All Forum Posts by: Anks Desai

Hi -

We are in the process of purchasing a Primary home SFR in San Jose, CA. The home is originally listed for 1800 Sq ft per county records and MLS listing, however, when the appraisal came through, it came in short in terms of value as well as square footage. The appraiser counted the square footage at 1600 sq ft so the house did not appraise at the price we paid. We do not have any appraisal or inspection contingency and the initial deposit has already been paid to escrow.

Any ideas on what is the best course of action for us? Is there a way to change the country records to reflect the accurate square footage? How will that impact property tax? 

Yeah - we offered the cash for keys but they declined. They are ok to go through formal eviction process 

Thank you! I have heard that court dates for evictions are tough to get in the Charlotte/NC area since it is a politically charged topic. The dates are available after 60-90 days or more. Has anybody recently gone through eviction process in the area? Any inputs or experience is appreciated.

By the way, we are working through a property management company so their lawyers will be handling this. 

Hi - We have a tenant in the Charlotte area who has stopped paying rent for a SFH home since last 30 days. The tenant moved in few months back and immediately starting from 2nd month they became delinquent on rent (citing loss of job). They paid partial rent for 2nd month, and after that, they stopped paying completely since month 3. We have already served them a 30 day notice to evacuate, and they said that we can file for eviction and get a court date.

What is the process to resolve this?  Can anybody guide the process and how much time does it take to evict? Any other ideas to deal with this? Thank you! 

Hi - I am a new investor in RTP area and I am looking into Holly Springs, NC for a potential investment property. My goal is to invest in turnkey property (around 300K price range) that will provide good appreciation in future, even when I am either breakeven or slightly negative for first few years.

Is Holly Springs a good area to invest in when looking at long term appreciation? I am mostly basing my investment on more tech jobs coming in to Raleigh in future, but I am not sure if people will stay in Holly Springs (given it is far off from RTP). How is the growth of overall town? I am also seeing lot of development (townhomes and SFH) coming in future in that area, so will that impact the rental market? Let me know your thoughts.

I am considering an investment property mostly for appreciation purposes. I have heard great things about all the three cities: Atlanta, Austin and Raleigh but looking to understand which is best suited for good long term appreciation. I am ok with being minor cash flow negative too as long as it prices go up longer term. I am mostly looking for tech related growth opportunities.

Austin - A tech hub already, good universities, and trendy town. However, I feel like prices have shot up a lot lately. Not sure how much upside is remaining.

Raleigh - I see many tech jobs moving to Raleigh area and has good universities too.

Atlanta - I see some tech jobs moving to Atlanta too, but concerned about crime rate, etc.

Which city do you think is best posted for long term appreciation?

@Aaron - Thanks! Positive cash flow is more important than to see the property in person. Any specific guide to get me started?

Looking for advise on whether to consider Sacramento or Arlington, TX for investment in real estate property. I am a newbie investor looking to have a mix of cash-flow and appreciating assets. I live in SF Bay area so obviously would prefer something closer like Sacramento, but I am also aware of the fact that Sacramento is difficult to follow the 1% rule. I hear Arlington is still upcoming, and there is still a possibility of positive cash flow.