Real Estate Investing: Honest question: I have $250k equity in my home. Should I cash-out refi and put another $100k in stocks while they're cheap, so I look really smart in about five years? |
- Honest question: I have $250k equity in my home. Should I cash-out refi and put another $100k in stocks while they're cheap, so I look really smart in about five years?
- Opinions needed: how will this stock market crash affect real estate?
- Hit financing wall at 4 properties
- What do I do with my home?
- What are good first flip houses that are 'safe'?
- Landlords: how are you handling Coronavirus and potential eviction issues?
- How realistic is it to continually do 3-6 month leases?
- How do I value a property (make a fair bid) ?
- Real estate in South/North Carolina
- Rates Spiking back up
- Recurring tenant issues.
- Dave Ramsey says to buy rental properties in cash?
- Condo vs house to put for rent.
- Helping flipper with down payment. How much should i ask?
- THE END OF MODERN SOCIETY
- With rates dropping, is it a good time to refinance?
- Mixed use loan - can anyone share their terms?
- For those that do wholesaling you never find it intrusive or an invasion of privacy by going to knock on people's doors?
- First Time Homebuyer Meets First Time Investor Meets COVID-19
- Coronavirus + 1031 while out of US?
- Can anyone help me calculate short term capital gains
| Posted: 12 Mar 2020 07:24 AM PDT I definitely don't see the Dow going below 15,000. I think it might make it to 19,000. Mortgage rates are only 3% for 30 years. [link] [comments] |
| Opinions needed: how will this stock market crash affect real estate? Posted: 12 Mar 2020 07:13 PM PDT I have plans on purchasing my first investment property in around July. Will this be a good time? Should I wait? Obviously if everyone can predict how the housing market will react we'd all be gods, but a lot of you are experienced buyers and I just wanna know what y'all in this subreddit think. Thanks in advance. [link] [comments] |
| Hit financing wall at 4 properties Posted: 12 Mar 2020 08:33 PM PDT Refinancing my 4th property. But moving forward looks like ill have trouble getting financing my 5th property and on. 2 lenders and a broker said my debt to service is too high. My rentals all cash flow, never missed a payment, 3 sfr 1 duplex. Under a corp. How do people get passed this? I have a private money investor ready, but never needed him because i was brrrring everything on my own. How do i immplement him? All suggestions welcome. [link] [comments] |
| Posted: 13 Mar 2020 02:32 AM PDT I was getting ready to sell a house (that I'm just about done with flipping) but now taking the recession into consideration, I would not be making as much profit on it as expected. What would you do in a situation like this? [link] [comments] |
| What are good first flip houses that are 'safe'? Posted: 13 Mar 2020 03:22 AM PDT Is the general idea to get the first few houses (3-5 houses under $200k) that are very high chance of getting a stable safe profit? Should I rent out my first house so I can get some stable recurring cashflow? Do I team up with a consultant(other flippers/property managers)? When I get more houses how do I make sure I am not taking on too many houses? Are there guidelines to how many homes to own, when to sell houses to make sure you have money for flipping more houses, and also if the market crashes not all your cash is in homes. [link] [comments] |
| Landlords: how are you handling Coronavirus and potential eviction issues? Posted: 12 Mar 2020 03:09 PM PDT I've asked around and it seems no one has a plan for this worked out yet. I've been trying to figure out some sort of needs-based forgiveness or loan policy. I'm lucky to be in a position where I can cover the mortgage and carry a few months of debt but curious how you're dealing with it. [link] [comments] |
| How realistic is it to continually do 3-6 month leases? Posted: 12 Mar 2020 08:08 PM PDT I wanted to buy a vacation property somewhere south. Partly because I want to diversify, and partly because i'd like to get the hell out of the brutal midwest winter for 1-3 months out of the year. I thought about Airbnb, but lots of cities districts prohibit it. I could risk it and ignore the laws, as it seems lots of people are doing it, but I'm not really trying to stress over all that. Has anyone ever rented a furnished place out for 3-6 months continually? If I could do that i can always leave a 3 month gap somewhere where I can run away. With the right deal, even with that 3 month vacancy I could break even. Im really trying to figure out a good balance between investment and vacation house but I cant figure it out. [link] [comments] |
| How do I value a property (make a fair bid) ? Posted: 12 Mar 2020 07:17 PM PDT I am looking at an office space. Current comps are 230/sq and 108/sq so....all over the place. The 230/sq place was small, the 108/sq much larger, this place is even smaller than those two. I know what the current renter is paying, what the taxes are, what the HOA is, can calculate mortgage payment but may be paying cash. Normally if I was evaluating shares of a company I would be looking at how long it takes to get the money back. AKA P/E ratio. So a 12 year payback would be normal and for a small unlisted untradable investment I would want a much, much lower ratio. Plugging in all the math, if I paid cash and took in the rent it would take 20 years to get the money back. That seems too long. But I also think my math could be off. But not far off. Even a 15 year mortgage would take 15 years to pay off. I might be able to do a 10 and have all the expenses paid. Again this is all on paper, I just want to kind of get informed on how this stuff works, it would be my first investment property other than the home I live in. Thank you in advance!! [link] [comments] |
| Real estate in South/North Carolina Posted: 12 Mar 2020 10:04 AM PDT What's ur thoughts on the Real estate Market in North and South Carolina. Homes are fairly cheap down their right now. [link] [comments] |
| Posted: 12 Mar 2020 11:52 AM PDT Poor timing on my part, but rates have skyrocketed back up due to too many people requesting refinancing and the mortgage industry not having enough capacity to process all the requests. I'm purchasing a property now though, so would it make sense to request the highest interest loan with fewest points and then refinance when things calm down? [link] [comments] |
| Posted: 12 Mar 2020 03:36 PM PDT |
| Dave Ramsey says to buy rental properties in cash? Posted: 12 Mar 2020 01:34 PM PDT Here's the link: https://youtu.be/pQuUdXB_IaU Under no circumstances would I ever think to buy a rental in cash. But would love to hear your thoughts on it, personally it makes almost no sense to do so. I feel like he's wrong on this topic. [link] [comments] |
| Condo vs house to put for rent. Posted: 12 Mar 2020 12:52 PM PDT Hello everyone! I'm 20 years old looking to buy my first property. My dad is also really interested in the idea and he has some history with real estate. So for background: I was looking to buy a home under $200K (including renovations) and would've been able to put at least 20% down. As I was talking to my dad about it he brought the idea of Condos up. I'm in the Philadelphia suburb area (bucks county) and my dad was talking about Burlington/Delran Area in New Jersey and how the condos there are cheap and in demand. You can find them between $80k-$120k and he told me that as the landlord I am not responsible for the roof or interior. If this is true, it would be a great way to start. Anyway now my questions:
Thanks for any and all information anyone provides in advance! [link] [comments] |
| Helping flipper with down payment. How much should i ask? Posted: 12 Mar 2020 12:35 PM PDT So a flipper asked me for About $10,000 for a down payment on a home they are looking to flip through their llc. They are willing to give me $5,000 once the house is sold. The question i have is this okay in the state of new jersey or do i have to worry about usury interest rate? Any other suggestions on how it should be structured? Thanks [link] [comments] |
| Posted: 12 Mar 2020 07:55 PM PDT With the Dow being "Dow"n to 21,200 obviously a ton of people have panicked about covid-19 as well as oil prices. I have not lived through a recession where I was financially literate this short but intense downturn is my first time and I'm excited to see what happens. I'll be ready to buy property on my 18th birthday late this August and am wondering how our happy little stock plummet will affect our RE market. I'm not much of a speculator but what do you guys think will go down within real estate markets around the USA? [link] [comments] |
| With rates dropping, is it a good time to refinance? Posted: 12 Mar 2020 11:23 AM PDT Rates are dropping and I'm thinking of refinancing my 30-year fixed-rate mortgage. I also see that HELOCs are no longer tax deductible, which sucks but whatever. Is it a good time to refinance or should I hold off? Also, what are your thoughts on alternative lenders? Thanks! [link] [comments] |
| Mixed use loan - can anyone share their terms? Posted: 12 Mar 2020 11:19 AM PDT Hi all, hoping to get some data points from those who know where mixed use loans are currently at. I was recently approved for a loan at 70% LTV at 6.25% interest rate, 30 year amort. Any idea how that compares to other mixed use loans? [link] [comments] |
| Posted: 12 Mar 2020 04:54 AM PDT For those that are into wholesaling you never find it intrusive to knock on someone's door as an invasion of their privacy? I'm not saying that everyone does it but for those that do you never feel awkward or find it as a bit of an invasion of privacy? For me personally it was one of those things that I never like happening to me I never like Jehovah's Witnesses or salespeople coming to knock on my door. I've got no problem with sending out maybe a personalized letter in the mail addressed specifically to the person whose house is in pre-foreclosure but to me it's just a bit awkward and uncomfortable knocking on someone's door and talking to them about their pre-foreclosure cuz it feels like a bit of an intrusive move [link] [comments] |
| First Time Homebuyer Meets First Time Investor Meets COVID-19 Posted: 12 Mar 2020 08:36 AM PDT TLDR: Was working on buying a "backdoor" triplex, want the wisdom of r/realestateinvesting to weigh in generally, and in light of the Coronavirus. Here's a google sheet with the numbers: https://docs.google.com/spreadsheets/d/15FKstqNRSyjW_I5KaBp9Vm_hb6ca00_qdc4susn-tJ4/edit?usp=sharing Facts about us: Myself and my wife are both 29 We currently rent half of a duplex that is comparable to the unit we would occupy for $1700/mo in the same neighborhood. I make most of the money while she runs a lifestyle business from home and has extra time to manage the AirBnB. The Deal: Looking at a place with a finished basement with a kitchen that will rent for ~$1150, a main floor that will suit our needs (2BR, 1Bath - no kids but maybe in 3-5 yrs) and a finished attic with a bathroom that would work well for AirBnB (think studio without kitchen). The cool thing is with minor modification the basement and attic will each have their own external entrances. We have negotiated down to $718k as a purchase price and have submitted a contract, but it's not too late to back out for free at this point. Before all this coronavirus crap I expected about 60% occupancy in the AirBnB, avg $70/night and some cleaning fees (wife and I will do the work). It's in a really great area in a major city with good growth, but obviously we're paying for all that at 718K. Most places that go up for sale here get bought in days for asking price or above. This one is a bit of a fixer-upper but it's just cosmetic stuff that will be cheap, nothing major at all in terms of dollars. The reason it's not selling is it's a weird setup for a single-family home but is pretty perfect for what we're trying to do. Thoughts? [link] [comments] |
| Coronavirus + 1031 while out of US? Posted: 12 Mar 2020 03:25 AM PDT Handling things for my parents and they're overseas. There hasn't been a travel ban to their region but considering its in Asia there could be, which means it would be difficult for them to sign notarized loan documents because of embassy access issues. Any bankers know if banks are being more flexible right now in terms of notarized signing? It seems dumb we can't do this over Zoom the more I think about it but I understand the need for wet ink signatures eventually. [link] [comments] |
| Can anyone help me calculate short term capital gains Posted: 12 Mar 2020 07:09 AM PDT Purchase price 360,000 Closing cost: $15,000 Capital improvement $2,000 Sale price $384,000 Closing cost: $24,000 I'm not sure of depreciation. Our tax bracket is 24% I'm a doof when it comes to taxes. And I just paid a 5k tax bill for capital gains. [link] [comments] |
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