All Forum Posts by: Surendran Palanimuthu

@Melissa Bains yes, it is 3bed,2bath each unit. it is built in 2019.

Hi Bp,

  I have a duplex deal in Lubbock Texas. so, i thought i would run it across people in Bp to get some opinion. It is duplex for 315k with tenants in place. each unit rent goes for $1350. neighborhood is Indiana Ave and 98th street. 

CoC = 7.3%

Cash flow = $505

i understand that CoC should be at least 10-12% for a good deal. This is will be my first rental investment property. so i'm more looking at passive income and i think it qualifies $200 per door condition (from @Brandon Turner webinars). so, could someone from Lubbock area, let me know if this neighborhood is good for rentals.

Thanks!

Hi All,
what a coincidence, i was looking for a investment property and found lubbock, Tx through a friend. Bp have a discussion thread already for this city. :).
Im also from California and a property investor looking for cash flow. I would be interested for a chat about this area.

Thanks

@Brian Garlington @Adrian Chu Im from Santa Clara county. hopefully, I will try to find some good deals nearby if not south bay. :)
@Jeremy Williams Hi, congrats on your first deals.
@David Song Hi, Yes, David. you are correct. Im spending time in learning the market.
@Ana Marie B. Hi, Nice to meet you here. sure, thanks for your help.
@Tyler Garcia for your question, this is my 2 cent answer. yes, you need the capital upfront to buy the property and also for Rehab. you may get this money from your savings, partnership, private money or hard money lenders. since you will be getting this property through BRRRR strategy, property will be fixer upper. so traditional bank wont be interested to lend on this. maybe, use the traditional bank for refinancing it later. probably, you know it already. :)

Hey Hi @Adrian Chu, when i decided to have rental property. mostly, i was looking at properties from redfin and i was just looking if rent in that area pays mortgage and maybe some room for short term expenses. didnt really think abt expenses like vacancy, cap ex etc and mainly not cash flow. mostly, rely on the appreciation in future. after listening to some podcasts, i learned that this math changes for each property and for each property, now i'm running number (Bp tools) and see if there are any hidden potential in the property and seeing if it is definitely cash flowing and not just appreciation. esp i like BRRRR strategy.

Hi @Tyler Garcia sure. lets meet after the crisis. :) 

Hi@Brian Garlington  yes, sure. will do. thanks. i have pre-approved 6 months ago from a bank when i was thinking to a buy house for myself, gladly didnt not. otherwise, would have stuck it rat race. i think, it is expired now and i cannot use that for rental property. rite ?

Hi @Collin Chan Thanks and Nice to meet you here. I have been following real estate market in bay area and know abt the neighborhoods in south bay. My wife is an architect and interior designer in Singapore. so, she is also good in analyzing the property. mostly, we are looking for SFH or small multi-family.

Hi All,

I joined Bp recently. I have been looking for rental property investments for a long time in bay area. Bp webinars/podcasts has changed my view on REI. Im looking forward to learn more and act.

Happy Investing,

Surendran