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All Forum Posts by: Gaurav K.

Gaurav K. has started 3 posts and replied 4 times.

Post: Turn around cost - looks high

Gaurav K.Posted
  • Rental Property Investor
  • Carlsbad, CA
  • Posts 5
  • Votes 0

Hi there - I got this estimate for turn around cost for my rental. I property is rented for $850. Spending around $4K to turn seems very high. The property is in IN. I already pushed back on paint, and they said "dead roaches on the walls that need to be scraped off and treated before repainting." 

Would appreciate any advise on how to push back on this estimate (unless this sounds about right)? I don't live anywhere close, so I am dependent on the property management. I bought the property in Jan 2019, so it's been two year. The property was a turn key purchase. So was renovated before purchase.

Post: Need Recommendation - Home Inspector in Hammond, IA

Gaurav K.Posted
  • Rental Property Investor
  • Carlsbad, CA
  • Posts 5
  • Votes 0

Hi there - I am investing in an out of state property in Hammond, IA. I am looking for a home inspector who understand real estate investing. Can you please recommend someone?

thanks.

Post: Advise on rate - First single family investment property

Gaurav K.Posted
  • Rental Property Investor
  • Carlsbad, CA
  • Posts 5
  • Votes 0

I am in the process of purchasing my first property. Was looking for some advise on the current 30yr mortgage rate for investment property. This is what I received from the bank for a $61,500 loan with 20% down.  I just want to do a sanity check. Does this look about right? Any thoughts on buying points and lowering rate, basically why option would you pick? 

Also they are asking for $600 for appraisal and clearing any security holds

RateP & IPoints / Lender Credit ($/%)LockPeriod
5.250$3401.875% ($1154)45
5.375$3441.625% ($1000)45
5.500$3491.250% ($769)45
5.750$3590.875% ($538)45
5.875$3640.500% ($308)45
6.000$3690.250% ($154)45
6.125$374-0.250% (-$154)

45

Thanks much. 

Post: San Diego Tri Plex COMING SOON!!! National City

Gaurav K.Posted
  • Rental Property Investor
  • Carlsbad, CA
  • Posts 5
  • Votes 0

Hi Andrew - I am getting started in the area and in the real estate investment. Can you please share additional details?

best,

g