All Forum Posts by: Anja Brey

Thanks everyone for the great comments!

Hi BP community, 

I am new to real estate investing and would like your input on a property. SF and duplex on the same property, $199,900 Listed at Price, 4 Beds 3 Baths, 1,814Sq. Ft., Built: 1954 Lot Size: 8,276 Sq. F

Here is additional info:

The owner wants a "subject to" offer and is not showing the property before an offer as the tenants - as I understand it - don't know about the sale. 

Unit 1 Bedrooms 1
Unit 1 Full Baths 1
Unit 1 Rent $ 525
Unit 1 Apx Sq Ft 510
Unit 2 Bedrooms 1
Unit 2 Full Baths 1
Unit 2 Rent $ 525
Unit 2 Apx Sq Ft 510
Unit 3 Bedrooms 2
Unit 3 Full Baths 1
Unit 3 Rent $ 785
Unit 3 Apx Sq Ft 794
# of Stories 1 Story
Total # of Bldgs 2
Total # Indiv Units 1
# of 1 Bedroom Units 2
# of 2 Bedroom Units 1
Total # Leasable 3
Total # Leased 3
Source - Rental Info Accountant, Owner
Expenses Include Accounting, Management Fee, Trash Removal, Utilities
Total Deposit $ 1835
Gross Annual Income $ 22020
Total Op Expenses $ 3120
Annual Utilities $ 4711

I put some numbers in the rental property calculator, but I am not sure whether I did it right or not. My outcome was that the expenses are the same as the income.

Photo shows the SF. Duplex looks in similar. No inside photos shown. 

Any input is greatly appreciated! I was told that the owner received a couple offers. 
Thanks, 
Anja

Hello, 
If you purchase a house that comes with tenants, is it common to have them sign a new rental agreement with your conditions? Or do you have to wait until their lease is over to do so? 
Thanks!
Anja

Thank you, @J. Martin

Hello, 
We are currently looking for a buy and hold investment in the SF Bay Area. Can somebody give us input on the Pro and Cons of renting to Section 8 tenants? 
Thanks, 
Anja

Hello
We are looking for investment properties (SF/MF) on the Bay Area Peninsula. Properties should fulfill the 1% rule or better, and the 50% rule. We are also interested in commercial properties (5+ units). 
Real estate agents (who sell properties on the peninsula), experienced in or better specialized in real estate investing, feel free to contact me. 
Thanks, 
Anja

Hello BP Community, 
I would like to learn more about "subject to" investing. I am looking for an experienced "subject to" investor in San Francisco or the Bay Area that I can shadow though a deal. If you can also teach me about wrap-around mortgages in addition, even better! 
I can offer professional tree work or project management in return.
Anja

@Joseph Zanazan @Jeff S. Thank you for your advise!
Joseph, I just used the web page you shared and found the lender I am currently working with. She is licensed and has no disciplinary actions listed. 
Anja

Hello BP, 

I am looking for my first mortgage and I am wondering if it is better to work with one lender, or with different ones at the same time and use the one who gives me the best deal? 

What are the advantages and disadvantages? What is the effect on my credit score? 

Thanks a lot! 
Anja

Hello, 
I am looking for an experienced realtor in San Francisco who can help me find a 3-4 unit investment property. 
Anja