All Forum Posts by: Jai Koolwal

Hi Folks ! 

Trying to analyze a deal with a turnkey dealer for a 2 BDR town-home at "Panther Point Drive, Houston, Texas, 77099". They have a negotiable price at 169K. The property has a tenant with a rent of 1350 pm. They have a maintenance/property management fee of around ~$ 80. 

Looking at the neighboring homes at Zillow, Realtor and Redfin, I feel a ~145K price tag would be a fair market value for the home. Wondering what the thoughts are about this price point for folks who are familiar with the neighborhood. 

Also, I am trying to get a feel of the area in general. Is this considered an A/B/C type of neighborhood? What's the safety like there and chance of appreciation?

Appreciate any feedback.

Thanks

Jai

@Chris Dawson - thanks for starting this great thread! This information is GOLD for out of state investors like myself.  It's a huge help!

@Eric P. - fantastic heat map! saves a ton of time.

@Nick C. - thanks. That makes sense. I am also on the fence considering that NPR is not that desirable a community. 100K purchase price with a $900 odd rent amount would go a long way in better, more stable cities.

@Phillip Schaeffer Yes, its a 3 bed 2 bath. The property is already rented and the tenant has been there for over an year. I will ask more details about them and see if a renewal is on the cards.

@Brandon 

@Brandon M. - thanks ! I just sent you a PM. 

Thanks @Tom Ott

@ Nick 

@Nick C. - I was trying to go by the classic 1 percent rule. What kind of rent to price ratios would make more sense in the NPR area per your experience? 

Hi All!

I am looking at a turn key real estate property in New Port Richey, Florida. This is a single family home priced roughly at ~$100,000. The expected rental income is $925. Its in the 34652 zip code and has been fixed up by the turn key provider so there should be no additional expenses. 

I am not familiar with New Port Richey as a city and it did not come up on any of my research as a target market ( I was thinking more in terms of Orlando/Jacksonville in FL). However, the cash flow seems to make sense and I am wondering if this could be a good opportunity. 

Can someone with experience and knowledge regarding this city please comment and give feedback to evaluate this opportunity? My main goal right now is to get positive cash flow along with standard property appreciation (~3% like rest of the US).

Thanks

Jai

@Account Closed Have you unearthed any new information regarding this? I would also be interested in learning more.

Hi All!

Thanks so much for sharing such fantastic experience and advise. This has been VERY helpful. Thanks to all the generous members who reached out!!! Gives me a very good place to start!!

Thanks

Jai

Hi All,

I am new to real estate investing and am looking to start out by syncing up with a coupe of turn key operators. However, what I am struggling with right now is that I a not able to scope out a neighborhoods as I am looking to invest out of state in cities I have no idea about ( I live in California bay area and looking to invest elsewhere). Just believing the turn key seller's word about the community is not enough. I am trying to understand different subtle factors like how close the location is to the jobs, is the crime high/low, is the neighborhood up and coming etc. 

Trying to figure out what the experts are doing in similar situations to get these answers. Researching online is an obvious option (& something I always pursue) but it doesn't always get you some of the angles I am looking at. 

Do you typically find a RE agent that knows the local neighborhoods & get feed back from them..or is there another hat trick that I am not aware of :)

Thanks

Jai

Hi All,

I am a newbie real estate investor and am looking to get my feet wet by starting off with a couple of turnkey properties. Orlando is one of my target cities as it has shown strong growth recently with solid projections ahead. 

Came across bric-investment group's website with some good options in Orlando. Any one has good or bad reviews of working with them?

Thanks

Jai