All Forum Posts by: Sastry Srini

Hello BPer's

I am looking at a duplex in Zip Code 62234 - Collinsville IL. Looking for some advice from who is knowledgeable comment on that area/zip code? Thanks

I have been using Suncoast Property Management for a rental in JAX.. Have been satisfied with them.. let me know if you have any questions I can help. I had reviewed Home encounter PM , before going with Suncoast.. they are competitive.

Liberty Title - have used them in the past. Not sure of non conventional loans..

I will share mine.. I am fairly new beginner, so take it for what it’s worth.. Here are some guidelines I set for myself to narrow down what I am looking for Tax benefits, appreciation, cashflow ( in that order given my tax situation at this point of time, note Cashflow is last on list) Rent covers debt service plus repair reserves .. Location : local ( preferred ) , open to out of state SFR ( preferred) Time period : 10 yrs Properties less than $200k New construction ( preferred) or something built after 2000 Would like to hear others.. Thanks

Here is the high level map of Jacksonville.

What I understand is NorthSide, westside and Southside are good areas to invest.

Avoid Downtown.  

You should be able to map zipcodes from google map. 

Hope this helps.

PS: Someone local from Jacksonville can comment.

I have been using SunCoast property management for a few months.. Recently visited Jacksonville as I was in Orlando for some work and met with them. They manage a sizable number of properties in JAX and Atlanta. Good to hear about other PMs Thanks, Srini

Here is the information on trends in the real estate industry. Simply click here to view an interactive map with the most up-to-date rates of change in home values, as well as appreciation rates over a number of different time periods. Understanding recent and long-term trends can help us remain an informed consumer. Thanks, Srini

Here is Brad's contact Brad Silvius - Ann Arbor Mortgage Please send me a pm I can provide his contact details if you need

Thanks for your reply.. Inspection ( before Sale and inspection for which I paid for) did not find any violation.. but during township inspection for rental , township inspector is saying that there is a code violation.. I find it odd that house inspector ( I paid for) did not find any..

Hello BPers

Seeking some help on this situation.. 

Last year October, I bought a SFR in Ann Arbor and is currently tenanted. During township inspection July of this year, township inspector found a violation of electric panel. The exact wording of the violation is as follows..

"Permit and inspection required for new electrical panel"

Inquiring with seller, it appears no permit was drawn. Got one quote for electric panel upgrade ( demoing existing panel and moving it to meet housing codes) approx $3600.. waiting for other quotes.

What are my options here?

A) can I go after Seller for this was revealed during the sale? I had the inspection done, nothing was stated in the inspection report

B) absorb the cost and upgrade?

C) can I appeal the violation to township?

Any pointers on this would greatly help..