All Forum Posts by: Jesal Shah

Thank you @Kasey Villareal @Doug Johnson @Nagesh Pulipati @Tom Kaider@Chinmay J. for your responses. 

BP Friends, 

Finally after several years of "analysis paralysis" on different properties, I had a courage to partner up with my family members and pulled the trigger on a MF property. The property is under contract and located in south TX (McAllen area). I am excited but scared to death now. Hope everything works out.

Property is 16 unit small apartment complex, fully leased. After all expenses (including CapEx, vacancies, PM etc.), the coc return is ~8%.

If you have any recommendations on following, your help would be greatly appreciated:

1) Lender 

2) Property management 

3) Inspector

Going through due diligence at the moment...some of the articles on BP were very helpful in compiling due diligence checklist. 

I would welcome any comments/advice from experienced investors to guide me through this process. 

Thank you all in advance for your help!

Ss

@Ryan Terwilliger Thank you.

@Vijaianand Thirunageswaram Thank you for sharing analysis link. 

Thank you @Oren K. and @Benjamin Lapidus for taking time to respond. This is what I like about BP where people are willing to help others and share wealth of knowledge.

Thank you @Alexander Zurn and @Charles Nguyen.

Appeciate detailed response Alexander. I own a home but house hacking is not an option for me. With a full time job, I am not sure flipping is a good idea as rehab may demand lot of time. Ideally, I would prefer to buy a stable cash flowing property as my 1st investment and then venture into more complex projects. I realize that it's not going to be easy but I will keep at it and hopefully I will make my 1st investment soon. 

@Account Closed thank you for your reply. What other sources would you recommned to have a higher probably of getting a deal? 

Hello BP Friends,

I am just strating out and looking to buy my first SF property. While I am searching for SF properties in Houston area (which is not easy to find through MLS), I was wondering about MF investments. I would appreciate suggestions/advice from experienced investors. Here are my questions:

1) Is it advisable to start with MF for someone who hasn't done SF investment? I am thinking of small     MF property (5-20 units). 

2) How should I go about it? Where do you look for MF properties? I have been searching on                 loopnet.com. 

Thanks in advance for your help.

@Tony Castronovo Thank you. I have sent PM. 

Thanks @William E. and @Charles Fletcher

@Cedric Modoufeh   I am also interested in connecting with local broker for small MF units in Houston area. Please let me know if you find any. Thanks.