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All Forum Posts by: Kiran Alisam

Kiran Alisam has started 22 posts and replied 60 times.

Post: Turn Key Investments

Kiran AlisamPosted
  • Investor
  • Erie, PA
  • Posts 63
  • Votes 4

Post: Turn Key Investments

Kiran AlisamPosted
  • Investor
  • Erie, PA
  • Posts 63
  • Votes 4

@Jay HinrichsThank you for the insights . what are the guidelines to vet out a proper turnkey other than looking at your website turn-key reviews.com :) which iam currently looking

Post: Turn Key Investments

Kiran AlisamPosted
  • Investor
  • Erie, PA
  • Posts 63
  • Votes 4

@Brent Coombs

these are the values i have taken into account for the property , the original net figure was from turn key provider

Property Price 56900
Rent per Month 900
Insurance 50
Property Taxes 137.8333333
Property Management 90
Mortgage
HOA/Mortgage $244.36
Vacancy 90
Repairs 90
Gross Rent 10800
Expenses 702.19
Net Rent 197.81
Net Annual Income 2373.67

Post: Turn Key Investments

Kiran AlisamPosted
  • Investor
  • Erie, PA
  • Posts 63
  • Votes 4

@Ali Boone I have kept the numbers according to the link and the numbers are coming in as 

2700 ( net ) on a 56900 property with 20 percent down 

Cap Rate of 4.75 percent

Cash on cash 2..7 percent

Now could you help me in figuring is this a purchase i should go ahead

Post: Turn Key Investments

Kiran AlisamPosted
  • Investor
  • Erie, PA
  • Posts 63
  • Votes 4

Thank you guys for taking your time out and replying, 

i will put the numbers as below that iam getting for a turnkey:

Price : 59,900

Rent: 10,800

Taxes:1254

Reserves:500

Insurance:600

Net Annual income:8446

3bed 1bath - 1160sq ft

ROI:14%

Price:$49,900

Rent:$10,740

Taxes:1452

Reserves:500

Insurance:600

Net Annual income:8188

4 bed

ROI:16%

As per the numbers and data from turnkey looks good, so how do i analyse strictly from cash flow?

Thank you 

Kiran

Post: Turn Key Investments

Kiran AlisamPosted
  • Investor
  • Erie, PA
  • Posts 63
  • Votes 4
 @Isaac Rowe: Thank you for the insights. i would like to get in touch with you to get more details on the above items you mentioned

i will PM you and we candiscuss 

Post: Pittsburgh Investor

Kiran AlisamPosted
  • Investor
  • Erie, PA
  • Posts 63
  • Votes 4

Hi Mark

We are group of partners started investing in real estate and very new to rental real estate.could you please guide us in helping in terms of real estate agents reference and areas in pittsburgh to look for

We are from Erie PA

Thankyou 

Kiran

Does anyone have good  leads on property management referrals for Rental Properties 

Post: First Rental - Finally Pulled The Trigger

Kiran AlisamPosted
  • Investor
  • Erie, PA
  • Posts 63
  • Votes 4

Congrats , Thank you for sharing

Post: Turn Key Investments

Kiran AlisamPosted
  • Investor
  • Erie, PA
  • Posts 63
  • Votes 4