Real Estate Investing: Big Book List |
- Big Book List
- Best website to pull property data?
- Housing apps showing houses under contract
- Closing on my first rental property, have a tenant lied up but they're skeptical of new ownership
- Just went under contract with a vacation rental, need to furnish, won't get revenue until 2021, tax advice?
- Is condo still good investment in downtown Philadelphia?
- How is your rental market behaving? Please vote and tell where your market is and discuss.
- Modeling tax strategies
- 1st time investor: 20k in savings, 50k house in an okay neighborhood
- Trying to figure out the truth about flipping houses
- Buy a house in cash or take a mortgage and invest? Please advice.
- Quick question. Been wanting to get into real estate for a while now. Have 100k cash. Can I get a loan without a actual job? Any tips? Work under the table with construction. No proof of income. Wanting to get a duplex or rental properties.
- Rental home too expensive to purchase?
- Question on how to structure partial ownership
- What are the tax implications of house hacking?
- Apartment building financing
- Are deposits refundable?
- Problems with General Contractor
- 80% LTV with high deposit or 90% LTV at a higher rate? [Italy]
- Buyers offer expires same day?
- Asset Verification
- Any reason I shouldn't buy 2 houses a year for the next 10 years?
- What kind of loans will allow rents to be used to qualify?
- Looking for a vacation/investment home in New Hampshire. Anyone have a home that they rent out in the White Mountains area and able to give any advice?
| Posted: 02 Nov 2020 08:09 AM PST Hi guys, I made a book list! I lurked in this subreddit for a little while, but only just made an account a little over a week ago, and I've been trying to soak up as much information as I can from you guys as well as all of the resources you recommend. Even just a few weeks trying to read as many posts and comments as possible has answered so many questions, plenty of which I never even knew I needed to ask. But just in that short period of time, I have seen a recurring trend that every few days there will be a post where somebody asks about the best books to read. I thought about asking that myself when I first started reading through the subreddit because it didn't occur to me to actually SEARCH the subreddit until very recently. So I started searching and found a few good recommendations. Then I decided to just spent a few minutes pulling data from the Reddit API (my W2 job is computer nerd) to find even more recommendations, and now I feel like I have a pretty solid list that I would love to share with you! Hopefully this is a helpful list and finds its way into the hands of real estate investing newcomers like myself! Disclaimer: I haven't read all of these. They were pulled from comments in this subreddit as recommendations, so I believe they are at least worth looking into. It is sorted by alphabet, not by popularity. Also, it is certainly NOT an exhaustive list. During this write-up, I found another very useful link that analyzed the BiggerPockets podcast's book recommendations, this analysis with recommendations is linked at the bottom. The List: 2 Years to a Million in Real Estate by Matthew Martinez ISBN: 9780071471879 7 Secrets to Successful Apartment Leasing: Find Quality Renters, Fill Vacancies, and Maximize Your Rental Income by Eric Crumley ISBN: 9780071462587 The 9 Month Investment: A Passive Investor's Guide to Achieving 10 Years Worth of Wealth Accumulation in Only 9 Months by Darin Garman ISBN: 9780982379363 The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroy ISBN: 9781619697232 Am I Being Too Subtle? Straight Talk From a Business Rebel by Sam Zell ISBN: 9780698408883 The Book on Estimating Rehab Costs: The Investor's Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much it All Costs by Brandon Turner ISBN: 9781947200128 The Book on Investing in Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money by Brandon Turner ISBN: 9781947200975 The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits by Brandon Turner ISBN: 9780990711728 The Book on Negotiating Real Estate: Expert Strategies for Getting the Best Deals When Buying & Selling Investment Property by J. Scott ISBN: 9781947200067 Burn Zones: Playing Life's Bad Hands by Jorge P. Newberry ISBN: 9781662269288 The Buy and Hold Real Estate Strategy: How to Secure Profits in Any Real Estate Market by Michael T. Schumacher ISBN: 9780471009627 Buy It, Rent It, Profit! Make Money as a Landlord in ANY Real Estate Market by Bryan M. Chavis ISBN: 9781515913580 Buy Right, Sell High by Robert Irwin ISBN: 9780585181707 Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Renal Property Investment Strategy Made Simple by David Greene ISBN: 9781947200081 Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael Reinhard ISBN: 9780814415078 Commercial Real Estate Investing: A Creative Guide to Successfully Making Money by Dolf de Roos ISBN: 9780470227381 The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges ISBN: 9780470323915 Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big by Brian H. Murray ISBN: 9780998381602 The Definitive Guide to Apartment Marketing: How to Generate More Leads, Close More Leases & Improve Resident Experience by Josh Grillo ISBN: 9781537268484 How I Turned $1,000 Into Five Million In Real Estate in My Spare Time by William Nickerson ISBN: 9781607966746 How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started by Brandon Turner ISBN: 9780997584707 Investing in Apartment Buildings: Create a Reliable Stream of Income and Build Long-Term Wealth by Matthew Martinez ISBN: 9780071498869 Investing in Real Estate by Gary Eldred ISBN: 9781118172971 It's a Whole New Business! The How-to Book of Syndicated Investment Real Estate by Gene Trowbridge ISBN: 9781511928809 Landlording on Autopilot: A Simple, No-Brainer System for Higher Profits and Fewer Headaches by Mike Butler ISBN: 9780471789789 Long-Distance Real Estate Investing: How to Buy, Rehab, and Mange Out-of-State Rental Properties by David Greene ISBN: 9780997584752 A Million Bucks by 30: How to Overcome a Crap Job, Stingy Parents, and a Useless Degree to Become a Millionaire Before (or After) Turning Thirty by Alan Corey ISBN: 9780345499721 The Millionaire Real Estate Investor by Gary Keller ISBN: 9780071446372 Multi-Family Millions: How Anyone Can Reposition Apartment for Big Profits by David Lindahl ISBN: 9780470267608 Never Split the Difference: Negotiating as if Your Life Depended on it by Chriss Voss ISBN: 9781504735049 Raising Private Capital: Build Your Real Estate Empire Using Other People's Money by Matt Faircloth ISBN: 9781947200982 Real Estate Finance & Investments by William Brueggeman ISBN: 9780071238212 Real Estate: Analysis and Strategy by Gary Eldred ISBN: 9780060418939 Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! by Robert Kiyosaki ISBN: 9781469202167 The Richest Man in Babylon by George S. Clason ISBN: 9780451205360 Set for Life: Dominate Life, Money and the American Dream by Scott Trench ISBN: 9780997584714 Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes by Tom Wheelwright ISBN: 9781549181276 Trump University Commercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David Lindahl ISBN: 9780470409862 The Wall Street Journal - Complete Real-Estate Investing Guidebook by David Crook ISBN: 9780307345622 What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli ISBN: 9780071422574 Like I mentioned before, this isn't an exhaustive list, just what I have seen/scraped from a few hours tinkering around in this subreddit searching for books. While I was searching and writing this up, I also found another useful book list that analyzed the BiggerPockets podcast's recommendations. This can be found here: http://garifunainstitute.com/math/bpbooks.php I hope this at least helps a few people out! [link] [comments] |
| Best website to pull property data? Posted: 02 Nov 2020 09:16 PM PST Looking to pull a list to start generating some off market leads but was curious which one I should use: Listsource Natimark Propstream etc. What have you have success with? [link] [comments] |
| Housing apps showing houses under contract Posted: 02 Nov 2020 07:43 PM PST This is just a general question: Why do apps like Zillow.com and Realtor.com show houses as for sale, when they are actually under contract? The market is crazy in my city right now, but this still seems weird to me. Many houses are listed as available when they have been contracted for days or weeks. Shouldn't the sellers or listing agents be changing that status to "pending" or "sale for contract"? I'll send houses listed as available on these apps to my realtor and she'll inform me that "oh, they've been under contract for a week now" Any insight to this would be helpful! Is there some site or database I can check with, or is this something only realtors have access to? Also, is this just a result of a fast moving market? [link] [comments] |
| Closing on my first rental property, have a tenant lied up but they're skeptical of new ownership Posted: 02 Nov 2020 08:07 PM PST Closing on my first rental around Thanksgiving and have been marketing the unit during the time being. Have an applicant I would like to proceed with but when I contacted them they mentioned the home is up for sale and now they seem skeptical. Which I see why they are hesitate as it is pending on the MLS, but what concerns are there? Should I just tell them the unit is under contract and will be ready by move in date? I feel like its a pretty standard question, but I'm just stressing over the whole situation. Edit: Idk why it's coming across as I am trying to scam and lie to my tenant. The purchase process is complete and were simply waiting final credit ratings. My deposit/appraisal/etc is all complete and signed off. I simply asked my soon-to-be tenant if they would like to receive the paperwork and look to place a deposit as the unit is in high demand - which it is. I just don't want to bother other tenants with applications and get their hopes up if the unit is rented. I'm doing the best I can to have no vacancy and there's literally no other way to do it being closing and move in date is less than a week. [link] [comments] |
| Posted: 02 Nov 2020 06:01 PM PST I'm working on the purchase of a vacation rental that I'll use as an Air BnB type short-term rental, and occasionally for my family. It needs to be fully furnished. If it goes through, I'll close in early December and spend at least a few weeks getting it ready to rent. So I'll likely have a lot of expenses in 2020, but won't receive revenue until 2021. How is this going to impact my taxes, for both 2020 and 2021? Any good resources for evaluating strategies for reporting expenses and income (other than talking to my accountant, which I'll do, but I want to be informed first)? Is this timing not ideal? Would it make more sense to wait and push furnishing purchases into 2021? [link] [comments] |
| Is condo still good investment in downtown Philadelphia? Posted: 02 Nov 2020 09:15 PM PST Hi everyone, Hopefully, to become first-time homeowner, need some advice & questions if buying condo in the downtown area in Philadelphia still a good investment? At this point, I'm still looking but financing won't be an issue as I'm expecting to pay all cash. My search criteria is 2B2B, built within 1 yr, and in "nice" neighborhood of downtown Philly, and price range sub $500k. From my limited research, these areas in Philly are Old City, Rittenhouse, Society Hill, etc; and I believe there are a lot of listing within that range. Also, I already have tenants line-up for the next 12 months if I make the purchase. My question mostly surrounds if investing in condo in the downtown of big city still a good idea:
Hopefully, I can learn from your experiences in condo investing in downtown area of big city in the East Coast! [link] [comments] |
| How is your rental market behaving? Please vote and tell where your market is and discuss. Posted: 02 Nov 2020 08:30 PM PST Ever since the shutdown happened, the rental market for me has been hotter than hot. I can't keep up. I'm getting inquiries for vacant properties that I haven't even listed yet. For example, a tenant just finished moving out yesterday. Today, I got a call from someone. He has the cash readily available for security deposit and first month's rent. He also has a job with a company he's been with for 10+ years. He found out about the vacancy from his friend who is my tenant living next door to that place. My plan has been to give it a fresh coat of paint, little touchups here and there, and then list it. But now it looks like I can fill it in a couple weeks. I'm in Indy market, by the way. Just curious how your market is in this time of uncertainty? [link] [comments] |
| Posted: 02 Nov 2020 03:42 PM PST I have come across various strategies for managing personal wealth and real estate investments but have not seen much in regard to tools that can help you simulate those strategies. I have used https://financial-calculators.com/rental-income-calculator for getting a sense of real estate ROI. What other web tools/apps you use for defining your real estate investment and tax strategy? [link] [comments] |
| 1st time investor: 20k in savings, 50k house in an okay neighborhood Posted: 02 Nov 2020 12:13 PM PST For some back ground: I'm a 25 y/o F, bartender living in a historical city in the south. I currently live in a home with a boyfriend who's name is the only one on the mortgage, so on paper, I'm a first time home owner to any lenders (I know it's different when it comes to renting, though) The home I'm interested in is 50k, 2 bed/2 bath @ 1,536 sq ft, 0.29 acres in an okay neighborhood. Around the property, there's not really anything to do, very few attractions. But people still live and rent here frequently due to the government jobs most people have here/brings them here in the first place. From the looks of the house, it just needs a fresh coat of paint on the outside, the inside looks very well maintained and has few updates. It was built in 1920 and has consistently sold for 50k for the past 8 years. I've always wanted to jump on real estate and I'm feeling like this could be my chance? What are your thoughts? [link] [comments] |
| Trying to figure out the truth about flipping houses Posted: 02 Nov 2020 09:17 AM PST Hello everyone! I hope all you guys are safe; I wanted to prepare myself for 2021, and I start reading about flipping houses and houses hacking, and my first thought was to go to YouTube and try to find some information (I'm from new jersey). I found this video. https://www.youtube.com/watch?v=PbRDwqoTI64 But he's not showing the after, I mean after they fix the house;
I would love to hear your opinions about the video or this topic or some content creators from new jersey that make this type of deals. [link] [comments] |
| Buy a house in cash or take a mortgage and invest? Please advice. Posted: 02 Nov 2020 06:22 AM PST Hi, I would like some investment advice. We are a family of 4 with 2 small children and recently moved to the suburbs of NYC after selling our apartment in Brooklyn. Due to the pandemic, we didn't have time to buy a house so we ended up moving to the town that we liked and renting a condo for one year. We want to buy a house in our current town before the lease ends and the price range of the house that we are thinking to buy is around 600k. If we spend all the money we received from the sale of our previous property we can possibly buy it in cash. But we are thinking of a way to take advantage of the cash we have to create passive income. One option that we thought of was to buy a house of 600k but get the mortgage for 200k, then invest 200k in other properties such as 1BR and rent it. Does this sound realistic or naive? I have been listening to various podcasts such as Big Pockets to get a sense of property investment but I feel like that maybe I should just focus on buying a house that we live in. At this point, we are lucky enough to have our jobs, but as many of as are, we are worried about the economical situation in near future due to the pandemic. Any advice or suggestion I would really appreciate it. Thanks a bunch in advance! [link] [comments] |
| Posted: 02 Nov 2020 05:11 PM PST |
| Rental home too expensive to purchase? Posted: 02 Nov 2020 04:42 PM PST We are looking into purchasing our first vacation/rental home. It will be used primarily as a rental property but is in a vacation area, so we will get to use it when it's not rented. The properties in the area we're looking to purchase are increasing in purchase price (up 50k in the last four years). The comps are showing that recent listings are fair market value. I'm wondering if there is a ceiling for properties; as in, will we purchase in a year and then prices for the surrounding properties drop significantly? They've only risen for the past 8 years that we've seen and we're hoping to purchase within the next year. I'd hate to buy "at the top" but also hate to hold off on purchasing and purchase prices keep rising. [link] [comments] |
| Question on how to structure partial ownership Posted: 02 Nov 2020 04:03 PM PST I bought into half of my parents home which is in a tourist town. We use it to get away from the city and it helps my parents out who wouldn't be able to afford it on their own. Any suggestions on best way to protect our interest, such as putting the property in a trust or just adding ourselves to the deed? We are worried if they pass away suddenly don't want it have to battle with my siblings, even though I am the one putting equity in now I want to make sure legally there isn't anything they could do if they wanted to be greedy, which I don't think they would but who knows. Thanks [link] [comments] |
| What are the tax implications of house hacking? Posted: 02 Nov 2020 10:53 AM PST I recently started house hacking and would appreciate if anyone could share the tax implications of doing such. Let's say I'm single, lived in the unit for 5 years, and house hacked 40% of the unit since the beginning. From my understanding, Tax: Treat 40% as a rental property (schedule E) on your taxes and 60% as primary residence (schedule A). Exclusion: But by doing this, you pro-rate the 250k/500k exclusion for primary residence (E.g., Using the example above, I'd qualify for 250k*60% for the tax exclusion upon sale) Please let me know if I'm misunderstanding or missing any important tax implications of house hacking. Thanks so much! [link] [comments] |
| Posted: 02 Nov 2020 02:07 PM PST I found a 7 unit apartment building for 200k. Seller says it grosses $4800/month. I could afford 20% down but it would be basically all my cash. My credit score is around 720 and I make about 40k at my full time job and I gross about 12k from 2 single family homes that I own. Do you think that I could get approved for a loan on this apartment building and does it sound like a worthwhile investment? [link] [comments] |
| Posted: 02 Nov 2020 12:57 PM PST So this asshole has this one condo that is literally falling apart and would cost us at least 10-15k to fix up after the inspection and he gives us 1k off. Now we just found out that the roof needs repairs and would cost another 6k because he decided to disclose information from us. My question is are deposits refundable if we don't follow through with the deal. Are they legally required to give it back? Funny how it wouldn't sell for 6months so he decided to list the place for rent when it's not even close to habitable [link] [comments] |
| Problems with General Contractor Posted: 02 Nov 2020 06:17 AM PST I hired a General Contractor in July to remodel a kitchen and 2 bathrooms. Nice enough of a guy but it took forever to get through most of the work. He has 1-2 days of work left but as hard as I try I can't get him over to finish since he has bigger projects, etc... He hasn't been here in about 45 days despite my best efforts. As of today I have most of the materials (paint, tiles, etc...) in my apartment and owe him $3,000 upon completion of the work, but I'm debating if I should hire someone else to finish the job at this point? I think the guy will get pissed if I decide to fire him and forego paying him the $3k, but 2 bathrooms and a kitchen doesn't take 5 months to complete? Any advice helpful [link] [comments] |
| 80% LTV with high deposit or 90% LTV at a higher rate? [Italy] Posted: 02 Nov 2020 12:08 PM PST |
| Buyers offer expires same day? Posted: 02 Nov 2020 12:00 PM PST I'm selling a house that I bought to flip. I've sold houses a few times but I've never had one quite like this. An offer came in shortly after a first showing and it's really not a good offer. Ordinarily I would counter offer with some thing I do consider acceptable but I'm really turned off by the idea that the buyer put an expiration on their offer that gives me about half a day to accept. That more than any other term they are asking for is making me question how serious the buyer is about seeing this all the way through to completion. I'm just imagining the deal falling apart based on the results of the home inspection. Makes me wonder if I should just outright reject the offer. Has anyone run into this before? Is this a common tactic or am I just overreacting? [link] [comments] |
| Posted: 02 Nov 2020 07:55 AM PST Hello all, I am looking into purchasing a duplex as my first property and house hack. Numbers are good, cash flows from the start, 6% cap while occupying, 9% after I rent out the whole property. Anyway, I have a question regarding down payment/asset verification. Let's say for example the down payment, fees, closing costs all together were 10k. How much of a cushion are lenders looking for besides the above 10k? If I have solid income, are they only verifying i have the required amount available for down payment and closing, or do they want to see additional money after that is paid? I have a very low dti and liabilities, and income fully supports the payment. I am just unsure if they require X amount of funds available after costs. [link] [comments] |
| Any reason I shouldn't buy 2 houses a year for the next 10 years? Posted: 02 Nov 2020 04:28 AM PST It seems simplistic but please help me see the reasons not to do this. I have 1 investment property netting me between 4k and 7k a year. (Coronavirus has temporarily lowered the rent). My partner and I are comfortably saving 80k a year. We could buy 2 houses a year putting down 5% deposit would cost 15-20k per house. So lets say we spend 40k a year on new houses. Each house nets us 5k a year. In 10 years time we would own 21 houses with a rental income over 100k. Not to mention the likely capital growth. Whats wrong with this thought process and what am I missing? [link] [comments] |
| What kind of loans will allow rents to be used to qualify? Posted: 02 Nov 2020 06:11 AM PST Does anyone know what types of loans lenders will typically allow rents to qualify for? Does anyone know how the property income and expenses count towards the debt to income ratio when qualifying for these loans? [link] [comments] |
| Posted: 02 Nov 2020 09:49 AM PST I'm looking for a place within 30 minutes of either Bretton Woods/Cannon or the North Conway area. Anyone have a home in that general area that can give an idea of typical annual cost of ownership along with the Airbnb/STR revenue? [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