All Forum Posts by: Paras Turakhia

Have identified a series of properties i wish to purchase all under $50k. However, most Loan officers wont even call me back when they find out the subject property is under 50k. I even tried local credit unions etc. 

Any updates on Shippensburg i see some great investment opportunities. What do you guys think about it right now?

@David Krulac @Travis Wylie @Darren Bailin

@Brent Coombs Thanks for you reply! I am flexible as to where ill live. And after doing some further research im understanding why your saying don't mix my residence with my investment. Any idea on some great upcoming markets for Multi-family and apartments?

@Account Closed Thanks so much for your input. To better define the way i am trying to go is in Multi-Family and or Apartments. My main goal right now is generating consistent income as i am planning on getting on this full time. I guess the residence part is secondary at this point. But your right i need to generate a business plan for this. That would be the only way to reverse engineer it and target my goals. 

However still a bit lost with regards to where to invest. I know i dont want to invest where i live. Ideally id like to invest it in an upcoming metropolitan market. Something along the lines of a west palm beach or Miami. Sending you an email to better connect and get your info. Thanks again! 

I am coming across a decent chunk of Cash $700,000. I want to get into RE full time I currently have 3 Low-end rental properties i bought a few years back in Delaware. 

Goals: 

1. Make a good and safe residual income (by safe i mean recession proof, and always being able to pay of my Monthly Payment)

2. Move to an aspiring area have been thinking Florida or California. 

3. Get into Realestate full time.

4. Great School Districts.

Questions:

1. How would you invest this?

2. Would an FHA Loan be advisable since i have never bought a house?

3. Besides FL & CA. What are some other markets you would suggest. 

4. What is a correct LTV to aim for, something about even a 20% LTV scares the Day lights out of me as all i have is this 700k. Being that if something goes wrong due to vacancy and i cant make my payments, i could loose everything.

5. Your general advice please!