All Forum Posts by: Sunanda Nair

My first 2 investments were small rentals with minor work involved & I paid cash. Many ppl thought it wasn't worth it but it was risk I was comfortable taking and it worked out for me to start. This was a few years ago and interest rates weren't as low as we are seeing now though and since then those places have appreciated 2x. Rent late last year got a little dicy so honestly i was glad to not have mortgages on everything.  I mostly did it cause one I was new to re investing and didn't really want to be on the hook for another mortgage. I had just bought a small place in a very expensive metro city with my family and did not want to worry about another mortgage. If I had lived in a place that was less expensive I may have thought about it differently. There are definitely advantages to leveraging as you can get more properties for significantly less money along w/ some tax benefits. I think at the end of the day it's what you are most comfortable with. If you are just starting out i don't think it's terrible to go with cash and see how it goes for a set amount of time. 

Hey, I own a few properties in Pitt County, but wondering if anyone has experience in buying multifamily properties in Greenville, NC? Curious how it's gone or if you would stay away

@Ric Kenworthy thanks for the info! really appreciate it

@Pamela Sandberg thanks! i might have a few other questions :)

@Donald Kellogg thanks! strategy is to buy and hold for a while and rent out.

The neighborhood is technically 'coranado' on  Vista Rd Phoenix. Curious if anyone has experience in this area etc.. I would be investing from MA. I have 3 investments out of state but curious to get more info on this area and if people would recommend it 

@Josue Velney I know this post is from a while ago but I spent time in a BNI group while I was a salesperson for a POS tech company in 2013/2014.  If you haven't already experienced BNI or given it more though I think it *can* be worth it. It depends on the group and I would definitely go to a few as you can get a sense of people there. I am not a real estate agent, however I will say the group I was in was very helpful and even though I am not in it anymore I still utilize that network for advice and referrals. I worked with people years later and they helped me out a good amount in various areas.  I know the real estate agent in my group frequently worked hand in hand on many deals with other professionals in the group which included insurance brokers, contractors, lenders etc.. Given that most of the group I was in had a lot of tenure there was a tremendous amount of repoire and trust built, and people provided the best advice and/or services regardless if that meant it benefited them directly or not. 

@Bill Hampton thanks! I'll take a look and appreciate the tips! Also, side note I took a look at your website and was pleasantly surprised you have a Wistia video on your home page! I have worked for the company for almost 2 years :) 

I am looking to expand my real estate investments next year and think I need to look for a new cpa. Anyone have any good recommendations, or places to look, for a cpa who knows real estate investing? 3 of my investments are out of state but I do have one in MA as well.