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All Forum Posts by: Vipul Patel

Vipul Patel has started 1 posts and replied 5 times.

Post: First Deal in So Cal - Los angeles

Vipul PatelPosted
  • Sherman Oaks, CA
  • Posts 5
  • Votes 0
Originally posted by @Vinay C.:

Hi @Vipul Patel,

I purchased a duplex in North Hollywood and posted an analysis of my purchase here. https://www.biggerpockets.com/forums/223/topics/575632-closed-my-first-house-hacking-deal-in-los-angeles-la-part-1

Hope this helps. If you have any questions, feel free to reach out. 

Cheers

Vinay 

Thank you! That's phenomenal. Appreciate you sharing it.

Post: First Deal in So Cal - Los angeles

Vipul PatelPosted
  • Sherman Oaks, CA
  • Posts 5
  • Votes 0

Yea. You're right! Reading the forums folks mention that in  California you cannot find a cash flow positive deal, but only almost break even and you invest for appreciation? Is that true?

Post: First Deal in So Cal - Los angeles

Vipul PatelPosted
  • Sherman Oaks, CA
  • Posts 5
  • Votes 0
Originally posted by @Ali Boone:

Have you run the numbers on the 4plex? What are they?

Almost break-even. Worst case lose 2k/month, Best case a couple hundred dollars/month cashflow from Yr 3 onwards. 3% area appreciation.  I'm assuming 25% down with 4.5% interest and 25 years. 

Post: First Deal in So Cal - Los angeles

Vipul PatelPosted
  • Sherman Oaks, CA
  • Posts 5
  • Votes 0

Thanks Nina - That's super helpful. How about if one wants to buy, hold and rent without BRRR.

Q2. 

How do you deal with rent control in occupied units.

Post: First Deal in So Cal - Los angeles

Vipul PatelPosted
  • Sherman Oaks, CA
  • Posts 5
  • Votes 0

Hello - 

I'm a new member, long time lurker. I'm ready to pull the trigger and have analyzed a lot of properties. I'm looking at a 4 plex, but for my first deal, would like to know from someone what numbers make sense from a risk/reward standpoint. Preferably in the san fernando valley.