All Forum Posts by: Souji Kumar

@Craig Bellot thank you for your input

@Ryan Detig, where do you invest near Houston?

I thinks it's late now as I already paid for inspections appraisal and initial escrow deposit. What can be done from now 

Hello Biggerpocket, 

This platform has been very helpful in increasing my insight into real estate and really appreciate everyone's input.

I am almost end of the process of buying a property in Houston.

Purchase price :154k, 2007 built, 2160 sq feet, decent school ratings.

May rent for $1395

20% down

Cash flow after all expenses PITI, management 8%, vacancies 5%, repairs 5%, leasing 1/2 month rent per year- will be around $60.

Was it a good buy with so low cash flow. Any advice for future buying and is it still good to buy anything in Texas! 

All inputs highly appreciated 

Hello Michael, thanks for the update. Hope you tenant pays the rent soon.

 started process for closing my first property. Could you share the details of the insurance agent you used for the investment properties? Thanks in advance

thank you Michael 

@Michael L.

I have another question. Has there been any increase in the rent in 2016 compared to when you started. Thanks

Souji

@Michael L. thank you very much for sharing your experience very useful. Just signed up for 2 properties with elite which per them will be delivered in June-July. I have heard that their delivery is longer than anticipated. Could you please share your inspection office details. Could you also share how has it been the cash flow with your 2nd property. This is my first investment. Do you suggest anything in particular I need to do before closing. All your help is highly appreciated for newbies like me. Thank you so much.

@Michael L. Could you share the appraised value for the property. Thank yoy