All Forum Posts by: Brandon Pearsons

@Mihn L

2) I am in Northern California in the Yuba City area.

3) I am just looking for another a 15% return on cash on a solid investment

4) Wow, lol I dont think you are far off. Do you recommend investing anything other than RE?? I am just looking for a stream of passive income.

@Elizabeth C.

My RE agent is smart, but I find the houses and do the math and she lets me in. Can you give me an example of thinking outside the box? Maybe I can apply that to my area

Thansk

I think you are totally right on the equity because these investors are buying places for cash. All this :play has caused a shortage. I wish I had a connection to make in another state. Im just looking for monthly net cash flow of net $300 -$400 per home. I dont care about equity but I dont want want to buy in the ghetto.

Hello All,

It has been progressively worse since I have been seriously looking the past few years to invest in some SFH's to make rentals .

• Prices & interest rates have gone up making it very hard to have any decent cash flow return with 20%.

Wow thats pretty amazing! What about the vancany rate %? Hows the economy where you are at?

Hello All,

Other investors are finding ways around this first look ( owner-occupy) clause to make offers on primary residence homepath properties, as investment properties. Do you know how they are doing this? There is a 10k Fine for this.. Its hard to get an offer in because of this..

@ Annette I wish I lived in another area for that reason. Its so expensive in Cali :/ Its hard to see a 10% return on cash here. I live in a small out about 3 hours from Siilcon valley were outside investors pay cash for these SFH and MFHs to rent.. It seems kind of stupid, because there return on case is poor. I dont understand why they do that, but it has ruined many opportunities for people like me, just starting out.

@ Mark

Na, its a sort newer home. ( built in 1996) Just a poor design. 2/3s are a least $100 less a month. The numbers wouldnt work for this one. There are a lot of 2/2s out there but I have been staying away from them. I have always heard go with the 3/2s when investing. There re-sale is better down the road.

@ Bill. I think the house is orginal, but yea it would be nice to shrink the bathroom down. I am imagining adding on to this house would be very costly.

@pam All the houses in the the neighborhood are bigger and nicer. This neighborhood was built buy different builders so the houses look a li different from each other

@Richard I did a quick pace of it. I think it was 8x10.. a Dresser and bed would be crammed. Its a legal bedroom . Its got a closet

@ Steve I know I wish I could afford better, bigger houses and rentals.. This is all I can do. With the interest rates going up. The cash flow is getting thin on this one. Do you think it is bad move? Im just starting out.

Thanks

Hi Pam,

Thanks for the reply. This is lower income city. This neighborhood is one of the nicer ones in this city. Its definitely a blue collar city. The price would be toward the upper end of the rent scale. A Similar house in the bad area of town would rent for $850 and am thinking about asking $1050 a month for this one. The top of the rent scale is around $1100

Hello All,

I am thinking of offering on a 3/2. The layout is a little odd. The kitchen and living room are large. The garage is good size as well. ( The house is 1250 sq ft) The master bedroom ( which has an attached bathroom) is small. A full size bed would take up most of the room in the master bedroom. It doesn't appear that a queen bed would fit. The other rooms a tad larger, but not much.

a) Do you think think this would turn off a lot of potential tenants?

b) How bad could this affect re-sale?

I am not sure if it is a buyer and sellers market right now..Places are not lasting at all so I have to be quick if I proceed.

Thanks

Hello,

I found a clean house with a pool. It should cash flow alright. It doesnt have a gate around the pool and a good part of the backyard is the pools, Is it bad to by an investment property with a pool? Are landlord insurance policies much higher? There are slim pickings up here in Nor Cal! The house looks pretty nice.