All Forum Posts by: Kirt Sangha

Hello everyone, I'm currently using the burner app for phone numbers but noticing that they go to spam likely very quickly.... sometimes even come up as spam right off the bat when getting a new number. Anyone have any recommendations for other apps/services??

Currently calling: 5-8 hours per day // Avg 6-8 contacts per hour// spam number drops it to 2-3 contacts per hour

Hey! Are there any agents that are having consistent success with listing expired's and fsbo's? What are your models? 

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What's up everybody! Ima get straight to the point! I have been a realtor for just 2 years and last year was okay but I didn't get into real estate to become a realtor. Investing and wholesaling are something that really interest me and I realized thats what I want to spend all my time on. So I am just asking if there is anyone in the LA or OC area who does wholesaling full time and with consistent success that can help guide me in the right direction. I'm 21 years old and have all the time in the world to give wholesaling my everything. I want to find the best deals in LA and OC! Where should I start???

I focus a lot on the West Hollywood, los feliz, LA area's!

Hey whats up everyone! I have a couple questions for my realtors/investors in LA. Can you guy give me some tips on how you find off-market deals!? Prices in LA are obviously very high but how are people picking up properties for 500k-750K and building units on the land? Most properties I see on the market are going for 900K +!! Im still pretty new to real estate but my goal is too pick up single family properties ideally zoned LARD1.5 and build some units on the land and sell or hold. How would you suggest I get started with finding these properties with motivated sellers?   

Hey Guys, I found a duplex for sale that I'm thinking of buying. It has structural damage, I'm waiting for the report from the agent. Asking Price:500K and trying to get it for $475K Annual Rent: $32,160, I don't have the annual expenses yet. There are two detached homes 2/1 and 1/1. The 2/1=900 sqft ($1,440) and the 1/1= 540sqft ($1,240). What I'm thinking about doing is making them both into 3/2 1,100 sqft each and the market rent is $2,500 for a 3/2 which would put it to $60,000 gross. The AVG CAP in the area is 4.94%. I am using 15K for expenses (if you have a more accurate number let me know) which would put us at $45K- NET. Then flip it for $835K which equals to a 5.3% CAP. PP=500K ADDITION+landscape+Repairs+closing costs===$140K So ALL in 640K. There are some comps selling in the area with Gross Incomes of around 30K for mid $700's. A triplex with 43K NET is active for $950K. What do you think?

Hey Guys, I found a duplex for sale that I'm thinking of buying. It has structural damage, I'm waiting for the report from the agent. Asking Price:500K and trying to get it for $475K Annual Rent: $32,160, I don't have the annual expenses yet. There are two detached homes 2/1 and 1/1. The 2/1=900 sqft ($1,440) and the 1/1= 540sqft ($1,240). What I'm thinking about doing is making them both into 3/2 1,100 sqft each and the market rent is $2,500 for a 3/2 which would put it to $60,000 gross. The AVG CAP in the area is 4.94%. I am using 15K for expenses (if you have a more accurate number let me know) which would put us at $45K- NET. Then flip it for $835K which equals to a 5.3% CAP. PP=500K ADDITION+landscape+Repairs+closing costs===$140K So ALL in 640K. There are some comps selling in the area with Gross Incomes of around 30K for mid $700's. A triplex with 43K NET is active for $950K. What do you think?

I'm located in Orange County, CA, I plan on building MF 2-3 stories. The complex next door is also two stories with 23 units on half the lot. Sold for $4.7 with an NOI of $215,516// EXPENSES: $133,883// GROSS: $349,399. Total lot 24,394 sqft and 15,873 sqft building. Another Property sold across the street for $2.325. 11 units// 7,567 sqft building// 19,602 sqft lot// NOI: $107,012// EXPENSES: $47,788// GROSS: $154,800.

Hey guys, I have a quick question. I am a new investor who is looking at a possible development deal, something I have never done before. I want to be able to know the whole process and package the deal up so I can take it to my investor to fund. What I have no idea about is how much it will cost me to construct my whole project from start to finish including permits, plans, tax, fee's, etc. The deal costs $1.5 million for 3 adjacent homes with a total lot of 49,000 sqft (R3 zoning). I checked for comps in the area and the neighbor had a 23 unit apartment building that he sold for 4.7 million. The property was on a 23,000 sqft lot. His NOI was $215,516. He was charging $1,495 for each 2 bed/ 1 bath units. If my math is correct his complex has a 4.5 Cap Rate. I did some research on apartment buildings and found out that the value is determined by the cap rate. So based on his property and one more across the street with a 4.3 cap rate I should be able to build at least 46 units? And since it will be a newer constructed complex we should be able to get around $1,750 per 2/1 unit. So 1,750x46=80,500x12= 966K GROSS. I have no idea how much expenses would be so I'm using 375K as a random number which comes out to 591K. If I decide to hold the property and get it appraised in a year or two will it be valued at 14.0 million with a 4.2 Cap Rate?