All Forum Posts by: Anand S.

 Hi Edwards

I would assume $40k should cover 25% down and closing for $150k duplex/triplex netting close to $600/mo CF. Am I being unrealistic here in my expectations?

Hi @Ali Boone

Nice to know you, I am in semiconductors... 

I agree with you, $40k is not going to cut it for a San Diego flip. Maybe, I can raise upto $100k from friends, but need to have a good handle on the risk and margins. Else, it might jeopardize the journey before it even started. I am with you on mostly leaning towards out-of-state turnkey at least for starters. I am comfortable with $30-40k per year - and maybe this might make the best sense. Curious to know, where you are in your turnkey journey and how has it been so far?

I did some reading up on returns, providers, prices in various neighborhoods in the country including Indiana, Chicago, Texas (Austin, SA, DFW, Houston), Raleigh, Charlotte, Atlanta, Florida (few cities), SLC, Baltimore, Cleveland. I am leaning towards Chicago and Indiana, given the amount of providers, properties, COC etc.

I used Transunion smartmove, it was pretty convenient to set up. The tenant applicant directly pays the application fee and fills in their information. All you would need is their email address. It has the information, I was looking for - basic credit check, public record etc.

Thanks for the warm welcome with fabulous insights, Thomas. 

Thanks Shawn. I got lucky with my first rental here since I got it in 2010 which manages to cash flow - pretty rare in poway school district. The cashflow properties in outer San Diego county like Ramona or Alpine seem to not make much sense in either appreciation or COC. Definitely would like to connect and know more about your strategy.

Hello everyone,

I am Anand and live in San Diego. I have a background in engineering and MBA. My day job is to manage the engineering operations at a large technology company. I am really passionate about real estate and have spent a decent part of past 7-8 years reading here and there, than doing anything about it. I made the first jump this year, when I rented out my primary home in a good school district and moved up into a bigger place in the same zipcode. It has a decent cash-flow, but far less compared to the equity locked in that home when seen from mid-west or Florida kind of locations

I am still trying to refine my strategy as I get ready to make my next investment move by end of this year and hope to nail it through interaction with experts in this forum. At this point, I am prepared to invest $30-40k for a downpayment and torn between and still learning about 3 options - rehab/flip in San Diego, turnkey cashflow investment in Chicago/Indiana, Out of state rehab/flip.

This is really an incredible forum looking at the "ready to share knowledge" culture which further emphasizes in my mind that real estate is really not a zero sum game...

I look forward to connecting with folks here...