Real Estate Investing: Approximate costs to install shipping container homes? |
- Approximate costs to install shipping container homes?
- Has anybody tried fundrise?
- Appraisal came back and the comps were not similar houses
- 8 plex funding-disappointment
- Having Seller’s Real Estate Agent Represent Me As Buyer
- SFH vs Multifamily vs LP Syndications
- How to find a good renter and fix up the place for a newbie?
- What tools are available to figure out when I’ll hit F.I. with my property portfolio??
- How does tax credit financing work?
- County reappraised property ridiculously high. Best strategy to fight this?
- [dumb question] is electrical meter count to unit count a direct 1:1 relationship?
- Should i wait 3-6 months for residential realestate prices to come down?
- Investors lowballimg
- Security Deposit Question
- What's Everyone Think About Pacaso?
- Investing
- Purchasing a house contingent on a lien being paid off
- 12 Acre lot inside the city
- Seeking advice on how to find a new tax accountant
- Accessing equity in multi family Texas.
- Inheriting a single family home. How do I tap into the equity of the home?
- Newly formed LLC and escrow issues
| Approximate costs to install shipping container homes? Posted: 02 Oct 2020 07:20 PM PDT Hi, folks. I serve on a board for an organization that finds housing and employment for people with intellectual and developmental disabilities. We wish to establish a "subdivision" of affordable housing for them. We have a grant to purchase land but not the housing just yet. Are shipping container homes less expensive to build than tiny houses? Does anyone here work with shipping container homes? The people we serve just want reliable, safe homes and don't need frills like 2nd floors, decks, etc. Would anyone here know even just ballpark costs to ship and install a livable, no-frills shipping container home for these folks? Thanks in advance. [link] [comments] |
| Posted: 02 Oct 2020 06:35 PM PDT There is a website called fundrise. It is where you invest on real estate portfolio. It is like robinhood app, but for real estate. Has anyone tried? If so, is it worth it? [link] [comments] |
| Appraisal came back and the comps were not similar houses Posted: 02 Oct 2020 07:56 AM PDT I have a 3 BR/ 3.5 BA REI property that the appraiser tagged as a 2 BR and 2.5 BA and the comps used were by 2 BR and 1 BA and 2 Br 2 BA. The appraisal was substantially lower than expected and I cannot figure out why the appraiser missed a whole BR and BA He physically walked through the property. I'm now concerned that the house won't hit the 80% LTV. Anyone have a similar situation? My mortgage broker has already put an inquiry into the appraiser. [link] [comments] |
| Posted: 02 Oct 2020 03:43 PM PDT I have found a good deal on an 8 plex for 1.1M. Per my banker "I could qualify for 10, 1 unit houses for 10 million but that doesnt matter they dont like or do over 4 units homes." So i started searching and this is a really common issue and have basically had no luck (some ridiculous hard money lenders have offered but i dont want the 8 plex that bad). Lenders basically have said its too big for "normal" loans but not big enough for commercial products or its not their "thing" Any advice? Thanks in advance. [link] [comments] |
| Having Seller’s Real Estate Agent Represent Me As Buyer Posted: 02 Oct 2020 06:33 PM PDT Let's say I found a property I'm interested in and I want the seller's agent to represent me as their buyer so they end up getting let's say 3% commission from me and 3% commission from the seller. If me and the seller come to an agreement to purchase the home for $100k. Would the agent get $6k from the 100k or would 6k be added to the 100k making my total buying price $106k or do I have my numbers all wrong? Thanks [link] [comments] |
| SFH vs Multifamily vs LP Syndications Posted: 03 Oct 2020 12:45 AM PDT I have been studying real estate a lot over the last 2-3 years and went straight for LP (limited partner) investing in large syndications. What does that mean? Me and other investors bring money together to an experienced crew to take on an apartment buildings. Consider it like BRRRR investing but on a much larger scale. You get all the same benefits of buying your own duplex or quad plex...... you get to own equity of the entire complex, capture the depreciation for taxes, monthly cash flow, mortgage pay down, and forced appreciation from renovations.... the only downside is that you have no control over what goes on in the property. I have done about 5 of these deals so far in the last 2 years but I still always think about doing it myself. Why do I keep going back to thinking of starting out with a duplex and working my way up? The numbers never workout to be better and would require a lot more work...... thoughts? [link] [comments] |
| How to find a good renter and fix up the place for a newbie? Posted: 02 Oct 2020 11:35 PM PDT So my dad deserted my mom and the mortgage. He just went off to another country without a warning or give us a chance to fix up the place to rent. We want to rent out the finished basement of the house. It does need a little fixing of the windows and closet doors and it has a laundry room. We would still like to use the laundry room and block off the stairs leading to the upper level where we will reside. We have no idea how to start looking or where to start right now. I want to find reliable tenants that can pay at least 1k for a 1 bedroom basement with 1 bathroom and living room. There isn't a kitchen. There is a big closet that could possibly be another room with some fixing up. We are not sure what to do with the laundry though because we'd still like to use it. Any ideas are welcome. My mom is retired and I'd have to help her with some of the expenses. The location is great and 20 minutes from DC and major cities here. The mortgage is a minimum of 2200 without utilities. My mom owes 370k on the house which was purchased for 350k but they refinanced and my dad took out equity to pay his bills. [link] [comments] |
| What tools are available to figure out when I’ll hit F.I. with my property portfolio?? Posted: 02 Oct 2020 03:36 PM PDT Most people plan for retirement with standard investments (IRAs, stocks, 401(k), etc) and there are a ton of tools & financial planners out there who can help you project what you need and by when so that you can plan to retire. The problem that I've had is finding something or someone that will incorporate real estate (and all of the fun/additional details of real estate) into one planning tool. I'd love to find something that'll pull together all of my investments and sources of income (W2, IRA, rentals, etc) and put them together so that I can figure out how many more properties and/or what kinds I need to be able to hit my goals by a specific date OR with what I have, when will I hit my goals. I'd also extra love something that'll help me figure out how to better balance my investments – like, I have three properties but, it looks like the stock market is on fire – should I sell one of my properties & put that cash into the market? Vice versa? What makes the most sense down the road?? Any financial planners that we've talked to seem to see real estate as an "alternative investment vehicle" (like gold) so, they don't really advise on it & they don't know how to account for the changes that we all know happen (needing new roofs, property taxes going up, mortgages being paid off or doing cash outs to leverage, etc). We need a tool that'll help advise on all of these fronts in one place so that we can actually plan based on all of the moving pieces that we have going on. Is anyone else trying to do this too?? If you are, what are you using??? [link] [comments] |
| How does tax credit financing work? Posted: 02 Oct 2020 10:14 PM PDT I've read many times over the years about real estate development projects that were partially financed using tax credits. From what I've seen, these are often related to historic preservation or for developments in lower-income communities. I'm a part-time real estate investor (have flipped 3 homes, all built before 1920) and have been interested in learning more about how tax credits work, in case it's something I could use in future projects. But I haven't been able to find much helpful info online. As I understand it, a tax credit is a reduction of your total tax liability. So if you owed $100,000 in taxes and received a 20% tax credit, you'd now owe $80,000. I know that's a vast oversimplification, but my understanding is that's the basic idea. But it's not clear to me how that would allow a developer to finance a real estate project. For one, if they're seeking financing to buy a property they don't currently own, they wouldn't owe any taxes on that property yet. And even if they did own it, it seems to me that they'd need cash upfront, whereas a tax credit would only reduce future tax liabilities but not provide upfront cash to the developer. If anyone could give me a high-level overview of how the tax credit financing process works, or point me to some materials that would help me to understand it better, I'd really appreciate it. Even if it's not something that would make sense for me personally, I'd love to learn how the process actually works. [link] [comments] |
| County reappraised property ridiculously high. Best strategy to fight this? Posted: 02 Oct 2020 09:53 AM PDT Our county came through and did their reappraisal this year and wow did they ever goose the numbers this year. 20% increase is regularly seen with some houses seeing 50% or more increase. Now I'm not saying my property hasn't increased in value. It certainly has. I'm simply looking for ways to minimize my property tax liability short of selling my house. Legit advice is greatly appreciated (snarky responses are too if they're actually funny) [link] [comments] |
| [dumb question] is electrical meter count to unit count a direct 1:1 relationship? Posted: 02 Oct 2020 08:50 PM PDT I often see 4 electric meters on 4 units, 3 on 3, and so on and so forth. So I've always had the assumption that it's a 1:1. But one or two of the MFH properties I'm considering aren't exactly 1:1. Both have one extra meter. So, for example, one of the 3 units has 4 meters. [link] [comments] |
| Should i wait 3-6 months for residential realestate prices to come down? Posted: 02 Oct 2020 08:46 AM PDT When no vaccine returns life to normal, people wont be able to make their payments and prices will most likely come down. With the risk of this likely to happen, is it wise to wait until that happens or is prevented before buying a home? Edit: thanks for the responses! Any dvice for finding the best real estate agent to work with? [link] [comments] |
| Posted: 02 Oct 2020 07:50 PM PDT I have .85 acres in Hensley AR with all utilities, just need septic and new meter loops. I bought to a few years back, thinking I'd put mobile home or two on it for rentals or flipping.. but life happens so it's just growing wild again for the moment. An investors group reached out to buy it earlier this week. A decent offer, and I'd let it go, so... I explained my original plans and how far is gotten. They came back with an offer of 4300.00 and I deal with any title glitches. I admit I was a little insulted, but I get it that they are looking for the most bang for the buck. So I countered at 3x their offer, which frankly is still a decent deal for them. We'll see if I hear back a counter to it. Any suggestions on how to handle investors like this, or how to talk up an asset like this? I'm pretty behind on this kind of game. [link] [comments] |
| Posted: 02 Oct 2020 09:56 AM PDT So I know that the security deposit is a maximum of 2x the rent. When I rented it was generally first, month, security that you paid. Can you call it just first and 2x rent in security and have them pay last? What's the standard generally? Edit: just to clarify they say 2x is what I can do in my state I own the investment. But in the past have i paid first, last, security instead of first and 2x security? Is charging last months rent upfront considered security? [link] [comments] |
| What's Everyone Think About Pacaso? Posted: 02 Oct 2020 10:56 AM PDT Just read about a new platform that allows fractional ownership of real estate properties. Not a timeshare but a platform to recruit and package investors into an LLC to own property. They claim to match like-minded buyers in up to an eight-way split. Seemed like a nifty idea for buyers of second homes that don't want to use it to generate income. Pacaso website [link] [comments] |
| Posted: 02 Oct 2020 03:28 PM PDT I'm 16 about to be 17 and I'm looking into investing in real estate and renting homes. I have like 16 k in cash but I'm wondering what I need to learn and etc. Real estate interests me but I just don't know where to start and what to do any help would be appreciated. Thanks !! [link] [comments] |
| Purchasing a house contingent on a lien being paid off Posted: 02 Oct 2020 11:06 AM PDT I'm new to the Real Estate Investing world and I found a property I'm interested in putting in an offer for but there is a Child Support Lien and IRS Right to Redemption. I've been told that the seller is aware and understands they'll need to be satisfied prior to close. My question is how risky is this for me? Is it actually as simple as the seller paying off both? They amount owed is ~$100k with the asking price of the house at $205k. [link] [comments] |
| Posted: 02 Oct 2020 02:39 PM PDT I have recently purchased a house in a city with a population of roughly 250,000 and the house is sitting on 12 acres of land. The house and garage(s) occupy about 1-1.5 acres then there is roughly 6 acres of trees then finally the remaining ~5 acres of marshland, all quite level with a gentle grade to the marsh which lies at the back of the property. This land is about 5 minutes to the city center, mall, and university with 17k students. I would like to do something on this land to subsidize the mortgage and renos taking place on the house. I do have some cash available and I own another property closer to the university that is a rental currently. The lot is just over 200' wide and ~2600' feet deep. and there is an old freight car in the back a couple hundred feet from my house im considering turning into an airbnb, but im looking for other ideas, so, does anyone have an clever or outside the box ideas the make a small side hustle? I should add the city is not allowing subdividing the property at this time. If anyone has an questions let me know and thanks in advance! [link] [comments] |
| Seeking advice on how to find a new tax accountant Posted: 02 Oct 2020 02:13 PM PDT I have 4 properties in 3 states plus a normal wage job. I have been fed up with my previous accountants but have had a hard time finding a replacement. I do high quality book keeping and keep things simple so for the right CPA this is pretty straightforward work. I would like someone that is will to review and offer advice not just do my taxes on Apeil 12th and that's it. Any advice or recommendations? [link] [comments] |
| Accessing equity in multi family Texas. Posted: 02 Oct 2020 01:55 PM PDT So is there no way to access equity in an owner occupied duplex in Texas without selling it? Edit: I've talked with multiple lenders about doing a cash out or getting a heloc and have been told that in Texas it's not possible due to this being an owner occupied investment property. [link] [comments] |
| Inheriting a single family home. How do I tap into the equity of the home? Posted: 02 Oct 2020 01:18 PM PDT Right now I'm just paying the mortgage on the house. I'm planning to purchase a multifamily property in the next 6 months. The loan is under my mom's name. In order to tap into the equity to help pay for the multifamily property do I need to make the loan under my name? Or the house? I'm new to this and I want to start investing in multifamily properties. [link] [comments] |
| Newly formed LLC and escrow issues Posted: 02 Oct 2020 06:38 AM PDT I recently transferred the title of a vacation home we own into an LLC for the purposes of turning it into a part time rental. There is a mortgage on the property and taxes/insurance are paid through escrow. I know transferring the title into an LLC on a property bought via a personal loan is technically a no-no, but it's how it's commonly done in the industry (including my realtor and loan officer on their own rental properties). If needed, I could pay off the loan if the bank ever called it due, so don't really worry about it, but prefer the mortgage to keep cash free for other investments. I just received my tax bill notice, the one that says something along the lines of ignore this if paid through escrow. This year the header is Taxes Assessed for MY NAME & MY WIFE'S NAME, C/O NEWLY FORMED LLC. Have any of you dealt with this before? When transferring title into an LLC, did you try to stop escrow payments and simply pay tax/insurance bills yourself? Or do you just let it go, and assume it will just pay like it always has? Any advice or experiences would be appreciated. Thank you. [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