All Forum Posts by: Jonathan Burmenko

@Account Closed Hey Chris,

My team and I deal primarily with investment properties throughout the Bay Area. Are you looking for a house as a primary residence or investment? I'll shoot you a message.

Given that price point, you have several options throughout the Bay Area depending on your strategy.

@Brad E. Congrats on getting a seller financed deal in contract!

From the numbers you have given it seems a little thin considering your high leverage with low downpayment. Depending on what your strategy is, you could simply keep it as a rental since selling too soon will eat your profit given carrying and selling costs.

Best of luck!

@Haylie Roggenbuck Nicely done, more people should take advantage of this strategy and house hack a property. Especially if they live in an expensive market such as myself.

I would be interested to see your expense breakdown in your market with vacancy, CapEx reserves, etc... congrats once again!

@Craig Salzer Congrats on looking into your first rental purchase!

The 50% rule is a great rule to follow to initially analyze a deal, as Jeff stated many listing agents either underestimate expenses or leave out important expenses such as CapEx reserves and management. Also, remember there is a price for every property that will make it cash flow. Keep looking and you will find that property!

@Todd Strong Can't access your file but what is your investment strategy, are you buying and holding? Flipping? etc... you may want to contact a local real estate agent that works with investors to help.

@Kelson Kanu Good for you wanting to learn more at an early age! 

There are a variety of ways to invest in real estate - buy and hold, flipping, wholesaling etc.., have you thought about which strategy fits your goals? I would highly suggest looking up local real estate meet ups in your market. Go to those meetings and meet local successful investors that are doing what you want to be doing.

Furthermore, be sure to use this time to keep your credit strong and start saving! Depending on your market and strategy, you will need to save more or less to invest in property the right way.

Hey Calvin,

I would agree with Chris, in our current market it is very situation dependent. We are in escrow on a 4-plex in Oakland where we just completed appraisal entering each unit. It greatly varies depending on the loan you are using to purchase, whether you are using a high leverage FHA loan or a 20% down conventional.