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All Forum Posts by: Ranga Ramanathan

Ranga Ramanathan has started 9 posts and replied 38 times.

Post: Just put a deposit on a sports car. Am I a complete dummy here?

Ranga RamanathanPosted
  • Investor
  • Lake Zurich, IL
  • Posts 38
  • Votes 14

@Scott V.

I am not here to criticize your fun car, it’s your prerogative but If it isn’t Tesla, I am really sorry.

Post: Small Deals Mean Wasting Time & Making Small Money

Ranga RamanathanPosted
  • Investor
  • Lake Zurich, IL
  • Posts 38
  • Votes 14

@Michael Ealy

Congrats on your success. As a passive investor I view buying single family just as buying stocks once i give it to the property manager I am done. Not every body wants to deal with all the things that come with larger deals.

Everybody can own Apple stock not everybody want to own a company like Apple or run a hedge fund, more power to people like you who can make it happen!!!

Post: Good Property Management Company Milwaukee and Suburbs

Ranga RamanathanPosted
  • Investor
  • Lake Zurich, IL
  • Posts 38
  • Votes 14

Can Someone please recommend a good property management company that manages in and around Milwaukee.

I have 5 properties and I am not very happy with my property manager.

Thanks for your help.

Is it just me or others have this problem, my android app does not have new episodes, the most recent on mone is fron Sep 6th. Anybody figure any work around besides watching in Youtube? Thanks

Post: What about this investment property?

Ranga RamanathanPosted
  • Investor
  • Lake Zurich, IL
  • Posts 38
  • Votes 14
@Jason DiClemente It is done professionaly based on home inspection carried out by previous potential buyers that fell thru due to buyers income situation. i dont plan to.apply permit in short span, long term i will have to spend more money if necessary to right things, that is the risk i thinks is woth taking for the deal. Thanks for your suggestion.

Post: Buying a property with unpermitted attic expansion

Ranga RamanathanPosted
  • Investor
  • Lake Zurich, IL
  • Posts 38
  • Votes 14
@Christopher Phillips Thanks a lot, i kinda line up with your thought in my risk analysis but wanted to make sure i wasnt rationalizing to convince myself. It is definitely not a new build, it has ben there for a while, it has heat and AC amd electrical, i highly doubt some homeowner could have winged it, but certainly possible. Thanks

Post: Buying a property with unpermitted attic expansion

Ranga RamanathanPosted
  • Investor
  • Lake Zurich, IL
  • Posts 38
  • Votes 14
Working on it . Thanks

Post: Buying a property with unpermitted attic expansion

Ranga RamanathanPosted
  • Investor
  • Lake Zurich, IL
  • Posts 38
  • Votes 14
@Will Gaston Thats encouraging, i did check the city website and found a permit for new construction in 2006, not too much detail, the home was originally built in 1923 so i though this may be the attic finish, but not sure and dont want to raise flags by calling them about it. I have decided to buy the property based on the rental return projections. Thanks
@John Warren Hello John, i invest in Milwaukee area, this one is in South side of city of Milwaukee. Thanks I primarily look in northwestern suburbs in Chicago atea but haven't found a deal yet, property taxes too high.

Post: Buying a property with unpermitted attic expansion

Ranga RamanathanPosted
  • Investor
  • Lake Zurich, IL
  • Posts 38
  • Votes 14
Hello all thanks for reading I am looking at this 3 bedroom 1 bathroom single family residence in a solid C neighborhood it has a really good rental return little over 1% rule. The problem is public records say this is a 780 square foot 2 bed one bath but at some point they finished the attic to add a 400 square-foot livable space. The work looks very professional you can't say that it sticks out I don't plan to do any major Reno at this point that will require any kind of permit but I do have a plan to add a bathroom to the finished attic area sometime in future to add some value. Would you buy this property thanks for your suggestions. Sorry if this is a repeat post my previous post didn't appear for a while Ranga