All Forum Posts by: Bhargav Hirapara

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $585,000
Cash invested: $300,000

10 bedrooms and 7 Bath, 1947 built. Purchased and fully rehab entire house under 6 months.

What made you interested in investing in this type of deal?

previous experience in STR

How did you find this deal and how did you negotiate it?

Listing price was $850K, but it was overpriced. we negociated for $585,000

How did you finance this deal?

Private money lender

How did you add value to the deal?

Via full cost effective rehab

What was the outcome?

SRT and doing great revenue and exceptional ROI

Lessons learned? Challenges?

Patience and hard work and dedication

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

na

Oakland, CA

Oakland offers the highest Section 8 rents, with $2,729 for 2-bedroom, $3,607 for 3-bedroom, and $4,294 for 4-bedroom units. This makes it an attractive option for high rental income from Section 8 investments.

Cleveland, OH

Cleveland is highlighted for its low property prices ($70,000-$80,000) combined with high potential Section 8 rents ($1,100-$1,400 per month), enabling strong cash flow.1 It has over 20,000 households on the Section 8 waitlist.

Detroit, MI

Detroit offers very affordable property prices ($65,000-$80,000) that can rent for $1,200-$1,300 per month on Section 8, providing excellent cash flow potential.1 Around 30% of families in Detroit qualify for Section 8 housing.1

Memphis, TN

Memphis combines affordable housing prices with stable cash flow from Section 8 rentals, making it suitable for uncertain economic times and indicating resilient demand.

St. Louis, MO

St. Louis presents affordable real estate along with high rental income potential from Section 8 voucher holders, making it a market worth considering for cash flow from Section 8 investments.

I am looking for refinance short term rental. Property value around $1.3 million. Great STR income with 7-8 months of history. Looking for suggestions and recommendation. thank you

I am currently embarking on a new project to construct a 14-unit apartment building in Tampa, and I am in search of a reliable architect engineer. 

Ideally, I am seeking an architect with experience in designing and overseeing multifamily residential projects. The architect should be knowledgeable about local building codes and regulations specific to Tampa.

Thank you in advance for your assistance. Your support and recommendations are invaluable as I strive to ensure the success of this project. 

Hello everyone,

I am looking for good CPA to do real estate taxes? Greatly appreciate recommendations. 

Hi All, 

Looking to get short term rental insurance for 4-5 properties. All of them located in Tampa Bay Area. Looking for reliable insurance agent. Greatly appreciate inputs. 

Looking refinance  Cash-out on 3 or 4 single family houses in Tampa area. All of them long term hold rental properties. Please share good mortgage broker or lender in area. greatly appreciate input. Thank you 

Hello everyone, I am looking to build 14 units apartments in Tampa, Florida. I need good and reliable architect to draw the plan. Greatly appreciate any suggestions and input. 

Thank you,

Bhargav Hirpara

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