All Forum Posts by: Amol Kulkarni
Amol Kulkarni has started 8 posts and replied 49 times.
Post: Thoughts/Inputs/Advices!!!: Greeting Countrymen (Women)
- Posts 52
- Votes 9
any MFH in Memphis?
Post: Thoughts/Inputs/Advices!!!: Greeting Countrymen (Women)
- Posts 52
- Votes 9
Thanks James
Post: Thoughts/Inputs/Advices!!!: Greeting Countrymen (Women)
- Posts 52
- Votes 9
Thanks Olega - Yes i am going do it in CTL. Do you know any good turnkey or relators in CTL
Post: What do you think are the top markets for Multi-family investing?
- Posts 52
- Votes 9
I am might be interested in MFH or SFH in NC..any pointers?
Post: Thoughts/Inputs/Advices!!!: Greeting Countrymen (Women)
- Posts 52
- Votes 9
Greetings Countrymen(& women), There might be lot of other posts pertaining to this subject I did read most of them but things have changed due to COVID 19 ( I believe). Pardon me for asking typical newbie questions.
1. Best place to buy a rental property - with good Cash on Cash and little of appreciation ( say 3% each year)
2. What should my strategy be to find this - turnkey guys v/s individual contractor v/s 'doing on your own'. ( I am typical w2 employee.)
3.What’s your take on house market collapse - as you must be aware - lot of people are losing jobs. I just get a feeling eventually house bubble will burst in next 6 months. Supply of house is not that great now. I feel lot of people will have forbearance on loans in next couple of quarters and lastly will either foreclose or sell their house on lesser price. so may be that would be a good time to buy house . What say you?
Again, I would really appreciate your thoughts on above three items.
Big Thank you!
Post: My Turnkey Experience with Real Wealth Network (RWN)
- Posts 52
- Votes 9
Originally posted by @Tamar Hermes:
@David S. The $2000.00 is RWN commission. In a new construction the broker doesn’t have a way to cut them into the deal so that is how it is paid. It has been over two months and my home is still not rented. I actually visited the area and it seems like there is growth happening there, but the quality of the few applicants I have gotten so far, have had low credit scores and had several large debts to previous management companies. I think ultimately the investment will be ok and it will rent. Bottom line, I think if you are very busy and don’t want to deal with finding your own people, it is an option. Since I am a seasoned investor I will likely not go this route again.
Did your property get rented out.
Love to hear more on this thread in May 2020.. Rebecca you changed your views on them recently (March 2020). Love to hear more!.
Post: Why Self Managing Investment Properties is CRAZY
- Posts 52
- Votes 9
Originally posted by @Jill F.:
If I get tired of managing my own properties, I'll hire a w-2 manager that reports directly to me-- not a property management company. I'll do this because there are (usually) financial incentives for unethical behavior by property management company employees to create churn (and additional placement fees) by failing to work with tenants having temporary problems and by failing to promptly take care of maintenance issues they cause unnecessary turnover, by nickel-and-diming tenants for late, lost-key fees, etc., and "damages" to increase their own performance incentives, by charging top-dollar for mediocre workmanship and pocketing the difference, and by steering tenants to their own or their most profitable apartments. By failing to make filing the units a priority and inadequate marketing, advertising and/or preparation.
I look at apartments every day, and the VAST majority of the time, "professionally managed" properties are in the worst shape.
How did you manage a w2 manager.. appreciate your inputs.
Post: Newbie Investor - Which city to invest in CTL/JAX -
- Posts 52
- Votes 9
I want to buy a rental property with good balance between Cash on Cash and Year on Year ROI on investment - I am giving a thought to Charlotte, NC and Jacksonvile.
Which city should i go with
Also i did lot research on RealWealth Network (RWN) - do they have good reputation on selling and renting the houses in FL areas (Jacksonville, Palm Coast, Ocala)
Thanks
Amol
Appreciate your