pandemkodi Posted November 30, 2020 Report Share Posted November 30, 2020 37 minutes ago, kasi said: Wrt market price entha konav?? Like +10% or -5% And are the renting yourselves or agent Net % gains entha kaka per year ki And year ki tent maintenance entha avuthundhi!! Pm Quote Link to comment Share on other sites More sharing options...
phatposts Posted November 30, 2020 Report Share Posted November 30, 2020 13 hours ago, kasi said: kaka..... idi 1960 property....any idea what should i looking for....house like 6/10 condition plus idi 3bd/1bh(single family...no HOA).....idi single fam ki rental ga ekuva money vasthada....leka bachelors ki isthea better aaa auditor site lo dani value 120K undhi, party asking 189K........nenu 140K all cash ani verbal offer icha.............if you need more info about location..i can PM you.....btw house is located in the best SD pyna yavaro suggest chesinattu eppudu una intrest rate bank loan better ani pisthundhi(plus antha cash yala gather cheyalo kuda no idea ).....so deal chesthea better ee offer ni btw.....kaka koncham investments gurunchi kuda cheppu When you say house is 6/10 condition - what is the status of big ticket items like roof, HVAC system, appliances, foundation etc. (Basically any repair needing more than $6K is a big ticket item in my mind). When you say "Auditor site" - what do you mean by that? I did not understand. I only do official lease and prefer working professionals. Then next best option is family with pet constraints if needed (e.g.: no pets > 25 lbs). This statement varies based on location, your comfort zone, SD, etc. Based on your comp analysis - how much did similar homes go for? Maa area lo 189K asking ante - 210K ki sale avtundi, but this is Greater Boston and market is crazy hot for now. Same rules do not apply everywhere. Rentometer lo avg rent enta choopistondi? If you are buying for 140K all-in, you should get atleast $1500 monthly rent. Exact property details chepte I can provide more of my thoughts. Feel free to PM me or post here based on your comfort levels. Quote Link to comment Share on other sites More sharing options...
thanks Posted November 30, 2020 Report Share Posted November 30, 2020 Second property rental kosam 5% down cheyochu? Quote Link to comment Share on other sites More sharing options...
kasi Posted November 30, 2020 Author Report Share Posted November 30, 2020 1 hour ago, phatposts said: When you say house is 6/10 condition - what is the status of big ticket items like roof, HVAC system, appliances, foundation etc. (Basically any repair needing more than $6K is a big ticket item in my mind). roof new HVAC - 2 years old, but i dont think they changed the condenser unit outside appliance need to be replace, no fridge in the property...basically i would say 10-15K reno stuff 1 hour ago, phatposts said: When you say "Auditor site" - what do you mean by that? I did not understand. county auditor site, where you can go get info about the property like owner name, property current value(banks use this to evaluate the loan amount), and you can even check if there are any delinquent taxes on the property 1 hour ago, phatposts said: I only do official lease and prefer working professionals. Then next best option is family with pet constraints if needed (e.g.: no pets > 25 lbs). This statement varies based on location, your comfort zone, SD, etc. do you use realtor or you do the yourselves.......and not sure if you have back yard, if so do you take care of it or tenants do?? 1 hour ago, phatposts said: Based on your comp analysis - how much did similar homes go for? i would 140-150 based non comps 1 hour ago, phatposts said: Maa area lo 189K asking ante - 210K ki sale avtundi, but this is Greater Boston and market is crazy hot for now. Same rules do not apply everywhere. Rentometer lo avg rent enta choopistondi? If you are buying for 140K all-in, you should get atleast $1500 monthly rent. i dont know what rentometer is, but will look into it ya i am expecting between 1100-1400.....depends on the appliances that i can have in the property 1 hour ago, phatposts said: Exact property details chepte I can provide more of my thoughts. Feel free to PM me or post here based on your comfort levels. sure will pm you dude thanks a ton for all the info Quote Link to comment Share on other sites More sharing options...
Meowcatp Posted November 30, 2020 Report Share Posted November 30, 2020 1 hour ago, kasi said: roof new HVAC - 2 years old, but i dont think they changed the condenser unit outside appliance need to be replace, no fridge in the property...basically i would say 10-15K reno stuff county auditor site, where you can go get info about the property like owner name, property current value(banks use this to evaluate the loan amount), and you can even check if there are any delinquent taxes on the property do you use realtor or you do the yourselves.......and not sure if you have back yard, if so do you take care of it or tenants do?? i would 140-150 based non comps i dont know what rentometer is, but will look into it ya i am expecting between 1100-1400.....depends on the appliances that i can have in the property sure will pm you dude thanks a ton for all the info Guys, I am interested to learn more and also looking to buy such property and inclined towards flipping houses if you guys don’t mind please add me to the PM’s as well Quote Link to comment Share on other sites More sharing options...
tom bhayya Posted November 30, 2020 Report Share Posted November 30, 2020 4 minutes ago, Meowcatp said: Guys, I am interested to learn more and also looking to buy such property and inclined towards flipping houses if you guys don’t mind please add me to the PM’s as well sellers market is not the right time to buy houses for flipping or investment ani naa yokka idhi , wait until next spring Quote Link to comment Share on other sites More sharing options...
pandemkodi Posted November 30, 2020 Report Share Posted November 30, 2020 1 minute ago, tom bhayya said: sellers market is not the right time to buy houses for flipping or investment ani naa yokka idhi , wait until next spring Stonks and RE only go up😂 1 Quote Link to comment Share on other sites More sharing options...
Meowcatp Posted November 30, 2020 Report Share Posted November 30, 2020 15 minutes ago, tom bhayya said: sellers market is not the right time to buy houses for flipping or investment ani naa yokka idhi , wait until next spring Hmmm, the rates are not low. But lot of people lost jobs and couldn’t pay mortgage and few houses are on sale at good price point, especially old houses with lot of land Quote Link to comment Share on other sites More sharing options...
kasi Posted November 30, 2020 Author Report Share Posted November 30, 2020 3 hours ago, Meowcatp said: Guys, I am interested to learn more and also looking to buy such property and inclined towards flipping houses if you guys don’t mind please add me to the PM’s as well no PM groups created yet.....if things fall into place will add for sure...for now 1-1 pms Quote Link to comment Share on other sites More sharing options...
kasi Posted November 30, 2020 Author Report Share Posted November 30, 2020 3 hours ago, pandemkodi said: Stonks and RE only go up😂 i have been watching things since March, i have even advised few frnds not to buy and a crash is coming but i havent seen a slightest chance that happening.....on contrariety price are going up PS: but i still believe that there will be a crash....so please invest mindfully Quote Link to comment Share on other sites More sharing options...
pandemkodi Posted November 30, 2020 Report Share Posted November 30, 2020 7 minutes ago, kasi said: i have been watching things since March, i have even advised few frnds not to buy and a crash is coming but i havent seen a slightest chance that happening.....on contrariety price are going up PS: but i still believe that there will be a crash....so please invest mindfully Prices are going up with demand and also lumbar prices going up also lower rates imo Quote Link to comment Share on other sites More sharing options...
Amrita Posted December 2, 2020 Report Share Posted December 2, 2020 On 11/29/2020 at 8:27 AM, Guest said: Haha..costco lo 150 ki vachindi appudu..ippudu double price undi @Amrita akka vachi open chestha ani cheppindi Mari inka sound ledu..nene cheyalsonchindi final ga 273 $ undi ippudu ade na 150$ ki konnavu ? It looks good actually. I am planning to buy. Focus undatledu without table and chair. Quote Link to comment Share on other sites More sharing options...
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