All Forum Posts by: Ellis San Jose

Plus tax advantages & possible appreciation.

An agent who is also an experienced investor & also promotes themselves as wanting to help investors is extremely valuable. Understanding the numbers, lending differences & pitfalls.

The majority of real estate agents cater to the person looking for a home to live in. Their criteria & support needed are completely different.

There is no "pricing" advantage using an investor friendly agent, the main value is experience and consulting on how to acquire investment properties.

Savings are in avoiding costly mistakes.

Services: Some may offer to provide comps & sending more offers compared to most agent.  It's best to have clear expectations to see what they are willing to provide. Many don't want to work with newer investors because they spend a lot of time with non income producing activity and the investor doesn't do any business.

The caveat I qualify "yield & risk" argument is that it applies in an "efficient market". I have made many high yield returns with a lower risk because of the inefficiency of the market.

Based on those numbers my opinion is that it is too tight, not worth the risk.

Not enough info. What would it cost to repair?

The issue is that if you buy traditionally, the rent you can get for many homes in high price to rent ratios will not cash flow so it will be painful to hold (i.e. San Francisco) The low ratio areas usually will not appreciate so you need to buy with a deep discount or value add to make sense.

What part of California do you live? I suggest joining a real estate club or meet-up in your area. Many are doing zoom meetings now . If you PM me I can make some recommendations

What is the monthly mortgage on your house now? What could it rent for? 

What would be the total renovation expense on the new house?