All Forum Posts by: Sandy Hu

@John D. The mobil home was built 2018, not on permanent foundation. It's essentially a really fancy RV on RV hookups. it's movable on a trailer, parked on concrete and on additional supports. The original owner never thought the county needed to be involved. ​

The deal involves 2 properties on one lot. Both properties are in Joshua Tree area and run as AirBnb.

Property 1: this is the main house on the lot. Last full year gross is 72k.

Property 2: the original owner put another mobil home on the same lot. The mobile home has it’s own airbnb listing. The gross for last year is 75k

After all utilities, tax, insurance & maintenance, the net is 80k.

The owner is selling both for 450k.

The main house can only be appraised for 250k. So this deal is actually 2 transactions. 250k for the main house, and 200k for the mobil home.My concern is the exit plan. When I sell it in the future, it can be challenging. looks like the numbers make sense from a business standpoint, but after all, it’s a real estate transactions.

Any opinion is appreciated!

Any investor have experience of vocational rental in big bear area? what's the experience and return look like? I'm looking into big bear short term rental market. Any information is appreciated. 

Anyone has vocational rental properties in Scottsdale? What's your experience?

There is a property in northern scottsdale I'm interested in. Purchase price 600k, currently doing STR netting 50-55k. However, the property only has 1 year STR history. I'm trying to see if there is any other issues I'm not seeing. Thx!

Anyone has vocational rental properties in Scottsdale? What's your experience?

There is a property in northern scottsdale I'm interested in. Purchase price 600k, currently doing STR netting 50-55k. However, the property only has 1 year STR history. I'm trying to see if there is any other issues I'm not seeing. Thx!

I'm asking for advice to see if this purchase make sense. It's 5-unit apartment building in OC, gross income $74340, op expense $20525, purchase price 1.1M

Downpayment: 500k

1. My input: 300k line of credit, current interest 6.25%, not fixed.
2. Seeking extra 200k

Extra 600k: seller financing, 5% 7 year interest only payment

Let's do a 7-year calculation, assuming i sell it after 7 years:

Scenario 1: 200k from an equity partner, we share the profit half-half

Expense: $18750 (let's assume my 300k is a fixed-interest loan, $18750 will be one year payment) + $20525 + $30000 (seller financing annual payment) = $69275

Cash flow: $74340-69275=$5065/year

Cash flow and capital gain after sale will be split evenly between 2 owners.

Scenario 2: 200k as a 5% fixed-interest loan with interest only payment

Expense: $18750 (let's assume my 300k is a fixed-interest loan, $18750 will be one year payment) + $20525 + $30000 (seller financing annual payment) + $10000 (200k loan annual payment) = $79275

Cash flow: $74340-79275= -$4925/year

Cash flow is negative, but capital gain after sale will be 100% mine.

Any thoughts and comments is appreciated!

From an investor's standpoint, is there any benefit being an HOA board member?

@Val Falcon, glad to connect. I'm a flipper in OC, RIV & LA. I'm actively looking for my next deal. Let me know if you have anything in your pocket. Thx.

Hey @Edwin S. ,

I have couple investment properties that are self-managed, and I also manage properties for other investors and home owners as well. Can you please send me a DM so that I can schedule a call with you or your in-laws to discuss their needs? Thx!

Best,

Sandy

Real Estate Investor, Agent & Manager

There are lots new construction in OC right now. Did any one purchase a model home and lease back to builder? Any one thought about it? I contacted couple builders for the details of their terms. Interested to see if this is an investment that makes sense.