All Forum Posts by: Sippy Hira

@Pat Riley - do you know if they are going to pass similar laws in cities like Shoreline, Bothell, Lynnwood, etc?  I'd like to learn more about the impacts of this.  Would love to connect live.  I'll send you an email and maybe we can arrange a time to meet.

Sippy

@Jeff Kehl - thanks so much for the example above. Still a little confused, however, I'll leverage this formula. Where I got a little confused was at the end - what does it mean when you say "paying a 6 cap and financing at 5%" - still getting my head around all the financial components. Let me ask you this: if I'm looking at multi unit properties on loop.net, what things should I look at to even know if the property is worth considering? The listings also identify GOI, NOI, cap rate, monthly rent expectations, etc. Based on what has been shared above, it sounds like I should focus on cash flow from the rent (minus all expenses) correct?

@Ned Carey - appreciate the clarification on cap rate.  It seems like you also echo Jeff's perspective - focus on cash flow vs. cap rate, correct?

I'm trying to get my head around cap rates and gross rent multipliers.  I have a basic understanding of both, however, I've been told that for multi-family properties, I should pay more attention to the gross rent multiplier than cap rates.  Any advice on how to best evaluate if a duplex, tri or any multi family is worth investing in? What are the key financial metrics we should be looking at? Also, is a high or low cap rate better when reviewing properties?  Where just starting out in this space and doing our best to learn, but feeling a little overwhelmed with all of this information.  All advice is welcome!

@Nathan Miller - thanks so much for the advice.  I didn't realize that Seattle is taking this direction and making it hard for RE investors.  Really appreciate it!

Hi BP community. My husband and I have goaled ourselves with starting to build our real estate portfolio in 2017.  We are interested in multi-family units here in Seattle and/or Arizona with a buy and hold strategy.  We would love to connect with any investors in either location to pick your brain about how to get started on this adventure. 

A little bit about us: We owned and operated our own business for 12 years and sold it about 1.5 years ago.  We both work full time, so our goal is to purchase at least one property in 2017.  We're going to start slow to eventually go fast!

Look forward to connecting and learning from all of you!

Sippy