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All Forum Posts by: Tommy Hoang

Tommy Hoang has started 3 posts and replied 52 times.

Post: BELOW MARKET RATE UNITS IN THE SAN FRANCISCO BAY AREA

Tommy HoangPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 52
  • Votes 35

Don't the BMR homes also appreciate somewhat as the market does? My understanding is that if you hold it for awhile, you could eventually sell it down the road at BMR but still capture some appreciation. 

In either case, you're buying to have a personal home in this awesome city so if the mortgage is similar to the rent I see the pros of purchasing a BMR. I actually looked into the process but don't qualify as I own a home in SoCal.

Post: Average Multifamily Expense (water, garbage, etc)

Tommy HoangPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 52
  • Votes 35

thanks for the additional details Johnny!

Post: Average Multifamily Expense (water, garbage, etc)

Tommy HoangPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 52
  • Votes 35

@Johnny Hastings thanks for responding. to clarify, are your numbers per unit? And do you pay for gas/electricity as the landlord?

this is a really helpful baseline. 

Post: Average Multifamily Expense (water, garbage, etc)

Tommy HoangPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 52
  • Votes 35

Hey everyone,

After researching a few markets throughout the country Omaha was one of our favorites so we're planning a trip to visit in Jan 2018 (would love to meet you guys at Collin's meetup if there is one). 

I'm posting to see if anyone can provide monthly averages on the cost of insurance, water, garbage, and sewer on B class multifamily units? We're setting our our calculator to properly analyze deals in Omaha so this insight would be really helpful.

Best,

Post: Phoenix Neighborhoods Questions

Tommy HoangPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 52
  • Votes 35

Bumping this thread because I'm also interested to hear if @Alexander C. discovered anything new in his research.

Post: Im 18 and new to real estate. Any tips for finding investors?

Tommy HoangPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 52
  • Votes 35

Check out the events tab on this site for local events too Aiden!

Post: Working with Partners

Tommy HoangPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 52
  • Votes 35

Hey BP!

A good friend and I are partnering up to do REI together. We're discussing roles and responsibilities of our relationship from the start so we're on the same page. As a part of our conversation, we're trying to figure out how each partner will exit the partnership in the future (eg. we own multiple properties and one person wants to stop reinvesting the profits into the business, cash out completely, or some other scenario).

We'd love some tips or ideas on how to structure our exit strategy so our future selves remain friends.

Post: San Francisco Happy Hour Meetup

Tommy HoangPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 52
  • Votes 35

thanks for organizing! Will plan to be there to meet everyone since I'm new.

Post: San Francisco Meetup - Thursday 6/19/14

Tommy HoangPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 52
  • Votes 35

thanks for that info @j martin 

I'll definitely try to make the next one.

Post: SF Meetup - Fri, 4/25 in SF w/ Josh Dorkin & Brandon Turner

Tommy HoangPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 52
  • Votes 35

bummed I missed this! Was in the city for two interviews Friday and thought the meet up was Saturday. On the up side, looks like I'll be moving here soon!