All Forum Posts by: Praveen Balaji

I would like to give a shoutout to STOP Restoration for an excellent job that they did recently for me. I highly recommend their services to anyone in need of reliable and professional restoration work.

As an out-of-state investor, finding reliable and trustworthy professionals to handle restoration projects is crucial. STOP Restoration, led by John and his exceptional team, has proven to be exactly the kind of professionals I need to have peace of mind.

My crawlspace required repairs to the condensate, dehumidifier and the vapor barrier. Throughout the execution of the project, their communication was outstanding. They kept me informed every step of the way, ensuring I was comfortable and confident in their work despite the distance. Their attention to detail and commitment to high-quality results truly set them apart.

What impressed me the most was how quickly and efficiently John and his team responded. They banged out a complete diagnosis and estimate within hours of my property manager reaching out to them. John was extremely patient and transparent when I asked for an explanation of the scope of work and costs, making sure I fully understood every detail.

John and his team went above and beyond to ensure that everything was perfect. They even followed up multiple times to make sure everything was working properly and met their high standards. It's this level of customer service and professionalism that makes them the only restoration company I would recommend.

 Hi Jeet. Thanks for the details. I sent a connection request.

Praveen

 Thanks for the details @Matthew Kwan. Would like to sync up with you. Sent a connection request.

Hello forum.

I am looking to upgrade to a SFH in the Fremont/Milpitas area and am looking for a way to finance the purchase. Here is my situation:

1. About 10-15% downpayment available in cash

2. Planning on selling current townhome to purchase

3. Looking for creative mortgage options like 3-2-1 buy down, mortgage recast etc. to save on points, mortagage rate etc.

4. Excellent credit

If you can help finance or know someone who can, please reach out to me.

Regards

Praveen

Thanks for the suggestion @Anson Young

I'll try to workout something with my agent or find a BPO agent to do the work for me. I would still be left with the problem of how do I scale this to say 50 properties? Or 100. I guess this boils down to experience, like you say. Once I estimate a few properties in an area, I may be able to quickly go/no-go on a property.

I'm an out-of-state investor investing in Charlotte. I recently purchased my first SFH completely remotely. For my next project, I want to improve my cash flow with a flip. I would appreciate some advice from experienced out-of-state flippers about estimating rehab costs remotely.

I have a reliable real estate agent on the ground who help me with my first project. I also have some contractors that I'm speaking with that are experienced with investors and flips.

Before I get my agent and contractor to estimate costs of a property, I would like to have a system in place where I can make some reasonable go/no-go decisions at scale remotely. How can I efficiently estimate what condition houses might be? Should I speak with the seller agent and then compensate for their bias?

Thanks in advance for all your suggestions.

I'm an out-of-state investor investing in Charlotte. I recently purchased my first SFH completely remotely. For my next project, I want to improve my cash flow with a flip. I would appreciate some advice from experienced out-of-state flippers about estimating rehab costs remotely.

I have a reliable real estate agent on the ground who help me with my first project. I also have some contractors that I'm speaking with that are experienced with investors and flips.

Before I get my agent and contractor to estimate costs of a property, I would like to have a system in place where I can make some reasonable go/no-go decisions at scale remotely. How can I efficiently estimate what condition houses might be? Should I speak with the seller agent and then compensate for their bias?

Thanks in advance for all your suggestions.

Good thread.

I'm researching for flips in Gastonia area as well. I'll post here what I learn.

Yes, inventory is low. I just purchased a SFH in Matthews. Had to run numbers on 100s of properties before I could find one with a positive cashflow. Barely positive. I'm shifting my focus to rehabs and flips.

Also, look for properties that have been on the market for a while. I found that there isn't necessarily anything wrong with those. The seller just got greedy. And then, the house just stays on the market.

If you're willing to go out a little bit, and possibly rehab, Gastonia seems to be picking up steam.

All the best. Let us know what you find.

 This is my first investment and I've been doing nothing but running numbers on over 100 properties. I hope I got them right on this one.