All Forum Posts by: Sastry Konduri

Hi All,

I am trying to offer for a MFH. 

1. The seller wants a non-financial contingent offer. My agent is asking to go in with a due-diligence contingency and if something happens with loan, we will use that contingency. Is it ok?

2. Did anyone do a drop/swap LLC swap before? What is the advantage(s)/disadvantage(s)?

3. The seller wants to do a 1031 exchange but does not have a property to do it. How are we protected in case he does not find a property and we perform?

4. The loan agent says it costs ~12k for appraisal of a MFH. Is it accurate?

Thanks,

Sastry.

Thanks for the messages everyone. 

@Account Closed after looking at a few posts here. But did not have a good start.

Hi,

I am looking to invest in homes in Columbus area and am wondering if someone can direct me to someone who can help me with my search. I am open to both SFH and MFH for buy and hold.

Thanks in Advance,

Sastry.

@Kevin Hunter Thanks for the detailed post! I did talk to a PM but did not speak to an insurance yet. Yes 15K is the rehab cost although there could be none.

I think Cash on cash is not making sense to me based on you analysis.

I will PM you Ashok.

Hi All RE Gurus,

I and my partner are trying to put an offer on a 4-unit in Ohio.

Purchase Price : 230K

Down payment: 57,500

Repairs: 15K(All the units are currently rented. But want to add this)

We want to do 15 year mortgage. Total expenses would be ~2322(5% capex, 5% vacancy, 6% mgmt, $100 Insurance)

Rent: 2800

Cashflow: ~480(It goes up to ~800 if it is a 30 year mortgage).

Do you guys think this is a good deal or I am missing anything in my analysis.

Thanks,

Sastry.

I am in the same boat. Am biased towards 8-10 unit Apartment complex. But would like to hear more opinions.

Hi All,

I am a RE investor from the Bay Area. I am looking to invest in small multi-family (2-4 units) in the Sacramento area. I am interested in getting connected to investor friendly agents. Please suggest me a good agent.

Thanks,

Sastry.

 @Sean Perinuzzi

I think it is not that desirable even though it is close to a school. College students prefer to live with roommates and party ;) So your options are limited that way also IMO.

All 1Br/1Ba apartments? I am not an expert yet. But I think its better to invest in a property which has more 2 br 2 ba or 2br 1ba. The reason is 1 br/1ba usually limits the people who you rent to.