All Forum Posts by: Sevak Gasparian

HI all, I just got my first out state property under contract from a wholesalers in Dayton Ohio but i'm unsure about my ARV. There are no recent comps, my plan is to buy and hold. If anyone in the area or surrounding area is experienced i'd love to pick your brain and see if we get to the same conclusion.

I'm a R.E investor in CA and a wealth manager so if i in return can help add value to anything please let me know i'm happy to help where i can. 

@Drew Cheezum hi Drew I have a property in Dayton Ohio under contract from a wholesalers. My an is rehab it and rent it out. I can't find any recent comps in that area, I was hoping to pick your brain a bit to see if my ARV is somewhat accurate. Its my first out of state inveatment property.

 thank you i'm actually curious as to how these leases work and the mechanics behind it. Got anything you can share?

Thank you Julio, it's an amazing place with so many resourceful and supportive people, I honestly did not expect this! as a side note I read your article in Forbes on leasing out rooftops to carriers for their 5G technology, and I have to admit it's a very impressive approach to generate passive income and value on commercial buildings! I work in the financial world, specifically asset management for high net worth clients and 5G technology companies are a big part of a lot of people's portfolios since a lot of people believe in it as THE future of communications- and this article only reinforces that belief, I actually have a lot of clients who own commercial buildings in highly populated areas such as downtown Los Angeles etc- I will share your article with them- so thank you for adding that article to your profile it's definitely a great conversation topic!Thank you Julio, it's an amazing place with so many resourceful and supportive people, I honestly did not expect this! as a side note I read your article in Forbes on leasing out rooftops to carriers for their 5G technology, and I have to admit it's a very impressive approach to generate passive income and value on commercial buildings! I work in the financial world, specifically asset management for high net worth clients and 5G technology companies are a big part of a lot of people's portfolios since a lot of people believe in it as THE future of communications- and this article only reinforces that belief, I actually have a lot of clients who own commercial buildings in highly populated areas such as downtown Los Angeles etc- I will share your article with them- so thank you for adding that article to your profile it's definitely a great conversation topic!

@David Alberts banks usually give preferred pricing of you have an existing deposit relationship so go to your bank first. Remember heloc rates are not fixed. They're based on prime rate + a margin- margin rates will differ from bank to bank and the deposit relationship you have.

@Yoann Dorat thank you all my practice is paying off second one was bought for 450k and selling for 580k

Driving around really helps find incredible opportunities

@Jonathan Greene hi Jonathan this is a great point. Question for you as a cash buyer what's the first thing you look for in properties. Im new and have a couple deals under my belt- and have another under contract but my buyers isn't as big as I'd like it to be, so trying to figure out what i might be missing that I'm not presenting to buyers about my properties

@David Alberts hi David i worked at a bank for years and a heloc is a strong tool. The beauty of this line of credit is you only pay on what you borrow so you can have the line of credit open and ready to go and borrow when you're ready or have property that makes sense! Usually you'll have to pay an annual fee of 50 to a 100 a year for the line but all the closing costs are taken care of by the bank

@Taylor Hall hello i have some knowledge. My mother in law had one and we sold it. 2 year process learned alot. Let me know what you'd like to know

@Idris Haroon there is alot to unravel here, im an FA ill give you some of my thoughts.

First thing is RE and the market are two seperate beasts. First look at your stock protfolio to see how diversified you are. ( cyclical vs counter cyclical stocks etc)

2. Look to see how much you could borrow against your portfolio in case RE takes a dump and you need to get some short term cash

3. Break down the numbers of your homes and cash flow to determine how bad it can really get and make adjustments to prepare as much as possible. You can't predict the future but you can prepare as much aa possible

Hope this helps!