All Forum Posts by: Steven Smith

Thanks @Ned J. and @Kevin Christensen

Currently the rents are way below market. I had planned to slowly take those up. All units have been rehabbed, (kitchens, bathrooms, floors) and the roof replaced 10 years ago.  Not sure how much multi-family units appreciate Carmichael, CA.  

Currently the expenses are what's causing the negative CF (Trash, sewer, water), plus the very high taxes.

Thanks for your replies.  

Hello Everyone. 

I'm in the process of closing on a 4 unit building in CA in which I will live in one of the units. I will be raising rents about 8% since the current owner hasn't raised rents in a long time. Even if I eventual move out and make it investment property, I'll still be negative CF of at least $200 to $300 a month. I know that BP has guidelines about cash flow being the driving force in buying investment property. 

Would this still be a good investment since equity would grow from rents collected? 

What are your thought?

Thanks everyone!! 

Thanks @Thomas Mattausch, @Lane Kawaoka, and @Antoine Martel for the welcome. 
Antoine I may be definitely interested  in martelfamilyrealty.com, but I think I still have quite a bit of learning still. 
I get more excited with every sentence  I read here on BP. :-)

Hello everyone, 

My name is Steven Smith and I am from Castro Valley, CA. I currently work as a Systems Engineer for my company. 

I'm very very new to real estate investing. I just recently found this site a few weeks ago and have really enjoyed the great info BP provides.  I've decided to go all in and learn about real estate investing instead of thinking about it. 
I'm want to learn how to find, analyze, and buy good rental properties outside of CA (It's too expensive here). 
I'm very happy to have found BiggerPockets!!