All Forum Posts by: Thiyaga Rajan

 Is rental market there doing fine? Is it a relatively stable market to rent out and is there rental demand?

Hi,

Anyone recently invested in Manteca CA? How’s the rental market looking like?

Hi,

I have a potential deal that might cash flow in OliverHurst CA but would like to know the opinion on how the place is and it is ok to invest?

Thanks

Get an Real estate investor agent preferably involved and they will guide you. I hope you have run the preliminary numbers and have decided the amount to put and the property range you want to get. That will help when you are working with an investor agent.

How is the rental market in mid west area? I see rental market slowdown in Triad NC, Ocala FL and appreciate your inputs if it makes sense to go for any value add SFR/small Multi family with the recession coming up by year end, high interest rates and rental market slow down?

I own a property in Ocklawha and the one you mentioned is fairly close to it. There is very poor response for the rental and many of the homes are lying around for rental for 2+ months. Ocklawaha and Ocala are not same and Ocklawaha is very rural with no infrastructure. Suggest to stay away from Ocklawaha (I also bought property through the same company you are in contact) in this brutal economy based on my experience thus far. I also closed one another property in NC which is in excellent location and is doing good. So in this condition, it really boils down to the location and that is the key.

I am looking for agent contact for MUlti Family with 5 units at Greensboro. Kindly share any contact details. The one with State Farm is very expensive.

 Really appreciate your insights. This Multi family is 5 units and is located right next to university and downtown and hence literally no vacancy and bigger scope for appreciation and can be setup as LTR(currently it is) and MTR. My problem is the 6.5% commercial loan with amortizing over 20 years. Agreed it builds a nice equity but high interest rate and amortization period thins the cash flow.

Also because of the high interest rate able to at least offer for properties and also have a fear of not losing out like 2021/2022 when I was outbid even before I can approach a contact for sale.
 

Hello BP community, need your thoughts. Getting a Multi family for 475K and the expenses including PM comes to around $1200 and will have around $3300 left. Reserving 10% for maintenance, I would be able to have $2900 finally. The commercial mortgage comes to around $2600 for 5 year term ammortized over 20 years with balloon for now after 5 years. I can either 120K (25%) and get the rest as loan which will leave a very thin margin of about $300 every month. However with another 50K I have an option to pursue another triplex and still do not have information on rent roll and expenses on that.

What is the suggestion? Go for another property and ignore the cash flow on the 1st property or focus on cash flow on the 1st property?

If I put the minimum 25% on 1st property I would be able to close the 2nd property but would not be able to cash flow on both and both Multi family units are in great location and have good appreciation scope. Please advise.