All Forum Posts by: Harsh Garg

I am an RE investor based out in Orange County, however new to STR, I am looking to buy my 1st STR in Joshua Tree, YV or the 29 Palms area in next 60 days. Any investor-friendly agent recommendation?

What are some of the pros and cons to consider while starting a career in commercial vs residential real estate?

Hello Folks, 

I am an investor from CA, planning to invest in Las Vegas Market and building a team. So far I have invested in San Diego and Houston market in last 7 years.

looking for recommendations on Property Management and real estate agent who can immediately help me to acquire multi family/SFH homes. I am looking forward to learn market dynamics from you.

Thanks

Greg

No HOA, Just one building in C class neighborhood, completely rehabbed. 2 of the condos are qualified as Sec-8

7 Condo - (5 - two BD Unit and 2 - one BD Unit)

Purchase Price - $350k

Down- 30%

Loan- 245k

100% Occupied

Annual rent- $48,360

Expenses

\Vacancy(5%) -  $2418

Annual Mortgage Payment(12*1241) = $14892

Annual Property Management(6%) ~$ 2902

Total annual Expense($7776+2418+14892+2902) =  $27,988

Annual Net cash flow =  $48360 - $27,988 =  $20,372

Return on Cash ~19%

Thanks

Garg

Hello BP members! 

My name is Harsh(NOT AN ENGLISH WORD!) Garg and I am an investor from Corona, CA area. I have experience in San Diego, and Houston market(mostly single family homes). So far I have done 7 deals in last 5 years and it was a great learning experience. I brought my first condo in San Diego back in 2008, and since than almost a deal every year. I work full time in technology industry and my goal is to create 100k passive real estate income by Dec 2021. my goal is to retire in next 7 years.

I am looking for Fourplex(12% Cap rate or more) or multifamily investment(min 12% cap rate) within next 4 month. primarily in Florida, GA and TX area.  In order to achieve my goal I am aggressively looking to expand my portfolio(Rental properties) from 3 to 15 by Dec 2018.

I am here to connect, learn and build my network with other investors, and Real estate experts. This is an exciting place and I look forward to more discussions with all of you.

Thank You!

Harsh Garg(AKA Greg)

Can you please email me the details?