Real Estate Investing: If we believe that real estate is cyclical, is now the time to sell? |
- If we believe that real estate is cyclical, is now the time to sell?
- Foreclosures
- How did you prepare yourself to buy a house and your experience buying your first house
- Need advice on holding property as trust or LLC in advance of sale.
- 51% improvement vs land value
- How do you manage your property?
- Out of State Investing Feasible for Novice Investor?
- How do you find your deals?
- Any of you create an LLC to act as the property manager for your own rentals?
- Would you rather have more houses or more of the houses?
- Refinance Investment Property during pandemic?
- 3 Bay garage rental ideas
- 30 year rental product
- Pros & Cons of buying land for tiny homes
- Has anyone here started REI with commercial property?
- New York real estate price drop concern
- Best cities for rental properties in SoCal?
- How to get started with little to no money?
- Where do I begin?
- Thoughts on first rental property
- Long island investors out there?
- Flipping a property, sole business tax question
- I’m considering buying the place I live in, renting it out for the rest of my years as a student, and then selling once I’m done being a student. How can I make money on this? How long would I have to hold the property for me to actually make money on the investment?
- Any real estate investors in Michigan? Where are your favorite cities?
| If we believe that real estate is cyclical, is now the time to sell? Posted: 03 Jul 2020 12:29 PM PDT I've always been told that the market is cyclical. If the last bottom was in 2012 and now we've got high demand and low inventory, is now the right time to sell? I know time in the market > timing the market. However, I've got some properties that have appreciated like crazy over the last year. Stock investors always say "no on ever goes broke taking a profit" and I'm starting to think it's a good time to let go of some properties because the uncertainty makes me uncomfortable. [link] [comments] |
| Posted: 03 Jul 2020 02:31 PM PDT Bought a triplex with traditional financing (25% down 30 year mortgage). I personally believe there will be opportunities in the next year or so when all of the government hand outs/banks suspending mortgage payment collections end and people being unemployed for so long can't afford their properties. So I believe there will be a lot of foreclosures in the future. I am just starting to think about buying a foreclosure and would appreciate guidance from people that have experience in that field of investing. 1) what is a good source to read about buying a foreclosure? 2) what has your personal experience been in this field 3) how does it differ from a traditional sale with a mortgage 4) things to look out for when looking at foreclosures Thank you in advance [link] [comments] |
| How did you prepare yourself to buy a house and your experience buying your first house Posted: 03 Jul 2020 11:59 PM PDT
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| Need advice on holding property as trust or LLC in advance of sale. Posted: 03 Jul 2020 09:54 PM PDT We are 5 family members that hold title to 50% of a California farm in an LLC. The other half is held by a second LLC with 4 different cousins. We have all (9) agreed to prepare to sell the land next year. In preparing to sell, we are dissolving our (first) LLC and moving assignment of title to the individuals. This will allow everyone to take their share and walk away. Some will 1031 and others will just take the tax hit. But dissolving now will avoid complexity of doing a drop and swap at time of sale. Some are forming new LLCs with only one member. I was thinking that it would be enough to transfer title of my shares to the trust my spouse and I have. Is that a good idea? We have insurance on the land. And no debts on the farm or credit issues. Should we go to the trouble of creating an individual LLC even if it's just for one year? [link] [comments] |
| Posted: 03 Jul 2020 09:04 AM PDT There's a small house on large expensive land I'm looking at buying. Mortgage broker says it won't qualify for conventional jumbo financing because the "improvement vs land value" is greater than 51% (on the land side). I googled but couldn't find any reference to this 51% limit. Is this actually a thing? [link] [comments] |
| How do you manage your property? Posted: 03 Jul 2020 07:08 PM PDT What CRM are you using as a real estate agent? I'm thinking of potentially thinking of building one but don't know if there is a need for it. [link] [comments] |
| Out of State Investing Feasible for Novice Investor? Posted: 03 Jul 2020 03:06 PM PDT I'm 25 years old and by the end of the year will have about 90k in savings. At the moment the money is just sitting in a savings account and I'd like to start thinking about how I can better put it to use. I'm interested in real estate, but I live on Los Angeles where prices are absolutely exorbitant. Whenever I look at listings in other cities it seems that between the lower prices and potential tax savings, investing out-of-state might make more sense. Is out of state real estate investing feasible for someone who is brand new to the field? Could anyone recommend some books or online resources that I could start looking at to learn more about if this is something I'm willing to take on? [link] [comments] |
| Posted: 03 Jul 2020 03:16 PM PDT Basically the title but for context. I think I am ready to dive into my first Real Estate deal, I saved 50k and I have watch more YouTube than I would like to admit. But the one thing I still do not understand is how do I find the deal.
Sorry if this is a super basic question. But if it helps I am located in Florida. [link] [comments] |
| Any of you create an LLC to act as the property manager for your own rentals? Posted: 03 Jul 2020 03:03 PM PDT My wife and I are about to close on a house that we'll be moving into at the end of the month. We currently live in a townhouse that I bought a few years ago and we also own the townhouse she bought before we met. My wife is a realtor and as a result, wemeet the real estate investor test set forth by the IRS so we can claim full depreciation write-off and not be capped at $3k in passive losses. I was thinking of forming an LLC to serve as the "property manager" and pay 10% of the rents to the LLC (which we will be the only member) for the two units. Has anyone done this before? Also, will we lose the depreciation write-off and/or in passive Losses because the properties would be "managed"? Appreciate any insight the subreddit can provide. Thank you [link] [comments] |
| Would you rather have more houses or more of the houses? Posted: 03 Jul 2020 10:10 PM PDT I'm looking at my options. I'm already pretty leveraged at 65% DTI high debt high income, financing multiple properties. My choices are I can save up a down payment and finance another residential investment property or I can pay roughly 30% of a mortgage and get it way ahead of the amortization schedule. My plan is to buy and hold and convert debt into equity. My hands are pretty full in the current state. I don't mind the hard work and debt is very cheap. Does anyone ever prioritize equity over cash flow? Would you rather buy another house for a bigger equity prize or would you rather pay down your debt for better and quicker cash flow? [link] [comments] |
| Refinance Investment Property during pandemic? Posted: 03 Jul 2020 02:38 PM PDT I've been seeing lower interest rates for home buyers as rates have fallen due to COVID. I have considered refinancing but as I've been shopping around for low rates, I only see high rates for Investment Properties and have not found it to be worth the trouble. Is anyone else experiencing the same? (Yes I am aware rates are typically higher for investment homes. But I don't see them lower than any other time, is my point. Seems to only be benefitting primary/secondary homes.) [link] [comments] |
| Posted: 03 Jul 2020 12:07 PM PDT Bought a 3br 2 bath trailer at an auction and it is renting. The lot is over an acre and the property also had a 3 bay garage on it that is far enough away from trailer to not affect the tenants. What ideas could you give for renting the garage? It has electricity and plumbed with toilet and sink. It previously had a lift (previous owner moved it out). I have 20 acres that connects to this property so if that could be utilised with garage that would be ok as well. Right now I just have made it i to a personal gym and store my tractor in it. Also a cool hangout as its only qt the end of my street. Ideas appreciated? [link] [comments] |
| Posted: 03 Jul 2020 09:12 AM PDT Before covid there were a lot of low interest 30 year fixed non qm rental products but they all went away in March. Have these come back to any of your local markets? [link] [comments] |
| Pros & Cons of buying land for tiny homes Posted: 03 Jul 2020 12:54 PM PDT Anyone have any experience in an Airbnb type model for buying plots of land near or in desirable locations and building smaller homes for vacation rentals? Considering doing this in a lake community location that is also near popular ski resorts in northern PA. All advice, tips, and criticisms welcome! [link] [comments] |
| Has anyone here started REI with commercial property? Posted: 03 Jul 2020 06:17 PM PDT I know most people get into real estate by purchasing a house as their first property. Is there a reason why most people choose this over commercial real estate at the same prices? There are a lot of retail and industrial properties in my area near the same prices as houses that have higher cashflow potential. I'm curious why people rarely start in commercial? [link] [comments] |
| New York real estate price drop concern Posted: 03 Jul 2020 04:20 PM PDT From this news: https://www.nytimes.com/2020/07/02/realestate/coronavirus-real-estate-price-drop.html "The coronavirus has dealt a blow to the Manhattan real estate market unmatched in recent history, and the prospects of a near-term recovery remain unclear. The number of closed sales in the second quarter were down 54 percent compared to the same period last year, the largest decline in at least 30 years, according to a new report from the brokerage Douglas Elliman. The median sales price fell 17.7 percent, compared to the same time last year, to $1 million, the biggest drop in a decade. The number of contracts signed for apartments in June, the latest indicator of buyer appetite, was down 76 percent, compared to the same time last year." Would this spread to other common places too or it is a unique issue for big and expensive cities? I only saw it for NY, but have read that SF has a similar issue related to tech workers moving out because of permanent remote-work arrangement. Thanks [link] [comments] |
| Best cities for rental properties in SoCal? Posted: 03 Jul 2020 04:08 PM PDT First time real estate investor here looking to buy a property with intent to rent. What are some peoples' picks for best cities in SoCal to invest in rental properties? For example, I looked at Corona, CA where the price-to-rent ratio seems decent and population growth looks good. Other suggestions? [link] [comments] |
| How to get started with little to no money? Posted: 03 Jul 2020 04:04 PM PDT My fiance and I are really interested in getting started renting places out. Looking for single family houses, but want to move up to quads or more later. Any tips? [link] [comments] |
| Posted: 03 Jul 2020 03:56 PM PDT As long as I can remember I always dreamed of owning multiple houses to rent them out. It started small, when I was little I wanted to make enough money to buy a house for my mother. Thinking about this a lot I learned that I want to invest in real estate. Now I am 20 year old I want to take this seriously, but I don't know where to start. I am watching YouTube videos about this subject, but I think it's better to ask people with experience. I am currently in college with not much money on the side. I am working on that. I am wondering; what can I do or what steps do I need to take to start investing in real estate? And do you have some advice for me? Thank you for reading [link] [comments] |
| Thoughts on first rental property Posted: 03 Jul 2020 03:25 PM PDT Hi, I am looking at purchasing a 4 bedroom/4br place in North Carolina close to one of the colleges in Raleigh. The ideal setup would be renting to graduate students. I have the below setup that would likely be a 5% cap rate and a 4% COC on the property. It is already rented out for the next 1yr period so would be curious to know if 4% on the COC front is decent or should I hold out and wait for a property that looks a bit more attractive? I am assuming a purchase price of about 200k with rental income of 1820 annually on the property and a 30y fixed mortgage at 3.5%. [link] [comments] |
| Long island investors out there? Posted: 03 Jul 2020 06:32 AM PDT Any of you on Long island? I'm trying to hook up with serious investing groups or individuals where I can identify suitable investing niches in this market with a very expensive entry point. I've been to one real estate networking Meetup and it seemed more marketing oriented, if not borderline predatory. I've been a FIRE-minded stock market investor for many years but looking to diversify into real estate. Thanks. [link] [comments] |
| Flipping a property, sole business tax question Posted: 03 Jul 2020 06:15 AM PDT My dad wants to start flipping houses. Meaning he would leave his job and my mom would continue working just in case things go terribly wrong and also for health insurance. My question is if the taxes for the expenses of flipping could be written off. We would take a home equity loan on our current house and buy the property to be flipped in cash. Could we write off the expenses such as paint, hardwood, etc? Also curious about capital gains. I assume 1031 is the best way to go about it once the house is sold to continue the business. [link] [comments] |
| Posted: 03 Jul 2020 07:01 AM PDT |
| Any real estate investors in Michigan? Where are your favorite cities? Posted: 03 Jul 2020 12:56 PM PDT Anyone here investing in Michigan? What are your favorite cities and why? [link] [comments] |
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