All Forum Posts by: Joel De Jesus

Hi there BP experts,

I'm a part time real estate agent here in soCal focusing on real estate investing.

I'm currently looking at buying a multi family income property in the Las Vegas area since I'm planning to visit soon. I chose it because of proximity, price for property value, and cashflow opportunity. I'm also looking to invest in other states that has a great rental cashflow opportunity.

For Las Vegas, I'm researching price history and the better areas for rental market. I know that price is not as low as back in 2011 and I wonder if the price is nearing peak or there's a possibility of a correction soon.

So the params I'm looking are:

--- 200k-250k, quadruplex or bigger, cap rate of > 7%, low or no HOA

and of course in a good rental market area. 

From what I see, a good NOI for these properties range from 18k or more.

I hope somebody knowledgeable in the Las Vegas area can share any insights if the above params are right on track? And what areas do you suggest to consider as a good rental market?

Thanks!

Joel

Welcome to BP! There are lots of resources and great people here.

Check out the podcasts if you can as well.

Welcome to BP Abel. Great people here =)

I would like to know this as well. That's my initial goal when I decided to earn my real estate license, to save on fees on my own future transactions (buy/sell).

As far as I know, as long as you disclose to the buyer that you're the agent, there should be no issue there.

I planned going but last minute work issue prevented me. Hope to meet you guys at next month's meet. Have a great weekend!

Got it. Check out this link comparing site builders.

http://www.websitebuilderexpert.com/wix-vs-weebly-...

As for tracking finance, not sure if you're referring to property management specific, if not then mint.com does it well.

Very nice refs on Cozy and Postlets, will take note of those. Good luck with all the setup.

I think Buildium and Google.Sites are overkill for what you need unless you wanted the extra features each package offers.

If you only need to file maint requests and organize important files per property then maybe a simple Google drive will do plus maybe custom rule in google mail to automatically organize your important property related emails. Just my 2 cents =)

 Hi Mike, 

Good to see people in the neighborhood here at BP. Yes, sure let's meet for coffee sometime. I'll pm you.

Joel

 Thanks David! I'll try to make it there.

Hi David, 

Yes, I'm happy with equity with both properties. I guess I got lucky with the timing back in 2003 and 2012. As for cash flow, I assume you refer to the Irvine rental. It's not much but still positive. Thing was, we just didn't want to buy and sell at the same time back then so we decided to rent it out. Problem with townhouse/condos is the HOA esp in the Irvine area. I'm considering selling it and buying a duplex/quadruplex with low HOA if possible to maximize cash flow. Nice to meet you. =)

Joel