All Forum Posts by: Reyansh Budhagoda
Reyansh Budhagoda has started 1 posts and replied 9 times.
Quote from @Adam Bartomeo:
I typically avoid Lehigh for a multitude of reasons. It has to be a really good deal for my to purchase out there. The main reasons are jobs - there isn't a driving force for jobs out there. And, a draw - as opposed to the other areas in Lee County there really isn't a draw to the area. Meaning that there aren't any large attractions - beaches, shopping, restaurants, night life, amusement parks, etc. There are many investors who like Lehigh but I view it as a risky investment area.
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Post: Condo vs. House with a land appreciation
- Posts 10
- Votes 4
Hello All,
I am looking into STRs in holiday destinations near the beach. Does Condo vs Houses in these areas appreciate differently? Should I be concerned about future that can occur?
Post: Closing on 1st Investment property on the 31st
- Posts 10
- Votes 4
Quote from @Norris Frazier:
Quote from @Reyansh Budhagoda:
Quote from @Eliott Elias:
Sounds like you need to spend more time finding a good team. There are HML in Texas who do 10% interest at 1.5% points. Contractors are for the most part sleazy, you want to mitigate this by paying them AFTER work is complete.
10% @ 1.5% points, is wild... I got in w/ 11.5% @ 3 points, after plenty of work from every side.
Norris could you kindly share your lender?
Post: Closing on 1st Investment property on the 31st
- Posts 10
- Votes 4
Quote from @Eliott Elias:
Sounds like you need to spend more time finding a good team. There are HML in Texas who do 10% interest at 1.5% points. Contractors are for the most part sleazy, you want to mitigate this by paying them AFTER work is complete.
Post: Closing on 1st Investment property on the 31st
- Posts 10
- Votes 4
Norris,
I walked away on 4 deals in the past 3 months due to #s not working. The first rule I follow is all BRRRRs got to be a good flip and concentrate on the exit strategy.
Post: How to find Turnkey Buyers
- Posts 10
- Votes 4
I am open to it too but things need to make sense. I am with Jason.
Post: Best Turnkey Providers of 2022 and Trends for 2023
- Posts 10
- Votes 4
Quote from @Ruchit Patel:
Big ones and high-quality turnkey providers are doing the same as every year. Yes, returns are slashed on the cash flow side, however savvy investors are pouring money like they used to in any other year.
I have deals with Rent To Retirement. Things are looking great. I would happily share my experience with you if you need it.
Hi Ruchit, Thank you for this post. I would like to connect with you to get some feedback and understand your journey. I am a noob starting this and appreciate any kind help.
Post: Why and Where to Invest in Charleston, SC
- Posts 10
- Votes 4
Quote from @Bernard Joseph S.:
Quote from @Reyansh Budhagoda:
Quote from @Sarah Young:
We live in Charleston and flip houses, while also having an Airbnb. We love it here, and are finding great success in our flipping business. On top of this, there’s a fantastic community of fellow investors who are all about being “Go Givers”. We’ve found great partners and resources through this network. Our business wouldn’t be as successful as it is without this amazing network of fellow investors.
Sarah. Any reason you are doing flip vs BRRRR. All BRRRRs opportunity numbers I run don't make sense from the BRRRR point due to refinance APRs are high. Would like to hear your thoughts.
This thread is from 2 years ago Ruwan, when the #s actually worked lol. No wonder your calculations don't pencil out now
Bernard. I know hence the question. I am leaning towards flips due to what I mentioned buy why is Sarah considering flip 2 years back.
Post: Why and Where to Invest in Charleston, SC
- Posts 10
- Votes 4
Quote from @Sarah Young:
We live in Charleston and flip houses, while also having an Airbnb. We love it here, and are finding great success in our flipping business. On top of this, there’s a fantastic community of fellow investors who are all about being “Go Givers”. We’ve found great partners and resources through this network. Our business wouldn’t be as successful as it is without this amazing network of fellow investors.
Sarah. Any reason you are doing flip vs BRRRR. All BRRRRs opportunity numbers I run don't make sense from the BRRRR point due to refinance APRs are high. Would like to hear your thoughts.