All Forum Posts by: Gaurav A.

BP folks,

I am thinking of investing in a Quadplex which will cost about 150K and another 40K in renovations?  Can I get a loan on 190K with 25% down? 

Are there lenders and banks who provide renovations loans? Please send me any referrals you might have.

Purchasing a property in Redford and it has these ply boards in the basement? Is it a common constrution material for basement in Detroit?  Anything fishy? Pro and cons of ply boards in the basement?

Has anyone worked with RentalVest in Milwaukee, WI area? Any experiences to share? 

old thread, same question on the company credentials. Anyone?

4/24: Shared the report with turnkey provider

4/25: Response from the turnkey provider: 

"

My team is in the midst of looking through the repairs to be done.

These are minor issues and I will send a full list of what we will take care of.

"

@Brian Garlington it does not start with an M :-)

That's true @Darrin Carey. 

Though it always feels better if you get returns on your money and time investments. :-). Let's see. 

@Darrin Carey  

Thanks for confirming my sentiments.  I will reach out to the them and will keep you posted.  Lets see what they have to say.  Looks like, I just wasted $700 doing the inspections on these properties if they don't agree to fix this all up.

I will keep the forum posted.

Biggerpocket folks, 

Need help

I am new to investing and for that reason wanted to start with Turnkey rentals. I am working with a turnkey provider in Dayton Ohio and recently got a inspection done (reports attached) on the 2 properties in C areas.

Questions: 

1. Do you think for a turnkey property standards this is poor rehab/renovation? Or this is pretty usual stuff even with turnkey standards? 

2. Any recommendation on the next steps? Negotiate the price with the seller or walk out of the deal? 

Details:

Link to the report:

Inspection report 1 :  Price-49K: Rent 750

Inspection report 2 :  Price-58K: Rent 800

Thanks guys ! 

@Kevin Perk I read your blog and liked your approach. Seems to make sense.