Real Estate Investing: How do you collect rent? |
- How do you collect rent?
- Investing in Real Estate with a friend
- Transitioning from owner occupied/house hack to full rental. Any advice?
- Real Estate investing (rentals) with a high tax bracket from day job - how to plan
- Is a town house or condo a good rental property in Phoenix, AZ?
- Mortgages for non-residents
- Commercial loan vs home refinance for apartment building
- First purchase in College Town
- Online auctions question
- "Real estate investing" only when you move
- What is scarcity mindset in real estate
- Does anyone have experience with “house hacking”? I’m extremely interested
- Would you use an online platform to sell your multi-family real estate property?
- House Hacking Question
- Option to buy out ownership of multi-million dollar shopping center or sell it on the open market
- Owning rental across the country?
- What is your niche?
- Investing with only 20k
- Obtaining investors and how to structure
- Should people be able to lease out specific motel rooms to others?
- Can’t find anything on Data Center RE
- Cemetery Graves
- What does a hard money loan look like to a traditional bank?
| Posted: 04 Jun 2020 09:07 AM PDT What's been the best app, site, etc., that you use to collect rent? [link] [comments] |
| Investing in Real Estate with a friend Posted: 04 Jun 2020 09:53 PM PDT Has anyone had any experience investing in real estate with a friend. Our notional plan was to pool our money for the 20-30% downpayment and then treat our income from the properties as "untouchable" and use that to buy more properties as well as contributing further amounts of money. Thankfully we have stable, COVID/recession proof careers. Has anyone had any experience pursuing something like this with a partner or co-investor? [link] [comments] |
| Transitioning from owner occupied/house hack to full rental. Any advice? Posted: 04 Jun 2020 06:47 PM PDT In the title. I've been living in a 3/3 condo for a year now. My 2 roommates have covered the expenses/reserved + $20/month. I am moving into an apartment with my girlfriend while I save for the next place, should be about a year before I could make my next purchase. The rent I collect from the room I leave behind will cover my new rent + 300/month. any advice/words of wisdom from the experience in this sub on managing my first property externally? I currently use cozy for everything. [link] [comments] |
| Real Estate investing (rentals) with a high tax bracket from day job - how to plan Posted: 04 Jun 2020 03:14 PM PDT What are the best ways to plan and calculate potential rental earnings when you have a day job income that puts you into the high tax bracket. Is release estate rental still a viable option in this case as a lot of the earned rent will be taxable at close to 50% in my case I roughly estimate. Is there any general information on this topic to be calculate and plan for this? [link] [comments] |
| Is a town house or condo a good rental property in Phoenix, AZ? Posted: 05 Jun 2020 02:45 AM PDT I live in Phoenix (obviously from my question). I would like to hear some investors thoughts on these types of properties for rental. I'd also like to hear what kinds of real estate deals or investments are more suitable for this region of the country. What I mean by that is, some types of rentals are not good ideas for some parts of the country. I'd hate to find out that a condo rental does not have a big rental potential after purchasing one. [link] [comments] |
| Posted: 05 Jun 2020 01:18 AM PDT Hi fellow investors. I'm based in the UK (British national) and very interested in investing in real estate in the US, single-family homes and multi-housing. I was wondering if I could get access to mortgages with US banks given i have no direct ties with the US. Does anyone know what financial institutions allow this? Downpayment required? And interest rates applied for a 25-30 years mortgages? Thanks! [link] [comments] |
| Commercial loan vs home refinance for apartment building Posted: 04 Jun 2020 09:24 PM PDT Likely buying a cheap 4 unit apartment building in my area. Will be my first rental property. I don't have a llc or intend to make one just yet. My loan again told me it has to be commercial loan for 4 unit or more building. I have enough equity in my home to cover the cost of the purchase if I wanted to refinance my main residence. Just curious of the perks/pitfalls of each option. I'm very new to this and have only owned a main residence at a time. Thanks for any advice. [link] [comments] |
| First purchase in College Town Posted: 04 Jun 2020 11:09 PM PDT Hi guys, in 18 months, I'm hoping to have around $25-30k in cash, and was hoping to invest in some real estate with it. I'm thinking about buying a 2-3 bed in a college town, and renting out each room to college students (this will be after the pandemic, so hopefully things are more back to normal). I wouldn't be able to actively manage, so I'd hire a property management company. Seeing as I have 1.5 years before I actually make the purchase, what things should I be thinking about in the interim, what should I be considering? Does anyone here do college-town rentals, and have any advice? [link] [comments] |
| Posted: 04 Jun 2020 07:15 PM PDT Has anyone recently purchased property through Xome online or auction.com? With covid it seems like they have placed all there auctions online... with this change I'm afraid that there might be fake bidders to increase prices.. is there anyway to verify that this is or isn't happening? [link] [comments] |
| "Real estate investing" only when you move Posted: 04 Jun 2020 07:05 PM PDT After researching real estate investing [single-family homes] for some time, I've come to terms that the time and effort it takes to dive in is not compatible with my lifestyle. I don't mind getting to the part of finding a tenant and landlording, but all the steps to get a property beforehand seems too much for me. With that said, I don't plan on staying in my current house forever. In fact, I think I'm gonna buy and move 3 more times in my lifetime. I was thinking of renting out my properties everytime I move out. I know it's not much and isn't real estate investing in the active sense, but as a [minor] supplement to my income, are there any downsides to this? Anyone else invest this way? [link] [comments] |
| What is scarcity mindset in real estate Posted: 04 Jun 2020 04:49 PM PDT I'm still very new to real estate and a few things I read and came across has mentioned the word scarcity mindset and to avoid it. Could someone explain to me exactly this is in REI? [link] [comments] |
| Does anyone have experience with “house hacking”? I’m extremely interested Posted: 04 Jun 2020 08:36 PM PDT Not sure how I didn't know about the FHA loan that let's you put down 3.5% if you live in the residence for a year. I live in Chicago and am looking for a place to buy but am now considering this. Have a tiny bit of commercial real estate actually, but in a totally different sector (industrial). So I know how to look at markets and run scenarios on vacancy and rental rates, but havnt done this for myself for multi family. Would love to hear thoughts on how far $100,000 of cash + my existing salary of $100k could go... I would assume a majority of the $200k would be for a down payment, with the remaining used for expenses in case something happened or to possibly rehab. Not sure how much to put away for that tho? Planning on looking for 3-4 unit buildings with the following example analysis in mind as an example: $8k per month income across 4 units, $96k per year. Less 10% vacancy: $86.4k effective gross income, then idk 50% expense ratio? Leaves an NOI of $43k. Should give a value of $865k, if I use a 5% cap rate. so the down payment would be $30.1k, leaving me with $70k for unexpected maintenance, rehab, and other expenses. I looked up a calculator for a mortgage using the 3.5% down payment, a 3.5% 30 yr rate and got $4.2k monthly payment, or $50.4k per year. I assumed taxes out of the 50% ratio. Is that ratio too high tho? Am I missing something? This scenario doesn't seem to work, does it? Any help would be appreciated! [link] [comments] |
| Would you use an online platform to sell your multi-family real estate property? Posted: 04 Jun 2020 12:39 PM PDT I was thinking the other day, if there was an Opendoor equivalent for your multi-family property, and you could quickly and easily get a custom tailored offer in a matter of hours, would you do it? With Covid-19 and other factors influencing the market and regular human interactions, seems like something like this could be valuable to people hoping to sell quickly or digitally or both. [link] [comments] |
| Posted: 04 Jun 2020 08:02 PM PDT I intend to help my brother purchase a home, which we intends to house back by renting out a room and, within 2 years, move out and keep it as a rental. Obviously., from his perspective, this would be his personal residence (although somewhat of a rental property). But from my perspective it's a rental property. How would taxes work? Would I even be able to get in the mortgage with him if he wants to only put down 5%? I imagine that I/we couldn't use any depreciation while he is living there? Edit: after further thought, my first question should be: Can my brother and I get an owner occupied loan if he intends to live there but I don't? [link] [comments] |
| Option to buy out ownership of multi-million dollar shopping center or sell it on the open market Posted: 04 Jun 2020 06:52 PM PDT I currently have a 25% stake in a shopping center that has been in my family for decades. My two options are to go along with listing the property for sale and receiving approximately 25% of the purchase price after commission etc. However, I fear this market value will be severely depressed due to how the center has currently been operated the past several years. I understand and helped manage this property for years as it has been in the family. It is without its anchor tenant for the first time since being constructed, this tenant being a business ran by another family member. This anchor tenant has always paid 50% of what the fair market value rent should be. All the other tenants have not had rent increases in 3-5+ years and some were already given generous deals in the first place. There is also a fair amount (~2800 square feet) of unused office space in the building. The owner was extremely old and had no interest in keeping rents at market rate or even attempting to rent out the office space. I know this property like the back of my hand, have amazing relationships and goodwill built up with the tenants, and I fear that the listing price in the open market will not reflect this severe lack of rent adjustment over the years. My conservative estimate is that the rental income is about 25% below where it should be, the bulk of which would come from having a new anchor tenant paying fair market value, allowing modest rent increases on all other tenants. My question is, will investors/appraisers/etc take this into account when considering the property? Or is there considerable appreciation to be had if I were to buyout the property myself then list it 1 year later after correcting these years of apathy towards the property and tenants? [link] [comments] |
| Owning rental across the country? Posted: 04 Jun 2020 12:15 PM PDT I bought an owner-occupied 2-unit in 2017 with an FHA, and have since purchased a new single family as my primary residence, operating the 2-unit as a full rental property. I am now considering moving 1000 miles away to a new city. I am weighing the pros & cons of keeping the houses as rentals (especially the 2-unit) and having a property manager take care of them, or selling them. I purchased the 2-unit rental for $380k, currently owe $344k and it cashflows ~$400/ month. The house would likely sell for $425k today (I'd pocket $35-40k). I've had a good experience and learned a lot, but it is quite a bit of work to keep the property afloat and profitable. It would certainly be easier to sell the houses and move, rather than have a property manager take care of them. Both houses are pretty old and do require some routine maintenance. Between the two houses I could probably sell both and walk away with $75k to start over in my new city, or I could let them operate as rentals for good while losing some profit to property management. Any experiences with this? [link] [comments] |
| Posted: 04 Jun 2020 02:18 PM PDT What is your niche? How did you find it and what makes you good at it? [link] [comments] |
| Posted: 04 Jun 2020 05:40 PM PDT Roommate is talking to a lender about potential pre-approval on a house to live in and flip after a year. We have talked about investing numerous times and starting to make moves. The lender has ran theoretical numbers showing we would only need roughly $20k down between the both of us. Does this seem realistic? [link] [comments] |
| Obtaining investors and how to structure Posted: 04 Jun 2020 05:10 PM PDT So I am just starting out and have several family friends who are willing to provide funds for any deals that I work crunch the numbers on. My question is would I form and LLC or a stock corporation or what? They want partial equity in the property (I was thinking they own part of the company?) if one of them contributes more funding at a later date how would that affect the structure? Basically how to I keep track of their interest and in which properties? And if one contributes more later how does that affect the structure? I know if it's a stock Corp I can't just go rearrange how much each person owns. Maybe hold lots of shares in treasury? Sorry if this is a little bit jumbled [link] [comments] |
| Should people be able to lease out specific motel rooms to others? Posted: 04 Jun 2020 03:59 PM PDT I am just seeing people's opinions on a business model where motels essentially become like apartments but are still considered motels. If any current or former motel owners your view is appreciated! Also to clarify I am not personally considering this business model for my own business I am just seeing other's view on it. [link] [comments] |
| Can’t find anything on Data Center RE Posted: 04 Jun 2020 03:53 PM PDT I just learned the term and I can't seem to find any information on it. What do you know about Data Center RE? Where can I get more information? [link] [comments] |
| Posted: 04 Jun 2020 03:46 PM PDT Does anyone have experience investing in cemetery land? What are your guys thoughts? Price range? Etc I purchased 4 pieces of land back in year 2000 for 8000$ a piece. Now they are almost worth 125k each. Is there still profitability in purchasing more land? There are some pieces of land in the same cemetery worth 20-30k [link] [comments] |
| What does a hard money loan look like to a traditional bank? Posted: 04 Jun 2020 03:30 PM PDT Trying to understand what a traditional lender will see if I was to do a cash out refi out a property that is under a hard money loan. Does it look free and clear? Or just mortgaged by a different source? [link] [comments] |
| You are subscribed to email updates from Real Estate Investing. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment