All Forum Posts by: Nitin John Abraham

@Scott Sherin can you connect me with your agent?

@Scott Sherin

Thanks for the message. I’m looking to understand how the market is and opportunities to buy a property.

Also looking for an agent recommendation.

I’m looking to connect with investors and agents who work with long distance investors to explore small multi family in Terre Haute Indiana.

Thanks!

@Mo Karim Northpoint property management,

KC Home Rentals, Hunter properties

Rates are typically 8-10%of rent per door in my experience.

@Jimmy Woodard say your post about STR and you seem to have a lot of good tips.

I'm just starting my first STR would love to connect!

I have a bunch of S8 and other voucher program tenants in my properties. @Nathan Gesner made a great point.  Paying rent alone does not constitute a good tenant in my books. i would like to make sure that the home is maintained in arelatively decent shape.

1 of my properties that i bought with a S8 tenant in it is in rough shape, i have done some improvements in it for the resident but they just continue to run it down. However they have no demands and love to live there, in that case my perspective is to let them live there till they decide to move. in that time they will help me pay down a mortgage and help me save for a future renovation of the place while the home appreciates.

@Jonathan Stone - all my properties are in KCMO. i would say most of my units are now in North KC area that i recently acquired. but i have my properties spread around.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Kansas City.

Purchase price: $115,000
Cash invested: $3,700

4 bed 3 bath multifamily residence. 2,083 sqft

3 bed 2 bath first floor
1 bed 1 bath 2nd floor

basement is set up to add potential 3rd 2 bedroom unit.

What made you interested in investing in this type of deal?

potential to add 3rd unit

How did you find this deal and how did you negotiate it?

Found on the MLS by me and passed on to Agent.

How did you finance this deal?

Conventional Financing with 25% down. Rate was 5.125%.

How did you add value to the deal?

Working on plans to add 3rd unit to basement.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Kansas City.

Purchase price: $85,000
Cash invested: $3,500

First Multi family in north KC.

What made you interested in investing in this type of deal?

Property was vacant but was in move in ready condition. Required minimal refresh

How did you find this deal and how did you negotiate it?

Found properties on MLS

How did you finance this deal?

Conventional financing. 25% down

What was the outcome?

Renting units to voucher program, resulting in steady rents.

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $45,000
Cash invested: $26,000

2 bd1 bath 946 sqft

What made you interested in investing in this type of deal?

Up and coming neighborhood

How did you find this deal and how did you negotiate it?

Found the Deal on MLS.

How did you finance this deal?

Cash purchase with intention to BRRRR

How did you add value to the deal?

Rehabbed the interior and exterior, including new windows, exterior paint, interior paint, flooring, updated entire bathroom and all fixtures.