All Forum Posts by: Ronny Varghese

Thank you all - very thoughtful responses! 

Yes, I just walked it today for the first time. I work in the investment space as as wholesaler, flipper, agent, and now, buy/hold investor. While I'm familiar with the 'dont over-improve' concept, I also recognize I will have this condo at LEAST for 8ish years, and while I own it, I do not want random crap going out on me. Plus I want it to appraise for max value = get better countertops (but not QUARTZ, got it;)) Bathrooms / rest of the house = LVP. 

Should be able to pull about a 1% rent rate. I'm excited to add to the portfolio and hopefully these granite counters last much longer than formica!

As an agent that deals primarily in the investment space, i can tell you nobody is walking around asking for ID's of your tenants to see if they are related or not. 

Property managers here just care about ... property management - not zoning laws. Not legal advice by any means, lol, but it is not something that requires everybody who works in the city to give you a head nodd approval. Just make sure your neighbors are happy and the tenants are respectful / clean and not pissing people off. If something was setup a current way and you've been able to maximize it's benefit by renting them out room by room, the cops wont get called on you. I personally know too many people to count that do this. Not a big deal... and if the PM has issue with it, I have a great PM i can refer you that is Nashville based (as am I).

Cheers and congrats on your early success in the game my friend

Purchasing my first rental... excited! Purchasing a condo that needs flooring, paint, some countertops and probably fixtures/trim. 

Will probably do carpet in bedrooms, and vinyl waterproof planks throughout the rest of the house. Countertops is what I'm stuck at... would like to get something that allows for a "top" appraisal but not something that will be ruined by some dumb mistake by a tenant. 

I know Formica countertops CAN look good but afraid it will hurt my appraisal - additionally, i think with nicer countertops will yield better rent rates. 

Should I go with white Quartz? the comps which sold for 180k all had formica (I'm picking this up for 140k and it's in "slightly" less comparable condition. Would like this to appraise at least at 200k ideally. 

Thanks in advanced for all your input!

    

i'm out of Brentwood TN as well, call Clark Heating and Cooling - they did me right and Tim is the man, shoot me a text and i'll refer you their info six-15-710-6675

seems a bit high depending on whether you are also doing ducting. I got a 4 ton packaged unit for about $4500 and re-did the ducting throughout the first floor of my house (2200sf) for about the same - which equates to about 9k total