All Forum Posts by: Kunal Lakhwani

It is a 3bed 1.5 bath single family 

Purchase price: $152,000

20% down: $30,400

Closing costs: $2500

Monthly rent: $1295

Monthly cash flow: $250 (after mortgage payment, property taxes, insurance, 5% vacancy, 5% repairs and maintenance, 5% capEx)

Looks like a good deal to me. Since this is my first ever real estate investment, looking for another set of eyes to look at this, and an expert opinion.

As the bay area housing market does not seem to slow down, I am looking to buy a duplex or single family w/ADU as my primary residence for supplemental income.

As such houses are in high demand and few to come by, I am also considering a single family with a potential of building an ADU in the backyard.

1. Has anyone recently built an ADU in bay area? Can you share your cost/experience/contacts?

2. Any agents who can help me find such homes, please feel free to contact me on BP.

3. Share recommendations for agents/contractors.

Thank you, for helping me out in this overwhelming process.

I am looking to get into Joshua Tree vacation rental market as well, and would like to learn more about the same.

Hi Kathryn, did you get a chance to work with them, or heard more information about them? Interested to learn more.

I had a intro call with them recently, and interested to know if it is worth the membership cost, time and capital.

@Zach Lemaster email sent!

Hi @Zach Lemaster  how can I schedule a call with you?

Thank you @Joseph Crunkilton and @Zach Lemaster for the advice and resources. I will check them out!

I live in California, and as most know, the initial investment to entry in real estate investing is quite high.

My goal is to build a portfolio of buy and hold properties for passive income. Looking at starting with a turnkey with single or duplex and gradually transition into BRRRR with multi-family as I get comfortable.

I am looking at Texas and willing to put a 20-25% upto $35,000. I am not hooked onto Texas though since any place outside of CA is out-of-state investment for me with similar challenges. 

What is the best way to shortlist the market that works best for me, and find a good realtor for that market?