All Forum Posts by: Rahim Kakar

@Gary Barella

Care to elaborate?

@Elliot Galpern

Do you mind me asking what county and state you are in? In my county (Contra Costa) CA love auction prices are so high it’s tough to imagine it being worth the risk. I’m planning on checking out other counties in the next few weeks.

Hubzu is ridiculous with the 5% premium and the only ones that are “good deals” need some sort of cash for keys or eviction processes.

Have you experienced eviction problems with live auctions?

What about a resource to be sure you are buying the only lien and not a one of many liens? Can you trust a preliminary title report the day before auction date?

Has anyone had any experience with auction.com or live courthouse Lien bidding? I know someone that worked with hubzu before & it seems to me like the deals are better through hubzu than auction.com or courthouse steps.

Your thoughts?

@Joshua Lidberg

Glad I asked, HOA health is huge. I need to expand my search to single family as well and see if it makes sense.

Hello all,

I’m trying to get my foot in the door with lenders & I read a good way to do so is to offer doing BPO’s.

Can anyone advise on how to start doing BPO’s for banks? Where to sign up etc?

Thanks!

@Theresa Harris

HOA budget is not something I considered. Thanks

@Ed Matson

My math adds up the same, a B or C condo will double the cap rate as single family from where I have been looking.

@Ellis San Jose

Thanks for the advise, I have not been considering Single family because 1. outside of my cash budget and wanted to avoid lender fees, future refi fees etc. 2. I don’t see many locations within driving distance to the Bay Area CA where I can expect a cap rate of more than 3% but in the lower end Condo in a C area I can get to nearly 7%.

Am I missing an area?

Hello everyone, 

I’m looking to purchase a condo unit in the Sacramento area CA. 

Would you recommend buying at the lower end in an area with section 8 renters and getting the rent guaranteed? Or spending nearly double for a nicer area and renting to non section 8 tenants? 

I’m planning on buying cash, long term (hopefully never sell)  just to create some cash flow. 

I like the idea of condos and paying the HOA fees so I don't have to worry about big ticket expenses in future or high insurance rates, but I'm open to advise.