Real Estate Investing: Anybody have any experience running a long distance Airbnb? |
- Anybody have any experience running a long distance Airbnb?
- How do I replace a property manager in the smoothest way possible?
- Best property management software for multiple tenants
- Tenant Screening and Selection
- Insurance for Discrimination Claims by tenants.
- Good or bad idea?
- How do investors get out of a deal with a refinance?
- Buying pre-foreclosure from relative
- Are there any rules/laws/time frame restrictions to renting out my recently refinanced primary residence?
- Investing guides?
- What do you use for a vehicle?
- Has anyone taken the Chandler Smith Real Estate Course?
- First time real estate investor, use the silver bullet or start simple?
- Should I buy my mom out?
- Best Solo 401(k) that allows loans and/or investments into real estate?
- Novice investor. Have $150k. Looking for some advice?
- Can you live in one unit of duplex and use a property manager for the other unit?
- Deal with the neighbour - best profit model?
- Where are the opportunities at to house hack in north jersey?
- Opinions needed on this deal with foundation issues
- How To Remotely Secure A Rental
- Lender with no seasoning requirements for Cash Out Refinance?
- Foreclosed Affordable housing unit for sale - is it possible to negotiate a purchase without the restrictions that come with it?
- Looking to rent my current house out and buy one to live in, looking for some guidance.
| Anybody have any experience running a long distance Airbnb? Posted: 08 Nov 2020 08:41 PM PST Im thinking about buying a summer home but I'll probably Airbnb it, thinking an area that's roughly 4hr flight. How feasible is this? [link] [comments] |
| How do I replace a property manager in the smoothest way possible? Posted: 08 Nov 2020 09:10 AM PST The current property manager is terrible at getting quotes for repair (they claim they are out of options after getting a couple of additional estimates that are near the cost of their initial estimate), sometimes costing 2X the typical cost, until I step in and I message a few highly rated yelp contractors with a better price. I'm tired of doing the work on their behalf, but there's 1 more repair left so I'd like to replace them once that is done. Could you advise what to do next? The property management agreement doesn't have details on what to do to initiate a cancellation? Can I keep the current tenants (I do like them and don't want to scare them with the change in management)? Should I expect any retaliation? If so, how can I protect myself from it? Thank you. The home is 3hrs round trip from me, so I'd like to keep a property manager for the property. And the home is in the san francisco bay area in case anyone has any experience in the local area to share. [link] [comments] |
| Best property management software for multiple tenants Posted: 08 Nov 2020 11:03 PM PST Multiple tenants in a single unit, what's the best software to use? Also, would you go with a single lease for everybody or individual leases with the rent divided evenly? [link] [comments] |
| Tenant Screening and Selection Posted: 08 Nov 2020 06:22 PM PST I have a duplex that is about to be available to rent and I obviously want to get quality tenants. I wanted to ask about (1) screening tools and (2) any other advice on what to look for, consider, how to not screw this up, etc.. This Covid situation has me concerned as I live in a very pro tenant city. Also this is my first post here so thank you in advance. [link] [comments] |
| Insurance for Discrimination Claims by tenants. Posted: 08 Nov 2020 04:46 PM PST The standard landlord policy does not cover discrimination claims brought by client. Even if you comply with all rules, there's always the risk of someone filing a meritless claim. Anyone have insights or thoughts on purchasing tenant discrimination insurance? Can anyone recommend a broker or company? Thanks. [link] [comments] |
| Posted: 08 Nov 2020 09:44 PM PST My real estate agent is also a property manager. He does investing himself so he's almost like a mentor to me. Is this a bad idea to use him as my property manager too for my first purchase? It seems like he would help me tremendously in buying something that would rent out well since he would be managing it. Anyone have success doing this? [link] [comments] |
| How do investors get out of a deal with a refinance? Posted: 08 Nov 2020 08:52 PM PST If there is a 10 year hold period for a commercial real estate property, and investors have an option to get out at 10 years when there is a refinance.. how does this generally work? Do they get less money if its a refinance versus if they hold until the asset it sold? [link] [comments] |
| Buying pre-foreclosure from relative Posted: 09 Nov 2020 12:09 AM PST I live in CA. Property is in AZ. I just purchased my first home (primary residence in CA) last year. I had a very tight DTI, but have roommates with rental income of $2000. Planning to purchase an investment property in 1-2 years, after I have 2 years of rental income from roommates. I won't have a large down payment, so it's more likely that I will purchase as a "vacation" home in another state - ie, just using my income to qualify, then rent it out. Browsing listings in my mother's small, rural hometown, I discover my grandmother's house is in pre-foreclosure. She died 20 years ago and left it to my aunt, fully paid off. Aunt is terrible with money, took out $85k 12 yrs ago, and auction was set for early March, but looks like it hasn't happened due to Covid. It should appraise for approximately $200k. I estimate aunt owes $70k or less. I'm considering offering aunt $100k for it. I'm guessing she's not even looking for a buyer and just plans to let it foreclose. I think I could qualify for $100k with a 10% down payment, but no more. What is the likelihood of this working? I'll check with my CA lender tomorrow and see if they'd be interested / I'd qualify. But will the foreclosing bank accept this offer? It's a small town and not a very good property, not sure what they'd get for it. What should I know / watch out for? EDIT: Aunt lives in CA. She may or may not have a tenant in the property. [link] [comments] |
| Posted: 08 Nov 2020 01:13 PM PST I'm in the process of wrapping up a refinance of my homestead property (the property I currently reside) and then will be looking for a second home to move into with the intention of renting out my first home. Are there any rules/laws/time frames that prohibit me from refinancing my current home and within 3-6 months moving into a new home? Thanks for all the help! [link] [comments] |
| Posted: 08 Nov 2020 09:07 PM PST I'm in the SF Bay Area and I'm looking to start converting my equity grants into RE investments (so, ~$130k/yr after taxes). I have a local investment property already, but I'd prefer not to keep saving up for $900k properties. It seems like I should look around the country for opportunities. Things I'm trying to figure out:
[link] [comments] |
| What do you use for a vehicle? Posted: 08 Nov 2020 10:18 AM PST Those of you that do your own repairs/ maintenance, what do you have for a vehicle for tools/materials/etc? [link] [comments] |
| Has anyone taken the Chandler Smith Real Estate Course? Posted: 08 Nov 2020 07:55 PM PST Basically just the title. Wondering if it would ever be worth the $100 or so dollars. I know many people here feel everything we need is already available(which it is), but I am just interested if anyone has actually done the course or something similar? [link] [comments] |
| First time real estate investor, use the silver bullet or start simple? Posted: 08 Nov 2020 03:53 PM PST I've heard of a "silver bullet" of using your first time home buyer incentives to buy a fourplex or some kind of multiplex to live in it while renting to others Or should I focus to start with something simpler EDIT: corrected typos [link] [comments] |
| Posted: 08 Nov 2020 11:52 AM PST My Parents split with a house worth approximately 600k. There's a 200k mortgage left. My mom wants $150kish to buy out her half of the house. Me and my father currently live in the house. He has enough for the rest of the 10 year mortgage + bills. Would it be financially wise to buy out my mom in this situation? Currently Zillow estimates 5% appreciation of the house in the current neighborhood/city it's in. I would own half the house for roughly 150-180kish and my dad would continue to pay off all the bills/mortgages. I assume he would leave me the entire house in his will. I'm in a strut and would love some help. I am liquid enough to pay her off btw but would be most of my savings. I'm young 20s so I'm not sure if that makes a difference or not in this situation. [link] [comments] |
| Best Solo 401(k) that allows loans and/or investments into real estate? Posted: 08 Nov 2020 07:07 AM PST Can someone here recommend a legit Solo 401(k) provider that allows loans as well as investments in real estate? [link] [comments] |
| Novice investor. Have $150k. Looking for some advice? Posted: 08 Nov 2020 06:59 PM PST I been fortunate enough to stash some investing money over the years, 150k. I've always had it in my head to go for an opportunity in real estate. The problem is that I don't know which direction to go... [link] [comments] |
| Can you live in one unit of duplex and use a property manager for the other unit? Posted: 08 Nov 2020 06:23 AM PST I'm wanting to get into real estate and don't know if it's smarter to go down the single family home route and just rent them as I can afford them or buy a multi unit building and rent the other units. I'm not really the networking and interviewing tenants type so I'd prefer to keep a hands off approach as much as I can so do property managers take in properties by the unit or the entire property? [link] [comments] |
| Deal with the neighbour - best profit model? Posted: 08 Nov 2020 03:07 PM PST My neighbour is selling a property for 1MM. I offered to build a multi-unit complex without going through the sale and once built we can both profit. If the construction cost is 500k and I will be the one covering the costs and running the project, what is an appropriate profit share model here? [link] [comments] |
| Where are the opportunities at to house hack in north jersey? Posted: 08 Nov 2020 10:50 AM PST Hey, From paterson and looking for a foreclosure or a 2 to 3 property in Clifton area, or somewhere safe. Are there still any deals to be made or is everything off market and bidding wars? Anyone experience can advise please [link] [comments] |
| Opinions needed on this deal with foundation issues Posted: 08 Nov 2020 06:08 PM PST Asking for opinions as I'm a new investor and have only a couple of deals under my belt, looking to buy and hold. Property is a 2bed/2bath with foundation issue (needs R&R) quoted at $60k - 4ft extension was built into the master bedroom many years ago and does not have a foundation (only blocks). No overt signs of bad foundation (drywall cracks, doors plumb, windows open fine) but due to settling the floor has a variance of 1-3" over the span of 10 ft. Additional permitted 1/1 unit which was built ~10 years ago and is in decent shape. Also has a decently well constructed studio in back of garage which is not permitted, may be able to get approval as ADU but not going to include in my calculations. $445k purchase price Repairs (mostly cosmetic/some termite damage/appliances) - $20k ARV - $530,000 Rent - $1500 (1/1), 2/2 ($2000), total monthly rent $3500 + studio AirBNB if I can swing the permitting piece. Will plan to self-manage. PITI - $2400 + 10% maintenance/vacancy/misc = $2700/month in expenses. The deal obviously will cashflow and this is in a very hot market in CA, where cashflow generally doesn't happen easily. I don't have the capital on hand to fix the foundation issue right now (could stretch it if I deplete emergency funds but not willing to). My plan is to purchase and do the cosmetic renovations, ensure the unit is structurally sound, fix the foundation in 3-5 years and re-do the drywall/paint etc at that point. It has been structurally sound for at least 10 years since the addition was built, foundation company even mentioned in passing it'll probably be fine structurally for 10 years if I don't mind the sloping floor slowly worsening, but no guarantees on timeline. TL;DR Bad foundation, good deal if I'm willing to deal with the foundation. Is this a terrible idea? Has anyone had prior experience with foundation issues? On paper it works out but I'm hesitant due to the scope of the issue and would love to hear what your thoughts are! [link] [comments] |
| How To Remotely Secure A Rental Posted: 08 Nov 2020 05:07 PM PST Closing on a duplex tomorrow and I know it has some busted windows. I won't be able to visit the property for another month. Do any investors here have any suggestions on how I can secure my property from afar? [link] [comments] |
| Lender with no seasoning requirements for Cash Out Refinance? Posted: 08 Nov 2020 07:02 AM PST Exactly as the title says, I'm looking for a lender that can do a cash out refinance on an investment property with no 6 month seasoning requirement. I've used some of the reputable hard money lenders like Lima One, RCN Capital and Visio Lending before and can remember them not having this requirement. But from recent contact with them I'm being told they now require a 6 month seasoning period. Anybody have any leads for similar lenders like them with no seasoning period? [link] [comments] |
| Posted: 08 Nov 2020 12:47 PM PST As the title states, I have come across a foreclosed property that is listed as an affordable housing unit by the state. Wondering if anyone here knows either through first or second hand experience if it's possible to buy it in a manner in which i won't have the typical restrictions applied, such as not being allowed to sublet or sell at my own price down the road, just seems counter intuitive if anyone else were to purchase it with a mortgage that even after paying off the loan and owning the property free & clear they'd still have those restrictions on the property by the state 🤔 [link] [comments] |
| Looking to rent my current house out and buy one to live in, looking for some guidance. Posted: 08 Nov 2020 11:44 AM PST As the title mentioned I'm interested in renting out my current house and pulling out the equity to buy another home to move into. I would rent the house to my brother (if that matters) so I would be able to get someone in right away. I owe about $270K on the current house and it should appraise for around $350K. I'll need a little bit for some repairs at the current house and would use the rest for a down payment. I have access to a realtor that would charge me the lowest % applicable (family member) My credit is good 700+ my DTI is a little high though. I'm just looking for some general guidance on how to get this started and if it's even feasible. I really want to keep the property, the value is too good to just let it go and in this area rentals fly off the shelf and the area continues to grow. It's in a good location about 20 miles south of DC. I'm also considering this as a stepping stone to real estate investing. Thanks for your time. [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