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All Forum Posts by: Suhaib Rehman

Suhaib Rehman has started 13 posts and replied 24 times.

Quote from @Alfath Ahmed:
Quote from @Adriana V Alvarado:

Hi everyone, I am just starting out in real estate investing. I would like to know what makes a good deal in the Bay Area, California (like in SF where I will be working) and how much money do I need to save to make the deal worthwhile? Should I start with a condo (about $400K for a studio/one bedroom) since that would be less than a single family home (800K+)? Even with house hacking with a lower down payment (which I am not sure would work if I get a studio size condo), I would still need to pay more out of pocket than what I would pay renting (I can get rent by splitting a studio with a friend for about $1200/month). Has anyone bought an investment property in the California Bay Area recently that could help strategize any ideas on how to move forward? Thank you!


 I would look to invest out of state. A lot of Californian investors are putting their money in the midwest because of the cashflow incentive alongside appreciation. I would look into markets that heavily tech-focused like Columbus and invest. There has been significant growth in the last 3-5 years, with booming business and real estate sectors. Companies like Intel, Amazon, and Google are investing here.

I personally invest here and buy about 1-2 properties every month alongside my investors. Happy to share resources like my investor package and deal analyzer.


 Hi Alfath,

Would you be kind enough to share a list of the cities/counties/regions which in your experience are better suited for investment

Thanks

Suhaib

Good day everyone, 

I am a professional engineer with a strong passion for real estate. I’m seeking one or more partners to collaborate on market research, deal analysis, and networking to build a successful business in real estate investment.

I am good at working with numbers and can leverage my analytical skills.  I am based in SF California, though I will consider out-of-state properties (else central California) to enable us to start with less capital.

If you have valuable insights as an experienced investor, realtor, or in a related field, I would greatly appreciate your advice

Regards

Suhaib

Quote from @John Thedford:

Buy a SFR in Cape Coral. 7 day minimum per the city but many don't follow that rule. Most areas there are no HOA to deal with. The cape is popular and growing. My friend owns STR there and he does well. I own annuals there and do well. I can help you find a place. Let me know.
John

HI  John. How is the market for SFH or condos in cape coral now? Is insurance rate high?


Thanks. for all the feedback. The reason I posted this question is to see if any specific areas could be improved by technology that can help you be better at your business. 
we don't live in an ideal world, and sometimes the existing tools, may be useful as we are used to using it, but they arent very optimal.

The best way to look at it is to see if there are some problem areas that you think if addressed via technology will help you be more efficient and reduce your investment risks. 

Best

I selected Tampa Fl just for reference, but I am open to areas north and south of Tampa. 
I would prefer some green areas (but should be closer to beach) so that it still is attracted to STR.

Good day everyone, 

I am interested in purchasing either a condo or a townhouse for short-term rental. I am also open to a longer rental as long as I could use this place for 1-2 months as a second home (summer or winter break). Budget at or under 400K. HOA and insurance costs as low as possible.
Can you suggest a few good cities in the FL with lower vacancy rates and close to nature/activities?

I am open to both the Gulf side or Atlantic/east side of south Florida.

I plan to travel to FL early next month and want to have some idea of good cities/regions to start with. Your advice will be beneficial.

Regards

Suhaib

Good day everyone, 

I am fairly new to multifamily real estate investment and learning this trade. It is quite complex and heavily manual and opinionative (a lot of decision comes from intuition). 

Being an engineer, I am wondering if there are areas[deal analysis,  underwriting,  acquisition, financing, or investment/funding)  where some automation (intelligent insight, reasoning, and decision support) can help you grow the business. 

Please feel free to comment here. 

Hi All,

I have been renting my 4 bed 2 bath SFH for over two years and have had many troubles with the tenant(Initiated an eviction process ). I am considering renting out to a business (to find out if this is allowed in the area),

How is your experience if you have done that. Also, how do you find such businesses looking for a lease? In my street, two homes are being used as home health care centers,

Thanks

Hi Alfath,

Are you suggesting that I should start with short term rentals first before I venture into buying land and building cabins 

Thanks

Good day everyone,

I am very interested in buying land to build a cabin(or a few for vactional renting ) as the summer getaway, must be closer to nature and quite close/to a good small town. I live in the San Francisco Bay Area. I am open to any place on the northern side of California/Oregon or Washington,
However, I am also open to any other states if I could manage the property remotely.