All Forum Posts by: Karthik Ramachandran

Context: I am looking to buy a duplex built in 1900's for 630K. I'd like to tear it down and build new SFH.

I have done the due diligence with the below set of questions. What am I missing from this list that would complete my due diligence? 

Is the location hot, upcoming, transforming? 

Is the price of house align w/ comps or slightly more?

Can I sub divide the lot and get permits for 2 SFH

Do I have a reliable lender to support me in this and a builder that I trust will deliver?

Do I know my total costs: Construction costs, lending costs, miscellaneous holding costs, site approvals, permits and design/architectural costs?

Can I sell the new construction house at the price I have modeled at? Again comps here 

Can I refinance this property after I buy it with hard money?

Anything else that I am missing? 

@john - I'd like to keep the majority of the NOI. Syndication means I have to find syndicators, split the pot and more importantly align on goals, desires etc.

Hi, I am looking at a 7M deal and can put in 500K which obviously less than the ideal 25-30%. I am open to other creative capital raising methods except syndication.

Hi, I have been an investor in SFH over 10 years and looking to step into MFH. I'd like to sell my SFH and put the proceeds into MFH. Looking to start small w/ $2M in property value. There is a ton of resources, documents, materials here but I'd love to get help on

a. How to nail the due diligence?

b. What are the top pitfalls and how to navigate them? 

c. Any specific blogs, articles I should read. 

@ Jared. It depends on you how much time you have, kind of property and experience. For e.g. if you have a FT demanding job 60+ hours a week, then it makes sense to a 3rd party. 

Thanks MF and CA! Very helpful and appreciate your guidance

Thanks Michael. At first glance, it looks awesome! Look forward to reading and listening to the articles and podcasts respectively!

Hi, I am interested in purchasing a MFH and this will be my first MFH. Looking at 15-25 units, purchase price of 1-1.5M, Property Class B or C (prefer B). I live in Portland, but open to buying MFH in other locations. (will be using a property management).  I have a few questions and would love some guidance. 

1. How should I think about location? By City or By State or both? If so what are top 10 real-estate markets to invest in? 

1a. What are some sources/tools to identify those markets to invest in>

2. Once I identify a city, how should I think about the location within a city? What are some parameters? 

3. Open to any other methods of narrowing down to a city/location choice. 

Thanks

Karthik

Any good materials/webinars/courses available here? 

https://www.biggerpockets.com/files/user/KarthikR7...

Here is where I have uploaded my file. Fair warning: the excel is very much work in progress and by no means complete.