All Forum Posts by: Sal Zafar

Thanks John - I did reach out to them immediately. But like others they are way over priced on their listing. I am not finding the middle ground or investors. Either they are Hi-Fi/topnotch which present nice/slick presentation package backed-up by investors OR, way below, garbage Multi-families properties.
Let me know if you know anyone else... :) 

I am ready to make a transition from SHF to Multi-Family and wondering where can i find 24 to 36 units small buildings. Loopnet is not effective-- I haven't come across loopnet brokers who are not responsive in decent properties unless if it's really bad property, I usually get the responses. 
Looking into 100 miles radius of Austin-land area. 

Any feedback or property info will be greatly appreciated. 

Thanks
Sal 

Hello All - 
Wanted to know how someone should look into hiring good VA. Any specific core fundamentals? I must-haves in hiring VAs? I am not been successful in vetting process. Any feedback would be greatly appreciated.

worst thing is, they manipulate and present incorrect info mostly COMPS to show the value add and send stacks of pages as a supporting documents to investors. I personally caught local wholeseller multiple times using incorrect info on his deals and worst thing is, person was angry at me because I wasn't buying it from him Lol , some Nerve. From them there are other fish in the sea and as far as there is a demand bad wholeseller keep selling. And yes they target newbies. Sad thing is, investors are  keep buying properties from them and I am wondering how they (investors) are doing? 

Hi just wanted to see how other think on the scenario.
If someone has 4 rental properties in good B class neighborhood. Is it a good good idea to sell them off now and reinvest into smaller $40k to $50k free and clear older houses  (obviously bit far) and collect ~$600 per house or hold on to them for ~$250 month CF and sell them in next 10 years?

Knowing everyone has d/f situation, but increasing in property tax shrinking monthly CF in good B class areas-- which makes me ask this question. 

Thanks
Sal 

I have couple of rental SF properties in the Leander. Your number doesn't justify the ROI. This property has to be around $180k or bit less in order to get decent +ve cash flow knowing property tax is kept increasing every year.

@ David Lvy - does any bank from your list do the commercial loans for 8 units? Thanks! 

@Michael Lerch -word of advice. Please be careful with the area W.S. Do your due diligence and cross check with the Real Estate agent before making any decision. They tend to be really pushy and used incorrect comps to make the quick sale. 

Go Austin!! :). 

Round rock is getting out of hand. Properties which never been sold because of it's condition are selling it with full or may be higher than asking price. Outside investors are killing it here. What they are not understanding that rents are not really matching with the sale price. Even whole sellers are putting artificial inflated numbers incorrect COMPS from next two streets increasing the value of the property-- I personally notice that, since i have MLS access. Sad thing is, outside investor are not understanding all that. They see under $200k sell price and just jumped on it.