All Forum Posts by: Robert Seltzer

Thanks for keeping us posted on the progress here.   Affordable housing has its role in community development; however, most people have a complete misconception of what it means to be a landlord.    There is this image of everyone being a "Donald Trump"  when in reality this is actually a really tough business.  Thanks!

We have multiple rentals in Elk Grove and San Jose.   For all Elk Grove properties the tenants pay for water.   In the case of the Sacramento properties it is a bit more mixed and dependent upon how much competition you have in the neighborhood where you own your rentals.

Finding deals is much harder than a few years ago. In many cases the SFH valuations are not too far off from pre crash levels.

We have a number of properties in Elk Grove and Sacramento.  Feel free to send a college request.  

What are your investment goals?  And I would need significantly more details on the property before I can even offer a framework for how to analyze this deal.  

I agree that your question is rather open ended. Multi-family is all about the cash flow you can generate from the property. Typically the CAP rate and cash flow are lower with A/B vs. C level properties. The trade off is that with a class C property you will typically need to investment your cash flow back into the property itself as they tend to be older buildings. My advice is that the mechanics of of doing the calculations are rather straight forward. More importantly is understand your investing goals.

Running the numbers is the first step.  I like the acronym TUMMI -- Taxes, Utilities, Maintenance, Mortgage and Insurance.   Look at each category and understand your strategy for addressing each item.  You are on the right track in asking about the tax obligation as each category will have different timing and cash flow impacts on the property.   Good luck!

HI Jasmine.  If you send me an email I can provide a few names that I interviewed and provide a reference to the agent that I work with on several transactions.  

I like your goal setting approach.  I think that the idea of buying something every year is a good disciplined plan that will result in long-term success.   I also have property in both Sacramento and Texas.  Good luck!

What zip code (s) correspond to Oak Park / East Sac?