All Forum Posts by: Lior Shulstein

Hi everyone,
@Jaron Walling, @Zachary Clevenger, @Candace Hughes , @Gloria N Gear

Really appreciate all the detailed input, it’s very helpful.

We plan to renovate the property into a solid, high-quality home that works well for tenants. We want to keep it in good shape and provide housing that people are happy to stay in.

This will be a long-term hold for us, and we’re hopeful about both appreciation and the gradual improvement of the neighborhood. Careful tenant screening will definitely be a priority.

As an out-of-state investor, insights like these are invaluable. Thanks again for sharing your experiences.

Hi everyone,

I’ve been hearing and reading mixed reviews about Tuxedo Park, and as an out-of-state investor I’d really appreciate your perspective.

For those of you who own or manage rentals in Tuxedo Park:

• -Have you been able to find reliable tenants (pay on time, take care of the property)?

• -What has your tenant turnover been like? Do tenants tend to stay long-term?

• -In your view, is the area trending upward or showing signs of improvement?

• - For a typical 3-bed / 2-bath property, what kind of rent could I realistically expect? I’ve already checked RentCast and Zillow, but I’d like to hear your perspective based on experience.
  
  

Any additional insights or experiences you can share would be greatly appreciated!

Thanks in advance,
Leor

Thanks all for your valuable inputs, 

I very much appreciate it! 

Thanks for clarifying, I did mean a cashout refi.

Hey everyone,

Has anyone here completed a delayed financing deal on a property with little to no rehab?

We’re looking at a property we could potentially purchase(Cash+Private money loan) at a significant discount compared to comps. My main question is: with delayed financing, is it realistic for the appraisal to come in well above the purchase price?

For example:

• Purchase price: $100K

• Comps suggest: ~$150K

Has anyone been able to get an appraisal at the higher comp value (e.g., $150K) and then secure a DSCR loan based on that figure - without doing rehab work?

Would love to hear about any real experiences with this, especially in the Indianapolis market.

Thanks!

Leor