All Forum Posts by: Raj Tirur

Thanks all!  I ended up picking up a property last year. I'm actually looking to unload it as I need the cash for another investment. 3/2 SF beachside. PM me for details

Have you guys heard of Roma Street?  Could that be touched by appreciation?  On the mainland. Not beach side.

Thanks!

Hi,

Do people see Daytona as a place on the rise? I know that they are building a ton out there and they are trying to stimulate economy there and capitalize on tourism based on the below article. I want to buy a SFH, even though the returns are not as good as my local market now. Has anyone else heard good things about the developments in that market?

Thanks

http://www.news-journalonline.com/news/20160721/6900-homes-now-planned-for-daytonas-minto-development

These kind of properties make up some of my portfolio.  As long as I can justify with good rental demand and rental history there, and the repair costs to the building are not outrageous, it's a good play.  

Remember, that 1,950 is not your cash flow. Subtract your PITI roughly minus 700 if you put 20% down. Then the other expenses to run the place. That being said, the return is still pretty sweet. You could make up your cash investment in 2 years. Is it a multi?

I moved home to save money to buy a 3 bed condo. House hacked it for a couple years to save more money. In the meantime I had the good fortune of it appreciating close to 200K! Got a HELOC and got into multis. I now own over 20 units and am working towards a goal I find very achievable with hard work and persistence.

Have a plan of action.  I am currently in full acquisition mode and plan to take on debt as I grow my business.  In 3-4 years I will use my cash flow to chip away at debt and fully put the breaks on using leverage to acquire new properties.  

Is there a lot of crime in Holly Hill?  What should I look out for?  I might buy a 4 plex there for 150K which has a 11% cap.  I saw teh place, and it wasn't bad.  The area seemed a bit rough, but nothing I haven't seen before.  The tenant I met was actually pretty nice.

I am trying to get a conventional loan. My rentals are in an LLC that flow through your personal on your tax returns. Now I am being told my DTI is too high since I have all the debt from my rentals. If I had a C corp, this would not hit my personal return. Has anyone else had this problem?

Has anyone used this?  Are they legit?