All Forum Posts by: Lenny Kancharla

Thank you @TravisBoyer. This property has 2 liens. If I ended up getting this property, will the second lien gets cleared? 

Hi,

I have come across a property that is going to be auctioned through auction.com in my neighborhood. I would like to see if I can get a hand on it. Is there a possibility I can stuck a deal with home owner before it goes to auction? Can I contact home owner and show my interest? I am new to this process and would appreciate any help.

Thanks

Lenny

Thanks Mike. I'm considering investing in Waycross, GA.

Based on your experience, what are few areas i need to check for multi-plex purchase?

Thanks

Lenny

HI Joel,

Yes, it is a 4-plex. did you say units are small, did not get that?

And based on your experience what are the few issues i need to be concerned about? appreciate your input.

Thanks

Lenny

Hi Ali,

Yes, have figured out financing part of it. Also ran numbers and make more than 15% in return.

Neighborhood is 'B' which i am ok with. I guess inspection would happen after accepting the offer, correct?

It is first time for me to invest in multi-unit too, so will go through some blogs.

Quick question, is there a way we do rental comps online?

Thanks

Lenny

Thanks Ali.

I'm planning to invest in this multi unit property. Can you quickly check and let me know if this would make sense.

512 Cherry St Waycross, GA 31501

Thanks Ali for the input. I will check this particular neighborhood.

Are you using property management company? have you ever visited the properties?

Hello,

I live in CA and planning to invest outside the state because CA is so expensive and ROI is better outside. I had stumbled on couple of multi unit properties in Waycross, GA in Zip 31501. I ran numbers on cap rate, ROI and they look good. I'm planning to use property management company.

But since it is my first investment outside state, do i need to worry about anything? And any input about this particular area i plan to invest in? appreciate your comment.

Thanks

Lenny