All Forum Posts by: Gautam Venkatesan

@Ray Agosto it's simple - just find a note servicer who reports to the credit agencies. I know of a few in Texas that report to the credit agencies (not all 3 tho), hopefully there are similar services in your area

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Anyone invest in Ellwood City or Newcastle area?

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@Jay Hinrichs sounds like a man with a plan! :) Best of luck!!

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Originally posted by @Jay Hinrichs:

@Justin Fox I go back and forth on this insurance but in your area with wind and hail ... when I use my commercial proctor policy were I can add and subtract houses daily. ( I am high volume usually 100 houses on the books at anytime and cycling 20 to 30 a month)... we can insure them for what ever we write down.. and so yes insurance is very cheap in most states.. But deducible is 5k..

so I had a roof in Dallas it cost me 5k to replace it was a 14k job... if I was a buy and holder and making 200 a month... that eats up 2 years cash flow.. so that's why I am of the mind in hail prone areas one needs to look at this carefully.. Over in Jackson MS I had 5 houses hit.. with golf ball sized hail that cost me 25k... so on and so forth.. again I have adjusted my thinking on insurance for buy and hold for sure.. I still do the cheap for the flips as with the volume we do its cheaper basically to self insure.

On my turn key product that I am rolling out in Indy 95% of the homes will have brand new Metal roofs. 15 year warrenty on hail.. and reduces energy 30 to 40% cost me a little more and my competition in the turn key space won't spend the money but I will I want my clients to have the best.

@Jay - wait.. what turnkeys in Indy??? How did I miss that newsflash...

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@Eliot M. I agree with the others this PM company does not seem to have your interests in mind but keep in mind if you decide to let go the PM and they do somehow evict the tenants you are heading into the holidays (Nov/Dec/Jan) when its traditionally harder to find a good tenant move in.

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Any recommendations for title company in the Ellwood City area?

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Nicely done @Dhar Rawal. Can you share how you went about learning to invest in MF after being in the stock market previously?

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@Brad Dietz

Yeah I agree Coppell is hard to cash flow you have too look real hard for a bargain outside of MLS listings. I did a BRRR many years ago before this huge price run-up so was lucky. I prefer Tarrant county for cash flow.

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All Forum Posts by: Gautam Venkatesan

Gautam Venkatesan has started 11 posts and replied 586 times.

Post: Building Credit By Owner Financing

Post: Building Credit By Owner Financing

Post: Building Credit By Owner Financing

Post: Pennsylvania Market?

Post: Things you should know before you buy real estate in Texas?

Post: Things you should know before you buy real estate in Texas?

Post: Disagreement w/ Property Manager

Post: Need Title Company in Bethlehem, PA

Post: My success story: Turning $250k into tax free $1.25mil

Post: Investor in Coppell, TX