All Forum Posts by: Leslie B.

@David McKeever, interested for a lot of the reasons mentioned above, including rail transportation connections to Sac, the Bay Area, and maybe more in the future. Like @Thor M., I do not know the area well myself. 

@david what do you see as the pros and cons of stockton? What areas do you like and dislike for the rental market there? 

I can't seem to tag her, but Gloria Mirza posts in the stockton forum discussions sometimes. She is an agent and also an investor in stockton. I haven't worked with her, but like what she contributes to posts and will contact her when i am ready to purchase something in stockton or bay area. https://www.biggerpockets.com/users/gloriam1 Sorry for the bum posts before, iphone safari doesnt work great for the BP forums.

thank you for the ideas @Ryan Gillette and @Jacqueline Carrington

What do you look for when choosing property insurance for a multifamily property that you will not live in? What do you look for when choosing property insurance for a multifamily that you will live in?

How can you determine if a property will need special insurance, such as flood insurance?

When considering a property for investment in a new jurisdiction, what methods are folks using to determine/estimate the costs associated with water, sewer, garbage, and other utility costs which will be covered by the landlord? 

Is this something that can be determined/estimated easily and accurately before talking to the seller?

By what unit of measure do you estimate by (per bedroom, per unit, per square foot)?

Thanks, @Account Closed. An FHA multifamily is sounding good. Bigger Pockets seems to really like the move, and I've been convinced. Would love to hear more of your story. Will PM.

Congratulations on that step! I hope your offer is accepted. I'd love to hear more about what you are doing. I'll PM you later today. :)

And thank you for the Oakland tips! 

@Jeff B. While reading the article, it started to appear that the LLC makes sense after you have a couple of properties. The article went on to argue the same thing.

According to what I have read elsewhere, at a couple properties...that is also about the place that conventional lending starts to become more challenging and portfolio lending and private financing options start to be a better fit. Seems like it all starts to fit together well at that point. 

Thank you, @Tatyana Shevnina! That article exactly covers what I am weighing, and my personal situation is/will mirror the authors. The impacts of the LLC on the down payment, mortgage/capital gains write offs, and cost of business are significant, plus I can see making mistakes in setting up the LLC as so much of the process is new all at one time. The FHA approach is sounding very good.

I am eager to read through the comments, too. The article generated a lot of discussion. 

Once again, a little bit of Bigger Pockets has gone a long way to influence and focus my vision. :) Thank you!