All Forum Posts by: Hector Naranjo

Congrats Jeremy! I'm new here and it's really exciting hearing these success stories! I'm looking forward to my first deal.

How would you go about finding if an area is A,B,C or D?  Is it normally, the higher the chance of clash flow, the lower the chance of appreciation? and vice-versa?

 Net Operating income I understand, but how do you know what is a good cap rate for the particular area your looking in?

2-4 units.

I want to start analyzing multi-family deals, what tools should I go for? Are there any free tools? or are there some that require a monthly pay but are worth it to purchase? I keep hearing Branden saying to analyze, analyze and analyze again and I get it. Now I just need to know which tools to begin with?  I noticed that there is additional info available to agents that are not readily available for the public on zillow or realtor.com, anyway to access this info?

@john havel

yes i actually purchased the property for myself to live in but life took a turn and i ended up renting it out. I actually sold the property in 2015 for 495k and thankfully without planning for it made a little under 100k. But this time around I'm trying to educate myself. I need to find those 100k properties in California.

Hey Josh,

I'm also new and I would not know how to answer your questions, really more interested in someones response. But what I could say is I purchased a home in Buena Park, CA in 2011, and I rented it under section 8. I bought it for $360k, with a $20k down payment and my monthly mortgage plus PMI was roughly $2300. I ended up getting about $1900 (half paid by section 8 and half by renter) so I still had to pay the difference. My home was a 3 bedroom, 1.5 bath and about 1400 sq. feet.

So in my little experience section 8 didn't cover my full costs, and it made me think that maybe you can get more away from section 8.

Hey Chris,

Well not sure if there is much value in my response here as I'm new here and my only real estate experience was buying a single-family home in Buena Park in 2011 and selling it in 2015. But I would say to have faith in what your doing. I have heard from a lot of people saying that Real Estate is forgiving and the fact that you are taking action is always a good thing. I find myself sometimes looking into too many things at once, trying to learn everything and I end up not doing much with it. The greatest advances in my life happened with decisions that pulled me out of my comfort zone. You will do great, and even if something didn't work out as planned, you are sure to get some experience you cannot learn from watching youtube videos.