All Forum Posts by: Manoj Narayanan

Thanks for the awesome advice guys!!

The syndicator is Western Wealth Capital.  Anyone know of them?  They have been in business since 2011 and have done 40+ deals in multifamily concentrated in Arizona.  They had another deal couple of months ago thru the investor club that I'm part of and I didn't participate.  The strategy is to normalize rents (they are below market), value add and bring the rent up to market avg, and goal of returning capital by 4 years.  Their expense ratio at end of year 1 is about 38% and goes down from their and the plan is to return 65% capital by year 2 and 100% by year 4.  Possible exit by year 5.   

Sorry for the duplicate message my BP app crashed on posting the last one so I thought it didn’t go thru.

Hello, I came across an opportunity to participate as an LP in an syndication deal. As an LP what due diligence is required other than the deal details. Should I be seeking any attorney reviews? What else? Thanks Manoj

Hello, I came across an opportunity to participate as an LP in an syndication deal. As an LP what due diligence is required other than the deal details. Should I be seeking any attorney reviews? What else? Thanks Manoj

Hello, I'm a newbie out of state investor with a goal of buy and hold in B neighborhoods.  I came across a property in 

N Broadway Avenue

Trotwood

OH

45426

Is this a B class neighborhood?

Asking is 70K rents for $950.  

How is the vacancy rate and turnover here?

How is the crime rate?

What drives the rental market in this neighborhood?

Appreciate any help.

Thanks

Manoj

Wow!  Thanks everyone for such valuable inputs and making me think hard now.  I had planned so much  to start accumulating such properties but realizing after going thru this and other threads in the forum as how uninformed I'm.  Back to the drawing board but with right research now.  I'll reach out to you individually and seek more insight and path forward.  

Thank you!  Thank you!

Jim, forgot to mention that this cost is post rehab. 21K worth of work is going into this. So other than the frame, everything else will be pretty much new. I checked zillow and comps and the price range around that house seems close. My concern is the neighborhood and the going rate as Zillow gives a ballpark not 100% reliable. Thanks Manoj

Hello everyone, I’m a new investor looking at an out of state property in zip 46222. This property is a 2bed 1 bath in N Moreland ave from a turnkey for 42k. Rent 650. Thanks for your help in advance. -Manoj

Hello, I've a major confusion and hope this is the right forum. Here is the story. I recently moved to a new single family home. I rented out my previous house, which is currently valued at ~300K in Zillow. I created a new LLC and unable to move the title over to LLC as the mortgage company wouldnt allow me to (learnt the hardway). I've a $125K outstanding mortgage on it and a $105K HELOC maxed out. Rent covers it all + property tax etc etc (breakeven or slightly on the positive side). I'm getting back $140K from a foriegn investment in a few weeks. Now my dilema is

1. Should I pay off the mortgage so I can move the title to LLC for better protection and write off expenses and take advantage of depreciation etc and also help with my cashflow. This will allow me to increase my HELOC line and then borrow for further investment. I understand I may have to do a cash out refinancing and paying off my HELOC.

2. Should I use that $140K cash and buy other investment properties (I plan to build a buy and hold portfolio).

3. I plan to sell the house in a years time when the lease is about to end.  If I leave it as is (not do option 1 or 2), i'll get ~$50K.

4. Pay of the HELOC. It doesnt make sense to me, but its an option, unless someone thinks otherwise.

5. Or are there other options 

Looking forward to your expert opinions.

Thanks

Manoj