All Forum Posts by: Sachin Amin

any Investors impacted with Hurricane Ian, I heard lot of damage in Cape coral , Fort Myers, Punta gorda etc...the whole west cost of FL seems impacted. How do you deal with such a catastrophe as REI. I am sure you have coverage and insurance etc... but what happens to tenant living in your unit or how to you react when you are out of state investor, what are your immediate action items etc.. - how do you even start ? do you just leave it to your PM to co-ordinate or as a land lord - boots on the ground ?

Please share your experiences

@Vikas Grover to get the first hand info, i would recommend drive down in the area you are investing, meet few property managers and brokers in the area.

@Jon Kelly   nice!!!!! congratulations i think thats the way to scale...

@Jon Kelly how is the 10 unit ROI are you satisfied with the returns so far? do you have a property manager who manages day-day. did you finance the deal or was a cash purchase ?

@Uri Katriel - yes as others recommended try full turnkey first, and just to let you know columbus does not have full turnkey providers similar to other markets like Memphis and Indiana. so you better have some one boots on the ground who can relay the right information back to you

@Tim Delaney - Yes sir...thats the next direction i need to head...

@Jonathan Small   "Amen" :) 

@Jeff He - example on SFH every closing is appx 4-6% depending on lender - example unit cost 100k - down payment 20% + closing - i was wondering if i buy a fourplex for example i would just pay one time closing rather than 8 time which i did for my 8 SFH units

@Jeff He for example closing costs are one of the factor and the amount of paperwork we have to do with diff lender in diff state, if I can do the same on a fourplex in a single parcel or focus on a 10 unit complex - i think that would concur only one time i guess.

@Joshua Janus I am hands off investor right now due to my day job. And my criteria is all my units should be managed by someone(PM) so far it worked but need to scale