All Forum Posts by: Elizabeth Goff

@Yan Kang cap rates in California are low, 4-5% in general range. That's why many California investors go out of state. That said this does not include appreciation, so total ROI really depends on your assumptions there. And of course state taxes are high too which is another drain.

Curious as to why you’re interested in SF?

@Connor Farrelly I have two duplexes in Detroit and we back bill the water (split it 50/50). I tried just increasing the rent but it was too high for the market. You would think that people would take into account the extra cost of paying their own utilities, but doesn’t always happen. I think better to charge them separately vs baking into the rent. But really depends on the market.

I went on a tour with the owner Kelly a little over a year ago and was very impressed.  I found her to be very professional and smart, and was very pleased the level of work.  Stylish and to a good level of detail --  felt like most of the upgrades were done to a 'retail' level and not just a 'rental' level.  I did buy a property from her, but it actually wasn't one that she rehabbed (due to the area I wanted to buy in).  She didn't have property manager capabilities then, but she has since acquired a company.  I would not hesitate to buy from her (and in fact might buy something this year!)

There is another thread on this topic that you should check out.  Just search Strategy Property (or Properties) and you should find it.

I like RWN.  I've invested in a couple of syndications, bought a house from their Cleveland affiliate (loved them) and used their Detroit affiliate for a property rehab (disaster) as well as management of another property (fine).  Overall I strongly believe in what RWN is doing, but as an investor you just need to do your due diligence on the affiliate for whatever particular market(s) your interested in.

@Ravi Singh I've sent the info to your email!  Thanks.

Thanks all for your interest.  I've emailed or PM'd you with the information requested per your requests.

@Chad Skop are each of the units 2600 sq ft for 5200 sq ft total?

End of cul-de-sac unit in a fairly new (2007) townhouse development.  I am selling a duplex --- 2 adjacent townhomes where each tenant pays all utilities!  Nicely constructed and well-maintained.  I have been the only owner, and am only selling to free up some capital for other projects.  Longer-term tenants in each.  Property management in place at 7%.  

Rents should be taken up by at least $50/mo total in the fall to be in line with market.

Now is the time to get into the hot Dallas multi-family market!

Prefer cash buyers (who doesn't!?).

PM me for more details.

@J. Martin look forward to attending again!  I went to purchase my ticket again and see that there are VIP tix.  Couldn't find info about these vs regular tickets.  What are the added benefits?

@Fern Goldhar I personally would stay away from duplexes. It took me 5 months to rent out my top unit, and it was nicely rehabbed in a nice area (East English Village). There are a lot of rentals out there and people seem to prefer a SFH, even if they have to pay a bit more. And note that you also have to pay water and sewer, which I estimate at $80/mo for a duplex.