Real Estate Investing: Employers looking for wage slaves |
- Employers looking for wage slaves
- How does this group feel about REITs?
- Full time real estate investors, what's your annual ROI? (total)
- Investing Noob Here - Confused why I cant find any cashflow neutral rentals
- Living in LA looking for cash flow, should I go high or low?
- Anyone have experience with buying properties with investment partners
- Rich Dad Poor Dad book, your thoughts ?
- Frontrunning Realtors
- Buying a rental property abroad
- Rental Market in Los Angeles
- Land to Build Multi-family
- How to look into acquiring vacant land that's "government land" on assessor website?
- Is new construction a good investment?
- Rent increase for Section 8 tenants?
- Do these windows need to be installed a certain way? Lays flush inside and outside (3.5in thick) Not sure if i should put sheetrock around and caulk, then put on trim or what, lol Anyone have any videos or advice on how to make this look nice?
- Fill in ground pool or repair it?
- My PM was bought out by a larger company and the new PM's lease has my name all over it. That's not normal, right?
- Notes from Novogradac's 11/19 Webinar?
- How should I strategically plan the replacement of capital items on a house?
- How can I kindly tell my friend I don't want his girlfriend to move into our house we purchase for an investment?
- Realtors pay bill... but require hold harmless for total sale
- Starting out as a minor
- AirBnB Owner/Operators - How Are You Approaching Financing?
| Employers looking for wage slaves Posted: 20 Nov 2020 06:02 PM PST I work as a banker and today during my annual performance evaluation my supervisor asked me what my long term plan was and if I planned to stay in banking or if I was going to switch to working my rentals full time in the future. I feel like employers see real estate investing as a risk to losing employees because it leaves our options open. It seems like most employers want employees who are desperate for a pay check and not financially independent. End of rant [link] [comments] |
| How does this group feel about REITs? Posted: 20 Nov 2020 03:44 PM PST I'm a long-term holder of property (singular) but still have to work part-time. This year I've decided to read read read all about multi-families instead of single homes. I told a few friends about it and one guy brought up REITs. I looked into it and it seems REITs are just investing in these people who would do the job I'd be doing instead. I don't know much about them but figured I'd start a chat about them and see where it leads. EDIT: Thanks for the candid responses. If I do go that route/add to my portfolio, I'll definitely be thinking about the cons. [link] [comments] |
| Full time real estate investors, what's your annual ROI? (total) Posted: 20 Nov 2020 03:01 AM PST
I ask because nobody really shares this number on the internet. At least in my experience [link] [comments] |
| Investing Noob Here - Confused why I cant find any cashflow neutral rentals Posted: 20 Nov 2020 10:53 PM PST Hey Guys, I have been researching single family investment properties for about three months now . I have been looking at several markets across the US and I can not find any properties that would generate either neutral or positive cash flow with a 20% down payment on a 30 year fixed. Is this normal or am I just not looking in the right places? Why is rent so low compared to housing costs which are skyrocketing? I know the market is going nuts right now but that can't explain this all, can it? When running the numbers I cant even get close to having neutral cash flow even with 20% down. Really confused how this is supposed to work. [link] [comments] |
| Living in LA looking for cash flow, should I go high or low? Posted: 21 Nov 2020 01:10 AM PST So my aim is cash flow with a 3-4 plex property. Currently I can put about 300k down, should I look for lower priced property with lower mortgage premiums for easier cash flow(around 700-900k) or should I target higher price ranges for more rent potentials? Also what areas would people recommend? How much more south I should look in south LA without it being too risky? How's Mid city/Jefferson? [link] [comments] |
| Anyone have experience with buying properties with investment partners Posted: 20 Nov 2020 08:00 AM PST Long story short, me and a friend of mine are really interested in real estate and want to buy a rental with our pooled money. We both have been reading a lot of books on buying rentals and building a solid knowledge base before we do anything (he even got his real estate license). One thing I haven't found much info on is pooling money for properties (not for buying outright, but for the down payment). We don't make tons of money and we could save up separately for down payments for rentals of our own but it would take a year or so. So our idea is we pool our money for a down payment and take out a loan for a duplex or triplex. It would be a clean 50/50 split for everything capex, cash flow, pm, etc. We're both newbies and have only bought our own personal homes and are fully aware mistakes will be made but we feel like we could get more bang for our buck and accomplish our goals faster by pooling money for a property or two. Thoughts? EDIT: As some have pointed out. This would not be a handshake deal. We would get everything in writing and discuss exit strategies and workloads (though I think we would just get a PM) [link] [comments] |
| Rich Dad Poor Dad book, your thoughts ? Posted: 20 Nov 2020 05:17 AM PST Hello, I'm in my early 20s and decided to dive into financial planning and learn about investing. I've read a book that I had sitting on my desk for a long time, "Rich Dad, Poor Dad" by Robert Kiyosaki. I enjoyed the read because it gave another perspective of making money, didn't get to technical and was filled with little experiences that made the whole thing pretty easy to read. That said, it was my first book on the topic of investing (in particular) and financial planning (in general). Since I'm inexperienced, I would like to know what you thought of the lessons and points of the book. I could criticize some imperative aspects, but overall it's difficult for me to discriminate, since I have little to no reference to compare and no experience. Thank you ! [link] [comments] |
| Posted: 20 Nov 2020 08:39 PM PST Frontrunning in finance is when an investment manager places an order for themselves after their client tells them about their intentions. Does this happen in real estate? I've been looking at some nice seemingly undervalued houses and my real estate agent keeps telling me that 1) it's tenanted and the tenants are bad or 2) it's already been sold even though the listing says it's still for sale. Is frontrunning a thing in this industry? How would you even find out if this is what was happening? [link] [comments] |
| Buying a rental property abroad Posted: 20 Nov 2020 07:20 PM PST Can an American buy a rental property in say Japan? If yes then can they also go through a Japanese bank for financing? How would they check creditworthiness? Thanks. [link] [comments] |
| Posted: 20 Nov 2020 06:26 PM PST Long story short, we are in escrow with a SFH with an ADU and jadu (non permitted). We plan to live in the main house and rent the ADUs out. They are both over 700 sq ft 1b1b with its own outdoor space. Laundry is shared. (We might add laundry to both units if it helps with rental). Place is in B or C area in the valley. There was a bidding war so we had to offer over 100k to beat other offers. I heard rents in the city center are going down, but some of my friends are able to rent their units out after a few months of vacancy. Our property manager for a 4b 2.5b place says SF valley is still doing really well. Most of the units got rented in 7 to 10 days. Just wondering how everyone's experiences are and what you think the LA rental market would be in the next few years. We also heard a lot of people leaving LA and CA, but figured hearing from actual investors and landlords will be more accurate. Thank you very much. Edit: adding some money figures. Mortgage + Taxes + Insurance = $3750 JADU rent - property management fee = $1550 ADU rent - property management fee = $1350 We pay $850. We feel like this is so much cheaper than renting in LA (anywhere). And the expense will be similar to own a SFH like we did before. Main house is 2b2b with a bonus room and a big private yard. [link] [comments] |
| Posted: 20 Nov 2020 10:34 AM PST I am seeking to build a MFH on this land, I have made an offer. The land is not perfectly flat and has a giant slope on one side, its almost like a hill. Also, it has no entrance street except an Easement. What due-diligence should I be doing to make sure I can actually build on this land? I called a construction company and they said I should spend $2500-5000 to have an architect and presenting the plans to the the city. He then suggested I get soil-boring etc prior to close when I pushed for it. This is my first construction project, it will be small multi-family home (12 units) but I want to make sure I have all my things in line before I close on the land. Any guidance or feedback on this will be greatly appreciated. Thank you [link] [comments] |
| How to look into acquiring vacant land that's "government land" on assessor website? Posted: 20 Nov 2020 05:12 PM PST The land's out in the sticks in the San Bernardino desert. Doesn't look like it's used for anything, and there are SFHs on same-sized plots on either side. Anyone have an idea about how to even start looking into acquiring it? [link] [comments] |
| Is new construction a good investment? Posted: 20 Nov 2020 05:06 PM PST |
| Rent increase for Section 8 tenants? Posted: 20 Nov 2020 04:57 PM PST I am looking into a property with section 8 tenant, which doesn't scare me, but when I know they pay significantly below market rate it does. They're also not on an active lease (unsure why). I do know they're paying rent on time (due to section 8). Can we bring rent to market rate in this case, given what we know:
It will change the valuation of this property by a lot depending on if we can successfully raise the rent. Also I don't plan to drive out the tenant so that's not an option I'm looking at. So would really love to hear anyone who have experiences with this? [link] [comments] |
| Posted: 20 Nov 2020 04:50 PM PST |
| Fill in ground pool or repair it? Posted: 20 Nov 2020 06:06 AM PST Hey! I'm looking at a property that has an older in ground pool that definitely needs repairs. I'm not sure whether it would be cheaper to repair it or fill it in. I'm also open to other creative ideas. For filling it in, I understand the process from what I read.
Does that sound right, and is there anything important I'm missing? Can someone please give me an idea based on the pics what I need to do to fix this pool as well? If y'all are able to provide ballpark estimates, that would be greatly appreciated. I'm located in Missouri. Any advice is welcome as well, thank y'all! [link] [comments] |
| Posted: 20 Nov 2020 04:39 PM PST I have had 4 (now 5) different property managers for 7 different properties in 3 different states. Never before has my name shown up on a lease between the PM and the tenant. The main part of the lease is between the PM and the tenant, but the "Rules and Regulations," "Mold Information and Prevention Addendum," "Lead Based Paint Disclosure," "Key Addendum," "Crime Free Housing Addendum," "Utilities Addendum," "Yard and Landscape Maintenance Addendum," and "Information About Brokerage Services" are all written between the tenant and me, the owner. Part of the reason I have a PM is for anonymity reasons (among many others, of course). Have any of you had your name in the leases between your property manager and your tenant? [link] [comments] |
| Notes from Novogradac's 11/19 Webinar? Posted: 20 Nov 2020 12:32 PM PST This is a long shot, but did anyone attend Novogradac's webinar yesterday on what to expect from the Biden admin? I didn't hear about until it was too late. [link] [comments] |
| How should I strategically plan the replacement of capital items on a house? Posted: 20 Nov 2020 12:23 PM PST So I have a house which requires replacement of the roof, HVAC, and water heater. All are original to the 14 year old house, and the roof and water heater will very likely require replacement somewhere between 0 and 5 years. The HVAC I might get 10 years out of. Should I make these last for as long as I can? I am paying more for insurance because of the old roof, and I'm not 100% well-versed on the tax implications of a capital expenditure now versus later for a rental property. What are some good guidelines to follow for profit-maximization? [link] [comments] |
| Posted: 20 Nov 2020 03:23 PM PST As the title suggests: My good friend and I have been looking for properties (condos, multi-family houses) as either a buy and rent out, or buy, live in one unit and rent out the other. It's probably been around 6 months of research, open houses and showings. Our plan has always been that we'd try to buy FHA, live for a year, then try to do it again, etc. and accumulate. Recently, we were looking at a larger than average condo, and he said randomly something along the lines of "it's so large even [insert girlfriend's name] could live with us". I had never thought about this but instantly felt hesitation. My thoughts are that even though I like her and we all hang out fairly frequently (at least pre covid), I'm not sure about living with us for 1) adding to the utilities 2) I feel like maybe I'll have to change the way I act while she's around 3) I'll feel like I'll be kind of cornered in my side of the house in a way. 4) everyone on the internet says not to do this for renting a place but I was curious if people have experience for buying not that that changes anything necessarily. Has anyone dealt with this? I'm not sure if I'm overthinking it or being a jerk? She is planning on going away to grad school in about a year, and she's living at home now because of covid. I feel like it's hard to say no, especially if it's a multi-family house with a little more space in our unit compared to a condo. It puts me in an awkward spot in my mind. [link] [comments] |
| Realtors pay bill... but require hold harmless for total sale Posted: 20 Nov 2020 02:37 PM PST We bought a home that needed an immediate electric line repair for a dryer. The realtors are willing to pay the $1,000 bill, but are requiring us to sign a hold harmless agree for the entire transaction meaning for any future issues. Would you take this deal? We have been in the house now for almost two months. [link] [comments] |
| Posted: 20 Nov 2020 01:08 PM PST Hi, I'm a 17 year old who wants to get started in real estate. I have been investing in the stock market for around 5 years and have gotten pretty good at it. I want more diversity and to reallocate some of my money into real estate. I was thinking about buying a four plex with an FHA loan. Would I be able to do this as a minor? What else do I need to know? [link] [comments] |
| AirBnB Owner/Operators - How Are You Approaching Financing? Posted: 20 Nov 2020 11:47 AM PST Hi folks, the title pretty much sums it up. I have been fortunate to have a strong-cashflowing AirBnB that is still doing quite well despite covid. I have a mix of LTR's and STR's and am looking to increase my position on long-term rentals. I'm still operating in the 1-4 unit space, so that unfortunately means banks are underwriting ME more than the deals themselves. This naturally presents some challenges:
So, what are others in the space doing? Open to creative solutions here. I've looking into PE and private capital groups (like these guys - https://kramcapital.com/), but we're looking at higher rates and higher downpayments. Maybe that's what it's going to take, since we're operating outside of Fannie/Freddie territory. Regardless, I'm curious to hear what others are doing! [link] [comments] |
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