All Forum Posts by: Naveen kumar Vadlamudi

Note: I know that it is currently bleeding but given the price and fixing it up a bit ,may be a good one. I am open to take any feedback on suggestions for a 1st timer.

Thanks in Advance

1 Vote

Hello @Greg Scott

Thank you so much for taking time to review and provide insights. i have made adjustments to my analysis based on the provided feedback. here is the updated Chart. please suggest if i am missing any thing else. Thanks in advance

0 Votes

Hello All,

i came across this college town property - it is a value add opportunity.

14 Unit Complex - 12 2bed/1bath & 2 1bed/1bath * Separate electric and water meters. Central heat & air*

I made this below chart based on this community shared knowledge (Thank you all).

Need

1. would you consider this property at all ? if so why ?

2. can i pursue this opportunity and fix it to add value as a first timer?

3. what is the good price+/- to offer on this property ?

Note: I know that it is currently bleeding but given the price and fixing it up a bit ,may be a good one. I am open to take some heat so please give me honest and open feedback.

Thanks in Advance

0 Votes

Hello All,

i came across this college town property - it is a value add opportunity.

14 Unit Complex - 12 2bed/1bath & 2 1bed/1bath * Separate electric and water meters. Central heat & air*

I made this below chart based on this community shared knowledge (Thank you all).

Need

1. would you consider this property at all ? if so why ?

2. can i pursue this opportunity and fix it to add value as a first timer?

3. what is the good price+/- to offer on this property ?

Note: I know that it is currently bleeding but given the price and fixing it up a bit ,may be a good one. I am open to take some heat so please give me honest and open feedback.

Thanks in Advance

0 Votes

Quote from @Mary McGinty:

Quote from @Naveen kumar Vadlamudi:

Hello All,

I am Naveen 32 years old from New Jersey and I am looking to invest in college towns in midwest. This is my first investment and planning to invest in multiple properties over the next 5 years get financially independent. please suggest good markets to invest in midwest. i am currently looking in Kansas, Iowa and IL.

Hi Naveen,

I would suggest to look at the University of Notre Dame in INDY. The INDY market is growing for many reasons. There sports teams are on the radar, RE expansion and Eli Lilly a major pharmaceutical company moved their headquarters there. This is just a start.

Mary

@Mary McGinty Thank you so much for the information, i will surely look into that market as well.

1 Vote

Quote from @Travis Timmons:

I've kicked the tires on a mid term rental in Champaign-Urbana, IL. I grew up in the area and know it well. Urbana has one of the only Level 1 trauma center hospitals in the state located outside of metro Chicago, the university is a source of furnished housing, and Champaign county is one of only a few counties in IL with a growing population.

Taxes are high and the growth is pretty meager, but if are looking for a place sub $200k that has some real year 1 cash flow, it's not a terrible option. Take my half hearted investment for what it is - I ultimately decided not to invest there but can see the merits.

One more note from a guy that is financially independent. It's pretty unlikely that you'll hit FI in 5 years unless you have paid off properties. Even if you had a dozen mid term rentals in a cash flow market (which would probably be $2-3M of property), you're probably only going to net $4-5k/month hoping to avoid the big capex expense like a roof or furnace. The truth is that real estate doesn't pay you well when you need the money. It's like the properties know you depend on the cash flow and something breaks. The only real cash flow to live off of that I see is a short term rental purchased 2+ years ago, a long/mid term that has been owned for 5-10 years, or a paid off property.

It's still a worthwhile goal that you should pursue, and I don't know your starting point. I would, however, just urge you to lengthen your time horizon. Also, buy the properties that you would want to own the most 10 years from now...not the best year 1 cash flow performer.

Hello @Travis Timmons Thank you so much for the insights provided. I will defiantly consider and give a thought on long term holdings.

0 Votes

Quote from @Will Gaston:

@Naveen kumar Vadlamudi this thread on college rentals may be helpful:

Nearing 1,000 College Tenants - Here's What I've Learned

Thank you so much for the information :)

2 Votes

All Forum Posts by: Naveen kumar Vadlamudi

Naveen kumar Vadlamudi has started 6 posts and replied 11 times.

Post: Office Building in Small Town - Analysis Feedback

Post: Commercial Office Space - Opportunity Zone Downtown Analysis

Post: Commercial Office Space - Opportunity Zone Downtown Analysis

Post: 1st deal - Please help on the Analysis and pricing.

Post: Need Help on deal analysis and price suggestion - 1st deal

Post: 1st Deal - Please Help on insights and pricing

Post: Need Help on deal analysis and price suggestion - 1st deal

Post: New out of state investor looking for college towns

Post: New out of state investor looking for college towns

Post: New out of state investor looking for college towns