Real Estate Investing: Anyone else occasionally stay at their rent houses? |
- Anyone else occasionally stay at their rent houses?
- Rentals losing appeal in hot market?
- What advice would you give yourself before you bought a 5-8unit rental property?
- Is it true that condos are a horrible investment because all you are buying is air rights?
- Pop corn ceiling
- Any lender out there doing large amount of cash out refi?
- Seeking advice
- Land development project
- Getting started - LLC?
- First time investor, moving to Midwest 2021, getting started with 140k to spend. What would you do ?
- Npv and discounted cash flow
- 19 years old and want to begin investing after college. Need advice, more in post
- Commercial Real Estate
- RV Park vs Storage Units vs Duplexes
- Adjusted noi or unadjusted noi when calculating purchase price?
- How to make money off of my paid off home?
- Multi-Family Units in California
- Finding Off Market Deals
- How to best spend my time/research market while I save money for first deal?
- Collections vs Charge offs? Tenant Review
- Igloo Smart Lock Box 3?
- What will happen with interest rates?
- Flipping vs Rentals
- How scalable is this? 77% return
| Anyone else occasionally stay at their rent houses? Posted: 30 Nov 2020 06:11 PM PST I have one I need to prep for winter and get filled. As a kick in the butt I asked my daughter if she wants to camp out at it. So we are now in sleeping bags in our own rooms. Am I crazy? [link] [comments] |
| Rentals losing appeal in hot market? Posted: 30 Nov 2020 05:09 PM PST I live in a midwestern city and our market is HOT. I have been a buy and hold investor for about 8 years and have enjoyed nice cash flow (always met the 1% rule or more) and great appreciation. This was with B and C properties. Now I'm finding that buying anything as a rental doesnt really make any sense. I cant find anything decent with the 1% rule, since our market has appreciated so much and rents havent kept up. Is flipping a better option now? Anyone else scratching their head as what to do? [link] [comments] |
| What advice would you give yourself before you bought a 5-8unit rental property? Posted: 30 Nov 2020 08:09 AM PST Hey Guys, I have bought a SFH, then a duplex and after that a 4-plex. Thinking about getting something bigger, Like 5-8units? But for some reason I am really intimated by this? In theory it seems simple but idk why just a little nervous. Has any owned a medium sized multifamilies (5-8units). If yes what advice would give yourself before you bought it? [link] [comments] |
| Is it true that condos are a horrible investment because all you are buying is air rights? Posted: 30 Nov 2020 09:15 PM PST I read an article from some developer in real deal saying that condos are a horrible investment because you're just buying air rights. That makes sense - you're not buying any actual land which can appreciate but just the right to occupy a space. I'm guessing it's because condos don't appreciate as much as SFR? Is this overly simplistic ? [link] [comments] |
| Posted: 01 Dec 2020 03:07 AM PST Can the value of a house go up if you remove pop corn ceiling [link] [comments] |
| Any lender out there doing large amount of cash out refi? Posted: 30 Nov 2020 11:19 PM PST House is in CA. Worth about $1.5M with currently about $550K loan. I want to get 80% equity out or at least $1M out at a 2.5-2.75 rate. I have enough asset to cover. Excellent credit score. High income. The few lenders I contacted would only offer $50K cash out or no cash out at all (without even taking more personal info)?? Is this amount not realistic to fund? [link] [comments] |
| Posted: 30 Nov 2020 10:39 PM PST I currently live in a HCOL area and will only be here for a couple more years. I have been poking around the housing market for a few months and found that If I move roughly 30 minutes outside of the city I can have a new house built with an unfinished basement for roughly the same cost of a fixer-upper closer to or in the city. Would it be worth it to build new and finish the basement then sell when I leave? The locals say that housing has been going up here for a while now so I feel like I'm just catching the tail end of it. Thank you for your opinions. [link] [comments] |
| Posted: 30 Nov 2020 08:08 PM PST We are looking at buying a tract of land, putting in roads, demo existing house, subdivide into 3 lots, and then do a contract with a builder where we grant him permission to build 2 houses on the lots and sell, after sale, he pays us back for the land. I need a contract for this deal and want to think of anything I am not thinking about. Has anyone done a project like this before. We would retain lot 3 for ourselves. [link] [comments] |
| Posted: 30 Nov 2020 12:31 PM PST Finally out of debt, have saved $150k and ready to invest in real estate. Should I start an LLC now or after I find a property or at all (I'm in California)? Are the tax write offs worth the annual cost? Outside of liability are there other financial benefits? Any advice on where to start, I have a full time handyman in the family at the ready. Possible opportunity: I currently change job locations about every 18months on average. Company pays nice per diem. There is a property I like near my next job site and the monthly mortgage would be less than my per diem. Down side is the location isn't very desirable and resale will be hard. Other option is to stay in a crappy motel or rent a place. Any advice would be greatly appreciated. [link] [comments] |
| First time investor, moving to Midwest 2021, getting started with 140k to spend. What would you do ? Posted: 30 Nov 2020 07:42 PM PST Hi all, as title states, I'm moving to a Midwest city for what I am considering a permanent move where we plan to put our roots down. Possibly have kids in the next couple years. We will have 140k in cash to invest in real estate next year. We ultimately want to invest in single family homes, buy and hold with the BRRRR method. Our situation is a bit more complex because the town we are moving to is NOT the area I want to invest in (high property taxes and I'm not sure it's the best place to invest for wealth building) Instead, I'm planning on building our rental portfolio in the next state over. Because of this complication I can't decide if we want to start with a property to BRRRR and live in then rent vs. just buying a nicer starter home to live in and sell when we want to upsize vs just renting for now and putting in all our investment cash in the area we are committed to growing our portfolio I think we have enough cash to buy two houses next year with financing. Here are the options I am thinking of... which would you choose ? Also open to other ideas.
[link] [comments] |
| Posted: 30 Nov 2020 08:37 PM PST Hi everyone, I'm currently in a real estate finance class and was trying to find someone who clearly understands discounted cash flow, and npv. I understand how to get regular cash flow and irr. Also, does anyone understand the difference between leveraged and unleveraged irr? If you do please message me! [link] [comments] |
| 19 years old and want to begin investing after college. Need advice, more in post Posted: 30 Nov 2020 06:21 PM PST Im a 19 year old living in Texas and would like to invest in or near Houston, Im currently in college but am doing a co-op and will be taking ~2 semesters off. I plan on either using all the money to pay off my student loans or using it to put on a down payment on a house. Im going to be earning ~4700/month for 4 months in 2021, I will be working virtually so I plan on saving essentially everything after taxes. 4700/month for 6 months in 2022, and plan on having a job paying no less right after I graduate in December of 2023. These 6 months will most likely not be virtual so I must travel out of town and pay rent which is 540 a month. Im unsure what to do with the money until I graduate, where should I place it to accrue interest until dec 2023? Any and all advice is greatly appreciated, Thanks! [link] [comments] |
| Posted: 01 Dec 2020 12:14 AM PST Hey Guys, So I am 19, and my dad rents out a custom built business facility to a multinational on our personal land, and we have one more land and wanted to know your opinion on how to reach out to these big companies to make an offer regarding this. I live in a city which is the manufacturing hub in India, so companies do come here to expand their operations. Thanks! [link] [comments] |
| RV Park vs Storage Units vs Duplexes Posted: 30 Nov 2020 04:03 PM PST I have some land. It's in a good location and has city water and sewer. RV park is something I'm considering. It would be on just 1 acre, and I can fit 14 spots but is in a secluded part of a neighborhood (no restrictions). My concern is I don't know what the saturation is of the market. The duplexes are the most expensive and take the longest to obtain an ROI. I was thinking I can fit as much as 12 1b1b houses on the property but it would cost a million. The RV park would cost 150k. The storage thing, I'm not sure of the costs yet. I currently have 4 single family homes which pay rent automatically online and I love the passive nature of it. [link] [comments] |
| Adjusted noi or unadjusted noi when calculating purchase price? Posted: 30 Nov 2020 10:55 PM PST Is it better to use adjusted noi, or noi unadjusted when calculating purchase price with cap rate? Im looking for more accurate calculation? [link] [comments] |
| How to make money off of my paid off home? Posted: 30 Nov 2020 06:48 PM PST Good evening investors, I am in need of some advice and help with how I can grow some good income off of my home.I currently have a home in a very nice part of town where most houses are valued around 250k or more. The house is completely paid off and in fairly decent shape. With mostly some outside landscaping needed, and a few face lifts here and there. It is roughly 1700 sqft, 3 bed, with 1.5 bath. Estimated value is around 275,000 and I think I could ask about 1500 to 1700 for rent. People have been telling me for the last 5 years to not sell and to turn it into profit. As someone with absolutely no experience with this it has been hard to start or even try to start.However I think I am ready to turn this into some profit for myself.The only thoughts I have had is to either take a line of credit out on the house to put a down payment on another house that suits me better, and then rent the house I own outright to help pay off the new house, cover bills, and more. A last resort would be an apartment, which yes rent would be completely paid by the rent collected from my house, but am not wanting to go back to apartment living especially with a dog and 2 cats. Edit: The other big thought is that I am a coach for a college rugby team. I have considered buying 2 or 3 houses by campus with money from a HELOC. This would be guaranteed renters every year, I know them personally, have control over them and eyes on them at every week. Would this be too much to bite off with 2 or 3 houses? Thoughts and any advice would be wanted. Thank you all [link] [comments] |
| Multi-Family Units in California Posted: 30 Nov 2020 09:51 AM PST Hi All, I'm a new investor and I'd like a second opinion on whether to go into multi-family in CA. So I've heard that Multi Family Units yield higher returns and are often easier to manage. But, after speaking to some realtors in my market (CA), it seems like the deals are tough given how tenant friendly CA is and the increasing restrictions on rent increases. I'm wondering if this has been the experience with other folks as well who have history doing multi-family deals in CA. While I understand the market is tenant friendly, I feel like there are still ways to do decent deals via section 8 or by adding units now that ADU requirements have relaxed. Are multi-family units still worth the hassle? Or is the ROI better with single family units? I myself currently have 1 unit and am "house hacking" in another. Looking to plan the next move in ~1-2 years. [link] [comments] |
| Posted: 30 Nov 2020 10:11 PM PST Do you guys typically do this? If so, how? Looking into it myself and curious how most of you find deals [link] [comments] |
| How to best spend my time/research market while I save money for first deal? Posted: 30 Nov 2020 09:23 PM PST Hello all, I would like to buy a property to live in (ideally a duplex) but I am working in NYC. There are a few markets that I'm looking into, but no matter which route I take, I'm going to need to save more money before I can pull the trigger on anything. How can I best spend this time so that when I have enough money, I can more quickly pull the trigger on a deal I like? I don't want to waste the time of brokers/owners/third parties because I'm not ready to buy and don't want them to think I'm wasting their time. But, these are the people I feel like I need to be talking to to understand what renters demand in the market, utilities costs, insurance rates, property manager recommendations, etc. Any tips? [link] [comments] |
| Collections vs Charge offs? Tenant Review Posted: 30 Nov 2020 08:51 PM PST Im looking at a few tenant applications currently using Apartments.com, and what I don't understand is why some people will have one issue in collection, but then have 4-5 'Payment deferred', 'PRL - profit and loss'. 'CBG - account closed by grantor' etc Why are these not showing as collections? Do they mean is was paid off or simply given up on and balance is owed? Why would they not pursue it? How does an applicant have a 600+ score if they have 40+k in debt? Does it mean they pay most stuff timely just have a few things charged off? Confused as to what's good and what is not [link] [comments] |
| Posted: 30 Nov 2020 07:34 PM PST Has anyone used this? Seems like a good device to show rentals remotely. Although I did read you need to be bluetooth distance away to change the pin. Does that mean you can still grant people a pin that only works once? If you need to be bluetooth distance to change the pin, I don't see the point in this over a standard one [link] [comments] |
| What will happen with interest rates? Posted: 30 Nov 2020 10:47 AM PST Interest rates have been going down for the past two decades and they are now near 0%. I highly doubt that they are going back up anytime soon. The only way that I would see that happening is if our economy is booming and people are getting wealthier, otherwise there will be a huge amount of bankruptcy because so many people who have mortgages live from paycheck to paycheck and have not much financial room to breath. On the other side, it's seems clear that the going south trend will continue for quite some time. But what will happen if the interest rate go below 0% like in Europe? Have reached the limits of our capitalist system? I would love to hear your thoughts on that... [link] [comments] |
| Posted: 30 Nov 2020 12:02 PM PST I just bought my first property as a 25M and am putting around $50k into it. I've looked at comps in my neighborhood and I could easily make $40-60k after renovations on my home. Seeing these numbers, I think I want to start flipping houses instead of buying and renting. I know rentals have their place and anyone looking to build their long term net worth should invest in rentals, but I think I could make a good living flipping at the same time. Seems that everyone says rentals are the way to go, but I want to start changing my life NOW. I have a solid job with good pay, but buying and renting a house out would probably at best increase my yearly income by $6,000.00 and that's not taking into consideration property management fees and other expenses. (This is just estimated from what I read online) I am looking for advice on flipping homes, what makes a good house to flip vs a good house to buy as a rental. How to get hard money or other creative financing and how to evaluate those loans. Where to get deals that are under market (wholesalers probably). How budget and estimate rehab costs and just any real world advice when it comes to flipping homes. I live in the Philadelphia area and the housing market has been booming the last few months. [link] [comments] |
| How scalable is this? 77% return Posted: 30 Nov 2020 04:51 PM PST Thanks to this comment, I understand how REI works better. But understanding makes me ask more questions. Say you have $100K now. You do what he outlines with one or multiple properties such that you get 77% cash on cash return every year. (Is that even possible?) In 5 years, that equals to $100K*1.775 = $1.7M ? Say 30% is taxed, then is it $100K*1.535 = $830K ? These numbers make sense? Just trying to form a better idea on how REI works and how scaling works [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