All Forum Posts by: Carlos Ptriawan

I don't understand why adding a kitchen is a big deal. It's not too expensive and I think the city is doing the right thing. I think you are lucky enough that the city is willing to legalize the converted garage.

My advice is to join a private investor group where there is no Sponsor (unlike BiggerPockets) in the group. Study and learn the track record from more senior Investors. For example many investments on CrowdStreet these days are underperforming. Not too mention, an investment under one Sponsor can yield a very good return while their other investment is underperforming.

What we need is a kind of audited-Yelp-like Syndication track record performance that's available in public before Investing.

I am doing both. Buying OOS at the same time building duplex/ADU in Bay Area. The priority is of course the one that you live in (Bay Area). Each unit in 4plex in Bay area will cost you $450-$550K. You can rent the other unit for $2500-$3500. For me it's no brainer since I acquired the property in 2009 so my only cost is building cost.

This is very simple math actually, whenever you live, always live in multi-unit. The rest of the money, you can Invest in anything (from Cleveland SFR to hard money loan investments).

Or you could always buy a cheap condo in Bay Area (~300-400K) and invest in Cleveland.

Is HBG downtown considered C class ?

There're Indonesian living in the US that has an investment house in Bali so this idea is not new. The most RISK you have investing in Indonesia is actually Currency depreciation because it's always volatile. Also if you want to invest, invest in Bali only as it's very tourist-friendly. Regarding property law, the gov. is more open and less restricted to foreign investment. I remember few years ago the Bakrie group has hotel development in Bali has guaranteed income programs if you invest in of their hotel in Bali.

A few weeks ago I saw a resort ground-up development in Lombok, island next to Bali, the return is 20% CoC. Seems pretty good as well.

Although cap rate is usually correlate with CoC but it's not always the same because of different property tax. You could use cap rate with SFR, in fact that's what Roofstock Cloudhouse Calculator does and you can enter any SFR address in the country and get immediate result of cap rate and CoC. Another thing to look at is GRM or gross yield. Usually, the cap rate for a particular set of house within neighbourhood/state is the same. I usually compare the CoC with the comps of cap rate/CoC as for comparison to understand if the deal is good or not.

Another thought process that I went thru:
- If you've accredited Investors or even QP, why do you need to stick with MF Syndication anyway since what matters most is a return of Investment. You could do non-MF Syndication or non-RE investment (Alternative Investments) that typically bring better IRR and few are having with better risk-reward value because they could be more resilient to the economy.
- if you want better deals with MF Syndication, join SPV to invest at the most sophisticated MF Syndication or NNN. Or Invest through crowdfunding (although some of the sponsors are not that great).
- But even for the top syndication's investment return, the return can be matched with non-MF Syndication such as note or HML.
- Even then, syndication return can be matched if you find good deals by buying direct MF/SFR.

@Daniel Mendez and not real estate agent is the same  :-) Luckily we've good source here in BP

@Oren Kachel I explore from Harvest ,Madison until Meridianville..actually there're bunch of homes. The nicest home is actually in Meridianville but math is not too good for a rental.

Thanks Thuy. Jason is excellent agent :)