All Forum Posts by: Nazanin Boojar

Hello Team

I am struggling with some numbers here and would love to hear your feedback about the deal with are In-contract.

Location: Panama City, FL

Unit mix: 2 2bed 2 bath units, 2 1bed 1 bath units

Purchase Price : 920k

Insurance : 8k / year

Utilities: Waiting to hear back from Seller

Airdna Revenue: 180k/Year

Anything else i am missing as far as Expense? What are your thoughts on the Deal

Thanks

Ram

My wife and I are looking to get started as real estate investors. We live in California and it’s to expensive here to cash flow.

What's are some of the BEST CITIES in the USA to purchase SFR or Condo rental units that can still CASH FLOW?

At the moment we are considering Huntsville Al and Al Paseo, TX

But what other places should we be considering?

Thanks!

I will be graduating from college in June with no debt. I have around 60k saved up and have a job lined up. I have a couple questions.

Will I be able to get a mortgage?

Should I invest locally or oos? (located in Seattle)

If oos, what markets should i be looking at?

Hello,

I have been saving to buy my first home.  I’m looking to buy something that needs some work that I can do the majority of myself.  These types of houses are priced at 225 to 315k for the areas I’m looking in south jersey.  My biggest hold up is whether or not it makes sense to put 20% down on a 300k  house and then put another 20k or so into updating it.  With the rates now I’d plan on refinancing either way hopefully if they go down in a year or so whether I do 20% or less than 20% down and hopefully pulling out some of the equity to buy another.  I have enough saved to do 20%, cover costs of updating, and have a decent emergency fund but I’m not sure if that is the correct strategy if I want to buy a second house down the line and repeat or pay the extra $200 a month increase with putting only 10% down.

any advice would be appreciated!

Hello everyone,

I've just moved to the East Coast. My wife and I are investigating whether to invest in Oswego, Syracuse, Auburn or Rochester NY. We are looking for cash flow. We're ok if the home multifamily property doesn't appreciate a lot. I've been building and flipping for nearly a decade but I've only been a landlord a few times. Where do you recommend and why? Pros and cons?

Hi Folks!

After a long career in the IT industry I am focusing my attention on real estate investing.  However, I'm challenged with trying to make the right decision on the first property so that I can maximize what little capital I have so that I can potentially start generating enough cash flow to live on which could be as little as 50-60k per year.   I know this could be a tall order but since Im new to the game, there are likely financing options that I can leverage that "might" help achieve my goals.  I am not afraid of fix and flip but Im hoping for fix and flip to myself for passive income.  Thanks for listening.  :)   

Hi Folks!

After a long career in the IT industry I am focusing my attention on real estate investing.  However, I'm challenged with trying to make the right decision on the first property so that I can maximize what little capital I have so that I can potentially start generating enough cash flow to live on which could be as little as 50-60k per year.   I know this could be a tall order but since Im new to the game, there are likely financing options that I can leverage that "might" help achieve my goals.  I am not afraid of fix and flip but Im hoping for fix and flip to myself for passive income.  Thanks for listening.  :)   

Hi all, first-time [future] house hacker.  My wife and I are moving back to Philly and have found a duplex we're interested in, both units being 2 bed/1 bath at roughly 750 SF.

I used the BP Rental Property Calculator, which honestly I'm not sure I'm even using correctly and/or might be over or underestimating various factors.

Does this look like a good deal?  Am I understanding correctly that our effective rent would be $1,767?

Even when we move out and rent out the other unit, currently I think this neighborhood would only get $1,400 each, so according to the calculator, it would still be burning cash instead of cash flowing.

Thanks for any help!

I am new to the Tampa area and looking to buy a small multi-family property to house hack this summer. I have begun analyzing properties in the Tampa, Clearwater, St. Pete area.

Being new to real estate and analyzing properties I feel like I am still "winging it." What advice would you give to someone that is starting their process of looking at properties? Would you use the BP Rental property Calculator, or create your own Excel Spreadsheet with formulas? Are there any specific expenses that are abnormally high or unique to the area?

Obviously, the current state of the market it has been tough to find many deals in the area. Is there cities/areas nearby that you would suggest to look at for properties? Areas that you see potential growth as the Tampa market expands?

Thank you!

Hi all! I recently asked a question if I should house hack (in San Diego) a condo to get started now (I'm 22) OR should I wait until I have enough to buy a house and house hack a house? 

I only have 50k saved up now which can get me a condo, but would probably need to wait another 1-2 years to have enough to put a down payment down on a house + have enough reserves 

I'm only considering trying to get a house instead and wait because they appreciate more over time and there's more room to add value down the line - I can add an ADU to a house and won't ever be able to do that with a condo...please let me know your thoughts!