All Forum Posts by: Naveen kumar Vadlamudi

@Cara Lonsdale

 Thanks for detailed replay. i do want to build wealth but i will wait little more then as i have to live 2 years in last 5yrs. thank you so much 

Hello All,

I am moving out of state and currently own 2 Bed 2 Bath condo that i have lived in for 4 years as of this month.

Numbers 

Bought it for  

              $248K in Dec 2020 with $13K down (5%)         

              $25K  Upgrades added.  

              $215K @ 2.65% rate to be paid off

Rental in area -  

I can rent this for $2600/month and it will give $500 cash flow after mortgage and HOA.

              (rents also peaked from $1900 to $2600 in 2 years)

Sale Price  -  

           $360K - $370K in the area for same kind of units. 

            Zip Code: 0883

           i feel it appreciated very well and i don't think it will go any more in next few years

Need Advice  -  rent this property  or sell it ?

            - If i Sell , as this was my 1st house and lived in 4 years, do i need to pay capital gain tax ? 

            - if i sell, i will add some more money to invest in multiplex unit.   -- is this the right time to have cash ready for deals ?           

           - just rent it and wait till it get paid off ? 

I am open for either options but would like experts advice for a newbie - which will be most beneficial  down the line in 5 to 10 years. 

Thanks in advance 

Hello All,

I am analyzing my deal and here are the details

Small Town , Couple of big Manufacturing plants and HQ for 1 of the fortune 500 Client.

Building : 1878 /2008 Renovated.

Price : $600000 Asking

Total Tenants: 15 & Monthly Rent : $21173

Deal Analysis

Value Over Time

Can you please let me know what else is missing in this to get more accurate deal analysis.

Quote from @Naveen kumar Vadlamudi:

Hello All, 

I am analyzing my deal and here are the details

Small Town , Couple of big Manufacturing plants and HQ for 1 of the fortune 500 Client.  

Building : 1878 /2008 Renovated.

Price : $600000 Asking 

Total Tenants: 15    & Monthly Rent : $21173

Deal Analysis 

Value Over Time 

Can you please let me know what else is missing in this to get more accurate deal analysis.

 Building Size 21000 SQft . 

Rent $12 /Year - including All expenses 

Current owner spent - significant expenses on repairing HVAC - new condenser, Chiller ,Boiler 

Elevator Repairs 

Hello All, 

I am analyzing my deal and here are the details

Small Town , Couple of big Manufacturing plants and HQ for 1 of the fortune 500 Client.  

Building : 1878 /2008 Renovated.

Price : $600000 Asking 

Total Tenants: 15    & Monthly Rent : $21173

Deal Analysis 

Value Over Time 

Can you please let me know what else is missing in this to get more accurate deal analysis.

Hello All,

i came across this college town property - it is a value add opportunity.

14 Unit Complex - 12 2bed/1bath & 2 1bed/1bath * Separate electric and water meters. Central heat & air*

I made this below chart based on this community shared knowledge (Thank you all).

Need

1. would you consider this property at all ? if so why ?

2. can i pursue this opportunity and fix it to add value as a first timer?

3. what is the good price+/- to offer on this property ?

Note: I know that it is currently bleeding but given the price and fixing it up a bit ,may be a good one. I am open to take any feedback on suggestions for a 1st timer.

Thanks in Advance

Hello @Greg Scott 

Thank you so much for taking time to review and provide insights. i have made adjustments to my analysis based on the provided feedback. here is the updated  Chart. please suggest if i am missing any thing else. Thanks in advance 

Hello All,

i came across this college town property - it is a value add opportunity.

14 Unit Complex - 12 2bed/1bath & 2 1bed/1bath * Separate electric and water meters. Central heat & air*

I made this below chart based on this community shared knowledge (Thank you all).

Need

1. would you consider this property at all ? if so why ?

2. can i pursue this opportunity and fix it to add value as a first timer?

3. what is the good price+/- to offer on this property ?

Note: I know that it is currently bleeding but given the price and fixing it up a bit ,may be a good one. I am open to take some heat so please give me honest and open feedback.

Thanks in Advance

Hello All, 

i came across this  college town property - it is a value add opportunity. 

14 Unit Complex - 12  2bed/1bath   &  2  1bed/1bath         * Separate electric and water meters. Central heat & air*

I made this below chart based on this community shared knowledge (Thank you all). 

Need 

 1.  would you consider this property at all ? if so why ?

2. can i pursue this opportunity and fix it to add value as a first timer? 

3. what is the good price+/-  to offer on this property ? 

Note: I know that it is currently bleeding  but given the price and fixing it up a bit ,may be a good one. I am open to take some heat so please give me honest and open feedback. 

Thanks in Advance

 @Mary McGinty Thank you so much for the information, i will surely look into that market as well.