All Forum Posts by: Ratesh D.

Hi, looking at a 6 unit multiplex in San Jose where rent increases are capped to 5% annually. 3 units have ~$500 below market rents which makes it hard to make the properties break even (esp in the current interest rate environment) even at 5.75% CAP. Am I obliged to renew a lease? Any other thoughts on how to raise these rents? Thanks.

@Jay Hinrichs What size lots are these? Thoughts on lots in Oakland area given they're closer to SF/East Bay?  

Thanks all. Dave Foster I think timing could be an issue as sales timelines can be erratic. They are all rentals.

Hi, I have several Single Family homes that I am thinking about selling and buying a multifamily. I want to avoid any taxes on the sale and have read about 1031's which make sense for selling a single property for another, but does anyone have advice on how I might accomplish this with several properties to sell? Thanks!

@Jay Hinrichs wonderful project and thanks for sharing. What drivers did you see in that area that made you take the risk?

Also, how do you manage building across the country? 

@Zab Khan What are your build costs for the 1500sq ft and how long would it take you to build it, get planning etc?

Thanks everyone. I will start there. 

I've seen a number of side by side duplexes in the Bay Area for sale and am wondering if they could be split and sold as separate properties like a row home. They currently have one parcel ID but 2 completely separate entrances. How can I find out if it's possible and how to do it? Has anyone done it in any state? Pro's v Con's?

Thanks!

Thanks everyone. Much appreciated. 

@Jason Bott Will call you. 

Does anyone have insurance broker recommendations for single family in Milwaukee for out of state investors? I have a few properties there and seen insurance premiums jump significantly because I am not local so keen to explore alternative options. Thanks !