All Forum Posts by: Giridhara Gowdra chandranna

@Stanley Bronstein thanks for the inputs. And where can I get hold of these affidavit & sale deeds. I am new to this process and might be asking very basic questions. 

Are there any websites which keep track of the price history of the retail housing properties

? Redfin gives some info on this, but not all the properties have this. But if I have a off market property(not on MLS) and want to know the price history what is the best source?

@Ryan Blake & @Thomas S. thanks for the valuable inputs. 

Also I was just foreseeing of a situation. Say I had done all my due diligence and bought a MF property in a neighborhood. After some time due to some reason the rents in the neighborhood goes low, vacancy rates are hitting high and also the property price has gone below the purchase price. So in these situations what should be the best exit strategy one should follow. 

How can we say that the appreciation I am getting on a MF property is good enough to sell the property? 

This is important to consider as part of the exit strategy. Can we determine something like appreciation factor of a neighborhood based on past and current price trends?

Thanks Danny, Cody, Shital, Laura for sharing your valuable thoughts. 

@Ryan Blake I am looking into properties which cash flow when I am holding them. At least as suggested by BP 100$ per door. And also any value add even 15k on a 300k MF property for 2 to 3 years would be a good one I guess. Oh with this I am getting one more question. I feel its worth starting a new discussion for that. 

Thanks Mitchell. I am looking around Dallas, Austin, San Antonio & Houston. If you have already invested around Houston I would like to hear about the markets around there. 

Which are the best B-class zip codes in TX for decent cash flow and future appreciation. And where in I can get a 4 plex around 300k. Are there any such markets also satisfying the 1% rule. Any inputs would be greatly appreciated. 

Thanks ED and Jason for the valuable inputs. 

What is the criteria to distinguish the neighborhood as class A, B C or D. 

Is it based on the rent or cost of property or density or the developments in that neighborhood?