All Forum Posts by: Daigo Kurosaki

Hi BP,

I'm starting to look for properties in West Los Angeles (Culver City/Mar Vista, etc), and I found an agent who seems decent, but she's asking for "Exclusivity" no matter what I buy.

This is the first time I've worked with a Real Estate Agent that is asking for exclusivity (I purchased 3 properties before)... and although I'm happy to buy through her on anything she shows me, I don't want to be boxed in if I find something else one day in a totally different area (potentially from another Realtor).

Is asking for "Exclusivity" normal? This is the first time I've heard of it. She does seem to brag about how she can get investors deals and her RE/MAX team is #2 in the nation, but if someone is worth exclusivity, they better be damn good in finding me a deal...

I'm just concerned before I sign any papers. 

Also, if anyone knows any honest, investor-friendly agents that have 10+ years experience in the West Los Angeles market, please feel free to PM me.

As of February 2015, what do people think of the Las Vegas market purely for buying rentals? 

I see quite a few SFHs for <100k, but not sure if there are still good deals, or if I'm just looking in the wrong zip codes...

Would love to hear your thoughts @Joe O @Phillip Dwyer @Robert Adams @Tiger M. 

Hello BP,

Fairly amateur RE investor here, but I've been looking at buying some rental properties out-of-state. I had a question about financing, so here's my situation:

I'd like to buy up to 2 properties (both being <75k), but the last 1.5 years ive been trying to get my own business going (which hasn't taken off), so it basically looks like i have not been working. 

However, I do already own two properties (both are cash-flowing positive ~400 a month for 2 years), and prices for both properties appreciated from when I bought them (2012) by the following:

-condo has increased from 120k to ~220k (put 25% down)

-townhouse has increased from 220k to ~350k (put 25% down)

I also have ~60k saved in the bank. I will file this year for ~30k on taxes.

Is it possible for me to buy 2 more properties with my 1.5 years lack of work? 
Anyone have any advice on what options i might have available to me?
Would I qualify for decent interest rates anywhere?

I would put 20-25% on each new property, so I would need to borrow ~120k. Just curious to see what people think on my likeliness of getting a loan, and what I need to do (if anything) to get a good rate. I'm 26 y/o and single.

Thanks in advance for helping an amateur!

Hello BP, 

I'm going to buy my first out-of-state rental property (MFR), since the numbers don't make sense for where I live (Los Angeles).

However, I'm so afraid that I am going to be scammed and lose all my money, that I'm afraid to pull the trigger on a deal. 

I have this irrational fear that I could buy something from someone who doesn't even own the property, or some buyer/seller agent are both scamming me, or that I buy a "lemon" that isn't even really a cash-flow positive property. 

I've met some agents online and through BP, but why on Earth would they want to offer ME a good rental property? Aren't there others just lined up to buy it? Or why not sell to their own company? Am I crazy or did I just win the "rental" lottery?

I'm definitely new to out-of-state RE investing, so if anyone has any tips/checklists of things I need to do to verify an agent/deal, please let me know. It might just give me the confidence I need to buy :)

I'm going to be using an RE Agent to look for some properties out-of-state, and I've been bombarded by quite a few people who have properties to show me.

a) What are some questions I could ask an RE Agent to verify if they are competent/experienced in the market? 

b) I know that agents profit if they sell stuff, so how do I figure out if someone is just trying to sell me something, or if it's a rental property that actually is cash-flow positive? 

c) What can I do to mitigate me buying a "lemon" rental property?

Hi all,

I am looking to buy a SFH in Vegas and then rent out reach room separately to young, working professionals that have (relatively) stable employment. I was wondering... what area is easiest to find people like this to rent to?

I'm from Los Angeles, so I'm just trying to figure out what area I should focus on, to make it easier to rent out. 

What # in the picture above is highest in demand for renting?

it will be very, very difficult to find a triplex in LA/Hollywood that you can house-hack and live rent-free in. LA market already has a high premium inputted into it

I'm looking at this from a purely rental perspective (not planning on living in it). 

Here are some things im interested in:

a) positive cash-flow from day1 (hopefully profiting at least ~500 a month)

b) property hasn't rebounded completely from 2006 price

c) easy to rent to young corporate professionals (i'd like to rent out each room to a different person)

d) keeping property for 15+ years, hopefully selling with appreciation added) 

e) Great PM company to run it - not really interested in living/managing it

f) buying for <200k 

Hope that helps!

Thank you @Marco Santarelli  - this is a great start to what I was looking for!

Do you have any thoughts on the health of LV from a rental perspective? Is there still room for good COC rates with SFHs? I've been really tempted to get into the MFR arena, but it seems like Vegas is heavily concentrated with SFHs.

Would love to hear some of your experiences with a few of your better properties. Also, is there any expense that I need to add to my calculation for NV properties... that's significantly different from CA investing? 

Also, I should mention... since I am interested in buying an MFR, and vegas doesn't seem to have any available, I would probably be looking to buy an SFH and rent out each bedroom to a different person.

Would love to hear more on what communities might be best to find young, working professionals that won't cause too much ruckus.