Real Estate Investing: Why (not) buy a house in Mexico? |
- Why (not) buy a house in Mexico?
- DIYers, where do you keep your tools? Considering buying a van to keep in my driveway.
- How to get started with hard money or private lending?
- Best tenant screening tools
- Is an Option to Buy Land usually just a few hundred dollars?
- Vacation property as an investment?
- How worried should I be about record high home values if the deal cash flows?
- What to look out for in a possible investment?
- Good Sources for Real Estate Terminology
- Question about "Second Home" Mortgages
- Fastest way to become a class B general contractor in California?
- Pros and cons of moving into rental property and fixing up before selling
- VA loan assumption to LLC
- CPA, attorney, mortgage broker, realtor - who did you meet first?
- HELOCs for Investment Properties for SFH in GA
- How to find long term data on real estate values for any given zip code?
- Anyone familiar with FNMA HomeStyle Renovation loan for refinance?
- Can you ELI5 the deal with travelling for 'real estate purposes' (checking out other cities to see their potential) and how it works come tax season?
- Want to refinance at these rates, can't get past DTI
- Good resources to learn real estate investment.
| Why (not) buy a house in Mexico? Posted: 13 Oct 2020 06:26 PM PDT I'm not interested but my brother is. I really don't know Mexico so what are the reasons to move there vs not move there? [link] [comments] |
| DIYers, where do you keep your tools? Considering buying a van to keep in my driveway. Posted: 13 Oct 2020 07:36 AM PDT I don't have room in my primary for all my tools, and it seems foolish to have a storage unit (90$/mo) for all my tools and have to go back and forth. Thinking of just grabbing a van for cheap to keep and store them all. My van would be out of sight of the street so I'm thinking I could be safe with it. Edit: I live in a city, I can't build a shed lol [link] [comments] |
| How to get started with hard money or private lending? Posted: 13 Oct 2020 07:44 PM PDT How exactly do you get started in private and hard money lending as an individual? What are the best ways to protect yourself and your money? Is it as simple as having a lawyer draft up the legal documentation? I have an opportunity to lend money to a friend who is trying to wrap up his first flip. The contractor is dragging his feet and there are a few additional items he would like to accomplish ahead of schedule to list the house on the market ASAP. Unfortunately,, they are outside the budget of the construction loan/mortgage that he has. I loaned cash to him a few months ago to close on this deal after some financing on his end went south last minute. He's a good friend of mine, so that was more of a handshake agreement and we didn't draft up any paperwork for the deal. Everything went smoothly and I was repaid in 3 weeks time. This time around he is looking for a much larger sum of money to finish up the renovation on this house. It was actually his suggestion to go about it more legitimately and have some kind of legal documentation and protection behind this transaction. It's a possible future business avenue we have discussed and this isn't the first lending opportunity I have come across. I'm not really sure where to begin with this type of thing. Are there any private or hard money lenders on here that could chime in on how they got their start and that could offer some valuable advice? [link] [comments] |
| Posted: 13 Oct 2020 04:24 PM PDT I'm looking for something that the tenant pays for themselves and I'll get the results. Or something along those lines that is as easy as possible for both parties. Is there a unanimous decision for best tenant screening service? [link] [comments] |
| Is an Option to Buy Land usually just a few hundred dollars? Posted: 14 Oct 2020 12:03 AM PDT If you wanted to potentially develop a 5 acre lot with multi-family property and needed a 6 month option to find out if it is feasible. How much would this generally cost if the land is 500k? Estimated Cost of legal/documents? [link] [comments] |
| Vacation property as an investment? Posted: 13 Oct 2020 02:53 PM PDT Would like to know some thoughts on owning a vacation property as an investment? Has anyone had a positive experience where the unit pays for itself taking into account property management fee and maintenance? I know vacation property allow for smaller down payment and more tax advantages, am I correct? [link] [comments] |
| How worried should I be about record high home values if the deal cash flows? Posted: 13 Oct 2020 02:35 PM PDT How much will my rental revenue be hurt by a downturn in the market? Obviously depending on the reason for the drop in home prices, people might also be losing jobs and you may have vacancies and late payments. When I'm looking at a long term buy and hold deal, if it would provide say 15% cash-on-cash return, should I be worried about buying during record high home prices? I imagine if you're working with high enough cash on cash returns and investing in a market with diverse and durable industry, things would have to get pretty bad for the rents to fall too far but I wanted some more opinions on how correlated the two are [link] [comments] |
| What to look out for in a possible investment? Posted: 13 Oct 2020 07:00 PM PDT I was given this opportunity to possibly invest as a limited partner in a portfolio of BFR townhomes in the southeast. I'm extremely green and just haven't really seen this before. I have the OM and models that show the assumptions and waterfalls, but would like to know what other things I should really be aware of besides IRR. Also, if there are ways to determine whether construction costs are reasonable, please let me know! [link] [comments] |
| Good Sources for Real Estate Terminology Posted: 13 Oct 2020 10:06 PM PDT Hello everyone! Recently I've been listening to BiggerPockets podcast and I keep hearing their guests emphasize on real estate terminology and how important it is. So this got me wondering, what are some of your favorite sources for learning and understanding real estate terminology? [link] [comments] |
| Question about "Second Home" Mortgages Posted: 13 Oct 2020 09:22 PM PDT So, I know that some people will use a "Second home" mortgage to purchase a distant home that they will use as an AIRBNB investment property. I'm aware of the rules, that you must intend to spend time in the property a certain amount of days per year. ...... My question is, can rental income from other properties be used to qualify for the "Second Home" mortgage? (E.g. if I have 3 rental properties making cash flow, is that considered when calculating my DTI when purchasing a second home.) ...... I had though I'd read somewhere (but now cannot find it), that said rental income CAN NOT be counted when applying for/using a "Second home mortgage.. which is why I ask [link] [comments] |
| Fastest way to become a class B general contractor in California? Posted: 13 Oct 2020 08:44 PM PDT What is the fastest way to become a licensed class B general contractor in California? I am a real estate investor, and I want a contractor's license so I can do new construction projects. I have a full-time day job, so I am only able to spend time weekdays after 5:00pm and on the weekends. I also have a undergraduate degree in engineering. What are my potential options? [link] [comments] |
| Pros and cons of moving into rental property and fixing up before selling Posted: 13 Oct 2020 08:16 PM PDT What are the tax implications of doing this ? It would be harder to sell with a tenant and I need somewhere to live anyway. [link] [comments] |
| Posted: 13 Oct 2020 07:36 PM PDT There are lots of other hurdles along the way, but does anyone know if a business can assume a VA loan? There's a SFH opportunity that is available to me and I've reached out to the bank servicing the loan but haven't heard back yet. Any one have any experience with this? [link] [comments] |
| CPA, attorney, mortgage broker, realtor - who did you meet first? Posted: 13 Oct 2020 03:41 PM PDT I'm planning on buying my first investment property, but am unsure where to start. I have a billion questions related to tax issues (I live in DC, so investing out of state), business structure (LLC or not), financing options, etc. I'm meeting with my Dad, who is a realtor, in about a month to go over some property options, but would like to start getting other things in order. In case this is relevant, I plan on doing a SFH buy & hold strategy, with some rehabbing possible. What was your order of operations for building out your "team"? Where did actually acquiring properties fall in that timeline? [link] [comments] |
| HELOCs for Investment Properties for SFH in GA Posted: 13 Oct 2020 05:42 PM PDT Hi All, I am an investor in the Atlanta GA area with 8 SFH properties that have some equity in them that I would want to utilize with a HELOC. My properties all have 1st mortgages but trying to find a way to get a HELOC on top of the 1st for the investment properties Ideally I would leverage my 1st and 3rd property because combined my mortgages are 70k but total value of both is 320k. Would just get the HELOC under these two. I've called a couple of banks and have gotten "No's". To save anyone else who is looking time I've listed the banks in GA who have rejected me. Does anyone have recommendations on where I could look? Could a Commercial Lender potential help me? PenFed - They do HELOC on investment but if you have 4 or more properties they will only do on Primary house Wells Fargo - Not offering HELOCs during Covid American Airlines Credit Union - Only accessible to Airline workers Peach State Federal Credit Union - Do not offer HELOC on Investment properties Georgia Own Credit Union - Do not offer HELOC on Investment properties Delta Community Credit Union - Do not offer HELOC on Investment properties [link] [comments] |
| How to find long term data on real estate values for any given zip code? Posted: 13 Oct 2020 09:49 AM PDT Redfin has a very useful feature where it tells you for any given city you search how much the value of real estate has gone up in that area over the past year (as well as other very helpful information). What's a good resource for finding similar data over a longer term like 10 years, and for any zip code? Thanks [link] [comments] |
| Anyone familiar with FNMA HomeStyle Renovation loan for refinance? Posted: 13 Oct 2020 02:25 PM PDT Central New Jersey here. I have a duplex I bought ~3 years ago with conventional FNMA 30Y. I am looking to gut renovate it and came across the HomeStyle loan option. Has anyone worked with this loan in a refinance rather than purchase, since I already owned it for 3 years? Also, what kind of rate can I expect in this type of loan for an investment property? Is it going to be ~5% like a conventional investment, or 8-10% like a HML (I guess not), or in between? Will refinance (if possible) make a difference in rate vs. purchase? Just need a rough range. Also calling the financing expert u/aardy who has helped me a couple times here already! Thanks! [link] [comments] |
| Posted: 13 Oct 2020 10:17 AM PDT Asking for a friend, who is out for vacation currently (and looking at "potential property acquisitions") questioning how much to go (a little) extra each night [link] [comments] |
| Want to refinance at these rates, can't get past DTI Posted: 13 Oct 2020 02:01 PM PDT Hey all, I own 5 SFHs and recently quit my job to finish up my PhD in the next year or so. My properties are financed at around 4-5%. I'd like to get these 2.25% rates being offered, but since quitting my job and based on how depreciation tanks my taxable income, I can't seem to qualify for a refi. I assume everyone plays the game such that depreciation/expenses makes us show minimal income, if not losses, on paper; so, how do people refi if they don't have additional W2/sched E income? Or is the answer "they don't"? [link] [comments] |
| Good resources to learn real estate investment. Posted: 13 Oct 2020 02:22 AM PDT Please suggest good content, book, videos etc. To learn real estate investment. I am looking mainly to either get into wholesale or rental properties. [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