All Forum Posts by: Nick Shri

@Aj Parikh is your man to get insights on TK. His inputs helped a lot with my due diligence. I although ended up buying a TK with another provider (Norada). Happy to share my experience over a call if you are interested. Definitely do your due diligence, and feel free to share your numbers on BP to get 2nd, 3rd look. All the best.

Your purchase is $214k, why is your property value showing $255k? If your property value actually is higher and you are getting it for below market price then you are in good shape. You will equity out the gate, once you have steady rental income you should be able to cash out refi in 6 to 12 months and get your down payment out.

Although I don't like CoC less than 12% but that's my goal, doesn't have to be yours.

Goodluck! 

Hard to tell. Is it meeting 1% rule? What does future potential look like? Can you add value and increase rents in near future (in less than 6 months)?

You just haven't provided enough information.

https://www.detailedhomeinspectionsclevelandohio.com

Ask for Joey - I used him on my last purchase.

Look up James' blog post. Although a bit dated I still follow it. I ask my agent to visit the street and neighborhood and either do live video or upload videos on Google for me to review.

I have heard 44102 is nice neighborhood.  

4.75% is not bad at all for MF, assuming your analysis looks good. All the best on your adventure..

Buy w/o agent? Mind sharing your experience with that strategy?

I have been scoping some MLS listings lately and have found some potential properties with numbers working.

Do you as an investor ask for closing cost from the Seller? My numbers skew a little left if I pay full closing. I would like to hear some thoughts from other fellow investors who buy off MLS.

Any possibility for virtual? I am OOS investor in Cleveland area.

What do you mean asked every time? Did you open 3 helocs?