All Forum Posts by: Vinod Sirimalle

thanks for the advice, @Sarah Ziehr, @Russell Brazil, @Leigh C and @Teri Feeney Styers

I was going in the direction of a relatively stable rentals and cash out after a fairly long time. Yes, the locking in of my capital is the one I am concerned about. My thought around that was to get a HELOC after sometime and use that cash for future investments. Can i not do that if the ltv is decent?

thanks @Mindy Jensen. I do plan to do inspections. 

I get the feeling that this is low return, but could be good for the long term.

@Paul Sorgi - Yes, I have a decent network in FL, and that helps me a bit.

@Mike Waltman - I did use the rental property calculator. The CAP rate I got was ~6% and CoC ROI was around ~ 6.9%.

Based on all the conversations in this forum, purely looking from a short-term investment standpoint, it's not a good deal. But, I never could establish in my head whether the equity gain over a long period of time is worth it.

I came across a recently flipped property (SFR) at $195K in central FL, rents are in $1500 range. I am still new to this investing, so need advice. This property is in a good school district, well established area from employment standpoint. This property is completely renovated. So, my question is if I want to purchase this for buy-and-hold with conventional financing, is it a good idea?

With 20% down, some conservative assumptions on monthly expenses and future expenses, I am looking at a cap rate of 6.5%. But I am not sure if I should be looking at CAP rate at all if it is a buy and hold.

What would you recommend?

Btw, this is for a SFR, 3/2. I am thinking 20% down.

I came across a recently flipped property at $195K in central FL, rents are in $1500 range. I am still new to this investing, so need advice. This property is in a good school district, well established area from employment standpoint. This property is completely renovated. So, my question is if I want to purchase this for buy-and-hold with conventional financing, is it a good idea?

With some conservative assumptions on monthly expenses, I am looking at a cap rate of 6.5%. But I am not sure if I should be looking at CAP rate at all.

What would you recommend?

@Matthew Kelsey - I was considering putting $45k into it, but of course, backed out now.