All Forum Posts by: Ashil Katira

I am an out of state investor and would recommend (MIP - Memphis Investment Properties) who is really turnkey. You would buy a property with them and in more than 75-80% of the cases, you would have a tenant in it before closing (Property management done by their sister company). The cashflow is dependent on neighborhood where you buy it. Post COVID with the raising cost of the mortgage and home price, you can still get 4%-8% cash on cash returns depending on the neighborhood class. overall IRR will be higher (>20%)

I am an out of state investor and would recommend (MIP - Memphis Investment Properties) who is really turnkey. You would buy a property with them and in more than 75-80% of the cases, you would have a tenant in it before closing (Property management done by their sister company).

Following as I am also Interested in Columbus OH market

bumping to see if the audience have any feedback

Hi Everyone,

I am currently in discussion with one of real estate agents in Chicago IL and the firm is Chase real estate for residential and Citipoint for commercial. I wanted to see if there is anyone on bigger pockets who have recently done any business with Citipoint and can give me some reviews? I am very much interested in moving forward with them with the information and deal at hand but trying to do some due diligence.

Thanks

@Luka, thank you. so the cash flow might be less but the appreciation will be higher over long term?

@Hayden, thanks for the insight into Houston. Let me check the areas you mentioned. 

 @Ryan, thanks for the great response. This makese sense. When I started looking, I searched around the Austin/round rock area where Tech is present and saw Tesla is also moving closer. I see round rock is possible with less than 350k but you are right, the DP would be less. Thanks again!

Thank you @antonio for the response! May be I get another partner to put 20% down but dont know if I am redy for that yet given this is my first venture

Hello everyone,

I am looking to buy my 2nd house (as REI) out of state (currently living in CA bay area) and looking at market suggestions. Have researched little bit on Orlando, Austin, Dallas, Nashville, Memphis, etc. Can invest about 50k cash for this. Main idea behind investing is little cashflow every month ($100-$200?) and eventually selling the property after 10+ years (if all goes well) when the kid grows up and is ready for college.

Thanks

Ashil