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All Forum Posts by: Vinodh Rajagopalan

Vinodh Rajagopalan has started 3 posts and replied 7 times.

Post: Turnkey property in Hammond, IN

Vinodh RajagopalanPosted
  • Dublin, CA
  • Posts 12
  • Votes 1

Planning to buy a turnkey property in Beech Ave, Hammond, IN 46324. Trying to get some insights on the area & neighborhood from fellow investors. Could this be considered a B- neighborhood or is it more of a C class? Rent is currently set at $1195/month. Primarily investing for cash flow, so how is the future rent appreciation potential at this price point in this neighborhood. Thanks!

Thank you @Mike Anderson for the response.. A few lenders reached out to me through biggerpockets and I chose MB Financial Bank.... the experience has been good so far and we should be closing in a week or two.

Hello BP Memebers,

Looking for a good lender recommendation for doing a cashout refinance in Arizona for a rental property (Single Family Home). 

Any contact will be much appreciated. Thanks!

Thanks,

Vinodh.

Originally posted by @Larry Fried:

I would focus on the upper end of your range - at least $80k to $90k - or more if you want to really buy in B neighborhoods.  Look to Midwest cities. 

 Thank you Larry!! Any recommendations for Midwest cities or neighborhoods in that price range. Also, do you have any references to good turnkey providers in those cities. Thanks again for all the inputs!!

Originally posted by @Angus Yang:

@Vinodh Rajagopalan, MemphisInvest is a premium TK company that looked really good when I was chatting with them. You can search for similar posts about them on BP, you'll see most of the people who have used them are pretty satisfied with their purchased. 

Only concern would be pricing, but it looks like a premium product so it's definitely something to consider.

 Thank you Angus, will research about MemphisInvest.

Originally posted by @AJ Singh:

Memphis can yield you good cash flow. Some great b plus neighborhoods in the 90k range

 Thanks a lot AJ, do you have any recommendation for turnkey companies in Memphis?

Hello BP,

I am looking for a good B class neighborhood for turnkey investment that would yield a good cash flow. I live in CA and ok with out of state investment. This would be my second out of statement investment with the first one being in AZ. Any suggestions for a good B class neighborhood would help me kick start my research and get going with my second investment. I have a 2 months time frame to buy this property and will be doing conventional financing with a 25% down, so primarily interested in properties within the 60K to 90K range. Thanks in advance for your help!!

Thanks,

Vinodh.