All Forum Posts by: Danny Kaminsky

@Russell Brazil

Thanks for the input. She’s an old family friend, and good at her job, so I definitely trust her. Sounds like this is a good situation for me, but I will definitely still be cautious

My agent has been amazing, she really works hard to advise me and show me great properties. She presented me with something off-market that she is going to list in a few weeks, and it seems like a great deal. Is it too risky to have her represent both sides? Has anyone had a bad experience with something like this?

 Good catch on the closing costs - that number is just a ballpark, and as you said, for actual analysis you should plug in Purchase Price minus Land Value for that, not just use the 80% there. I could be wrong, but I think the depreciation term got pushed to 30 years at the end of 2017, so if you bought the property before that, it would use 27.5 .

I'm sure everyone here already knows this, but you can also use Cost Segregation to speed that depreciation up substantially. Disclaimer: I am not an account or lawyer, please speak to your accountant before you tell the IRS your home will depreciate faster than 27.5/30 years

@Harish Verma Yeah I agree, a model like that would be very useful, and seems doable with some legwork. You would probably have to feed it some assumptions like vacancy, repairs, etc.

Also there is a company that does home prices much better than Zillow called AtomData, which leads me to believe it can be done. They charge around 100k a year for access to that, so really just for institutional investors unless someone else can do the same.

Sorry I just realized that was a private doc... This link will actually work

https://drive.google.com/file/...

I really like this one, a professor of mine was COO at a big REIT, and he built it and gave it to the class. Let me know what you think! I did the Refi sections myself, so no promises that those are perfect

https://drive.google.com/file/...

@Doug Elkerman @Harish V. I definitely agree with both of you, home prices themselves are nearly impossible to model. What I was thinking was more along the lines of either:

A) Rent prices, since those are less subject to the whims of desperate, emotional homebuyers (this is why a computer will never really be able to predict home prices, or at least not with modern tech)

B) Change in rental rates, or median home value, based on economic shocks that could happen, like a large employer moving in or out of an area

Not sure if these would be any more feasible, but they seem less driven by emotion

Hey all!

I’m trying to buy my first rental property now, and I would love to house hack, but I have to move to Manhattan for my job, which makes this trickier. I’m from Chapel Hill, NC, so I’ve been thinking I want to buy in that general area, but with only 30k cash it seems unlikely I’ll be able to go in with 20% down and make big improvements so I can get my cash back out. What would you do in my situation?

(For reference I have a reasonably stable, well-paying W2)

Hey Everyone! My name is Danny Kaminsky, and I am brand new to Real Estate Investing, but very eager to learn. I am currently a Software Engineer/Data Scientist at a RE Data Science firm, and I'm looking for a way that I can apply my skills to add value for a more experienced investor. Does anyone have any ideas? I'm experienced in Machine Learning, so I think it could be interesting to partner with an investor to build a competitive-advantage home price model

Hey all!

My name is Danny Kaminsky and I'm new to the Real Estate Investing world, and am looking to get started in the Jacksonville area. I'm currently a Data Scientist and I move around a lot, so I won't be able to be nearby regularly, so I'm looking to connect with someone local. I would also love to help someone with their numbers if anyone is interested, I'd appreciate the experience and my degree is in math and computer science so I'm good at that stuff.

I love talking Real Estate, basketball, and soccer (go Blues!) so feel free to reach out just to connect and chat as well!

Danny