Real Estate Investing: What tools do you all use to consistently track new investment opportunities? |
- What tools do you all use to consistently track new investment opportunities?
- What percent of your net worth is in real estate?
- Real Estate Investing In Countries like India
- Where to obtain good lease forms
- Do any of you invest in areas close to college campuses?
- Why are hard money loans so popular for funding flips?
- First time home buyer duplex/triplex vs big single family home (4-5 brs) vs single family home with in-law
- What happens when you need to do major plumbing on a unit that requires the tenant having to move out for a few days or weeks?
- Resources specifically for apartment rental investments?
- Roth Conversion Ladder and DTI (Debt-to-Income Ratio)
- Day of the month an application for a mortgage is submitted influencing the kind of offers one gets?
- At what point did you hire a full time employee to help manage your portfolio?
- What's the best up-and-coming city to invest in California/West Coast?
- Holding Title in California.
- Mom is about to lose her house. She signed a (Texas) contract to sale to a wholesaler. The price is completely unfair. Is there anyway for for to get out of it.
- Conventional lenders that offer mortgage on rental property with 15% down?
- Medical Office Buildings
- How do you choose a mortgage lender?
- Can’t Qualify for 30 year Mortgage, only 15
- Looking for Initiation Advice!
- How do you BRRRR with $1 million cash, and you want to use bank money, but you're a drug dealer?
- What criteria do you use to find out of state properties to invest in?
- I own a few houses outright, is there an escrow service that will charge me monthly like a mortgage and pay my tax bills? Could someone point me in the right direction?
| What tools do you all use to consistently track new investment opportunities? Posted: 19 Aug 2020 08:56 PM PDT Hi folks, I'm new to the world of real estate investing. I am educating myself with books and webinars. I am currently manually visiting sites like Zillow to identify suitable rental properties to invest it. Do you all know any tools which automatically screen a region and notify if a listing matches the specified criteria? Thanks! [link] [comments] |
| What percent of your net worth is in real estate? Posted: 20 Aug 2020 04:09 AM PDT Physical holdings, not REIT's, and not including your principal residence. Bought my first rental property 29 years ago, currently sitting on around 30% of my net worth in real estate (less than 30% cash, the rest in mutual funds and equities - though recent gains have made me consider upping my cash position). [link] [comments] |
| Real Estate Investing In Countries like India Posted: 19 Aug 2020 07:04 AM PDT I am 21 years old and I live in India. I am fairly new to real estate investing. In India, the condition of real estate is slightly different. The builders are selling homes for almost 10 times the price they bought it for. So no one is really interested in buying these houses. There is a very slow depreciation of prices of homes since many years. The correction of these prices were ongoing but covid-19 stopped that from happening. So there is a very less demand of real estate while the inventory is quite a lot. On the other hand, the interest on home loans here is 8-12% which is almost tripple than other western countries. So strategies like brrrr dont really work here. One can use appreciations for gaining profit but that too is not guaranteed which is suggested by the previous trends. I am currently an engineer and my job is quite high paying. So I basically wanted to know how can I go about with real estate investing in India or any other alternatives if you can suggest. [link] [comments] |
| Where to obtain good lease forms Posted: 19 Aug 2020 09:15 PM PDT Where do you all obtain decent lease forms? I'm looking for a good form for Mississippi. [link] [comments] |
| Do any of you invest in areas close to college campuses? Posted: 19 Aug 2020 09:40 AM PDT I read where it's possible to get more $ renting to college students because they pay by the bedroom and not the whole unit. So if you want to rent out a 4 bedroom duplex, or a single house with 4 bedrooms, you can make more net income. I'm sure this approach can come with added headache. I'm just curious if anyone has experience with this and could give some insight. Thanks! [link] [comments] |
| Why are hard money loans so popular for funding flips? Posted: 20 Aug 2020 04:44 AM PDT It seems like everybody uses hard money lenders to fund their deals, but I don't understand why people use cheaper means like a bank line of credit. It's like half the interest rate and does not require money down. Sure you need good credit but for those who do, why isn't a line of credit from a bank more popular? [link] [comments] |
| Posted: 20 Aug 2020 12:43 AM PDT I am looking to get into the Bay Area (USA) real estate market. Currently live in a 5BR home which my friends own (couple) and rent out remaining 4 BRS. Thinking of doing something similar OR perhaps getting a duplex/triplex and living in one unit and using remaining to offset mortgage patent OR getting single family home with detached in-law where I can live and rent out the main home. This would be my first property so I would likely qualify for an FHA loan. Wondering if anyone has had any experience with any of the above. Anything you wish you knew before signing up for it? Pros/cons of 3 above scenarios. Perhaps any tax benefits/ramifications for any of the above? Anything I may be missing? [link] [comments] |
| Posted: 20 Aug 2020 01:26 AM PDT Is the landlord responsible for covering hotel and moving costs? Insurance company? Does it depend on the scenario? Example plumbing vs fire? [link] [comments] |
| Resources specifically for apartment rental investments? Posted: 19 Aug 2020 03:40 PM PDT I've been curious if it's a good idea to buy 2 apartments, 1 to rent and 1 to live in for a period of time until I can also make it a rental as I slowly upgrade. I mostly just want to know the basics around condo fees, how they fluctuate and if I'll even be able to come out with positive cash flow (depending on down payment) from the rental property after mortgage, fees, insurance, etc. Also the pros and cons of apartments. How easy they are to re-sell? Anything else I'm missing? Just tell me if this is a bad idea. Regarding my income and financial situation, I will be looking for a new job in the city I am looking to invest so not sure what my salary will be, just basing this off of what I have saved and a minimum salary. [link] [comments] |
| Roth Conversion Ladder and DTI (Debt-to-Income Ratio) Posted: 19 Aug 2020 07:25 PM PDT This is kind of a hybrid /r/realestateinvesting and /r/financialindependence question, so posting this in both places. I "retired" early a few years ago in my mid-30s. My wife didn't retire but switched to a more fulfilling/lower paying career. I've been investing in real estate...initially just in Notes but have gotten more into rentals the last year or so. Since we no longer have W2 income it's been a balancing act to keep our DTI under 50%. We also plan on upgrading to a new primary residence next spring and I want to take advantage of the low interest rates on primary homes. We have plenty of assets but less income. I'm in the process of buying a couple properties cash which should help that (though lower our ROI vs if we had financed) but I'm looking at other creative ways to improve the DTI. My wife has both a Roth IRA and a Traditional IRA from her working days invested in stocks. I have a Self-Directed traditional IRA that I've used for Notes. That account in particular earns 10-12% per year so would be nice to get "credit" for some of that income towards future mortgages even if it results in some taxes, so I'm starting to research some strategies. I believe a 72t distribution should count towards our DTI by most lenders since it would be set up as reliable regular planned distributions. The downsides of that approach would be that it's complicated to set up, the interest rate that determines what distributions you can take is really low right now due to COVID, and you can't really change your mind and stop the distributions later. This brings me to the Roth Conversion ladder where we would annually convert a certain portion of our Traditional IRA to Roth, and then after 5 years can withdraw that money from the Roth. Would the act of converting the money to Roth be "income" right away in year 1 as far as a mortgage underwriter is concerned, or would only the distribution/withdrawal from the Roth starting after year 5 be considered "income". Either way, how would we prove it will be regular income going forward to a lender? Would taking distributions from my wife's existing Roth help with that as we wait the 5 years to withdraw any newly converted money? [link] [comments] |
| Day of the month an application for a mortgage is submitted influencing the kind of offers one gets? Posted: 19 Aug 2020 09:52 PM PDT Heard about some people getting lower rates from applying towards the very end of a month, or the end of a whatever cycle. Wondering if anyone here had a similar experience, or heard of the same elsewhere. [link] [comments] |
| At what point did you hire a full time employee to help manage your portfolio? Posted: 19 Aug 2020 08:34 AM PDT I looked and I couldn't find this posted already. My building portfolio has grown but by bit and I'm now considering when I should hire someone to manage day to day. When did you guys hire someone? What did they do? How much did you pay them? [link] [comments] |
| What's the best up-and-coming city to invest in California/West Coast? Posted: 19 Aug 2020 03:37 PM PDT If you had to choose any city in California/ the west coast to buy a house to invest and grow your money, where would you put it in? Would it be large cities like SF, LA, and SD, or are there smaller counties that you see have huge potential? Would love to hear your thoughts [link] [comments] |
| Posted: 19 Aug 2020 08:09 PM PDT Hello everyone! Me and my parents are going in together on our first flip! We are trying to figure out the best way to hold title and wanted input. This is an all-cash purchase, with me owning about 20% and my parents at 80%. I am not ever planning on taking a loan out on this property or on my portion, however, my parents want to possibly be able to take a loan. Does Tenants in common allow my parents to take a loan on the 80% ownership without putting me on the loan affecting my debt to income ratio? This is the only real issue we need to work out otherwise we will probably hold the title as Joint tenancy with right of survivorship. The reason I am worried about this is that my income is small, I do have cash on hand though and a high credit score so I do not want it affecting the possibility for me to get future loans. If there is anything else I should please feel free to tell. We are scheduled to close on the 26th but will likely be delayed due to nearby fires. [link] [comments] |
| Posted: 19 Aug 2020 04:10 PM PDT My mom was misled in the pricing in the area and convinced to accept the low offer. What are our options to get out of it Edit: Big thanks everyones great responses, we are contacting a real estate lawyer. I am sorry for not being more active on this post. But thanks everyone [link] [comments] |
| Conventional lenders that offer mortgage on rental property with 15% down? Posted: 19 Aug 2020 10:10 AM PDT |
| Posted: 19 Aug 2020 09:18 AM PDT |
| How do you choose a mortgage lender? Posted: 19 Aug 2020 03:02 PM PDT What's the best way to choose a mortgage lender? Is the only way to compare them based on the rate they offer? Would a bank see you more favorably if you have a checking account with them? [link] [comments] |
| Can’t Qualify for 30 year Mortgage, only 15 Posted: 19 Aug 2020 07:30 AM PDT As the title says the first lender I looked at said I could not qualify for a 30 Year mortgage on a duplex rental property, only a 15 year. The list price is $235K with a 25% down payment, which puts the loan amount at ~$176K. He said anything under $200K loan amount does not qualify right now? Is this normal or COVID financial restrictions? Already talking to another lender. [link] [comments] |
| Looking for Initiation Advice! Posted: 19 Aug 2020 02:02 PM PDT Hey everyone, thank you for clicking on this post. To start off, my goal is to kick start my involvement in real estate. I guess this all started with my interest in retiring early, but my goal is to turn real estate investing into something that can payout a passive income. I have a good knowledge of some real estate background / beginner terms and whatnot, but really I just want to learn more about investing in real estate as someone with no experience and zero connections. A little bit about myself, I am 18, located in california, have around 25k CASH on hand. If you could point me in a direction as to where to start learning, that would be great, thank you! [link] [comments] |
| How do you BRRRR with $1 million cash, and you want to use bank money, but you're a drug dealer? Posted: 19 Aug 2020 07:51 PM PDT Let's say you bought a crap shack all cash $200k, $15k fix it up, and it appraises for $300k. House now rents for $1500/month. (low cap rate in cali) You wanna get back the $215k you spent so you can roll your dough into another property. Will banks lend you 75% LTV loans solely based on the rental income of that specific property? In this case, a $225k refi loan is just $950/month over 30 years, and the $1500/rent already covers that mortgage payment. so I'd imagine the bank should think $950 vs $1500 is a safe margin to loan on, right? [link] [comments] |
| What criteria do you use to find out of state properties to invest in? Posted: 19 Aug 2020 09:59 AM PDT Are there specific sites that you use to determine a location that you will invest in? It's pretty difficult to do if you don't have boots on the ground in the location. Everyone on BiggerPockets has something to sell, and that's not helpful. [link] [comments] |
| Posted: 19 Aug 2020 08:12 AM PDT I have a few different houses and recently transitioned some money into a couple of towns neighboring eachother. As I want to treat this as passively as possible Im looking for a company that will do escrow for each of my houses to pay the tax bills on time. I dont want to have to worry about when a certain towns payment is and for how much. Im looking for something similar to a mortgage that just pulls out money each month. Can anyone point me in the right direction of where I can find this? Is this something I might need to negotiate directly with someone? My google results are getting mostly messed up because the keywords bring me information im not interested in. Im sure this isnt standard but I cant imagine someone hasnt been interested in this before. [link] [comments] |
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