All Forum Posts by: Ashwin Gudipati
Ashwin Gudipati has started 8 posts and replied 22 times.
Post: Belmont, NC Rental stats
- Austin, TX
- Posts 24
- Votes 8
Hi,
I'm interested in buying a Town home property in SmithFarms community and wondering if it will be a good investment decision considering the rental market and the DOM data. Any realtor who is willing to help me pull some key stats from MLS and possibly represent the sale as well if I proceed to move forward.
Need Rental comps data and Sales data for Townhomes in and around the Belmont data.
Thank you.
Post: Team of Contractors, Realtor and Project Manager
- Austin, TX
- Posts 24
- Votes 8
Quote from @Eliott Elias:
The most crucial element is the deal. Wether that is from your realtor, or some other lead source. Lenders are in abundance, contractors are going to have to take more time up front vetting.
Post: looking for advice
- Austin, TX
- Posts 24
- Votes 8
Hello - Looking for some advice on how to execute Rehabs remotely. I understand we need a great team but I've questions like how do we deal with transferring money to contractors without the work getting started (even if it's for a deposit).
Appreciate anyone who would be willing to discuss over a phone call.
Post: Team of Contractors, Realtor and Project Manager
- Austin, TX
- Posts 24
- Votes 8
Hello - Looking for recommendations on a team of contractors, realtor and project manager who could with the BRRRR strategy. I'm looking to do this remotely so appreciate any leads from who have done this remotely. Appreciate your leads/help.
Post: FlipSystem by Antoine Martel
- Austin, TX
- Posts 24
- Votes 8
Quote from @Kelsie Wadsworth:
I just joined FlipSystem. I can give a report here as I go on how it is.
Any update so far Kelsie?
Post: FlipSystem by Antoine Martel
- Austin, TX
- Posts 24
- Votes 8
Quote from @Max S.:
Jumping in here, I have gone through the calls for this system as I am very interested in the Flipsystem. After reading the above, here are my thoughts:
The flip system costs $15K one time to get in (at time of this post), and a couple hundred a month to use the proprietary CRM for managing deals.
The reason I am interested in this is it is an all in one package. They provide vetted deal flow, multiple vetted financing providers hard money etc, multiple vetted contractors and agents, Vetted PMs and more in the target market. He came from the turnkey space in those markets so he's offering those resources he has already been using to sell the turnkey homes.
Yes, as a few have mentioned, it is very possible to get these resources on your own but the goal here is to shortcut that.. and if you have the $ to do so you can save a lot of time... And for those with full time W2s/families etc, that time is valuable.
Of course there is some kick back in all these but why is that an issue? They put in the time to get the resources so you don't have to!
They also have one on one calls available for free with the mentors when you need to help with any questions and a weekly all group call and a discord for members to answer questions from experience. Creates a good community mindset IMO.
As for the options, there are a few exit strategies, flip and sell, flip and sell turnkey, BRRRR
If I do end up joining, I will reply back with my experience!
what's been your experience so far Max?
Post: Cash flow analysis needed
- Austin, TX
- Posts 24
- Votes 8
@Greg Kasmer - Great eye on the Vacancy number. I was adding it to the gross rental income. Now that I've subtracted it, the Cap rate is no longer enticing, it shows about 5% and Cash flow/Initial investment is 4%. Thank you for your inputs, I appreciate it.
Post: Cash flow analysis needed
- Austin, TX
- Posts 24
- Votes 8
All,
Can you all help me Analyze this 4 plex deal? Is 6% cap rate good? This is for a property in Texas
Property price - 275000
Rental income - 25800
Vacancy -5% at 1290
Property management fees - 10% @ 2750
Repairs & maintenance - 10% @ 2750
Property taxes - 5200
Post: RE Investors in Texas!
- Austin, TX
- Posts 24
- Votes 8
Hello, any upcoming meetups, please let me know
Post: Best city in Arizona for Real Estate investing
- Austin, TX
- Posts 24
- Votes 8
@Daniella Lamis Thank you and yes will reach out. Looking for SFH investment deals in areas with Good school rating. Can you recommend good schools? Happy to setup a call as well