Real Estate Investing: 400k+ Members! Introduce yourself here ������ |
- 400k+ Members! Introduce yourself here ������
- “Prices are insane” MY explanation of were we are heading.
- What would you do?
- Should I set up an LLC?
- What are some good business models for renting out office space real-estate?
- Hiring a real estate asset manager?
- Anyone want to share any real pro-forma's of build to rent
- Hypothetically; if UBI comes, won't mortgage/rent prices skyrocket? Since everyone now has more money to compete against each other?
- 1-4 MFH Real Estate Analysis Software or Spreadsheet Recommendations
- How do you make profit from wedge deals?
- Question for RE investors that are also Agents
- Talk to Me About Raising Money
- How to deal with intimidating and verbal abusive buyer >:(
- Short-term/Vacation rentals strategy thread
- Cash Out, 1031 or Some Other Mechanism?
- Looking for a lender that doesn’t require flood insurance at minimal flood risk locations. Is this possible?
- My partner and I want to refi, but not sure if the bank will give us more money...
- Question about equity build up for a rental
- Leverage family members cash for home purchase - delayed financing
- Looking for an online classes or webinar to start real estate investing.
- Thoughts on this seller financed multi family deal?
- Hot, in demand markets-yay or nay?
- Land loan
- How to limit liability when you have to be the lienholder on a conventional
- Considering building a house for spec (to resell). What should I know?
| 400k+ Members! Introduce yourself here ������ Posted: 12 Feb 2021 10:28 AM PST Welcome to r/realestateinvesting!We've seen quite the bump in members since #GameStonk took off, so much in fact the sub has doubled in members since just prior to that event. The mod team wants to welcome all of our new members. Check out our WIKI Page for the lists that you are looking for:
PLEASE REVIEW OUR RULES:
Take a minute and introduce yourself in the comments and let us know about yourself, below are just some sample questions, but let us know more about you and your goals.
[link] [comments] |
| “Prices are insane” MY explanation of were we are heading. Posted: 12 Feb 2021 05:35 AM PST This is becoming an everyday post with continued discussion so I wanted to address the macro factors playing into this.
Now the obvious follow up question is well then inflation will be crazy, right? Short answer is no one really knows. The US Gov't has openly said the that are unsure, exactly, how inflation runs. The idea is that it's the correlation between the amount or dollars * the velocity of said dollar (how many times it's spent). The interesting bit, the velocity of the dollar has fallen off a cliff at the start of COVID. Currently it is the lowest it's been since the 1950s and none of the stimulus is reaching the levels of the CPI index we want it (consumer spending on goods). But now that vaccines are being administrated and every day life looks to be resuming soon I think we will see velocity spike and inflation start kicking in. Overall, I think RE (specifically single family) will see 10-14% appreciation in most core markets over the next 12 months. And another 6-10% next year.
All in all, I think we better get use to a Seller's market at least for the next few years. [link] [comments] |
| Posted: 12 Feb 2021 07:49 PM PST In short, I'm building a house currently that will be done end of month. Roughly $350k build, appraises in 500s ( including land). I will have no mortgage, due to paid as being constructed. Given the current Low interest rates I feel there is opportunities somewhere but unsure what to do. Like open a HELOC? I'm a rookie when it comes to this just know potential is here. What would you do? [link] [comments] |
| Posted: 12 Feb 2021 02:52 PM PST We have our personal home and one SFH rental, both mortgaged. We are (probably) buying a duplex soon. It will also be mortgaged- will do 20% down. Should we set up an LLC at this point? We have plans of having several units, but likely will accumulate rather slowly. [link] [comments] |
| What are some good business models for renting out office space real-estate? Posted: 13 Feb 2021 01:46 AM PST I am under the belief that rental properties for people to live in are by far the best investment option. That said, I have an opportunity relating to an apartment that is in an office building and was wondering about different business models like renting for co-work or running some other kind of rental space. Does any one have some good sources I can look into to learn a bit more? Thank you! [link] [comments] |
| Hiring a real estate asset manager? Posted: 13 Feb 2021 12:29 AM PST I am just starting to do research in real estate investing so this might be a stupid question.Can anyone hire real estate asset managers like JP Morgan or UBS or is that only available to high net worth individuals. Base on their websites it seems like they'll pretty much do everything for you including building and managing your portfolio. [link] [comments] |
| Anyone want to share any real pro-forma's of build to rent Posted: 12 Feb 2021 02:53 PM PST Hey everyone, I'm looking to do my first build to rent deal in Florida. I'm going to start with a SFH to house-hack for two years but am also pursuing doing multi-family build to rent in 3 years. I was curious if anyone has real life pro-forma's of build to rent they would care to share so I could see how good my models really are. I feel confident in my projections but I am also very curious to see how the real experience is going to compare as far as OpsEx and build budgets. I know I can't offer much in the way of REI help in return but I do have quite a bit of demographics data that I'm happy to share if anyone is interested. Look forward to hearing from everyone! [link] [comments] |
| Posted: 12 Feb 2021 07:30 PM PST Just a fictional scenario; if oprah announces tomorrow what we all get extra $1k per month, then wont alot of people use that to compete against each other to buy/rent the more sought after places on the city? Just wondering. [link] [comments] |
| 1-4 MFH Real Estate Analysis Software or Spreadsheet Recommendations Posted: 12 Feb 2021 11:13 PM PST New investor here. Downloaded a really neat Excel sheet online 2 years ago to run in-depth deal analysis for MFHs which I see as candidates for a 3.5% FHA mortgage loan. My initial filter is the 1% Rule and a GRM test (<=8 in today's market): if passed I then move to software. Seems this spreadsheet has some bugs that users have corrected and the author is MIA via email and Discord for my questions. Alas I must seek out software with better support. REI has large risks on its own and this is not counting software bugs. Could you recommend a tried-and-true spreadsheet or software or free website to run analysis on rental income-based MFH properties? My requirements are: 1) Inputs and outputs must be exportable (print to pdf), 2) Show if 1% and 2% rules are satisfied, 3) Show GRM number, 4) Show net monthly income (gross income - expenses), 5) Itemized input of monthly expenses (PITI, etc), 6) Forecasting of morthage payoff as an accumulation by year or month, 7) Forecasting of property appreciation by month or year, 8) ROI % and COC % or another profit efficiency metric calculation, 9) Connection to web to pull local data (such as rents). Thanks in advance, everyone! [link] [comments] |
| How do you make profit from wedge deals? Posted: 12 Feb 2021 10:51 PM PST I know your net worth increases, but how do you make income from wedge deals. Like an actual salary. I know Meet Kevin does this and that dudr has a lot of money. [link] [comments] |
| Question for RE investors that are also Agents Posted: 12 Feb 2021 10:08 PM PST If I am buying a property off the MLS with a 2.5/3% commission is there a way I can instead of taking the commission as a taxable income just have it credited to closing costs / downpayment / deduction in sale price so that I dont have to pay taxes on it (minus them cutting a cheque for my broker firm I work for to cover their split) situ - buying a quadplex for 600-750k at 2.5/3% commission (im an agent and will get the buy side) with FHA loan and 3.5% down and closing costs will be around 15k trying to figure if I can do something so that I dont pay tax on that and can just roll it into the closing costs / property sale price instead info appreciated [link] [comments] |
| Talk to Me About Raising Money Posted: 12 Feb 2021 12:34 PM PST How do you make it a win/win for you and the investor? Is there a limit to how many people I can raise money from? Let's say I wanted to raise one million and do a project in cash, could I sell 9 shares for 100,000 each and then split up the 10th share to where if people wanted to put in 5k, and buy a fraction of a share they could? [link] [comments] |
| How to deal with intimidating and verbal abusive buyer >:( Posted: 12 Feb 2021 02:57 PM PST I just finished a walk through with a potential buyer, my CRE agent and their buyer CRE agent. I'm a young inexperienced seller :( . This is a commercial real estate building and the pricing varies greatly between all parties with interest. I was absolutely blind sided at how aggressive and verbally abusive one of the investor got when he asked my broker about comp price analysis. My broker and the investor proceeded to get into an argument about comp pricing. In the moment i was shocked and froze.... I didn't know what to do. I felt absolutely uncomfortable and just stood there. A part of me just want to tell the buyer to get the %&$@ out of my building. I'm a generally very quiet person. I grew up getting pushed around and bullied a lot; however, with the financial around this situation, i know where i want to hold my ground on price with regards to the building. Do you guys have any advice or similar situation with extremely rude / verbally abusive counter party? Also, as a PSA I would like to remind everyone here, and especially myself. BE CIVIL. [link] [comments] |
| Short-term/Vacation rentals strategy thread Posted: 12 Feb 2021 05:51 AM PST Hi all. I am just ramping up my short-term rentals portfolio and would like to hear from any others out there about their strategies, wins, and losses. Given current market conditions, it seems short-term is a solid game, but we don't hear much around here about it. I'll go first- Own SFH in HCoL area, long-term rental and holding for appreciation. Have recently purchased mid-west waterfront cabin for vacation rentals. Am seeking mid-west urban multi (growth city) for mainly travel nurses and other long-term short-term rentals with goal to have 6-10 doors over 3 years. Considering purchasing next year beachfront condo for short-term vacation. Strategy: Build a small geographically and property-type diversified portfolio in MCoL areas that offer growth potential and that will offer some appreciation, opportunity for long-term rental if strategy shifts, and managing will be a job for retirement. No wins or losses just yet. Mostly just worry about whether I've lost my mind on this one. 🤪 [link] [comments] |
| Cash Out, 1031 or Some Other Mechanism? Posted: 12 Feb 2021 09:54 AM PST I have a condo in Denver, CO that I have owned for ~10 years. I am positioning myself to buy more real estate in the next 12-18 months with proceeds from said condo. I am trying to figure out whether to sell and 1031 exchange the proceeds into another place, cash out and keep the condo OR some other financial mechanism that I am not aware of. The numbers… Asset Value: $315k Loan Amount: $96k Equity: $315 - $96k = $219k Current rent: $1,800 My monthly nut (mortgage, insurance, taxes and HOA): $1,141 I know the asset is underperforming for the rent it is getting, I'm not sure if I should hold on to it for the appreciation and dump the refinance money in another deal or just move on from it. * I'm sure I left out numbers, happy to edit and add anything! [link] [comments] |
| Posted: 12 Feb 2021 06:14 PM PST |
| My partner and I want to refi, but not sure if the bank will give us more money... Posted: 12 Feb 2021 10:41 AM PST We qualified for $420k when we bought the home, now worth about $570k in our crazy hot market (yet to be appraised, using this figure for simplicity). We owe $400k on the mortgage as we just bought it last year. I originally wanted to refi, although I'm now thinking that there's no way in hell the bank will give us another $200k-$300k on an investment property, because if we were approved for $420k, another $200k on that would be out of our approval range... can I use future rental income on the approval? I'm in Canada if that makes a difference. [link] [comments] |
| Question about equity build up for a rental Posted: 12 Feb 2021 05:09 PM PST I have a friend who does a lot of real estate deals. I am currently in Jersey, looking for a property to rent out. He said you will never find the perfect property, which I agree.. but he said you gotta just take the jump. Even if it's a little bit positive cashflow it's a go. It got me wondering, if a tenant paid the rent and it covered the mortgage and interest on a 500K property with 100k down, approximately how much equity would be built up after a year? A lot of assumptions in this question.. such as having the property fully rented every month. I'm curious about returns, and any other insights some of you veterans might add about what he is saying about just jump in the market! [link] [comments] |
| Leverage family members cash for home purchase - delayed financing Posted: 12 Feb 2021 04:24 PM PST I need a little help understanding the cash out refi process and the delayed financing process. I would like to know if there is a way for a family member to gift the full cost of a home and immediately after do a cash out re-fi to pay them back. The benefit is that the buyers offer is much more likely to be accepted in cash for a quick easy and risk free close on the home. Cash out re-fi requires a 6 month waiting period I believe delayed financing would exempt you from the 6 month waiting period. But I was told that the cash must come directly from the borrower (not only sourced, but from the borrower). That means the full cash amount would need to be gifted to the borrower first and then seasoned. The borrower would also need to pay the cash out refi interest rate which is higher than a new home purchase rate. Is this the correct understanding of this process? Does that mean that the only two options are a. gift the full amount to the buyer during closing - then the buyer does a cash out re-fi after 6 months to return the money OR b. gift the full amount to the buyers account and season for 2 months, then purchase home and perform delayed financing immediately after closing to return the funds? Trying to see if there is a way to do this without waiting 2 months or more. [link] [comments] |
| Looking for an online classes or webinar to start real estate investing. Posted: 12 Feb 2021 11:55 AM PST Hi! I'm looking for any information to help me with the basics first and terminology and tool breakdown of real estate investment. I have money saved up and I really don't want to spend it all away and actually want to put it towards Real Estate. I'm in the market right now to buy a home to live in, in Michigan. The market is CRAZY and difficult for buyers, everywhere. I am wondering if I should just invest for now but I need more information on Real Estate investing for beginners. All information is much appreciated. Thank you. [link] [comments] |
| Thoughts on this seller financed multi family deal? Posted: 12 Feb 2021 03:20 PM PST Some context: This is the southwest in a growing area where I own properties, but focus multifamily because SFH here are quickly outpacing rent. The condition of the property is good and in a good area, and the total property price here isnt super deal, but a fair price. Terms: Purchase of $265K $65K down payment 5% Interest 5 year balloon 30 yr am Rent Total = $2,975 3 - 2 bed 1 bath 1 - 3 bed 1 bath Thoughts? [link] [comments] |
| Hot, in demand markets-yay or nay? Posted: 12 Feb 2021 03:16 PM PST I'm seeing two schools of thought on this: The first, and often most prevalent, is hot markets are the place to be. Places like Austin, Denver, Charlotte, and anywhere else people are moving like the boatload. The reasoning for this is pretty obvious-they're were everyone wants to be and where the growth is. But there's plenty of top tier investors who swear this is exactly why you should avoid them. These people are investing in places like Cleveland, Indianapolis, and Buffalo. The reasoning is these booming cities come with ungodly amounts of competition, driving up prices and lowering returns, and possibly creating a housing bubble. Conversely, less in demand markets sacrifice appreciation, but in exchange they provide less competition, better cash flow, and lower prices. So which do you prefer? Would you rather be in the thick of it in a boomtown, or try to fly under the radar and pick up some rust belt places? [link] [comments] |
| Posted: 12 Feb 2021 11:27 AM PST What are thoughts out experiences with buying land and building rental property. Would love to hear some thoughts about how financing went as well. Also hoping to hear thoughts about this in a city area like Boston [link] [comments] |
| How to limit liability when you have to be the lienholder on a conventional Posted: 12 Feb 2021 02:45 PM PST Hey everyone, Getting ready to buy my first SFH and house hack for two years in Florida. One of the last things I am trying to figure out is how to limit my exposure. Obviously, having the property in an LLC is the best way to go but lenders will not allow me to purchase the house through an LLC and there is a clause that prevents me from transferring the asset after the purchase. My thought was is why don't I create an LLC, transfer the rights to "use the house", not the asset itself, using a contract between me and the LLC, and then have the rental agreement between the LLC and the renter. The rental agreement would specify that any damages or liability would go against the LLC, it's insurance, and its assets(which would be 0). Therefore shielding my personal assets and the house equity from liability exposure to my tenants? Anyone tried this or found a good solution to this problem? Looking forward to hearing your thoughts! P.S. I understand this is not legal advice. Merely looking for ideas/experiences to discuss with my lawyer. [link] [comments] |
| Considering building a house for spec (to resell). What should I know? Posted: 12 Feb 2021 02:24 PM PST Maybe I'm being unrealistic, but I think the stock market is overvalued and the housing market is pretty valuable right now, so I thought this might be a good way to earn some money. I know of a few good pieces of land in good locations and I have the money to put into building the house, so financing isn't an issue. The biggest risk as I see it is that the housing market cools off before I sell the place. What other risks should I keep in mind? Let me know, 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