All Forum Posts by: Chris C.

If you had a good chunk of money to invest in today's market, would you invest in a multifamily syndication or a single family home?  Would you rather own 100% of a hard asset that requires more work, or a small chunk or a larger property with little to no work?

For simplicity, let's say it's $100,000.  What would you do?

Thanks for the reply. I do not know much about San Antonio other than it met my criteria to investigate. I am a property manager, but I do commercial and mostly NNN. This is my first side hustle into residential and I am quickly learning it's a completely different animal. Thanks again for the advice.

Hello.  I am working towards my first investment and I am strongly considering San Antonio, TX.  As a newbie, would you suggest new construction from a turnkey provider, or finding an existing home myself?  My goal is buying equity rather than cash flow or appreciation for a quick flip.  The idea of little to no maintenance or cap ex for the first few years is appealing.  Also, as a newbie, it is very comforting to have my hand held on the first transaction.  But I have a deep fear of being duped or ripped off by a company trying to sell existing inventory rather than solid investments.

What are your thoughts?  Also, any insights on the different areas would be greatly appreciated!

Hi. One reason I am exploring investing in real estate rentals out of state (I’m in CA) is to offset realtor commissions. Please correct me if I am wrong, but it’s my understanding paper loses from a rental can reduce your overall taxable income.

My question is, do you use this while analyzing a deal? Would a deal that breaks even or has a slight negative cash flow make sense in this situation?

The true goal is gaining equity and appreciation. Cash flow is secondary, but I do want the investment self sustaining. I was just wondering if I should be looking into markets like Austin or Sacramento (where I could elimjnate the buyer side commission!)

Thanks!

Hi. I am trying to analyze my first deal. I’m aiming for $200/month in cash flow. But the loan rates I am getting in pre-approval are about half a point higher than the proforma budgets I am seeing.

What APR should I expect? I have no debt. No mortgage. I would qualify as a first time home buyer. My credit score is in the 800's. I have about $1,000/month in excess cash flow, which I've saved up in order to make a down payment.

I feel like I should be a good bet for a bank. But the rates seem a little underwhelming.

Am I missing something?

Hi all.  I am looking into purchasing a rental through Doorvest.  My brother in law, who owns several rental homes, said the most critical part of a deal succeeding is the property manager.  Has anyone in Houston worked with Doorvest as their PM?  Was a it a good experience?  Who is your favorite PM in that area?

Thanks for your help. 

@Alex Huang. Rent control is statewide thanks to AB1482. But it still leaves room for some rent growth.

@Wale Lawal. That’s one of the markets my rudimentary research has pointed to. It sounds like Texas is growing fast. But I heard Harris county is losing people to the suburbs.

Which sub markets do you like?

Hello everyone. I’m trying to put together a budget to figure out how much money I need for a $300k investment property. The goal is appreciation and equity growth rather than high cash flow.

I get I’ll need $60,000 for the down payment. But what can I expect in closing costs (no points) and reserves to cover the period before its leased up?

I’ve got a rough idea, but I bet there are a lot of little unexpected costs I am not anticipating.

Thanks for your help.

Hi all. This is my second post. Now that I am trying to develop my criteria for market selection, I found this article fascinating.

https://www.unacast.com/post/united-states-migration-patterns-covid-19