All Forum Posts by: Ryan Scott Isacksen

Good morning, the people that hosted didn't upload the video in a way that was manageable to distribute, but I do have the audio.  I uploaded it to my google drive account so that I can send it to the people that had commented.

I started messaging those that expressed interest with the link, but the BiggerPockets system put a halt to messages.

Email me if you would like the link: [email protected]

This is audio only.

The organizer gave me access to the separate video files.  Let me see if i can put something together into one video.

Hi @Kevin Zhang, this was information for people about how the financing worked on purchasing a residential multifamily place (2-4 unit).  Once the recording is ready from the organizer, I will post it.

I will certainly share as soon as I have a way to share it.  The organizer is aware that there are people here on the BP forums that are waiting to see it.

While people are messing around with rent control, maybe it can be changed so that tenants at a certain income level don't qualify like the other housing assistance programs. 

Hi Michael,

Yes, this is going to be recorded. 
I will get details on how to share that with you. 

Thank you

I am speaking at this event, but am not the host. 

This event is designed to educate people considering purchasing a house to live in about the option of buying a small 2-4 plex to begin the process of investing.  There will be presentations by speakers offering some guidance in different areas including Real Estate, Tax Planning, Lending, and Property Management.

The host of the event requests an RSVP from people planning to attend: http://bit.ly/HouseHacking

Thank you @Account Closed, you are right.
I will post in a general area so people are more aware.

@Jenna V. - In reference to a group, there is the East Bay Rental Housing Organization: https://www.ebrha.com/

Oakland apartment owners:

Mandatory retrofit for soft story buildings is coming down the line, so planning for how you want to deal with that large project is something to start considering.  Soft story is when you have large openings like a garage or commercial space that has less support structure than upper floors.

https://www.eastbaytimes.com/2019/01/02/oakland-re...

California Apartment Owners: 

There is also the requirement for balcony inspections that is starting up throughout CA, similar to the ones in Berkeley.  Any building with steps or balconies over 6' will need a structural pest inspector or contractor to inspect. 

http://www.ktvu.com/news/gov-brown-signs-balcony-inspection-law-following-deadly-berkeley-collapse

I would suggest reading "The Wealthy Code" and taking a serious look at where the properties are.

The SFH isn't an ideal rental and the community here knows that.

Are these homes in a market that has large amounts of appreciation or volatility? 

Are they valued much higher than when you purchased them?

You should understand your market and plan to exit at a high point since cashflow isn't a big concern to you.  People typically have to develop cashflow in one way or another to support a greater appreciating asset that will likely cashflow a lot less.

My personal home, purchased in 2013 for around $340k sold for around $610k in 2018 in the Bay Area.

I have purchased some cash flowing properties, but have few expectations about that amount of equity change over time.  The income they produce will not be equivalent to that money gained from market appreciation.

You have your personal income as that cashflow to support equity investments IF they are an appreciating asset.

A Dave Lindahl quote I heard was, "Cashflow makes you rich, appreciation makes you wealthy."

Figure out if they have the potential to grow significantly in the area they are in.  

Raise the rents to support the building more if possible.

Sell if you aren't expecting a lot of growth.