All Forum Posts by: Manish Sharma

@Gautam Venkatesan how to not pay over market price when it's a competitive market and when there are mostly multiple offers on the first day itself?

Hi all - I am from Seattle and looking for my first deal in Kansas City. I have been following the market closely and wondering if there is an agent who works with Out of state investors like me and can help crack my first deal in the area.

@Jeff Schechter mostly rents ready in A or B+ neighborhoods. I am OOS so looking for fewer risk investments. I tried looking for flips and wanted to put in a team in place but living far away from the ground is making it harder.

On another note, Is it possible to buy on cash and then later refinance it? Will this be an easy way to get an offer accepted?

@Josh C. by conservative I mean as per the cma. Should I be offering 5% over and above asking price? 

@Ritch Bonisa i have been mostly following the CMA prepared by my agent. I agree most of them have been conservative offers but not low balled any of them.

@Ritch Bonisa mostly trying to buy through MLS

I have put in offers on 15 houses in the last couple of weeks and not able to close a deal on even one. Is there a tip and trick people can share to get an offer accepted? For starters, I am an investor from Seattle, WA and own a couple of rentals in Indy and Austin.

@Nabeel Syed I am in the same boat. I am about to close my first deal in Indy but it won't be a good cash flow preposition. After doing some analysis I have figured that I'll go with turn key as my second deal in Indy.

First of all let me tell you that I am novice investor, currently owning an SFH rental home in Austin, TX but looking to buy a few more properties by EOY 2018. I am currently evaluating Indianapolis and an offer was accepted a few days back. My issue is that everything happened so fast and I didn't get a chance to calculate my numbers. Basically home is for 140K in an A- suburb with a good school district. My expenses are as follows

• Downpayment - 35K
• Closing Costs - 4K
• Monthly Expenses (Mortgage, P&I) - 750K
• Property Management - 200 (One month rent for leasing, 10% monthly cost)
• Repair Costs - 50

I should be able to rent it out for $1150.

So my monthly cash flow is $150. AM I missing anything else? Is this a good number? Honestly, I am thinking of backing out and losing 2K in terms of earnest money and inspection. Please advise.

Hi Suzie R. How are you managing your properties? Does your monthly expenses include property management? I started out this year buying a SFH in Austin, TX suburb but my ROI after expenses is not good. Basically I didn’t do proper math. I am now exploring other areas like Indy, Memphis and FL. How did you end up buying in Florida? As a newbie, I would like to know your thoughts.