All Forum Posts by: Ravi S.

@Scott Meyers thank you for your advise and guidance.

I read your book and your articles.

I am going to follow and start taking action on your golden Nugget wisdom

@Michael Plante you are so inspiring Michael

I got a 1000 Sq feet painted art 1000 $ including paint and labor

@Trevor Murphy

If the popcorn ceiling was done after 1998

is it still a toxic or cancer hazard?

@Jeffrey Davis nice article

Thanks for sharing

@Paul Clement where are you looking for?

@Srushti Khairnar

Because you are the owner I believe therefore you are the person paying the property manager, simply for that reason the property manager needs to know that your ears should be the first years to hear anything about the property. If the property manager doesn't like this idea then it's time to fire the current property manager and get a new one

Is the real estate market and economy headed for down turn?

Demand for real estate commercial or residential is not that strong.

China is down

India between stable and down

Europe down

South America and Africa down

So is it turn if USA next?

What do you think?

@Nathan Asher Robson sometimes Zillow doesn't update that the listing is closed or sold. I have had such experience multiple times that put an inquiry and turned out that the home had got sold long back but Zillow still shows it as available

@Joseph Bass   YES Paying Cash for the whole deal

@Andrew Zannotti Paying cash so no mortgage, but yes you are correct I should plan for vacancy rate of 5% in, maintenance and CAPEX ( they have roof expense coming in 5 years which will be an assessment of 20,000 )

A question Andrew: I am first timer so I don't know much hence request you to please guide. What NOI as a % should I be targeting while looking for BRRR or Rehabs ?

@Theresa Harris Rent (after deducting HOA fees) should be equal or more 1% of Purchase price , right ?

@James Bigley Yes the HOA fees are unbelievable ( they cover common insurance and common areas utilities ), yes I agree with you they are high.

Giving Up votes to all of you for your kind help and guidance.

Hello Friends,

I an new so I request you all to please help and guide.

1 bedroom 1 full bath 1 half bathroom Condo

Listing price 68,000
likely to accept offer of 65,000
+ need to pay 17,000 assessments ( whole building concrete, carport, railings are being changed and upgraded )

+ rehab needs 10,000 ( appliances, rehab half bath, change vanities in main bathroom, paint cabinets in kitchen, regrout, electrical )

total 92,000

can be rented out for 1300 x 12 = 15,600

monthly HOA 608 x 12 = 7,296

annual taxes expected: 900

net income: 7404

Percent Return on Investment: 8%

is this good ?

given that market is at peak

is this good to invest at these numbers?

I an new so I request you all to please help and guide.

thank you very much,

Ravi