All Forum Posts by: Rohit Sengupta

 Hi Ed - the last unit is a four bedroom apartment and right now 3 of the bedrooms are rented out, individually in one year leases.

I have a 4 unit property - 3 units are rented out with standard leases, and the last unit is leased by the room. Can someone recommend a DSCR lender who will lend in this situation?

Hello - I am the majority owner (over 50%) of a property held in a LLC. If I am applying for a hard money loan, what participation will typically be required of the minority holders? Will they also get a credit check? Will they be required to be present in front of notary for signing?

Thanks for the advise Mike - I will take a look at your article. If you have written anything about your move into syndications I would love to read that as well. 

I have been a SFH investor and I am thinking about investing in multifamily (commercial 5+) in the first half of next year. Does anyone have tips for a first timer making that change?

Mainly I am thinking about if I should risk using 1031 exchange funds from the sale of one of my SFHs for a down payment or if I should wait until I have cash. If I were to use 1031 exchange funds obviously the timeline is tight, so I may have to use temporary financing to close the deal and then refinance. Any insight or sharing of experience would be greatly appreciated. Thanks!

@Raj Ramachandran - I live in Walnut Creek and am very familiar with Pleasanton/Dublin as well. I can tell you that I agree that Hayward is a good investment based on location and pricing. The reason why Walnut Creek and Pleasanton/Dublin are more expensive is because they are low crime areas with good schools, also when you go there the feel is completely different from Hayward. For example Walnut Creek has two Whole Foods, Neiman Marcus, Maserati/Bentley dealerships and tons of restaurants in a walkable area. Pleasanton has one of the top school districts in the state and has the offices of a few large software companies. Hayward feels more like an industrial area and does not have many areas where you would take a leisurely stroll.

All that being said, although I do own a rental property in Walnut Creek and mostly invest in Sacramento, if I were to invest in the East Bay today I would pick Hayward or Pleasant Hill when considering ROI. Based on the fact that you work in SV and need a place to live I would definitely pick Hayward.