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All Forum Posts by: Karam A Tascoe

Karam A Tascoe has started 4 posts and replied 61 times.

Post: First investment renovated and rented!

Karam A TascoePosted
  • Bluffton, SC
  • Posts 63
  • Votes 205
Originally posted by @Frank J.:

What are your annual taxes and other expenses? 

 Tenant pays all utilities

Post: First investment renovated and rented!

Karam A TascoePosted
  • Bluffton, SC
  • Posts 63
  • Votes 205
Originally posted by @Tashay Joseph:

@Karam A Tascoe Congratulations on your killer deal!!! I’m a realtor here in Atlanta Ga looking to acquire my first buy and hold with in the next 6 months.#Motivation 🙏🏽

 You can do it Tashay. Stay focused on your goal!

Post: First investment renovated and rented!

Karam A TascoePosted
  • Bluffton, SC
  • Posts 63
  • Votes 205
Originally posted by @Frank J.:

What are your annual taxes and other expenses? 

Annual taxes are right around $750. Insurance runs $50 a month but I pay for it annually. 

Post: First investment renovated and rented!

Karam A TascoePosted
  • Bluffton, SC
  • Posts 63
  • Votes 205
Originally posted by @Tanya Rooney:

@Karam A Tascoe. Nice work on this one! How did you pick the town/area you decided to invest in? I am reading David Greene’s long distance investing and excited to start researching different areas to buy rentals!

Way to hit this one out of the park!!

 Cheap housing without a lot of fluctuation in market pricing and a large military installation.

Post: First investment renovated and rented!

Karam A TascoePosted
  • Bluffton, SC
  • Posts 63
  • Votes 205
Originally posted by @Juanita Briggs:

@Karam A Tascoe

Karen, that’s very impressive! Congrats- I would consider somehow working w u. Can u send me some pics of the renovation taking place?

Post: First investment renovated and rented!

Karam A TascoePosted
  • Bluffton, SC
  • Posts 63
  • Votes 205
Originally posted by @Julia Fair:
Originally posted by @Karam A Tascoe:
Originally posted by @Julia Fair:
Originally posted by @Karam A Tascoe:
Originally posted by @Julia Fair:

Congrats! I'm not familiar with the auction process. Did they/you do a walk through and provide pictures? Is it literally sight unseen? 

 I bid on the property initially without seeing it. Once I won the auction I drove to see it and assess what a mess i might have made before I wired the total funds. This way I would have only been out of my earnest money if it was a disaster. 

 Interesting! Did you take any contractors with you or anything? 

 Yes I did. I took one contractor with me who is a friend from highschool. I own a property management company so I knew what I was looking for in regards to renovations and repairs.

 Awesome. What class neighborhood would you say this is? Were you able to tell that from the auction? 

 You can put the address in a google map search and look around the neighborhood to see what it looks like. Also, do a Zillow search and see the comparables in the neighborhood

Post: First investment renovated and rented!

Karam A TascoePosted
  • Bluffton, SC
  • Posts 63
  • Votes 205
Originally posted by @Julia Fair:
Originally posted by @Karam A Tascoe:
Originally posted by @Julia Fair:
Originally posted by @Karam A Tascoe:
Originally posted by @Julia Fair:

Congrats! I'm not familiar with the auction process. Did they/you do a walk through and provide pictures? Is it literally sight unseen? 

 I bid on the property initially without seeing it. Once I won the auction I drove to see it and assess what a mess i might have made before I wired the total funds. This way I would have only been out of my earnest money if it was a disaster. 

 Interesting! Did you take any contractors with you or anything? 

 Yes I did. I took one contractor with me who is a friend from highschool. I own a property management company so I knew what I was looking for in regards to renovations and repairs.

 Awesome. What class neighborhood would you say this is? Were you able to tell that from the auction? 

Its blue collar for sure but thats the sweet spot in my honest opinion. Cheaper homes with higher margins. 

Post: First investment renovated and rented!

Karam A TascoePosted
  • Bluffton, SC
  • Posts 63
  • Votes 205
Originally posted by @Julia Fair:
Originally posted by @Karam A Tascoe:
Originally posted by @Julia Fair:

Congrats! I'm not familiar with the auction process. Did they/you do a walk through and provide pictures? Is it literally sight unseen? 

 I bid on the property initially without seeing it. Once I won the auction I drove to see it and assess what a mess i might have made before I wired the total funds. This way I would have only been out of my earnest money if it was a disaster. 

 Interesting! Did you take any contractors with you or anything? 

 Yes I did. I took one contractor with me who is a friend from highschool. I own a property management company so I knew what I was looking for in regards to renovations and repairs.

Post: First investment renovated and rented!

Karam A TascoePosted
  • Bluffton, SC
  • Posts 63
  • Votes 205
Originally posted by @David Yusupov:

@Karam A Tascoe Great! Thanks for sharing. I’m also interested to invest out of Atlanta metro area.

 Let me know if you would like to partner

Post: First investment renovated and rented!

Karam A TascoePosted
  • Bluffton, SC
  • Posts 63
  • Votes 205
Originally posted by @Julia Fair:

Congrats! I'm not familiar with the auction process. Did they/you do a walk through and provide pictures? Is it literally sight unseen? 

 I bid on the property initially without seeing it. Once I won the auction I drove to see it and assess what a mess i might have made before I wired the total funds. This way I would have only been out of my earnest money if it was a disaster.