All Forum Posts by: Yesh Ravi

I live in an expensive market and was preparing to house hack in San Jose, CA or the Bay Area in general. But post COVID, with companies moving towards permanent WFH, is it still worth it to house hack here?

I'm wondering if tenants would still want to live in a house hacked smaller homes when they can rent a larger home 40-50 miles away from the cities for similar price.

What are the reasons you think that one would still choose to live in densely populated cities? Or would they?

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San Jose, California

Hello BP Community,

I've finally decided to take action after spending a lot of time on BP. I'm all set to do my first BRRRR (also my first property) and wondering what are the risks involved?

What areas should one be cautious about when buying a property all cash?

Any shocking stories you have? It could help many investors like me.

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Looking for contractor recommendations in NW Indiana for out of state investor.

Has anyone really been able to get the rehab work done smoothly being an OOS investor?

I've read the book "Long Distance Real Estate Investing" but I still don't feel confident enough on the rehab part.

Appreciate your suggestions

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Originally posted by @Marcin Nurek:

Buying a property for 50k less leaves you a lot more money for future improvements than a house for 200k. Will a $200k house cashflow according to your calculations? Show the numbers. A new roof is not that expensive anyway and should not dictate an overall purchase decision if the deal is right. Personally I think any house in NWI for $200k is not worth renting.

$200k certainly does NOT cash flow. Reason I am considering newer houses too is that because I can keep the maintenance cost low and also tax benefits (depreciation). Thoughts on this?

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Originally posted by @Marcin Nurek:

If you can get 150k over 200k, sure go for it. Renting comparable beds/baths between 150k and 200k will not yield significantly more for a newer property. With 150k you might get 1% ratio, but with 200k home you will not rent it for $2,000. Why not 100k homes and rent for $1200+?

Thanks for replying Marcin. Only reason I'm a bit hesitant on the older properties is that the maintenance cost that I might need to spend in foreseeable future. For example, what if I need to replace the roof or water system in say 6 years from now.

How's your expenses in maintaining older properties? Mind sharing some info?

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I'm visiting rental properties for investing in Northwest Indiana. I liked the class A areas likeDyer, Schererville, Crown point and few class B+.

I'm trying to understand what rental price range of houses get rented faster. That way I can keep the vacancy minimal.

I'm mostly planning to invest in properties valued around 200k. But is it worth it? Or should I be targeting 150k (older houses)?

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@Sharad M has been helping me to get started with RE investing.

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Originally posted by @Brad Bellstedt:

Going only off of the information given, the TH is the better buy. If it's truly brand new you likely have a 1 year "bumper to bumper" warranty from the builder and a 5-10 year warranty on the appliances which means very few expenses for you in the way maintenance and CAP-X especially when compared to a 35 year old structure which will certainly command a higher allocation of funds for those purposes. In addition, as you mentioned with the townhomes, the HOA is responsible for the upkeep of the grounds. Even with the $90/month HOA fee it sounds like your ROI and break even points for the TH are better. (I did not to do the math but you should)

Thanks for replying, Brad!

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Originally posted by @Frank Geiger:

Find someone with credibility in the market (someone on BP with a good rep is a start), judge their integrity, leverage their team, and then visit areas they suggest. When you fly there meet with PMs, etc.

Start with an investment that won't cost you your livelihood if it went south. For example, a 75K property over a 400k one. Then adjust as necessary.

Thanks for the tip, Frank. Sounds logical. Will definitely try it out.

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All Forum Posts by: Yesh Ravi

Yesh Ravi has started 7 posts and replied 14 times.

Post: Southern Wake County Meetup (Raleigh Area) - October 2020

Post: Is house hacking still worth it in San Jose?

Post: Due Diligence when buying all cash

Post: Feeling Anxious, need contractor recommendations NW Indiana

Post: Northwest Indiana investor

Post: Northwest Indiana investor

Post: Northwest Indiana investor

Post: WHO has helped you on BiggerPockets?

Post: Townhouse vs SFH evaluation

Post: Cash flow California market advice