All Forum Posts by: Madhav Chhura

@Nathan G. Loved your story may I ask where was this hoarder house that you renovated?

@Aaron K. thank you for replying and analyzing my properties!! Holding cost was suppose to be just cash I need to put aside for emergency if needed for this property. 

What would recommend the Vacancy number should be for California? I was using the standard 10%. 

Other monthly expenses are actually what the seller is currently paying for water, trash and any other utilities.

I have been reading about the statewide rent control it looks like you cannot raise more than 5% plus inflation every year, however do you know any information if you can do anything to raise the rent or or ask the tenant to move when you recently purchased a property. I try searching the forums for this and didn’t find much.

Hi Bigger Pocket Folks!! 

I am new to real estate investment. I have been educating myself on how to evaluate properties and invest in rental properties by reading books, listening to the podcasts and following the forum. I also started crunching numbers daily for properties to get better at evaluating deals.

I am reaching a point where I need some specific guidance. My goal is to invest in the Inland Empire area of California. The search began with the city of Fontana, CA.  What I soon realized that most of the properties I run my numbers have very low cap rates or are barely cashflow positive. So I am reaching out to the Bigger Pockets community to help me look at my calculation as to if I am being very conservative with my numbers which is causing me to not see much positive cashflow.

I would love to get your thoughts on why I am not seeing a positive cash flow on most of the properties in Fontana. Also are there any guides you guys recommend using to help determine what is good cap rate and cash on cash ROI?

Also, this is one of my first posts so I am not supposing to asking something here please let me know and I can remove my post. 

Here are some properties I ran the numbers on. 

Property # 1

Property # 2 

@Yvonne Chou Hi! I am also looking to start my real estate investment portfolio in the SoCal area, specifically in the Inland Empire Area (Fontana, Rancho Cuagomanoga, Ontario, Pomona). Mainly because it is a bit easier to enter the market in these areas. From my research, these cities are big on rental communities and the property values are appreciating over the years. 

A little bit about me. I am originally from Southern California but I currently live and work in San Francisco. My parents and family are still located in Southern California. I am working with a high school friend (possible future partner) and my dad to see the properties in SoCal. I try to analyze at least 1 -2 properties a day. Most of these properties are 3 or 4 unit multi-family apartment buildings. Analyzing properties by crunching their numbers has been really helping understand what is a good deal or bad. (Highly recommend doing this!) 

I am also interested in investing out of state perhaps Arizona, or Austin TX, so I have been working with few agents out of state to learn more about the markets there.  

Seeing that you are also new and trying to get into the LA market, I would love to hear what steps you have taken so far? What are your goals? I would love to chat with you to get more knowledge on what steps you are taking to get started with your investment portfolio. 

Hey Kyle, 

Nice to e-meet you. I am also new to real estate investing and from San Francisco. I have yet to write up my intro post but to give you so background. I am a Software Engineer at Argo AI. Looking to make investments in Southern California near the inland empire area, Austin or Houston Texas. I would also love to join a meetup or community to join. Will let you know if I find any.