All Forum Posts by: Jasraj Singh

Reach out to a commercial real estate agent that is a commercial in your area and see if they have costar access. This will help. Also calling around to PMs to see what vacancy rate they have.

Alright! thanks man! but should I call the the property management company around me or the property managers in the apartments around me who are already managing the place?

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Originally posted by @William Garcia:

@Jasraj Singh

Greetings Jas

I'll usually include gosection8.com in my analysis.

You can register for free and add an address of a prospective property w/ # of BR's

It then spits out local radius, 2 mile radius, then town and county for general numbers. I find it pretty useful.

Great! thanks for letting me know!

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Originally posted by @Joe Villeneuve:

Originally posted by @Jasraj Singh:

Originally posted by @Joe Villeneuve:

Resource to rents from any number of sources...including your agent. Cash flow is a simple formula using real numbers...not estimated numbers based on arbitrary percentages. Don't be lazy, be accurate.

Rent - all monthly expenses you are responsible for = cash flow

Responsible expenses: Mortgage, insurance, taxes

just saw your message! thanks man! I can calculate cash flow now by estimating numbers but is there a way I can analyze rents of a specific market without an agent?

Get rental comps from Rentometer. Ignore their averages. Just take the numbers that are closest to the property you are analyzing, or the micro market. Group the rents together by streets. The rents will form a checkerboard pattern. When you look at a specific property, use the rents within the same micro market, or "squares" on the checkerboard

Thanks a lot for responding! I'll keep that In mind!

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how to analyze vacancy rates of an area while doing calculations? I'm a little confused about how to find out vacancy rates of a specific neighbourhood while doing calculations for a property? I really need to know

1 Vote

Originally posted by @Joe Villeneuve:

Rent - all monthly expenses you are responsible for = cash flow

Responsible expenses: Mortgage, insurance, taxes

just saw your message! thanks man! I can calculate cash flow now by estimating numbers but is there a way I can analyze rents of a specific market without an agent?

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Originally posted by @Stephen J Davis:

Get your agent to run the comps on the rents when they give you the comparable sales.

just saw your message.

Alright! thanks man! but is there a way we can anlyze rents in a specific market?

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Originally posted by @Barb Asay:

@Jasraj Singh

You can get 20% cash on cash. You can get 50%. You can get infinite, no cash in the deal at all. You can also go bust.

It depends on the individual deal, the market you’re in, your experience, your ability to add sweat equity...

Alright!Thanks a lot for responding man!

Really appreciate it!

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Originally posted by @Account Closed:

Originally posted by @Jasraj Singh:

Originally posted by @Account Closed:

Originally posted by @Jasraj Singh:

Originally posted by @Account Closed:

Originally posted by @Jasraj Singh:

Originally posted by @Account Closed:

Originally posted by @Jasraj Singh:

I really want to know how to analyze a market or neighbourhood in which I'm investing, I'v talked with a lot of people about how to analyze a housing market but I still didn't really understand so I thought this place would be the best option to find. I just want to know how to analyze like how to find out if the demand is high, how do you know if homes are selling fast, how to find out if demand for property in any area rising or falling or how to find out if a neighbourhood is hot or not, I've discussed with a lot of people and they recommend me to use city-data.com which is an excellent website to know about the market but even in that website I don't know what to look for like if the population is 20000 in a city is it good or not or what it should be or what should I type in google to know about a specific market or place?

It depends on what kind of investing you want do. You have choices of single family rentals, short term rentals, vacation rentals, lease options, commercial, townhouses, high end rentals, low end rentals, rehabs, duplexes, fourplexes, apartments.

Give a little more information of what your ideal investment is and we can offer some guidance.

Thanks a lot for responding!

Sure! I am looking for a duplex and then I want to renovate it and sell it for a profit and for even better profit I'll put some tenants and then sell but mainly I wanna start with flipping.

Okay, now we're getting somewhere. Flipping is best done within a 30 minute drive of your home. It requires time and attention if you want it to be profitable. You have to have contractors if you aren't handy with a hammer, you need to buy well below what you will sell it for, you have to be able to accurately estimate what it will eventually sell for, you have to consider acquisition costs, rehab costs, carrying costs, selling costs, prepare for 6 months on average from start to finish, you need to know about title reports, appraisals, escrow, lenders, insurance, sequence of rehab lists, "oops" surprises, market changes, level of finish, what other rehabbers are using for materials, and realize that contractors don't always show up or finish what they start. Then you begin your search for the perfect duplex to rehab and sell. If you are going to have tenants you need to know landlord tenant law for the area you are investing in. All of that is learnable. Now, do you have an amount in mind that youould like to make on this project? I might be able to fill in the gaps so you can start looking for the ideal project.

Just saw your message.

Thanks a lot for responding!! this is very helpful! I really appreciate it! but how do you get to know about the landlord tenant law for the area? Yes I currently have $100000-130000 that I can spend.

Actually, what I was interested in knowing is how much would you like to MAKE from your project? We work backwards using that number to determine how much you need to have and how much of a house you need to buy.

Okay! alright! I would prefer a property with 15-20% cash on cash return. That I think would be better cause after renovating and getting new tenants I'll sell the property within 1-2 years and in those 1-2 years I would like to get 35-40% of my money back that I've invested in the property plus the profit from selling. Do you have any suggestions?

Well, you could be a hard money lender and get 15% more safely than doing a fix & flip.

Or you could use this technique https://www.biggerpockets.com/...

Or maybe this https://www.biggerpockets.com/...

Alright! so what's the issue? like is it difficult to get 20% cash on cash a year?

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All Forum Posts by: Jasraj Singh

Jasraj Singh has started 33 posts and replied 294 times.

Post: Does laundry machine company pays us for using their machine??

Post: how to analyze vacancy rates of an area while doing calculations?

Post: How to find out what's the rent or cash flow in a specific market

Post: How to find out what's the rent or cash flow in a specific market

Post: How to find out what's the rent or cash flow in a specific market

Post: how to analyze vacancy rates of an area while doing calculations?

Post: How to find out what's the rent or cash flow in a specific market

Post: How to find out what's the rent or cash flow in a specific market

Post: I really want to know how to perform market analysis?

Post: I really want to know how to perform market analysis?