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All Forum Posts by: Will F.

Will F. has started 175 posts and replied 907 times.

Post: Purchase an HOA Lien?(On purpose this time)

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

Tim Czarkowski
Tim were you able to purchase? Update?

Post: Business Card examples and suggestions?

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

My goal is to amass income properties. Cashflow, buy and hold, rentals, multi-units, residential rentals. I wanted it for networking.
About the "I buy houses" thing, if I find a good deal on a house I buy it and renting it out for income. But I'm also looking for apartments.
I was wondering what I should put on it.

Post: Car left in garage of property bought at auction

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277
Originally posted by Jim S:
You could "accidentally" roll it onto the street and then call parking enforcement to report an abandon vehicle. Sounds like the easiest solution if the vehicle is basically worthless.
If it was an old Viper, Rich Weese and I would be fighting over it.

I was going to say the same thing. I don't think it's worth the hassle. If the guy left it there's most likely a reason...

Post: Searching for Apartment Buildings/ Multi-Family - how do you find/compare deals

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

Thank you both.

It just seems so hard compare them apples and apples, despite being able to compare things like ROI, Cap, or Cash on cash return.

I like the idea of looking at Price per Unit. I've been looking at lots of properties some are like 12-20 units in Las vegas and texas and it still seems hard. In Los Angeles county (non rent controlled areas) I'm looking at 4-12 unit properties.

Every property I inquire about the agent will give me big spread sheets with all the rent rolls, minus expenses, etc. It just seems like so much and I'm overwhelmed.

I guess there are just so many things to check and double check, and I'm a bit nervous about purchasing a prop.

I suppose I need to just do this longer.

I thought there was perhaps a program that crunches numbers or something and maybe people have good systems.

Any more advice is welcome.

Thanks!

Post: Searching for Apartment Buildings/ Multi-Family - how do you find/compare deals

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

How do you analyze and compare different multi family properties to invest in?

I kind of understand the gist of it as far as cash flow, cash-on-cash return,cap rates, return on investment, GRMs for multi-family. But also how do you as individual investors compare different multi-family properties to each other these. Apples to apples?

What method do you use? Are there programs that you can use to crunch several properties? Do you just put a bunch in Excel Spreadsheets?

I've just been searching loopnet.com and redfin, then asking for financial statements & rent rolls. Looking at cap rates, cash-on-cash returns that allows me to compare them better. Anyone have recommendations on what they look for or where in the due-diligence process you find the most errors, or what to really look for?

Or do you just hire someone to look at them all for you and then pick one.

Post: Business Card examples and suggestions?

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

Hi what do you professional real estate investors use for cards?

Where do you purchase from? I've heard of vista print, is there anyother place you'd suggest?

I'm thinking of having professional cards and also advertising cards. For now I just need the professional cards for networking etc. Anyone have examples of what they use

Post: Los Angeles CA Real Estate Market - Does it have juice?

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

Thanks Joseph that's the sort of advice I was wondering about.

I would buy to be a landlord and sell in the distant future (or not at all when cashflow is good) 15+ years from now.

I have a few houses worth a substantial amount that are completely paid off.

Do you think single families are better investments or multi units in this market? Where would I go to look into multi-units, would it be a commercial broker?

I figure there have to be some deals out there, I mean I'm sure it's better than the mid 2000s when the market peaked? I have some ways of getting money, have lots saved up. I'd prefer to invest locally, but I suppose if the cashflow is so much better I could invest out of state. I was also thinking of Las Vegas.

Any other recommendations?

Post: SFH vs multifamily rentals- pros and cons

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277
Originally posted by Steve L.:
In my market, multi-family trade for between a 5-7% cap rate. The average single families I buy are 10-16%.

That is probably unique to a few markets.

For me, two major pros to multi-family that Chris F. missed are:
- economies of scale
- lending climate is easier (after 10 especially) in multi-family

Steve what market is it in Southern California that you're getting 10-16% cap?
~Thanks

Post: Getting started in El Paso, Texas

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

Good to hear you're doing OK I'm kind of new, but how do you like the El Paso market? Know of any trends? I'm in california

Post: Uploading images

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

flickr.com and freeimagehosting.com are good.

They give you the html and you just cut and paste them using the discussion board sample