Real Estate Investing: Ozone generator |
- Ozone generator
- Closed On My 4th & 5th Units Yesterday
- Do I need an on-site property manager for a 32 unit apartment complex in Texas or is hiring a property management company sufficient?
- Best practices for shopping interest rates without getting killed with hard inquiries?
- Starting an LLC with some co-workers to invest in our first real estate property??
- How to get into real estate investing if you're single?
- Hard Money worth it?
- Does it make sense to pay more into a mortgage to make it qualify for cash-out refinance?
- Is staging a flip necessary?
- Make my money work for me?
- Wholesaling as a licensed real estate agent?
- Possibilities of investing while still in college?
- Westchester NY Anyone?
- I am curious on people's thoughts on an idea someone suggested to me," Get a line of credit that can be used to buy into a partnership with people who are actively doing flips."
- 18Y/O in need of investing help
- determine when a house is below what it is worth?
- What lenders are offering good deal on cash-out refis for investment property ?
- Fearing the permanence of a purchase
- Funding?
- Where are you finding cash flowing investment properties these days?
- Torrance remodel contractor
- How do I establish a streamline of listings for foreclosed homes, REOs, and other discounted investment properties?
- I'm curious on people's thoughts about this property 3-bedroom 1-bath listed at 62500 it's a foreclosure. Listed said no interior access, but able to look through the windows. (Link to Photos in the Post)
- Commercial Multifamily Deal Sourcing/Filter Tips and Tricks...GO
| Posted: 07 Mar 2020 05:44 AM PST Just bought my first home and the previous owner was a heavy smoker. I've done enough research to know I need a ozone generator but I have a few questions. The entire house needs done for context. About 1000 sq ft 2 floors.
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| Closed On My 4th & 5th Units Yesterday Posted: 07 Mar 2020 09:17 PM PST And full disclosure, I'm living in one of the 5. I got some encouragement from redditors that I'm very grateful for on this deal, basically saying "it's not a home run, but you'll be able to get in there and figure out how to make it work." 3.37% rate as an owner occupant. Purchased at 277k. Appraisal came in at 300k. I don't like to post this stuff on social media bc I like a little privacy. I feel good sharing annon on reddit though. Overall portfolio valued a little over 900k now. 37% equity 63% leverage. Would like to be at or slightly below 30% equity for the whole portfolio, so who knows... maybe I'll be shopping again sooner rather than later! I'm going to take some time to enjoy this and improve the house (1961 in fair condition) I just moved into. Idk if it's my forever home, but is a ranch style (my favorite), on a quite street, 2400 sqft, 1/2 mile from my job. The second unit is just basically an efficiency, detached, renting for $625- may consider airbnb-ing it if I can scrape up some $ for a small renovation. Idk if that's a good idea- might be better off just taking the $625. I think this sub is my favorite of all the online real estate stuff I look at- I appreciate the insights and opinions! The community definitely helped me clear the mental hurdles to get this one locked down! Where do I take it from here? [link] [comments] |
| Posted: 07 Mar 2020 06:47 PM PST I'm about to close on a 32 unit property and I'm not experienced when it comes to properties this size. If I hire a property management company would this suffice and what is a typical fee structure for something this size ? I own a total of 14 units but none have been close to this size. I sold one and am purchasing a 32 unit via 1031 exchange . Thank you [link] [comments] |
| Best practices for shopping interest rates without getting killed with hard inquiries? Posted: 07 Mar 2020 12:39 PM PST Looking to refinance some mortgages given the recent rate cut. What are your best practices for shopping rates without numerous hard inquiries hitting your credit report? I am aware that if they are within a 14 day period, they are supposed to count as 1, but that has not been my experience in the past. [link] [comments] |
| Starting an LLC with some co-workers to invest in our first real estate property?? Posted: 07 Mar 2020 08:01 PM PST I've got 3 coworkers (plus myself) who are all very interested in real estate investing. We're all fairly new out of college and don't have tons of money, but together we have enough to invest in a single family rental. Does it make sense to create an LLC for all 4 of us to get our first experience in real estate? Anyone done something similar to this? [link] [comments] |
| How to get into real estate investing if you're single? Posted: 07 Mar 2020 03:25 PM PST It seems it's so much easier to get into real estate if you have a partner. At best I could qualify for like a 150k condo in my market and that would be on the expensive end for me. I can't help but think if I had a partner making similar money to me we could get twice as expensive and it would be much more lucrative. [link] [comments] |
| Posted: 07 Mar 2020 11:20 PM PST We're starting into flipping (closing on a place next week) but finding funding options was difficult, and the hoops for financing a fixer-upper has been nuts. We have enough to put down 20% on most basic single family homes, but the homes we find need lots of work making it difficult to finance (roof certs, old plumbing and electrical, etc). We don't have enough to buy in cash 100%. Hard Money is an option, but the rates seem ungodly. They'll just eat all of our profit. We've never used HM, so I'm curious what people's experiences are. [link] [comments] |
| Does it make sense to pay more into a mortgage to make it qualify for cash-out refinance? Posted: 07 Mar 2020 07:11 PM PST I have an investment property I'm getting ready to buy. It's worth $80K and I'll be putting 16K (20%) as my down payment. I want to leverage this property to buy my second property down the line. Obviously, most banks will not accept a cash-out refinance with only 20% of the mortgage paid off. If I saved another 16K and put it toward that mortgage, at that point it would be 40% paid off. From there, could I do a cash-out refinance to free up that capital for my second property? If, for example, the bank offered a 75% LTV, I could effectively free up 60K to put into my second property while only needing to save another 16K cash between now and then. I'm pretty sure this is how leveraging works, but I want to be sure I'm not missing anything obvious. [link] [comments] |
| Posted: 07 Mar 2020 04:52 AM PST Having a hard time deciding on whether to bother spending more money to have a staging company come in and furnish before going on the market. What's your experience with how much this affects sale price/speed? [link] [comments] |
| Posted: 07 Mar 2020 11:00 AM PST I know you people hate these kinds of questions on this sub but I'm hoping I can get some good advice despite the downvotes.. So I just quit my job for reasons unimportant to this post, and am seeking to use the money I've saved from working the past few years to work for me by investing in real estate (Aprox 20-25k) the obvious issues here are getting a loan with no income, not having quite enough money for a flip, or for a rental that'll provide adequate cash flow to continue to grow my business or even live off of. Do I have any other options or opportunities besides getting back into the workforce to save more money? I dread the idea of doing so because it took so much hard work and so much time just to save the small amount of money I have, you real estate people are all about "make your money work for you" and "you don't get rich off of W2's" but I'm struggling to find a good route to take. All constructive and helpful comments are much appreciated. [link] [comments] |
| Wholesaling as a licensed real estate agent? Posted: 07 Mar 2020 08:13 PM PST I'm sure this question has been asked here before, but I can't seem to find it. My wife and I are beginning to get into wholesaling, and she had already planned on getting her real estate license. Does this have any effect on how, or if, she can wholesale property? [link] [comments] |
| Possibilities of investing while still in college? Posted: 07 Mar 2020 07:45 PM PST I currently am close to finishing up my first year in college. I am 19 years old and I am going towards a business administration degree. I'm not sure where to start as I am looking into this not for the money but also for the value of a possible place to live in when I graduate. My hope is that I have a good job and I can budget for risks and investments to earn even more money. Are there any good steps I can take now in order to set myself up for the future? Are there any important things I should focus on? [link] [comments] |
| Posted: 07 Mar 2020 05:18 PM PST Anyone invest in Westchester NY? The properties there look very spacious (at least 1300sqft) with decent prices around 500-600k. 500-600k in the metropolitan area in NYC can prob get you 800-1000sq ft in a not so safe neighborhood. A lot of people I know that work in Manhattan lives in Westchester. Thinking of buying a SFH in Westchester NY and renting part of it, maybe the second floor, and live on the first floor. No experience in real estate investing but I really want to get started. Anyone have properties in Westchester and can share some experience and insight? [link] [comments] |
| Posted: 07 Mar 2020 05:00 PM PST I happened to be having a conversation with someone earlier and they brought up the idea of "getting a line of credit to fund other people's flips". I have a good credit score, mid- 700s. Her exact words were, "With your good credit you should apply for a Line of Credit from a credit union NOT A BANK. Its cheaper. That line of credit can be used to buy into a partnership with people who are actively doing flips. The line of credit is usually good for 10 years. YOU charge people to use YOUR money - which is the line of credit money - say 12% interest. You lend that money - the people pay you monthly which you push back into the line of credit account. When they sell the house BOOM you pay off the LOC collect your 12% - rinse and repeat." I am just wary of putting my credit on the line for others. [link] [comments] |
| 18Y/O in need of investing help Posted: 07 Mar 2020 04:56 PM PST Hello, I'm currently 18 years old and wondering what to do going about investing into my future. I'm currently in college and majoring in nursing, and was wondering what to do with my money. (Once I have me degree the plan is I would work 3 days a week with my degree and use the other 4 days of the week to continue to learn about investing/ invest). I would like to own real estate in the future as well as have money for when I retire. I was wondering what to do now... should I save up money so I could have a down payment on a property, or should I contribute to my Roth IRA, and worry about real estate later down the line when I have my degree?? I do have a job but don't make a lot of money.. currently I make 13.5 an hour and work 10hrs per week. When summer hits I'll make more, so the question is what should I do? I just don't think I would able to max my IRA account and still contribute a decent amount to saving for a down payment. I was wondering should I just save as much as possible for a down payment, or should I just focus on contributing to the IRA. Also would it be important to get my real estate license? If I got them I would probably start courses now-ish and then get my license in the summer. Thank you so much for your advice! -jake [link] [comments] |
| determine when a house is below what it is worth? Posted: 07 Mar 2020 12:59 PM PST I was thinking specifically about just buying and selling to gain value. Also on the remodeling aspect to gain value. On the buying side of things, is the gist of it to buy something that they want to get off the market fast or no one wants to buy it so they had to really lower the price down. On selling the house, the idea is to sell more than its currently worth, meaning it has to be in demand where it gets bid up? From the remodeling aspect, making it clean and upgraded, will always add value? If I make it really really nice I can get more value? Basically most of real estate buying, selling, remodeling is just perception. What the buyers perceive your house to be worth to live in. When I buy a house it's how bad a house is perceived (which most buyers don't want) to drives the house price down for me to buy it cheap to fix. Remodeling is making the changes that will up the perceived value above what it costs to remodel? At all stages I should be looking to do this? [link] [comments] |
| What lenders are offering good deal on cash-out refis for investment property ? Posted: 07 Mar 2020 12:45 PM PST Score 720-740. They all want to do a credit pull to tell me the rate they can offer me. better.com that has been touted here a great deal actually had one of the worst rates for me... Which lenders are offering good deals ? [link] [comments] |
| Fearing the permanence of a purchase Posted: 07 Mar 2020 12:45 PM PST I've been dying to get into real estate for years. At this point, it's inevitable I will be a landlord eventually, but I haven't settled down enough yet to feel comfortable buying. I graduated college 3 years ago, moved about 2 hours away from my home town near a big city. I like the area but I'm not certain this is where I want to be long term so I don't want to purchase a property if I'm not going to be around it (at least for my first one). Another thought was to purchase back in my hometown since I'll always have a reason to go back anyway with family being there. My hesitation there is my hometown area is very lacking in terms of opportunity. That said, housing is super affordable. I'd appreciate any input on my dilemma, thanks. [link] [comments] |
| Posted: 07 Mar 2020 04:39 AM PST So I've been researching real estate investing for a year and finally deciding to pull the trigger. I'm having a hard time with the funding portion. All the hard/private money lenders I've reached out to require at least $15,000 in liquidity. Is this standard or am I missing something here?? I 'm a little frustrated because of all the podcasts/workshops/forums etc. I've been involved in NOBODY ever mentions that you need that much money just to qualify for funding. One way to get around it is to add a co-owner to my llc which I could do but then we both have to file federal taxes on it . If anyone has any info that could help me out with this problem I really appreciate it. [link] [comments] |
| Where are you finding cash flowing investment properties these days? Posted: 07 Mar 2020 02:34 PM PST As in the title it seems every market i look at is just so pricey I [link] [comments] |
| Posted: 07 Mar 2020 08:14 AM PST Looking for recommendations for remodel contractors around the Torrance CA area. Kitchen, two living rooms, bedroom, bathroom, and update plumbing. Thanks for any suggestions [link] [comments] |
| Posted: 07 Mar 2020 12:43 PM PST Individual investor here, looking for help in finding potential opportunities. Any help is greatly appreciated! [link] [comments] |
| Posted: 07 Mar 2020 12:06 PM PST I'm curious on people's thoughts about this property 3-bedroom 1-bath listed at 62500 it's a foreclosure. The original posting online says that there's no interior access to the property so I happen to live about a mile and a half from the property so I went to and check it out this afternoon just to see how it actually is. I happen to be able to look into the windows and these are the pictures I was able to take. [link] [comments] |
| Commercial Multifamily Deal Sourcing/Filter Tips and Tricks...GO Posted: 07 Mar 2020 07:14 AM PST Post some of your secrets to finding a great deal. Here's one of mine. I prefer to buy deals from owner operators that self manage, and are from the boomer generation. They leave enough meat on the bone that there's usually a deal in there with the right value add strategies. [link] [comments] |
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