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All Forum Posts by: Vijaianand Thirunageswaram

Vijaianand Thirunageswaram has started 102 posts and replied 602 times.

Post: General contractor in Houston

Vijaianand ThirunageswaramPosted
  • Real Estate Broker/Owner & Property Manager
  • Sugar Land, TX
  • Posts 660
  • Votes 459

@Arti Jonna  Many investors know about Fast Track Remodel you can try them out. 

Post: General contractor in Houston

Vijaianand ThirunageswaramPosted
  • Real Estate Broker/Owner & Property Manager
  • Sugar Land, TX
  • Posts 660
  • Votes 459

@Arti Jonna It's hard to find good contractor these days so many don't really share out right. Also one contractor might work well for investor might not work for others due to the relationship and style of work. You can search for contractors in BP company profile search. 

Post: Houston Real Estate Meetup

Vijaianand ThirunageswaramPosted
  • Real Estate Broker/Owner & Property Manager
  • Sugar Land, TX
  • Posts 660
  • Votes 459

We used to have monthly meet up in Sugarland/Missouri City area and might get that going again if we see more interest. 

Post: First-time investing in RE

Vijaianand ThirunageswaramPosted
  • Real Estate Broker/Owner & Property Manager
  • Sugar Land, TX
  • Posts 660
  • Votes 459

Couple of things, you mentioned you mom transferring funds from overseas. Is it going to be gift? You will have to work with lender who knows your situation well because it involved gift funds since you are going to be borrower. The rates are so low around 3.5-4% conventional instead of private lender who you mentioned more than 5%. I would still encourage you try conventional instead of private loan but your no income would make it tough. 

Post: First-time investing in RE

Vijaianand ThirunageswaramPosted
  • Real Estate Broker/Owner & Property Manager
  • Sugar Land, TX
  • Posts 660
  • Votes 459

@Tuyen Tang  40k/year cash flow in 15 years is decent goal. You need to have 8-10 rental properties at the end of 15 years to have that kinda of cashflow after all the expenses paid up. It's ballpark calculation and might vary depending on parameters. With that, you can start adding 1-2 per year and start paying them off from rent by 15 years. You will reach your goal. 

As per private lending, it could have decent 12% return per year but due to short term gain, you might have to pay short term tax and won't able to reap other rewards in rentals like depreciation, appreciation. Prviate lending is just way to grow your capital but rental does grow your capital via appreciation and passive income and other advantages comes along with it. 

Post: AirBNB in Apartment Complexes - Houston

Vijaianand ThirunageswaramPosted
  • Real Estate Broker/Owner & Property Manager
  • Sugar Land, TX
  • Posts 660
  • Votes 459

@Joey M Mbu Where exactly you have the TH in midtown? I heard it's too much competition in the Houston AirBNB market. How you doing? 

Post: Lets beat this dead horse....

Vijaianand ThirunageswaramPosted
  • Real Estate Broker/Owner & Property Manager
  • Sugar Land, TX
  • Posts 660
  • Votes 459

@Amber Smith You are absolutely right about that. Winter months are the best slow months for investors to hit the market hard and agents are willing to listen and take the deal because there are not many buyers around. 

Post: Mobile/trailer homes for rental in Houston area

Vijaianand ThirunageswaramPosted
  • Real Estate Broker/Owner & Property Manager
  • Sugar Land, TX
  • Posts 660
  • Votes 459

@Hiren Patani There are couple of mobile home parks in Murphy road which might be Stafford or Harris county not Houston. There is also one RV Park in Hwy 6 near 288 so there are few popping up here and there but land values have gone up in those areas now. You need to figure out where exactly and start researching more towards it's approachable, doable as per city regulations and cost associated with it. Good luck!

Post: Lets beat this dead horse....

Vijaianand ThirunageswaramPosted
  • Real Estate Broker/Owner & Property Manager
  • Sugar Land, TX
  • Posts 660
  • Votes 459

@Carlyle Small I been using all different kinds of arsnel to build my portfolio and other investors. Let me share about my portfolio. I have bought 3 properties in 2018, 2 from pocket listing via traditional loan using 25% down and 1 from Wholesaler with cash and cashout refi. In 2019, I added 1 more rental and 2 Owner finance to it. Rental was added because that property couldn't be sold as flip or owner finance and rental was my back up plan. We bought that property through private lender and I did cash out refi and able to use built in equity to reduce my out of pocket. 2 owner finance, 1 again private lender and cashout refi and another one full cash. 

Yes, HML is one of the ways to do BRRRR. But I was fortunate to have some cash from the profit from my flips which I used to buy rentals (similar to HML) and do cash out refinance. I have found and used few Private lenders who are much more easier and less expensive than HML. You are right, you burn all your cash if you continue to do 20-25% if you want to buy multiple properties in same year.

For investors who only want to built rental portfolio and don't venture out with flips and other investments, BRRRR method using HML and Private lending helps even though it has high cost associated with it. Otherwise you need to plan and save cash to buy 1-2 rentals every year and build your portfolio which is not bad idea to start with as well. It's all up to the investors risk tolerance level.

Post: Lets beat this dead horse....

Vijaianand ThirunageswaramPosted
  • Real Estate Broker/Owner & Property Manager
  • Sugar Land, TX
  • Posts 660
  • Votes 459

@Carlyle Small I am a full time IT Consultant which kinda of helps me to analyze the deals and communicate while I am working but I cannot check on the deals. So I use my wife who is loan officer has my eyes and ears to check them out during weekends. As you know wholesalers always schedule showing in the middle of day to avoid traffic. It has worked for us many times. What @Chris Hopper said was 100% right!! I don't waste my time marketing for deals and compete with other wholesalers who spend 1000's of dollars in each market. Instead I use them as the resource and created relationship and filter out my deals to make it happen if numbers work out. yes, they might be 10k higher than if I would have marketed it but I rather do that way instead of spending $10k and wait to get 1 or 2 deals done. 

Another thing, people are stuck with BRRRR strategy and they only have 10-20k to start their investment. BRRRR strategy won't work if you don't have full cash to buy from my experience unless the house is livable and can be appraised. It has to be almost ready to move in except few cosmetic changes so you can get loan and make the updates. With wholesalers, you need cash to most part and many properties needs updates so you need to cash to run with it. Keep that in mind.