Real Estate Investing: What’s the greatest thing you can tell someone who is new to investing into real estate? Is 2021 a good time to start? |
- What’s the greatest thing you can tell someone who is new to investing into real estate? Is 2021 a good time to start?
- Farm ground, how do you make it work?
- Have your bank ever called the loan after transferring it to your LLC?
- 4 Property Bundle - Madison WI
- Buying 2nd Home in HCOL, Sell 1st Home?
- Finding multifamily properties
- Austin and surrounding areas realtor
- Co-op unit's share pricing vs market pricing
- Tax Strategies for potential investors
- Syndication
- Got an international inheritance from my estranged father who passed away last year. Thinking of investing.
- Commercial Apartment Loan
- Anyone taken on a corporate lease to rent out as an Airbnb?
- Why hasn’t this listing sold? Looks too good to be true.. (please educate me)
- Losing focus in 2020
- How soundproof are wall between townhomes?
- How do I rent my house out to the government?
- Cash flow with High Property Tax
- Advice on title of current home
- Possibilities
- New Investor - Purchasing Team
| Posted: 26 Dec 2020 10:14 AM PST Title says it all, looking to expand my investments, currently only in stock market, but all of 2020 I have been studying real estate. To be honest, kind of scared to start but I really am looking to into 2021. [link] [comments] |
| Farm ground, how do you make it work? Posted: 26 Dec 2020 03:31 PM PST Does anyone here invest in farm ground? I will be coming into some cash ($700k) next year and my family is pressuring me to invest it in farm ground. Mom and Dad own a lot of acres that they bought through the 70's and 80's, rent it out and it makes them a good living. I've been looking into it now though and for example there are 200acre ground going for around $1m. Average rents are $230/acre which only nets you $46,000/year. Even putting the full $700k down, I'd be barely breaking even on the mortgage of the rest of the ground and it would take something like 30 years ROI. How do people make this work or is Farmground just the slow game? [link] [comments] |
| Have your bank ever called the loan after transferring it to your LLC? Posted: 26 Dec 2020 11:32 AM PST I bought an investment property under my name in Texas and want to transfer it to a LLC for liability protection purposes. There's a due on sale clause that gives the bank the option to call the loan if I transfer the property. How do you manage to transfer without triggering the due on sale clause? Are the chances of it being called slim to none that everyone rolls the dice and just transfers to the LLC? [link] [comments] |
| 4 Property Bundle - Madison WI Posted: 26 Dec 2020 07:08 PM PST Looking to hear from anyone familiar with the Madison WI market. I've got 4 properties lined up that need significant work. There are two, three flat apartments and two, two flat apartments. Total purchase price of 1.2 million. Current rents are roughly $10,600/month (average three bedroom renting at $1300, with some one bedrooms at 550) but I believe market rents are close to $17,000/month after significant remodel work is completed. Electrical needs to be redone, windows, new roof on one of the buildings, etc. Expecting a lot of work, but feel there is a ton of upside. Anyways, my question for anyone familiar with the market....two, three flats and two, two flats for 1.2 million. Steal? [link] [comments] |
| Buying 2nd Home in HCOL, Sell 1st Home? Posted: 26 Dec 2020 05:53 AM PST Hi all, long time listener and learner here... I own a house that is making me slight positive monthly cash flow in a small city. With the seller's market currently, I'm thinking of listing it for about 130% of the purchase price from a few years back. I just refinanced to take advantage of low rates, as well. I want to buy a house in a HCOL. I can afford it without selling the first house, but I wonder if I can negotiate a high sale due to the nature of the market. I ran the numbers, and it would take nearly a decade of collecting rent (minus any expenses along the way) before the monthly cashflow would overtake the potential profit of selling. Am I missing something? I feel like it would make sense to sell now during the frenzy, than to hold on and collect pennies over the next few decades. In general, does it make sense since I don't plan on buying more than 2-3 total rental properties over the next decade? The upfront capital I could get would be used for other investments and potentially the new (overpriced...) second house. Thanks for the advice ! Edit- Thank you all for the solid advice. I'll continue to think this over. I hadn't thought enough about the potential losses due to taxes and sales costs. It still may be worth it to have more money now to invest than a slow trickle. Happy Holidays! [link] [comments] |
| Finding multifamily properties Posted: 26 Dec 2020 11:13 AM PST Hey! Sorry if this has been asked a bunch of times before. I've tried searching for an answer and haven't found a good one yet. So I'm trying to find a multifamily property to invest in. This would be my first rental property, so I'm new to this whole world (though I do own the house I live in). When I search on Redfin or Zillow for multi property, I see single units within multi properties, so like one of the townhouses in a duplex, one of the condos in a building, etc. How can I search for the full property instead of just part of it? [link] [comments] |
| Austin and surrounding areas realtor Posted: 26 Dec 2020 11:09 PM PST Hello, Looking to buy an out of state investment property in areas surrounding Austin. Any good recommended and used realtor contact who also help with rental/ property management? [link] [comments] |
| Co-op unit's share pricing vs market pricing Posted: 26 Dec 2020 09:54 PM PST We purchased a condo in a co-op back at the beginning of 2021. We didn't realize that the upgrades in the unit have created a market price which is bringing the per share price way above average for this community. While we try and sell the place in a couple years from now, will this become an issue as comps within the community are all low range condos without updates and this unit being an odd one out? I feel like we were naive and fell for the new paint and appliances look of the place without digging into the inherent value of the condo or the share prices and so on. Reference numbers: Our unit 315K with 650 shares: 1B1B with a finished and updated 450sqft basement with laundry in unit, 850sqft living area. So for an updated bath, kitchen, floor and laundry we paid 20k for a unit worth 295K based solely on the stock prices. With the possibility that this place will not appreciate at even 1% Others on average cost 240-250K with 550shares based on the selling spree this summer. Most 1B1B units are not updated, some with and some without laundry, no basements and 850sqft living area [link] [comments] |
| Tax Strategies for potential investors Posted: 26 Dec 2020 06:39 PM PST I have an acquaintance who is looking to invest approx 20k towards my real estate investments. What is the best way to transfer this money to avoid taxes for both parties? [link] [comments] |
| Posted: 26 Dec 2020 09:35 AM PST Has anyone done RE syndication? What was your experience like? [link] [comments] |
| Posted: 26 Dec 2020 06:10 PM PST I don't know where to start...the money popped into my bank account after a year of dealing with lawyers from Thailand. Will I get taxed on this? Is it too good to be true? If I use this to put down 20% on a property, will a mortgage company refuse to work with me because of the seemingly random amount of money that appeared in my account? Will a letter from the lawyer be enough for the mortgage company? Any help would be appreciated. [link] [comments] |
| Posted: 26 Dec 2020 05:30 PM PST Hi All - Firstly, happy holidays! Secondly - I am under contract on a 5-unit apartment and this is my first foray into the commercial world (but not new to REI). I paid $440k cash for this apartment and it should appraise at $525k after some repairs and lease-ups. Purchased this month (Dec/2020). I typically work with a local bank in Central Florida but my portfolio lender is saying they can only offer me a 75% loan on the lower of Appraisal and Purchase price (5/20 fixed loan, around 4% if that matters). Meaning on this property, 75% of $440k price, loaning $330k. Is this commonplace in commercial? If not, is the best route to just start making calls to commercial lenders and asking for better terms? Thank you for all the help. I'm grateful for such an active and supportive community! [link] [comments] |
| Anyone taken on a corporate lease to rent out as an Airbnb? Posted: 26 Dec 2020 10:16 AM PST My buddy and I got the idea of finding corporate leases for apartments in hot travel and event spots in our state then putting them up on Airbnb to rent out. We've heard that, with the right location, you could end up profiting quite a bit. We have used tools such as AirDNA to find locations with occupancy rates above 75%. From our calculations, after cost of furnishing and hooking up utilities, we could profit over $1K/month for each unit we rent out on Airbnb. However, I am most concerned about getting tied into a 12-18 month lease while knowing the demand for Airbnb is seasonal and heavily affected by the current pandemic. Any investors out there that have tried this strategy? Was your occupancy rate enough to cover all expenses year round? Are there any unexpected costs or terms to be aware of? Can tools like AirDNA be seen as reliable estimators of occupancy rates and revenues? Did you ever wish you had signed a 12 month lease over an 18 month lease (or vice versa)? Any comments, tips, pointers, advice from those with experience is greatly appreciated! [link] [comments] |
| Why hasn’t this listing sold? Looks too good to be true.. (please educate me) Posted: 26 Dec 2020 07:58 AM PST Triplex in New Haven CT $239,000 6bd 3 ba Fully occupied grossing $30,000/yr. Renovated 2010 new roof , updated electrics. So if the estimated monthly cost on Zillow is $1,400/ month, and the rent payments are $2,500 in total/month, that would be $1,100 in cash flow/month. So even with a 20% down payment of 60k to make $13,200/year , that's a 22% COC return. Am I missing something? Thanks! [link] [comments] |
| Posted: 26 Dec 2020 07:21 AM PST I'm curious if anybody else here is having trouble maintaining interest in their rental property investments this year. I started buying rentals 10 years ago and have 17 units now. I haven't suffered any big financial losses in 2020 but this year just seems like such a crazy beat down. There's been so much going on from dealing with contractors who don't get work done to tenants that are having difficulties pay to just dealing with people who are being shitty to each other this year. I've had more tenants get mad at me over things that are seemingly minor this year than any other time I can think of. I don't want to look at one incident or one year and make a big life decisions but some days I just feel ready to sell everything and move on. Is anybody else feeling the same way? [link] [comments] |
| How soundproof are wall between townhomes? Posted: 26 Dec 2020 02:35 PM PST |
| How do I rent my house out to the government? Posted: 26 Dec 2020 10:06 AM PST I live in NY and also NJ and just wanted to know if anyone has turned there rentals into section 8 assistance, HUD ? I've been interested in going that direction just not to sure if it's the right one ? Thanks in advance. [link] [comments] |
| Cash flow with High Property Tax Posted: 26 Dec 2020 05:45 AM PST In my area property tax is high 2.5-3%+, is anyone making money investing in a market like this? A multi unit that is 250-300k has property taxes of 7-9k per year and increasing rapidly. Market rents can't rise fast enough for the taxes. [link] [comments] |
| Advice on title of current home Posted: 26 Dec 2020 01:02 PM PST I jointly own a home with my mother (65 years old) and our names are also on the mortgage. We bought this house at $500,000 and now it's worth $1,000,000 in Washington State. My mom does not make any money and she lives off social security so I make the mortgage, insurance, and tax payments. Next year, I want to buy a small condo and move out. I understand that I cannot have more than one primary residence so I'm not sure what to do. This condo and mortgage will be exclusively under my name. Would it be best to transfer the title to our current home to my mother and take me off? I believe that since she's over 61, she qualifies for property tax exemption which will lower my monthly payments. That said, I'm concerned that when I inherit this property, I will have to pay massive taxes. Or does it not matter and can I still be the homeowner of two properties? I am under the assumption that if I own two properties, I can only claim one for income tax purposes, etc. Not sure what the rules are specifically. The other variable is that I am single and want to protect our current home. I am getting married next year and not sure if a prenup is a viable option (I will have to talk to my partner). Our current home is the result of my mother's blood, sweat, and tears so I don't want to have it taken away just because my marriage goes south (I hope it doesn't and I don't think it ever will but finances are finances). [link] [comments] |
| Posted: 26 Dec 2020 09:21 AM PST Happy Holidays! I am an uber driver in NYC. I have an associates degree in Business Administration. I have around 100k saved up over a couple of years. I have zero to no background in REI. I would appreciate feedback on the following: 1) Do I need a professional job income to qualify for a mortgage? 2) Advise on buying a house in Poconos PA and airbnb it? 3) Any heartfelt advise for a beginner? (Books, links, tips) Thank you! [link] [comments] |
| New Investor - Purchasing Team Posted: 26 Dec 2020 05:19 AM PST Hello, I am a first time real estate investor and I am looking for some advice. My wife and I have saved up about $30-$40K and have been doing some serious consideration on buying a rental property (we have been looking at single family homes). Her friend is semi-new at real estate, but that shouldn't be a problem, right? She also made a recommendation on who to look at for a mortgage broker, but I'm not certain her specialty is in mortgages for real estate investing. That shouldn't be a problem either right? Any recommendations on who we should have on our "purchasing team" and why you would make those recommendations? Thank you! [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