All Forum Posts by: Sayantan Satpati

@Dave Foster Thx so much for explaining this in great details! 

Ok. In this case I was planning to use the entire proceeds from the sale in to the existing property. Also, the price of existing property is more than the one I will be selling. 

Hi, 

I have a property A (rental) and property B (primary residence). I am planning to buy a new primary residence C, rent out B, and sell A. However, selling A would mean paying taxes on capital gains. Is there a way I can use 1031 reverse exchange and use the proceeds after selling A to pay down a part of the mortgage in B?

Thx @Ryan Wamsat and @Blake Edwards. 

Likewise I am unable to make the math work within 2-3 hrs driving distance from Bay Area in terms of cash flow. 

Hi All,

I am a newbie trying to make my first purchase (Buy & Hold). I am looking for a multifamily (up to max 4 units). Since I am based out of SF Bay Area, I can't purchase locally due to a high barrier of entry.

I am interested in nearby areas such as Modesto, Tracy, Stockton, Sacramento, Roseville etc, as long as it cash flows. I don't want to bank on appreciation alone. Would love to connect with investor friendly agents and/or whole sellers (in Brandon's words!).

I am equally interested in out of state properties (Midwest?) and any help or information there is welcome too.

Any help to get me started is much appreciated!

Regards,

Sayantan

@Kim Heinrich Can you share the names of some of the areas that are cash flowing well, and also the criteria list? I am a newbie currently doing similar research and trying to narrow down on cities.

Hello Everyone, 

I am a newbie to both biggerpockets & the world of REI! I accidentally ventured into REI when we bought a new home in North Cal / Bay Area, and rented out the previous one. I feel it has worked out due to pure luck (appreciation wise), even though it has a neutral to slightly -ve cashflow. Now that I am thinking of buying an investment property for cash flow, I feel I need a much deeper understanding of the domain. I have started reading up as much as I can from the biggerpockets forums, listening to podcasts, and currently reading "Rental Property Investing by Brandon Turner".

Looking for some advice around:

1) What are the cities I should be looking into? I am unable to make the math work for properties in CA at this point.

2) Once cities are shortlisted, how do I find the right properties? I am currently using Redfin/Zillow for finding Multifamily properties. Is this the right way to go?

3) The book talks about buying a property for 20% discount, and by adding 5% it should appreciate by 10% in 1 yr. Further, every unit should have $200 cashflow. Is this followed to the letter and/or possible in this market? I am biased by North Cal markets obviously.

4) How do I create a team or build those connections so that I can invest and manage from a remote location?

5) And many more...

Any suggestion/advice/comment would really help me get started on my journey as I continue to accumulate knowledge in this area.