All Forum Posts by: Karthik Arun

Hello Everyone, I was looking to invest on my first out of state investment in Ohio and I was very surprised to see many listings showing totally different things, not sure what to trust

For example, one of the SFH property in mls (or redfin or zillow), listed for sale with 3b and 2 baths 1500 SqFt. the listing expired after few months as there were no offer and it now reverted to 2b 1bath 918 sqft!!! MLS/Redfin/Zillow now shows this as a 2b home.

I am totally confused, isnt MLS reliable?

Hi

I am considering placing an offer on an investment property that has a detached garage. I was told that the garage had foundational issues and could need upto $10k repair. If this a fair estimate or should I expect more ?

Thanks for your honest feedback.

It's 325k not 375k, sorry. It was a 4b/2ba and 1720 sqft. When i did my math accounting for 2.95% property tax and $50 HOA, P+I, it came to to a little over 2k per month. With property management, agreed its going to be negative cashflow.

I was hoping to know if I will eventually cash flow in a short term because of rent increases and possible appreciation.  But from what you said, I get that may not happen.

Is there any other place in texas you. suggest that I consider?

How is the market around Houston for investment purchase ?

My realtor suggested a single family in 77406 (Lennar mcrary meadows in Richmond - new construction) for $375k and was saying it has great appreciation potential and easily rents for $2k. Wanted to hear from fellow investors and locals who are aware of this location

Thanks Everyone. With appreciation point of view, do you think cary/Apex/Morrisville have much more potential? I ask this question because trying to see if i am stretch my budget to say 600k and see if i can get a SFH in one of these places.

Also how easy is it rent in cary/apex or morrisville? 

I am an out of state investor who wants to invest on a property around RTP. I am hoping Apple's arrival and jobs in RTP will bring in more appreciation and rental potential to those areas.

However APEX/Cary/Morrisville seem to be highly appreciated and my realtor is suggesting to buy in fuquay varina and holly springs and was saying it is very easy to rent in those areas(3br - $1600 to $1900). I am not sure if this can be trusted and wanted to see inputs from locals. My budget was under $500k for single family.

Hello,

I understand the prices are inflated now and I missed the boat, but at the moment am trying to invest on a 4br+ single family home for 500-650k in north natomas (village 7 or regency park) as the homes appear to be newer (even though it’s flood plains) and safer for investment and has food rent potential. I heard these areas are commute friendly to sac downtown and businesses.

I just came to know Elk Grove is a popular suburb (95757) and has better schools.

From rent potential and appreciation point of view, confused if I should be investing in north natomas or Elk Grove. 
Please advise