All Forum Posts by: Armand P.

Hello BP!

I am in the process of researching my first REI property (MFH) and would like to find out which cities/states/neighborhoods I should include to invest in that will give me the best cash flow/money/returns?"

Thank you!

AP

Hello BP,

I'm looking at a duplex in phoenix that needs a full rehab. Any investor friendly contractor's and or referrals would be appreciated! I'd like tto get an idea of renovation cost and potentially adding 2 additional units on the property. 

Thank you!

Armand

Hello,

What's are the pros and cons for investing in Hawaii? I've done some research and have a good base on knowing the difference between Fee simple vs Leasehold. However, most investments have a really low cap rate. Just curious to hear people thoughts and ideas. 

Thank you

AP

Hello,

Recently started to educate myself in real estate investing. Any like-minded realtors and contractors that are investor friendly from the bay area please reach out

Thank you!

Armand

Hello BP,

Interested in MFH (2-4 units) in Arizona. Seeking investor friendly realtor that knowledgeable in this geographical location and savy when it comes to finding and analyzing deals. 

Thank you!

AP

Hi Jacob,

Thank you for your response. I agree HELOC would be the better option. My concern is taking out a large amount and not being able to make the payments.

Hello,

Considering a HELOC on my primary and using it to purchase a second home. I've owned primary for over 10 years at a 3.62% 30 year fixed, so doing a cash-out refinance even-though the rates are lower may not be in my best interest. Any thoughts?

Thank you

AP

Hello,

I own a primary residence for about 10 years and have a good amount of equity. My mom who is part owner currently lives in it. My girlfriend and our two kids are renting a 2 bedroom condo and are interested in buying a SFR. I have consulted with a family realtor and his advice is not to sell the property. My initial thought was to find a 1 bedroom apartment for my mom to rent and rent out the primary (rent in the area go for $4000-$5000K). However, being that the Fed's cut interest rates yesterday and likely cut two more times this year I feel like a HELOC could be a good option here. Based on my mortgage lender and i could qualify for a variable rate around 4% with interest only payment.

Here is the break-down:

Currently Mortgage: $2000K Per Month

HELOC: If I were to borrow $300-$400K would be around $1200-$1500 Interest Only (I would pay down the principle each month as well)

The primary residence is located in the bay area (peninsula) and the new home would be: Pleasanton, Livermore, Morgan Hill, Lathrop San Jose. Let's say I have a HELOC of $400K that would only give me enough for a down payment which means that I would need to take out a 3rd loan.

I know this is kind long just thought I'd get some idea or feedback if either one of these plans would work.

Thank you!

AP
 

Hello,

Thank you all for your responses and feedback. I really appreciate it! Every morning for the past few weeks I look at properties to do a brief 10 mins analysis to find out if it's worth digging into deeper. I found this Duplex in Phoenix AZ and based on my initial calculations the cash-flow + cash/cash NOI appears to be really good. Am I missing something? Here is the basic criteria (learned from watching video on BP) I use:

https://www.zillow.com/homes/for_sale/Phoenix-AZ/fsba_lt/apartment_duplex_type/7690658_zpid/40326_rid/0-150000_price/0-605_mp/Duplex_att/pricea_sort/34.112941,-111.386261,33.096143,-112.862549_rect/9_zm/0_mmm/

Income:

Expenses:

Tax

Insurance

Utilities:

Repairs:

Cap Ex

P.M

Mortgage:

Misc: 

Cash Flow:

Cash/Cash NOI:

Hell all,

It's been a while since I've posted. I am new to real estate investing and have recently started watching video and seminars on here. I'm interested in investing in a multi-unit property out of state. My price range is between $100K-$150K in a C neighborhood, but prefer B if possible or realistic at price range. Any suggestions on states, cities or areas would greatly be appreciated. I've researched Indiana, WA, Arizona and a few in OH. 

Thank you!