All Forum Posts by: Ryan Daniel

I recently read multifamily millionaire but he doesn't really describe how to run comps on small multifamily other that ask an agent/or BPO's. I'm under the impression that its ran similar to single family homes and like cap rates for the large multifamily. There's not a ton of information about this topic so i'm just curious on how investors are running their comps on their small multifamily investments. 

Additional questions. I don't have access to the MLS to run comps. And asking an agent to run comps on 50 properties a day isn't effective. Is there a way around this? If so, how are some of you running ARV's everyday without asking an agent for multiple favors a day? How are you running comps on off market deals when not using an agent?

Hello!

When is everyone transferring their titles to their LLC's? I heard Brandon talking about how he uses private money, rehabs, refinances, and then transfers the title to his LLC. But how are investors getting around the due on sale clause?

Thanks for the insight! :)

Hello All!

Just moved to St. Louis Missouri and purchased a house hack. Looking for good recommendations for Real Estate CPA's in the area before I start googling. Also would love to connect with any other local Real Estate professionals in the St. Louis area.

Thanks,
Ryan

Hello I am part of SCV as well! would love to receive meetup info and network!

I have VA home loan that I want to utilize here in LA, and I want to get some different inputs on how I would analyze a VA home loan deal that will serve as a rental down the road. I am approved for 650 from my lender and my initial thought is to buy in a good area/neighborhood that will appreciate over the years. My plan is to house hack and rent out the rooms. I have considered multifamily, but all the multi families here in LA for 650 are usually in really bad areas or neighborhoods. I also have really considered ADU's, but ADU strategy requires a lot of money unless I can find a home that can easily be converted with the original square footage. So my main thoughts are to invest in an amazing neighborhood with a house that I can add square footage, add beds/baths, update, etc. I know how to analyze BRRRR properties, fix/flip, etc. But I was just wondering how anyone else would analyze a home with a zero down owner occupied home loan in an expensive market.

Also would you cinder any other creative financing options?

Thank you!

Hello!

I am a real estate investor and I'm looking to buy an outdated single family home in a nice neighborhood with a detached garage in Los Angelos CA using a VA home loan. Since it is a VA loan, I plan on occupying the property. I plan on turning the detached garage into an ADU and using it as either a short term rental or put a tenant in it. To fund this process I want to use a hard money lender to pay for the rehab and then cash out refinance in 7 months to pay the hard money lender back. How I am analyzing deals in this expensive market is ARV-Fixed Cost-Rehab cost=max offer. My goal is to obtain an appreciating asset in CA and decrease my expenses by house hacking and using the adu as a short term rental or rent it out completely.This is the first time I'm doing something like this so I have a couple questions.

1. How much does a adu cost with an existing structure?
2. If you had VA home loan, would you consider something else in LA county?
3. Should I be analyzing any additional cost?

4. I don’t know what I don’t know. Please give any beneficial advice regarding adus!

Thank you!! :)