All Forum Posts by: Anjesh Dubey

I am seeing that lot of syndicate and LP using cost segregation but wondering if same can be applied to DST offering?

I am looking for PM (property manager) in Kansas City/Independence area. Any recommendations? I am looking for PM who is quick in communication and diligent in making sure to take steps required to get property rented. 

@Lisa P.Thanks for the reply, appreciate it!

@Lisa P. have you found references and finally bought property or not? I'm in same bucket right now.

@Bruce Lynn yes in Castleberry, it's the last street in Fort Worth so address is still Fort Worth.

@Scott Ewell Thanks that helps validating the rent for area.

Thanks a lot guys for helping here! 

I am trying to get into contract on a property which is between RiverOaks and FairOaks neighborhood. Trying to get more info from fellow BP members if it’s a safe neighborhood and if numbers are working does it make sense to invest in that part of Fort Worth?

@Keith Courtney I just PM you my budget interested to learn if numbers still making sense for vacation homes in this market.

@Juan Duque It's a long shot but do you still have any left on that list?

Question for BP and turn key PRO regarding turnkey cash flow analysis.

Any turnkey property analysis I find looks great at first sight and I would buy it right away. But as soon as I add any fee charged by property manager to place tenants it becomes from wow to meh. I am aware that for first year turnkey provider places tenant for you and fee is already adjusted in selling price and that's why it's not included in analysis done by them either.

But I am not buying for one year and after that one year there will be one month rent charged by property manager to place new tenants and as soon as I add that in calculation it reduces my monthly income by 8.3% which can easily bring any cash flow to under 100 if not negative on any property. This makes any really good turn key deal into ok or run away from it deal as anyone who is investing wouldn't want negative cash flow at-least.

Not to mention I haven't added any captital expenditure like appliances, roof, hvac etc. I know since most of the stuff is already rehab here we shouldn't include it in analysis. But I think that can be argued but I believe tenant placing fee can't be argued and should always be included, just want to know the BP community thoughts as this is the single reason I haven't jumped on turnkey investment. 

Below is the example of analysis, my question is shouldn't providers include this in analysis and adjust the selling price accordingly? 

• No Tenant Placing Fee and No Cap-ex (5% Vacc; 5% Repair and Main; 10% Prop Management) = $196 Cash flow wow!!

https://www.biggerpockets.com/calculators/shared/1...

• Include Tenant Placing Fee but No Cap-ex (One month rent: 1275/12 = 106) = 90 Cash flow meh!

https://www.biggerpockets.com/calculators/shared/1...

• Include Tenant Placing Fee and Cap-ex (Cap-ex merely 2% since it's rehabbed and all) = 65 Cash flow doesn't make sense

https://www.biggerpockets.com/calculators/shared/1...

@Ritch Bonisa Thanks let me take a look!

@Jeff Schechter Yes buy and hold, looking for something under 120K targeting 1% rule so trying to find out if that's doable or I was living in caves.

@Noam Ofan Thanks for response will try to connect with Lee

Looking for realtor in Indy, fellow investors do you have any referrals? I already searched past posts on this forum where people posted similar question noticed very few responses so trying my luck here.

Also, are investors still getting 1% in indiana market or it's already too hot for that and time to look somewhere else instead?