All Forum Posts by: Kusmayadi Djunaidi

Welcome to BP Dan M. you can learn a lot from other investors here and you can ask questions if you are in need for help.

Hi Angela DeBorja,

I just went to Baltimore yesterday. To tell you the truth, after seeing the area, unless you have more experience in Baltimore and know in detail which area to look for that can get the property sold fast, It's a pretty big risk. And when you get the comps from the agent, make sure that it is under 90 days. And I would ask them how long it takes to get a property sold in the area. Other than that, you already knows how to analyze the deal, I believe.

Hope that can help.

Hi Josh Tonnesen,

Did you know what the taxes for the house are? And the insurance? And the ARV of the house? The maintenance rate and vacancy rate?

Also, if you are going to loan, what will you use? Hard money or conventional or a mix of both?

It is not about your tuition loan. If your rental income can give you some money after all the expenses (the , it can actually help you pays of the tuition loan. If it makes you lose money, you are making a worse situation for yourself.

Hope this can help

Hi Shawn Crawley,

First of all, how do you get $47,500 median price from? 

Next, I will not use median sales price for comps. If you use the median sales price, you will not know whether you fall in the highest or the lowest price of that median, that is really dangerous. Try to get sales comps instead.

What are you trying to do with the purchase? For rental or for living? If it is for living, it depends on your comfort level to pay. If it is for rental, what is the rental comps and maintenance, etc.

Hopefully this helps.

Hi guys,

In my opinion, these are the concerns that is working at C- area.

- There's more crime in the C- area. You are risking your property at risk.

- The insurance will be more reluctant to give coverage, even if they do, the insurance will be higher premium.

- You have to be careful who you put in your property, if you got people that is doing bad stuff (selling drugs, etc) you can get your property held up by the authority for investigation (just what happened to my neighbor a couple of weeks ago and the property is in B area).

- Yes, you can get a property management that will not charge for filling vacancies (even though it will be hard), be careful that they will not just put any tenant just to fill in the gaps. And you can (and most likely) get lower rent since they will not use real estate agent to market the property (believe me the free ones will not screen the tenant properly)

- Your property can also be empty for longer than other area because of the condition of the area.

- When you want to cash out, it will be more difficult to find buyers. Good investors always think about exit strategy.

- You can get more damages and maintenance cost to repair the properties from the unqualified tenants.

- The rent can either late or not paid in full. Yes, you can evict them, now eviction cost money and the tenant can just damage your property when they get evicted.

There are other factors that prevent investors to invest in those areas unless they know that the area will be better area in the future. Even then, they will be very careful in choosing the street, area, houses, etc.

Hopefully that can help.

I believe that's a pretty good deal. My calculation comes out with almost the same COC.

I'll be there.

Hi @Tony Davenport,

Welcome to BP. I'm also new in this business. However, from my knowledge, here's several things that I think you need to consider:

1. Is it a lender for specific project? If it is, then what @Gina Worsham said is what they need to know.

2. Are they going to be a partner in your business. If they do, you need more sophisticated presentations. You need to show them why invest in real estate compare to other businesses (some graphics will be awesome), and then you get into a little detail where you want to invest, why in that area, the comps with other areas, and then more detail on house prices and what profit you can get, what the ROI, growth, and what risk management that you will take, what exit strategy that you will implement (per project and for the whole business). You need to keep it short, not too many details, but really interest them. It's almost like trying to get a VC, but more simpler I believe.

I hope this can help you.

Sincerely,

Han

@Larry Fried Well,

I scheduled a call with Katie on Friday last week, I called a little early and then ask her to send me some property that they have available so that I can do some analysis and prepare some questions regarding how they work. After that, I never heard anything from the company.

Han

Hi Larry Fried,

Which company that you do your business with in Jacksonville? Is it JWB? I contacted them also. And have not getting any responses for my questions.

Sincerely,

Han