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All Forum Posts by: Phaneendra Rupanagudi Venkata

Phaneendra Rupanagudi Venkata has started 3 posts and replied 4 times.

Post: Looking for property management in Harvest/Huntsville AL

Phaneendra Rupanagudi Venkata
Pro Member
Posted
  • Posts 4
  • Votes 4

Property is going to be in Harvest Alabama - its a 4 bed 3 bath 3100 sq ft. WAnt to know the rental market in general here and i see its like its less than 20 miles away from Huntsvill which is an university town and better market but never heard of Harvest but its a good deal that I dont want to miss.

Pls suggest for good property management companies in this area - also if you have rough idea how much will it rent for here for the above specifications... it would be great. 

Post: Wholesale on pre-foreclosure property?

Phaneendra Rupanagudi Venkata
Pro Member
Posted
  • Posts 4
  • Votes 4

How does wholesale work on pre-foreclosure property? Can someone help me ? Whom should I contact and how for a property that is in pre-foreclosure? All the websites do not show seller listing agent or any info. 

What is the best way to proceed? IT is a good opportunity and very close to me and probably would like to either do wholesale ( due to some commitments)  or I might flip or rehab + rent....  

Also looking to see when does SUBTO help in great way - when there is not much equity in the property I believe? 

If there is enough equity - will seller/person going into foreclosure agree to it ? May be he is in such a situation to sell it badly at any cost to save foreclosure/bankruptcy? 

Post: New to biggerpockets

Phaneendra Rupanagudi Venkata
Pro Member
Posted
  • Posts 4
  • Votes 4

Joined biggerpockets about a month back and looking eagerly to find a rental property and close soon. Looking forward to collaborating and enjoying with the community here, and getting some help too…

Post: Atlanta, GA SFR (Buy & Hold)

Phaneendra Rupanagudi Venkata
Pro Member
Posted
  • Posts 4
  • Votes 4
Quote from @Jim Moore:

Investment Info:

Single-family residence buy & hold investment in Villa Rica.

Purchase price: $195,000
Cash invested: $60,000

Rented for $1,800

What made you interested in investing in this type of deal?

High cash on cash return with low risk.

-Neighborhood: B
-Age: Brand new construction w/ builder warranty
-Curb Appeal: All brand new interior, will rent fast, little downtime
-Cash on Cash Return: Year 1 investment $60,000, net monthly cashflow $600 ($7,200/$60,000 = 12%)

 Great numbers - would be interested too !!!