All Forum Posts by: Golan Corshidi

@Armando Leon sounds good! I'll send you a message. Let's set something up and invite others that might want to join. 

Hey Andres! 

I'm down to meet up. I've been looking into investing out of state as well. Let me know if you want to plan something. I could ask others to join too.  

Key Kelsey! For data, I love Redfin's data center. Here is the link: https://www.redfin.com/news/data-center/

I did a basic search of the general Tucson area and here's what the chart looks like for MFR active listings since June 2020.

You can also look at other data points like Median sale price, days on the market, etc. 

In regards to demand demographics, yeah I think you'd be targeting a different group, and supply/demand has to be looked at closer. I am not sure what the demand looks like specifically, I would look at the rental market for that data and see if you can command the rents you need to make the deal work. 

Hope this helps! Good luck. 

One of the most common topics discussed on bigger pockets and other real estate forums is the decision between a property that cash flows and one that has the potential to appreciate. 

To take this further, I recently tuned in to the Bigger Pockets podcast and one of the featured guests proudly stated that they are negative cash flow but that's fine because the property is expected to appreciate in 10+ years. I know this is an extreme example but the framework is there.

I don't think making an investment decision based solely on predictions of the future is a wise decision. Some markets may not cash flow that well and I get that but to say that it's okay to be in the red for multiple years because you have underwritten the market and know values will go up sounds crazy to me.

I have only done a few deals to this point so maybe I am missing something but I would love to hear your thoughts on heavily weighing appreciation as the decision to move forward with a deal even when negative cash flows are the most likely short-term situation. 

Do you invest solely based on appreciation? If so, why? 

Hey Laura! You should be able to delete the listing and repost it. I've done it before. If that doesn't work, you can always create a new listing and put a random unit number after the address and it will show as a new listing. 

Hey @Kelli Powell!

I've found good luck using two methods to find reliable work.

1. Facebook groups for landlords: I would search on Facebook for a landlord group and search posts or posts yourself what you are looking for. For cleaners, also check vacation rental hosts Facebook groups. There are a lot of cleaners on those. 

2. Post Part-Time Job Posting on Indeed: I have posted part-time jobs on Indeed (or other job posting sites) for specific jobs and got a list of reliable workers looking for part-time work. I clarified that it was for on-call work only so it wasn't misleading. 

Best of luck to you! 

Hey Jeffrey! I operate coliving homes in california mainly but what help are you looking for? If you're looking to just stay legally compliant, I would check your cities laws regarding rooming houses. Most likely, since its owner-occupied there shouldn't be much you need to do. I would make sure your lease agreement is good. I have a solid lease template I got a lawyer to draft. Its for California but happy to share it if you want it. 

Other than that, if there is anything else you need help with feel free to message me! best of luck to you. 

Hey all!

I am a bit new to the real estate investing world and have been practicing underwriting deals.

I am looking at value-add deals that may require significant construction (ADU's, garage conversions, etc).

When trying to forecast the value of the property after the work is done, what tools/framework do you use?

Specifically, do you look at comps on the market or try to find what value would be based on the cap rate? 

Any other resources when it comes to valuing the asset after the work is done would be much appreciated. 

Hello all!

I have an opportunity to acquire a hotel/inn in San Francisco. I wanted to know if anyone knew of any tools that could be used to help forecast income/revenue. I know the vacation rental market has a bunch of pricing tools (pricelabs, airdna, etc) is there something similar for the hotel industry? 

Thank you! 

Agreed! I recently subscribed to Thesis Driven and their articles have been interesting and informative. Great for staying up to date with current events: https://www.thesisdriven.com/. Costs about $20/month though.