All Forum Posts by: Sunil Shah
Sunil Shah has started 4 posts and replied 15 times.
Post: New to REI - Analyzing cash flow & other basic questions
- Rental Property Investor
- Mckinney, TX
- Posts 17
- Votes 3
Originally posted by @Simon Castillo:
Hi Brad,
I wouldn't wait for a crash. You are right in wanting properties to cash flow. Looks like you have started a plan by knowing about how many rentals you want or need to accomplish your goals. I would encourage you to right down you plan and goals.
Have you looked into turn key rentals? With a turn key you buy an existing cash flowing property. The drawback is you don't get much of a discount on the price and you'll likely be looking at B type neighborhoods so the price might be a little high. But it might be a good way to get started with your first rental. Roofstock is a turn key operation. You might want to do some due diligence with this method.
Best,
Simon
Hi Simon,
Have you loked into, or bought from a TK provider? If you have any insights in this space, please share. I am curious, if numbers will actually workout.
Post: Mckinney, Allen, Frisco and Plano and surrounding cities, in TX
- Rental Property Investor
- Mckinney, TX
- Posts 17
- Votes 3
@John Morgan
In DFW 1% rule can be difficult to achieve, but with price appreciation, cash out refi can achieve similar IRR in long term. You focus on certain areas? Or wherever deals might be?
Post: Mckinney, Allen, Frisco and Plano and surrounding cities, in TX
- Rental Property Investor
- Mckinney, TX
- Posts 17
- Votes 3
@Landon Whitaker
That's what I am looking to do. I prefer to buy, rehab and pass on to a good property manager, so I can focus on never deal. Do you have any one you can refer me to, I will like to talk to them.
Post: Mckinney, Allen, Frisco and Plano and surrounding cities, in TX
- Rental Property Investor
- Mckinney, TX
- Posts 17
- Votes 3
Originally posted by @Deba Douglas:
@Sunil Shah welcome to BP!! My husband started 1 year ago and we now have 3 properties (1 MF and 2 SF) BP was a big impact on our journey. Welcome!
That's very encouraging. Did you guys mostly do it on your own, or have a team? Any company or agents you recommend?
Post: Mckinney, Allen, Frisco and Plano and surrounding cities, in TX
- Rental Property Investor
- Mckinney, TX
- Posts 17
- Votes 3
Originally posted by @Tommy Brownell:
@Sunil Shah join the club!!!! hahaha
I own a few rentals out of town, but want to buy some within driving distance to gradually get a hang of property management side.Also want to develop a network of friends who speak Real estate :) , since I have none in my immediate network.
Post: Mckinney, Allen, Frisco and Plano and surrounding cities, in TX
- Rental Property Investor
- Mckinney, TX
- Posts 17
- Votes 3
I am looking to buy a few rental properties in north DFW area, that meets 1% rule. Also am looking forward to meeting agents, lenders both conventional and hard money and investors to network with.
Post: Newbie from McKinney, TX (DFW Area)
- Rental Property Investor
- Mckinney, TX
- Posts 17
- Votes 3
@Shital Thakkar i also live in McKinney and would love to connect. What's the best way to contact you?
Post: How to go about selecting a market
- Rental Property Investor
- Mckinney, TX
- Posts 17
- Votes 3
@Joe Funari
Hi Joe, I am local here in DFW and would like to connect with you. I have a few properties. I am interested in expanding my network. What's the best way to contact you?
Post: How to go about selecting a market
- Rental Property Investor
- Mckinney, TX
- Posts 17
- Votes 3
@Jonathan Schwartz
If you don't mind sharing how you gathered the information on different markets, and please share the spreadsheet that you mentioned.
Regards.
Post: How to go about selecting a market
- Rental Property Investor
- Mckinney, TX
- Posts 17
- Votes 3
@Jonathan Schwartz
Thanks for explaining in plain English. Very helpful.