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All Forum Posts by: Sippy Hira

Sippy Hira has started 6 posts and replied 25 times.

Post: Determining where to buy a multi-family

Sippy Hira
Pro Member
Posted
  • Professional
  • Bothell, WA
  • Posts 25
  • Votes 9

@Michael Ealy - thanks for sending the article. Will definitely take a look at this. I know a few folks above mentioned reviewing census.gov for this type of data aswell. What resources do you leverage to inform information on jobs and growth opps? Are you open to discussing more about investment opps in OH - would love to learn more about what you've been doing (I was wowed by 1,000 units!) and pick your brain further! 

Post: Determining where to buy a multi-family

Sippy Hira
Pro Member
Posted
  • Professional
  • Bothell, WA
  • Posts 25
  • Votes 9

@Jason Tressler -  I haven't explored Indianapolis - but have heard Midwest is a great place to invest. How long have you been in this market?

Post: Determining where to buy a multi-family

Sippy Hira
Pro Member
Posted
  • Professional
  • Bothell, WA
  • Posts 25
  • Votes 9

Thanks all - some really great suggestions and food for thought. I'm going to take what you've all shared and put a plan in place - ie. look at census data, determine where the job growth/opportunities are, rent population growth trends, and start doing some deal analyses through the BP calculators. I think I need to get comfortable understanding what a good deal looks like, regardless of market. 

Post: Determining where to buy a multi-family

Sippy Hira
Pro Member
Posted
  • Professional
  • Bothell, WA
  • Posts 25
  • Votes 9

@Brock Mogensen - thanks! I think this is where I’m getting a little confused. Price points are different in different markets so we’re trying to understand what’s a good entry point. Any thoughts on that? How did you determine where to invest?

Post: Determining where to buy a multi-family

Sippy Hira
Pro Member
Posted
  • Professional
  • Bothell, WA
  • Posts 25
  • Votes 9

@Taylor L. - Hi Taylor. Thanks for the words of wisdom! I see that you’re here in WA aswell. Do you invest locally or out of state?

Post: Determining where to buy a multi-family

Sippy Hira
Pro Member
Posted
  • Professional
  • Bothell, WA
  • Posts 25
  • Votes 9

@Greg Dickerson - thanks! I’m sure that’s very true but i hear about people picking up properties for way cheaper in other markets than Seattle. I do feel like it might be better to start here since we’re in WA - and I’m sure we can find a deal if we look hard enough!

Post: Determining where to buy a multi-family

Sippy Hira
Pro Member
Posted
  • Professional
  • Bothell, WA
  • Posts 25
  • Votes 9

@Erik Hatch - that makes sense! Are there specific sites you leverage for this information?

Post: Determining where to buy a multi-family

Sippy Hira
Pro Member
Posted
  • Professional
  • Bothell, WA
  • Posts 25
  • Votes 9

Hi All - I've been a BiggerPockets member for a few years now with the intent of starting my real estate venture 3 years ago. Well, it didn't happen, but we just did our first investment through a syndication group in October (YAY!!). We would like to purchase our 1st multi-family in 2020. We are open to out of state investing, but are trying to figure out how to determine / narrow down what states are options for us. Would love any guidance/food for thought on this. 

Thanks! 

Post: In 3 words, describe your 2017 Real Estate goals

Sippy Hira
Pro Member
Posted
  • Professional
  • Bothell, WA
  • Posts 25
  • Votes 9
Finish my REI business plan Educate myself on the financials Build my network Buy my 1st multi unit property :)

Post: Cap Rates and Gross Rent Multipliers

Sippy Hira
Pro Member
Posted
  • Professional
  • Bothell, WA
  • Posts 25
  • Votes 9

Thanks all for the great information above. I'm going to take the next few days and review all of what you've shared.  I might be back with additional questions!