All Forum Posts by: Sabi Const

If there are multiple homes on a large property, I would go for the same color scheme with minor tweaks at most (such as trim or accent colors). The concern that I would have is if prospective renters see a house that is available in green and there's another that isn't available in earth tones. Also the same color scheme makes the property took larger IMO.

Getting to know the tenants and their habits is very important. Just because they are paying market rents or that they are keeping the place nice isn't enough. What if they cook food that has a strong smell, play music louder, etc... Anyone can pay market rents, it about getting the right type of tenant than when/if you move out, your property will be worth more because of the people you have living there. That's my thought about taking on existing tenants.

Steven Primiano I'm interested in the NNJ area. Let's talk about opportunities.

Basically the OP's question is where are prices going over the next 24 months vs possibility to increase income and/or reduce expenses. That's a tough call considering the changes in purchase laws for international investors and valuation of currencies.

I would decide based on expected holding timeframe of the property. If there is a distinct chance that you will hold this property long term, lock in generationally low rates now. Of course, the property has to be able to provide cash flow rather than banking on appreciation (learned that from a previous post). :)

Sorry to say that either your coach is a very nice person or sounds like he needs the money and is willing to take less per month. For the little that I have been on bigger pockets, I am very impressed with the genuineness of the members and the multitude of information. Once people become successful, there should be a moral percentage that they should give back. I know, without a doubt, that I would and will do so in RE just as I have been doing in my current occupation.

Are there any requirements to getting the real estate license such as being sponsored by an agency or can anyone do it?

Hi everyone - thanks for taking the time to read my post. I am interested in your thoughts about multifamily investment properties. I believe that cap rates are important and cash flow is king. My thought is that constructing a new multifamily property will be more attractive to renters rather than offering an existing 'older' unit. Also, the expected overhead should be less because of using new materials. Is there another way to think about this? Also, regarding the financing aspect - what is the most effective and efficient way to go about it? I have not yet contacted any banks for lending options but have heard down payment requirements of anywhere between 10-30%. Thank you for your time and look forward to your comments.

Are there any areas where you all might suggest are on the upside with good schools and gentrification?

@Bill Devola

You are very right about the speculation on appreciation of real estate in areas of gentrification. The foreign investments have started to lessen and the price of real estate has certainly began to feel the effect. 

The hesitation in making such a large investment decision is the illiquidity around it. 

Just spoke with an agent who mentioned that the best option is to buy land, even demolish a home and build a large multifamily building using a construction loan...

@Account Closed - the specific goals are to purchase the first income producing property which will pay for itself and raise rents appropriately for an built in inflation factor. I am not sure where this will go but what I would like to see is that the property pays for itself, appreciates so that I can take the equity and purchase more. Goal down the line is to have around 20-40 "doors" producing income.