All Forum Posts by: Hector Sapinoso

Thanks @Mindy Jensen and @William Morrison! I'm glad it wasn't just my laptop or something. 

Hello BP,

I wanted to reference back to some forum posts I had "followed" some time ago. I went to the "followed discussions" link on my dashboard, but the page that comes up only shows me the last 20 discussions I've followed. How do I get to the links for older discussions that I followed? Is there a limit on the number of forum posts that a member can follow? Thanks in advance!

Welcome to BP @John Duguid! I see you're in the San Gabriel Valley, there's a great Meetup for the Pasadena FIBI coming up, you may want to look into that. I'm a newbie and last month was my first visit there, but it was a great experience and had lots of networking opportunities.

Welcome to BP @Richard Kolostian! I'm a newbie myself, and still spend a lot of time browsing through the Starting Out and other forums. This is a great place to learn about real estate, as there are resources on so many strategies and nuances. Best of luck!

@Ammon Orchard Welcome from a fellow newbie! I'm in the process of reading Millionaire Real Estate Investor as well. I've recently read The One Thing by Keller and Papasan and highly recommend it. I read The Millionaire Next Door and The Richest Man in Babylon, and found those very helpful from a mindset perspective. I'd also check out the forums, especially Starting Out. I graduated from college a while ago, and I think it's great you're getting into real estate at your age, I wish I had done the same.

@Jack Vaughn Great post, thanks for sharing!

@Manolo D. thanks for the tips, CA does to be outside of the rules of thumb and the examples that I've seen in the book. I'm trying to expand my search within the state because in the end I'd like something that I can easily visit. However, I'm not opposed to investing out of state if the numbers make more sense.

@Francis A. thanks for the links and tips also, it's definitely helpful to learn the local laws on rent control, and rent amounts for local areas will definitely help me put together an educated guess on what rents should be.

Hi BP,

I've been reading Gary Keller's Millionaire Real Estate Investor, and I'm at the section where he discusses increasing NOI on your properties. One of the strategies he mentioned is increasing rents, and in the book he had a pretty high annual increase. I've been using a SFR deal analysis spreadsheet I pulled from the FilePlace to analyze buy and hold properties within a couple of hours of Los Angeles (where I live), mainly the Inland Empire and Ventura County.

I'm wondering what sort of rental rate increases I should use if I'm analyzing properties in SoCal, but not necessarily within the county of Los Angeles. Is 2% good? 3%?

Also, the book mentioned including annual rent increases when your tenants sign the lease. How frequent or common are multi-year leases in SFR rentals? What is a common length on multi-year leases? When I was in college, my roommates and I always signed one-year leases, but I have no experience with longer-term single family rentals.

Thanks in advance!

@Sean Dawson thanks for the info, I'll have to check that out. I've listened to Ben's podcasts and read his blog posts, so I'm sure that will be helpful

@Henry J. thanks for finding the link. 

Thanks @Max T. and @Karen O. for the clarification!