All Forum Posts by: Saurabh Kukreja

I currently own one out-of-state rental property and am planning to acquire another. However, the high-interest rates are significantly affecting my operational costs. A neighboring property, similar to my current rental property, is now on the market at the same price I paid two years ago, with comparable rent. Unfortunately, the cash-on-cash return isn't the same due to the interest rates.

Should I proceed with the purchase now, or wait for interest rates to decrease before re-entering the market?

What strategies are others using when looking at MLS listings at this time?

Does anyone here invest in Parking spots ? Can you share on some insights about how does this work ?

Is it like long term hold and wait approach ? What are the operating costs associated with this ?

Hello Everyone,

I currently own a property in the 38141 zip code and am considering purchasing another one. My experience with the existing property has been mixed, with challenges such as missed rent payments and evictions. Now, I am getting into a deal for a second property, which is already rented out until March 2025. The numbers for this property look promising on paper.

Although I am not particularly fond of the street view, this new property is located in the 38128 zip code, near Raleigh Cemetery. Is this considered a good block in that area?

What steps can I take to ensure I am making a sound investment?

I've requested a ledger from the owner to verify the tenant's payment history, but I'm aware that documents and screenshots can be falsified. How can I confirm that the tenant is paying on time and properly maintaining the property?

Would anyone be willing to check out the place (apart from a formal inspection)? I am willing to compensate for your time.

Thank you.