All Forum Posts by: Ashil Katira
Ashil Katira has started 2 posts and replied 10 times.
Post: Looking to invest in Memphis,TN
- Posts 10
- Votes 2
I am an out of state investor and would recommend (MIP - Memphis Investment Properties) who is really turnkey. You would buy a property with them and in more than 75-80% of the cases, you would have a tenant in it before closing (Property management done by their sister company). The cashflow is dependent on neighborhood where you buy it. Post COVID with the raising cost of the mortgage and home price, you can still get 4%-8% cash on cash returns depending on the neighborhood class. overall IRR will be higher (>20%)
Post: Turnkey property for first-time international buyer
- Posts 10
- Votes 2
I am an out of state investor and would recommend (MIP - Memphis Investment Properties) who is really turnkey. You would buy a property with them and in more than 75-80% of the cases, you would have a tenant in it before closing (Property management done by their sister company).
Post: OH market. Columbus or Dayton, OH?
- Posts 10
- Votes 2
Following as I am also Interested in Columbus OH market
Post: any reviews for citipoint commercial real estate in IL
- Posts 10
- Votes 2
bumping to see if the audience have any feedback
Post: any reviews for citipoint commercial real estate in IL
- Posts 10
- Votes 2
Hi Everyone,
I am currently in discussion with one of real estate agents in Chicago IL and the firm is Chase real estate for residential and Citipoint for commercial. I wanted to see if there is anyone on bigger pockets who have recently done any business with Citipoint and can give me some reviews? I am very much interested in moving forward with them with the information and deal at hand but trying to do some due diligence.
Thanks
Post: Best market for positive cashflow Orlando, Dallas, Austin, Nashvi
- Posts 10
- Votes 2
Originally posted by @Luka Milicevic:
I'm in the Nashville market myself and can answer any specific questions you may have.
It's a competitive market, but there is still opportunity as long as you come in with realistic expectations. You won't get the same numbers as you would in a market like the midwest, but the appreciation will be much higher.
@Luka, thank you. so the cash flow might be less but the appreciation will be higher over long term?
Post: Best market for positive cashflow Orlando, Dallas, Austin, Nashvi
- Posts 10
- Votes 2
Originally posted by @Hayden Harrington:
To echo previous comments, Austin is a very pricey and competitive market in Texas. Dallas trails behind Austin too, so prices and competition are pretty tough out here too. Houston in my opinion is a great market for rentals because the cost of living is much more affordable down there and it's one of the largest cities in the country. Spring, Conroe, The Woodlands are all great areas on the north side that are growing like crazy (Im originally from The Woodlands & have family there), so you may want to consider those markets as well for rentals.
Good luck!
@Hayden, thanks for the insight into Houston. Let me check the areas you mentioned.
Post: Best market for positive cashflow Orlando, Dallas, Austin, Nashvi
- Posts 10
- Votes 2
Originally posted by @Ryan Kelly:
@Ashil Katira I believe $50k will not be enough to get you into the Austin market if you need to put 20% or 25% down. Our median price point for homes in the whole metro is $350,000 and in the Austin city limits, it is $440,000. Our cheapest homes (that are livable) will at least be in the mid-$200k range, and most at that price range are very sketchy or extremely far out. This doesn't factor in that almost all these homes will sell with multiple offers driving up the purchase price. I love Austin as a long-term investment, so I recommend having more cash reserves to participate in this market. Happy to chat if you want more details.
@Ryan, thanks for the great response. This makese sense. When I started looking, I searched around the Austin/round rock area where Tech is present and saw Tesla is also moving closer. I see round rock is possible with less than 350k but you are right, the DP would be less. Thanks again!
Post: Best market for positive cashflow Orlando, Dallas, Austin, Nashvi
- Posts 10
- Votes 2
Originally posted by @Antonio Cucciniello:
@Ashil Katira I can tell you straight up, if you are looking in Austin, cash flow will be very difficult unless you plan on putting 40% or more down. I have been looking for myself for a while now!
Thank you @antonio for the response! May be I get another partner to put 20% down but dont know if I am redy for that yet given this is my first venture
Post: Best market for positive cashflow Orlando, Dallas, Austin, Nashvi
- Posts 10
- Votes 2
Hello everyone,
I am looking to buy my 2nd house (as REI) out of state (currently living in CA bay area) and looking at market suggestions. Have researched little bit on Orlando, Austin, Dallas, Nashville, Memphis, etc. Can invest about 50k cash for this. Main idea behind investing is little cashflow every month ($100-$200?) and eventually selling the property after 10+ years (if all goes well) when the kid grows up and is ready for college.
Thanks
Ashil