All Forum Posts by: Kiran R.

Congrats @George P. That's a good milestone !!

Wish you all the best for the next milestone

@Kay Yu - A timely topic for me, as I am just getting ready to do my first TK investment.

@Account Closed - Thank you for sharing your experience and insights

@Omi C. The deal looks good, especially since you were a little conservative with Maintenance for a new property. And since your primary goal is to learn the business, and keeping it low-risk, this might be a good one to start off

All the best !!

@Account Closed I will car pool with you, if there is room.

@JMartin, Thanks for putting this together !! Really excited to join

@Kendall Chamberlain , Thank you sent an email to you

@Pete Tam - wow there seems to be a very bad rep for HOA properties !!

Just curious if there are any good things about an investment property with an HOA

@Walt Payne - I am not sure about my assumption of HOA covering capital expenses. I hope I can figure out that info from their financial docs.

@Mike D'Arrigo - Thank you for the insights!! I think you and all the experienced folks here are cautioning about dealing with HOA. So I will tread very cautiously there and reconsider my decision.

When I said the numbers form Turnkey are higher than mine- its because I doubled the maintenance expense to 100/month when they have 50/month, and I added little bit more buffer to all the expenses including taxes. Thanks for offering to advice, I will definitely need it. I just noticed you are based in San Jose. Hope to meet you sometime

@Shawn S. - Ah I got that wrong, its 5% for the current prop manager, but I wanted to check with 9%. Yes I need to cut down another $40 from the NOI.

I am also not a fan of the HOA. My decision is still contingent up on the HOA documents and bylaws. But on the other side I was thinking the HOA will be taking care of roof, exterior etc, which means I do not have to deal with any capital expenses for roof/exterior etc. Curious to know what you think about this. Any reasons why HOA is a deal breaker for you ?

Thank you Guys !!

@Gautam Venkatesan , I am glad you asked this. 1% financing is an option if I use my HELOC - I still have second thoughts about going that route. What do you think ?

@Walt Payne - yes I am also little wary of the HOA, I am still waiting to get the HOA documents and bylaws. I will review them thoroughly. Are there any signs of a bad HOA, which I should be looking for

@Brant Richardson , This is a 3/2.5 Single Family. The property is in 64133(is it called the Raytown ?). This is the first property where the Zestimate is higher than what the TK company has given. zestimate is around 80K. This got me to thinking why would the turnkey guys sell for less than the estiamte( or the zestimate is completely off the mark). zrent is $850. The schools are 6, 5, 5 for elementary, middle and high respectively.

I would love to get the contact info of the realtor. I will send you a pm.

I have been reading forums and blogs on BiggerPockets for over a month, and now I am almost ready to make my first investment. My goal for next five years is to generate passive income to cover my monthly expenses. With that context can you please review the numbers, give your feedback and advice.

This is an out of state investment, with a Turnkey provider. This a town home(with HOA) in Kansas City, MO. Would love to hear from experts/locals about the market too.

These are not the numbers from turnkey provider, they showed way more ROI than my numbers below.

@Elizabeth Colegrove you can count me in for Apr 29th, lets narrow down the time !!