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All Forum Posts by: Gyanendra Gautam

Gyanendra Gautam has started 1 posts and replied 7 times.

Post: House Hacking in Sacromanto

Gyanendra GautamPosted
  • San Jose, CA
  • Posts 8
  • Votes 2

@Gordon Cuffe I have a pre approved loan for $300,000 with 5% down payment.

@Pratik P. Great suggestion. I might reach out to you for further details. Thanks in advance!

@Account Closed I agree with you. My current plan is to get a decent SFH live there for an year and then put it on rent. Key thing would be the numbers so the I can rent out the rooms for entire mortgage payment with positive cash flow.

Post: House Hacking in Sacromanto

Gyanendra GautamPosted
  • San Jose, CA
  • Posts 8
  • Votes 2

Hello BP!

I am in the process of moving Sacramento, CA from San Jose, CA.  I was wondering if there is any advice/guidance out there for the area for fist time home buyer. I would be working from home so there no specific area constraint.  I'm also looking to possibly house hack my way in so I'm looking for areas and any methodology tips as well. 

Thanks,

Gautam

This looks good as the calculations shows more than 12% cash on cash ROI

Post: New Member from San Jose, CA

Gyanendra GautamPosted
  • San Jose, CA
  • Posts 8
  • Votes 2

@Justin,

You can found the details about the local meetup here: 

https://www.biggerpockets.com/forums/521-events-and-happenings

We have an event tomorrow evening in San Jose.

Post: Is your primary house an investment?

Gyanendra GautamPosted
  • San Jose, CA
  • Posts 8
  • Votes 2

@Rahul, 

I totally agree with you. I am looking for to buy my primary home early next year.

Thanks!
Regards,

Gautam

Post: New Member from San Jose, CA

Gyanendra GautamPosted
  • San Jose, CA
  • Posts 8
  • Votes 2

@Sanjeev, 

It would be great if you can give us some number about the ROI one can expect to practically achieve here in Bay area.

Post: New Member from San Jose, CA

Gyanendra GautamPosted
  • San Jose, CA
  • Posts 8
  • Votes 2

Hey Scott & Justin,

I stay in Milpitas, and I also joined BP recently. I also plan to purchase one property early next year.

It would be great if we can help each other by sharing our experience to accomplish our goals.

Thanks!

Gautam