All Forum Posts by: Jay Sheth

hi

When buying turnkey property is it ok to buy property which built 100 years ago ? I plan to keep these rentals for another 30 years at least so wondering how age of house matters

@Briana Headley thanks!

@Briana Headley can you please share your Property manager information. We are planning to buy in Austin Texas property

@Aj Parikh thanks for suggestion!

Thanks Anna for detailed answer. Your summary really helps me make my decision.

hi,

Is there any logic whether to buy 2 properties for $90k with rental of $700 each vs buying a single property of $170k with rental of $1200. I generally go with 30 year fixed and 20% down. Generally speaking closing cost is high in both. Area/ crime rate etc is similar.

@Prash Manohar upper limit is 450k sale price. I plan to do 20% down.

Hi Fellow investors,

We are exploring areas to invest in Austin Texas for appreciation. We are new out of state investors.

Which areas you have cash flow break even? Which areas you will expect hyper appreciation and which areas for cash flow positive?

Looking forward to your responses.

Jay

Happy to help!

@Vicky Liu

I didn’t even go through with the deal because their initial conversation was very flaky. I skipped the property since having good property manager is a high priority criteria when going forward with property. I am also out of state.

My 2 cents would be to avoid them if you are expecting prompt followup and communication.