All Forum Posts by: Kaustubh Johri

@Peter B. - You are right about the issue on appraisal. The area I am looking at are 300K + area so its important that the basement appraises. 

I am looking to build and sell. Why would it limit my buyer pool if living is on 2 levels ?

@Jay Hinrichs - Yes, I am talking about lots with gradient big enough to make a basement with the natural slope. No additonal digging. 

I was curious how the numbers work out if its a house with a basement versus a house with concrete slab.. This is in Atlanta GA , if that helps..

I am looking at a couple of cul-de-sac basement lots. I have never done new constructions. 

My questions are from the perspective of cost, difficulty of construction, appraisal and marketability of the final product.  

Do you think a a new construction on a basement lot is better/advantageous than constructing on a regular lot ?

@Joe Cassandra - thats great ! How did you find that house ?

2% is definitely crappy if not a war zone. 

1% is hard enough. My local market - Atlanta gets 0.5 to 0.7% in good neighborhoods. I look at cap rates as well. If I am getting 8%+ cap rate (which is getting harder now), I am happy. 

Just my 2 cents - 

Nashville - getting overpriced , make sure it meets your investment goals , ROI etc

Memphis - Certain pockets are war zones and you want to steer away from those places 

Chattanooga - Probably your best best. 

I am not affiliated with Neal Bawa or his company but I like to use his metrics when searching a market. Details are in the link below:
https://www.grocapitus.com/using-data-to-become-an-elite-investor-with-neal-bawa/


www.city-data.com is a great tool to analyse those metrics and determine if the market is feasible or not. I follow his guidelines but do not hold it to the exact number. 

Agreed. 1% rule is not relevant anymore in good markets. I know in Atlanta you can just about get 0.5 to 0.7 % . 

Bought a SFH in Roswell GA (Good suburb of ATL) for 325K earlier this year. Initial plan was to fix and flip it (ARV -- 450-470K area). However, due to Covid decided to rent it out till end of the year.

I am getting $1850 per month.. - 0.6% 

Yes, you can get 1% in Mid west theoretically but with the current situation I am not sure if you will get your rent in time 

I'd say a lot of CA money is coming into NC, GA, TN. With a dismal 3-4% cap rates, Californians are looking eastwards for a better cap rate. 

Although Atlanta has become more expensive lately, I'd bet my money in Raleigh, Charlotte markets. Booming markets, still affordable, educated demographics and has a good potential for an upside. 

Looking to connect with an Atlanta based Architect who can help me renovate a house and who can work with the county for permits. Any recommendations ?