All Forum Posts by: Ravindra Gandhe

This is interesting topic. I am in socal. And scaling is not that easy. I buy with 25% dp. Now it is locked for good time. Unlike pandemic time where we saw 25% upward movement in 2 years. But other than that I don’t see a way of scaling.

Also most of the properties I see they cover the monthly costs when I pay 25% down payment. So not much room there to increase the rent. Even if rent goes up by 100 every year, any saving from this will take long time. So i guess unless you jv or syndicate, there is not much way. ..

@Sam Shueh thanks!!

@Allan Smith rent is 2500

Hi All,

I wanted to know what is good strategy in this case. I have a condo in Orange County that has tiles on kitchen countertop. It will go well for few more years like 10 yrs.

I am getting the cabinets painted. Do you think we change to granite as well?

Pros:

1. I guess I could get 200 more if counter tops are granite and appliances are stainless steel. Am I right?

2. It will go early because majority of condos I see have this. So I could get 2 weeks rent extra.

3. Better tenant.

4. Once done will be good for 20 yrs so I will get returns in long run.

Cons:

1. I need to spend 6-8k for granite plus appliances.

2. Currently it is busy for contractors. So it would be hard to get folks working plus more expensive.

I welcome your thoughts. Thank you in advance.