All Forum Posts by: Kumar Gaurav

Hello

I own a multi-family out of state and moved to ca due to a job change and have been contemplating about investing in East Oakland

perhaps by doing a 1031 exchange.

How is East Oakland from a cash flow perspective? appreciate inputs from experienced members here.

Thanks

@Jonathan R McLaughlin

Thank you!!

@Jonathan R McLaughlin

With little more effort I can increase the rents at most by 200 increasing the total per month rental income to 6600 that would mean replacing my current tenants (whom I am quite happy with)with new tenants.i foresee a high appreciation in next 5 to 10 years but it's a speculatiive (with some educated analysis based on current trends) my biggest worry now is managing rental property remotely .

I guess it makes more sense to sell now if I end up breaking even

I

@Sam Shueh

Per month mortgage + property tax is 3400 I will use calc and check

Thank you

Hello,

I own a owner occupied three family home

and contemplating on whether to sell or hold due to a recent job change out of state. This was my first real estate investment that I made a little over two years ago.Its a 15 year old home with hardly any maintenance issues so far,

(I will probably need to replace the two HVAC units as they got old however they are still in great working condition.)

1)I bought the home at $750k with 20% down payment.

2) Property taxes at $1000 a month

3)Home insurance about $150 a month

4)Other utility costs around $200 a month

5)I already paid off up to 60k principal

6)There is lot of potential for appreciation in the near future but let's discount appreciation from the analysis.

7)Once I move out the total rental income I will make on this property is $6000 (@ $2000 per unit)

Is this a fairly decent cash flowing property? please help me analyse if I should sell or hold?

@Jason Lee

I paid 750k for a three family with 20% down and 3.5% rate of interest it fetches me $2000 per apartment making a total of $6000 in rental income.Insurance around $150 a month and another $150 for utilities.

would it still makes sense to sell?

@Tony Lin

Thanks Tony I will consider 1021 exchange.

I have one question though,when I buy can I buy under an LLC as an investment property?

@Taylor L.

Thanks is redfin a good for selling

Hello,

I am considering selling my owner occupied

three family home due to a job change out of state.While it's a decent cash flowing property there are couple of drivers that is making me lean towards selling 1)it is a hot sellers market

currently and 2)the hassle of managing property which is in East coast from West coast. Appreciate few selling tips from the experienced members also given this was my first real estate investment I would also like to know any pitfalls that I need to be aware of while scripting the contract.

Thanks

Thanks

Hello,

I own a multi family (owner occupied triplex)

In NJ but recently had to move to CA due to a job change.I bought the home little over two years ago but I am very confused whether to sell it or hold.Appreciate input from experienced members here.

Thank you