 and bought several properties in January 2015.  This is also why there isn't any info.

Advice would be greatly appreciated as well as what books to read. 

Since this is in CA so there isn't a lot of wiggle room.  I need to get it right. 

Thanks!

Anne

Welcome Frederico.  You've found a great place to help accomplish your goals.

Anne

Hi @Neil Patrick, I am newbie as well and looking for my first deal, either SFR or multiplex. Good luck!

@Matt Shamus thanks for the link and info.   My difficulty analyzing deals without any real world experience is estimating maintenance costs.  The back and forth on your link was really helpful.  

Anne