All Forum Posts by: Arun Kumar Balasubramani

Include Me .. 

thanks for the insight full response

Thanks @keven for your response. Looks like its a learning that i should do the CAPX 10%, I thought for Condo we don't have to do that, as the HOA will cover the roof only big ticket is the AC which is brand new comes with warranty.. I think if i go with 10% .. This deal doesn't looks good :-(

Hi,

I think i found a deal , I am not sure if its good, Any response would be appreciated. Area is Tucker, GA

Property Type :Condo

Purchase Price :62,500

HOA :283/Month

Insurance:50/Month

Tax : 50/Month

Rent :850 /Month

Vacancy :85 /Month

Prop Mgmnt:85/Month

Repair:26/Month

Net income :271 /Month

Cash on Cash :5%

Please let me know

Hi,

I think i found a deal , I am not sure if its good, Any response would be appreciated.  Area is Tucker, GA

Property Type :Condo

Purchase Price :62,500

HOA :283/Month

Insurance:50/Month

Tax : 50/Month

Rent :850 /Month

Vacancy :85 /Month

Prop Mgmnt:85/Month

Repair:26/Month

Net income :271 /Month

Cash on Cash :5%

Please let me know

Thanks! Rush and Andrew

Ok Thanks Joe!Appreciate this!! I am looking for Atlanta for now.. if that helps others to give some range to target!

Hi, 

I am trying to figure out what is the realistic CASH on CASH ( If i am using mortgage) or/and the CAP RATE should i target for the first Turn key rental property. I have seen one blog (https://www.biggerpockets.com/renewsblog/2013/01/1...) That says 6%  or above cap rate are better but i am not sure if that is the latest trend , As most of the once i am finding is hard to cross the 6% mark.

Thanks

Arun

 Thanks @Lane

Hi,

I live in Atlanta from 2008. I bought a home in cumming at higher price 2 year before. I learnt some trend on the housing market. Now i want to do an investment property around 250K. I am not getting any +ve cash flow property in the areas I think easily rentable ( Alpharetta, Dunwoody, Smyrna) . I predominantly look for SFH, May be Townhome and shy away from Condos.

I can stretch and do the cash buy in but also if the interest is around 4% if the cash flow from property is more than that.. I can try to buy couple more property with the finance. 

My question is , I am finding hard to get +ve cashflow properties around the areas i mentioned, Is there any other area around Atlanta would have a better cash flow and easily rentable around the price range? Any other option for an investment around  250K .  Any thought or direction would be highly Appreciated.

Arun