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All Forum Posts by: Vijay Radhakrishnan

Vijay Radhakrishnan has started 5 posts and replied 14 times.

Post: Positive experience with Rent to Retirement

Vijay Radhakrishnan
Pro Member
Posted
  • New to Real Estate
  • Chicago, IL
  • Posts 18
  • Votes 11

Post: Positive experience with Rent to Retirement

Vijay Radhakrishnan
Pro Member
Posted
  • New to Real Estate
  • Chicago, IL
  • Posts 18
  • Votes 11

I closed on my first turn-key rental property through Rent to Retirement back in October 2024. @Zach Lemaster and his team was super helpful, supportive, and knowledgeable which ensured a super smooth purchasing process! The R2R team was great with communication, providing guidance and insights, and getting me in touch with the proper resources. Their academy modules and webinars are super helpful as well. As always, please be sure to do your own research and run your own numbers before investing. I did this prior to my R2R purchase to ensure my numbers were in the same range as R2R's projections. Once you do your own due diligence and the numbers check out, its pretty smooth sailing with R2R's support. My purchase was a single family home in Akron, Ohio. No issues as of yet and the property management company has been great so far. If you are looking to invest in turnkey properties, I recommend checking out R2R. 

Post: Looking for an investor friendly GC in Cincinnati

Vijay Radhakrishnan
Pro Member
Posted
  • New to Real Estate
  • Chicago, IL
  • Posts 18
  • Votes 11

Thank you @Scott Allen for the guidance! Will do. 

Post: Looking for an investor friendly GC in Cincinnati

Vijay Radhakrishnan
Pro Member
Posted
  • New to Real Estate
  • Chicago, IL
  • Posts 18
  • Votes 11

Thank you @Sam McCormack! Much appreciated. Feel free to DM me! 

Post: Looking for an investor friendly GC in Cincinnati

Vijay Radhakrishnan
Pro Member
Posted
  • New to Real Estate
  • Chicago, IL
  • Posts 18
  • Votes 11

Thank you for that advice @Jonathan Greene! I was not aware of that as I am still newer to BP and haven't really posted much on forums before. I appreciate the guidance! 

Post: Looking for an investor friendly GC in Cincinnati

Vijay Radhakrishnan
Pro Member
Posted
  • New to Real Estate
  • Chicago, IL
  • Posts 18
  • Votes 11

Hi All, 

I am looking for an investor friendly general contractor that serves the Cincinnati area and has experience working on flips and BRRRR projects. If you have any referrals or recommendations, please send them my way. Thanks so much!

Post: First Long Term Rental Purchase

Vijay Radhakrishnan
Pro Member
Posted
  • New to Real Estate
  • Chicago, IL
  • Posts 18
  • Votes 11

@Taylor Dasch, I think it will depend on the market you select (always should run the numbers yourself as well), but my Akron property is expected to bring between $200 and $300 / mo after PM fees. Nothing crazy, but a good starting point for me to test things out and see how it goes 

Post: First Long Term Rental Purchase

Vijay Radhakrishnan
Pro Member
Posted
  • New to Real Estate
  • Chicago, IL
  • Posts 18
  • Votes 11

Investment Info:

Single-family residence buy & hold investment in Alexander.

Purchase price: $150,000
Cash invested: $37,500

Turn-key long term rental in Akron, OH

What made you interested in investing in this type of deal?

The Akron market has good fundamentals. I also found a great property manager and rehabber there.

How did you find this deal and how did you negotiate it?

Rent to Retirement helped me find this off-market deal. They are a turn-key real estate investment group and great to work with!

How did you finance this deal?

Conventional financing

How did you add value to the deal?

The property was turn-key, may make some additions in the future.

What was the outcome?

A turn-key rental added as the first of many to my real estate portfolio!

Lessons learned? Challenges?

Learned a lot about the process while property is under contract (coordinating home inspections, appraisals, getting documentation to the lender, etc)

I should have locked in my interest rate two weeks ago before they shot up recently!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Rent to Retirement and Steve Yoak out of Akron, OH

Post: Investor Focused Real Estate Agent in the Chicagoland Area

Vijay Radhakrishnan
Pro Member
Posted
  • New to Real Estate
  • Chicago, IL
  • Posts 18
  • Votes 11

@Eudith Vacio Yes that is something I would be open to! I'll DM you and we can discuss further. 

Post: Investor Focused Real Estate Agent in the Chicagoland Area

Vijay Radhakrishnan
Pro Member
Posted
  • New to Real Estate
  • Chicago, IL
  • Posts 18
  • Votes 11

Hi @Eudith Vacio, I appreciate the reply! As of now, I am looking at the North and Northwest Zones of Chicago that have been approved for ADU development. See below.