All Forum Posts by: Yousuf Kaleem

Hello,

I've had great tenants in the property for a year now.  It is a new construction home built a couple years back.  No pets.  But very active little kids.  Lease renewal was just sent out for signature.  What recommendations do you have in terms of what to take a look at/action items after 1 year?  We did a 6-month inspection a few months back, nothing really turned up.  

Hey Friends,

I've been quoted an 8% APR and I'm coming with 150k down. Any areas in Northern CA/Central CA you recommend investing in at this time?

What city do you purchase in, and why?  Property must be ready to go when you purchase it by the way.  None of the money can go towards rehab costs and you cannot borrow money.  

Hi guys!  I am planning to rent out my house.  It is brand new construction, I've only lived in it for about 2 years.  I am going to utilize my neighbor to help manage it, since I will be moving about 2+ hours away.  I've heard of RentRedi and Avail.  Which of these two do you recommend?  Also, I want my neighbor to be able to do routine inspections (quarterly) and pick all the fruits that grow in my backyard at least once a month for a couple months in the year when the fruits are at their peak.  Is this something I can write into the contract?  

I am trying to get a better understand of how using OPM works in RE financing.  Specifically, how would you determine how much an investor gets after a flip, or cash flow for rental income?  Here are two examples. I am aware there are other costs to think about, but just keeping the numbers simple for the purpose of understanding.  

1) Flip:  Say purchase price and rehab costs on a home is 300k, and you flipped for 450k.  You put a down payment of 20% (60k) and got 120k each from two investors.  So since your net profit was 150k, how much would each investor get and how much would I keep?  Or is this a horrible investment because the net profit doesn't even equal the OPM I used?  

2) Rental: Same purchase price of $300k.  Used 240k OPM split evenly between two investors.  Rental cash flow is $500/month.  How much would each investor get, how much would I keep?   

I hope this makes sense.  Really trying to understand how I would pitch these kinds of investments to potential private lenders...