Real Estate Investing: Eviction moratorium ruled unconstitutional in federal court |
- Eviction moratorium ruled unconstitutional in federal court
- Evicting Tenant of Property Under Contract
- Building 4 Airbnb cabins. 2 with construction loan - how do I finance the other two?
- I have a SFH with in law suite. No stove. No door between. Can I rent both out separately?
- Solar farm investing (ca)
- How to evaluate how much a house is worth.
- Air rights
- Interested in buying an empty lot. Looking for advice
- About to close on a wholesale, cash deal but the title came back with something on the seller’s part ‘Title company is clearing all same name entries in the judgment docket’
- If I’ve got my real estate license is it worth learning to be a property manager for investing?
- Investing in in a lot on a Golf Course
- Ideas to make a 2 acre lot of land cash flow.
- Just closed on some land in GA and looking for advice on development
- Appraisals - are they coming in low in a seller's market?
- New Landlord: How to set up pre-authorized debits?
- Property I'm considering
- Advice/Ideas for a Newbie
- Build up or build out
- Saturated/soft T1-11; how bad can it be?
- How do you figure out the repair cost of a vacant property sight unseen?
- 1st time home buyer: Vacation home or single family home?
- Can these rates go any lower? Trying to decide between fixed vs variable for our latest purchase (Canada).
- Cheapest way to transfer property in CA?
| Eviction moratorium ruled unconstitutional in federal court Posted: 25 Feb 2021 06:42 PM PST Federal judge rules eviction moratorium is unconstitutional "In October, a group of Texas landlords and property owners sued the US Centers for Disease Control and Prevention and the Department of Health and Human Services over the Eviction Moratorium Order that was issued by the Trump administration in September." [link] [comments] |
| Evicting Tenant of Property Under Contract Posted: 25 Feb 2021 11:29 AM PST I have a house under contract set to close on/before March 31st. The current owner's 43yr old granddaughter is living in the property and has done quite a bit of damage. Somewhere along the lines of $20k-$30k. I offered her cash for keys but she doesn't seem interested in doing that. Since she does not have a signed lease can I just provide her 30 days notice to vacate once I take ownership? Is it possible to do this before taking ownership. The current owner does not want to deal with this and is one of the reasons why he's selling. I'd rather just pay her to leave as it's less hassle for all involved. Thoughts? [link] [comments] |
| Building 4 Airbnb cabins. 2 with construction loan - how do I finance the other two? Posted: 25 Feb 2021 02:57 AM PST Building the following A-Frame cabins. 1 cabin - 1,400 sq. ft. 3 cabins - 600 sq. ft. each A construction loan is financing the big one and one smaller one because it's classified as an ADU. We're padding a lot of the infrastructure for the other two into the loan so the stick build is all that's left. I have a hard money loan lined up to finance the other two, but I'm curious if there are other better options. The hard money loan is likely going to be $300,000. Thanks. Finances The construction loan is 580,000 Other two cabin rough cost 300,000 Cash on hand 230,000 (mostly needed for buffer, furnishings, etc. so I'm trying to not use it) [link] [comments] |
| I have a SFH with in law suite. No stove. No door between. Can I rent both out separately? Posted: 25 Feb 2021 04:48 PM PST The area is strictly single family zoning. The in-law shares a wall with the main section of the house but there is no connection/door between the two. How do I find out definitively if both can be rented out separately. Would rather figure it out without talking to the city directly. Edit: to clarify the property was completely renovated. During the renovation permitting the city originally had issue with the in-law suite until I showed them our cabinet plans that had no stove. They allowed me to proceed. [link] [comments] |
| Posted: 25 Feb 2021 11:00 PM PST Pros? Cons? Also Looking at some land zoned for mix use. How's the ROI on something like this with no electric utilities [link] [comments] |
| How to evaluate how much a house is worth. Posted: 25 Feb 2021 02:27 PM PST just as the title says. Trying to find houses I'd like to buy in the future but there are just so many of them so I don't know the exact details I should be looking for when buying a house with long term appreciation in mind. [link] [comments] |
| Posted: 26 Feb 2021 12:32 AM PST Is there anyone willing to share their first-hand experience on leasing air rights? Whether you were the lessor or lessee. I have been researching and I am wondering if it is something that is possible with residential real estate. [link] [comments] |
| Interested in buying an empty lot. Looking for advice Posted: 25 Feb 2021 08:20 AM PST There is a vacant lot in the city I live in that I am interested in purchasing. It's a fairly large lot with seemingly a lot of potential. The idea here would be to build small modular buildings (tiny home or shipping containers); live there for a bit and then rent them out as Airbnb's or for full time tenants. Are there any things or red flags I need to know about when considering purchasing vacant properties? Thanks! [link] [comments] |
| Posted: 25 Feb 2021 05:29 PM PST What does this mean exactly? I'll find out tomorrow most likely but I'm a bit worried for the rest of the night that this isn't the best news. Would absolutely hate if the deal fell through over this! And I also don't know what that means entirely lol any help? [link] [comments] |
| If I’ve got my real estate license is it worth learning to be a property manager for investing? Posted: 25 Feb 2021 05:13 PM PST I'm about to get my license and I really want to get into investing. I think my investment strategy will be managing rentals and so I wondered if it's worth getting experience as a property manager to prepare for when I get my own rentals [link] [comments] |
| Investing in in a lot on a Golf Course Posted: 25 Feb 2021 08:03 PM PST Like the title says, the property is on a newly developed golf course. There's but a few finished homes in the neighborhood. The rest are empty lots. The lots are selling at a 1/16th of the finished homes in the neighborhood. These kind of deals look like medium risk to high reward plays.. but I have no experience in RE either. What am I missing here.. this seems like it could be an flip for extra cash if I were to just hold onto the property until someone comes approaching or the other option may be building the property and selling. Any thoughts or advice would be great! [link] [comments] |
| Ideas to make a 2 acre lot of land cash flow. Posted: 25 Feb 2021 11:41 AM PST Today i was on Zillow. I saw a 2 acre lot of land for sale one town from me for only 15k. The add specified that the lot Is most likely not buildable. The entire lot is wooded. It looks a little muddy in some spots but for the most part it's just woods. This is stupid cheap in my area. I'm trying to think of different ways to possibly make it cash flow. 15k is like nothing. Anybody have any ideas? I was thinking maybe i could build garages for cheap an rent them to people to store high end cars, jet skis etc. Idk anything rent it to someone so they could grow pot or Christmas trees. Whatever the fuck they want. Any ideas anyone lol. Or am I off my rocker. Anyone ever hear of something like this. What are some possible put falls [link] [comments] |
| Just closed on some land in GA and looking for advice on development Posted: 25 Feb 2021 10:39 AM PST My partner and I are new to development. We've mostly been investing in buy and hold deals and some fix and flips. We recently purchased some land and are looking to do our first development. We'll need to sub-divide the parcel and figure out what is the best type of property to build. In terms of process, we're thinking we need to get a survey done, hire someone to help us with the zoning and permitting process, architect, and construction company. Are we missing any steps here? Does anyone have any advice? Thanks. [link] [comments] |
| Appraisals - are they coming in low in a seller's market? Posted: 25 Feb 2021 10:08 AM PST Hello, I live in the Bay Area and have noticed that two properties we were interested in sold for ~20% over asking price. I also noticed that appraisals are taking longer than expected to perform. I wonder if this is a sign that appraisals are coming in lower than the offer price which leads to a bit of back and forth with the appraiser to get the deal done or if it's just backlog. I ask because we are waiting on an appraisal to be completed and the appraiser has been not very communicative with the bank. Bank has noticed appraisals are taking longer than expected in the past 3 weeks and selling agent is getting irritated by the lack of communication from the appraiser. Personally I'm hoping it comes in slightly lower than our offer since we do have an appraisal contingency in place. [link] [comments] |
| New Landlord: How to set up pre-authorized debits? Posted: 25 Feb 2021 05:22 PM PST Today I became a landlord (triplex) I would like to set up pre-authorized debits for my tenants so that they don't need to drop off rent cheques every month ( i don't live very close to the property). How do I do that? Do i just talk to the bank? Is there a standard form for pre-authorized debits that my tenants should sign? Any help is appreciated! [link] [comments] |
| Posted: 25 Feb 2021 05:07 PM PST Hey everyone, would love some extra eye balls on this scenario: List price (was just decreased - been on market 76 days): $156,000 (3 bed / 2 bath - roughly 1,100 sq ft) 20% down w/ closing costs - roughly $34,700 It was just renovated & comes with new water heater/furnace and appliances. I live in Indianapolis and home's have been appreciating roughly 5%+ for the past several years (over 20% in some areas last year!). Ran some numbers and with factoring in 5% maintenance (off of rent) and also 5% for vacancy a month, and renting for $1,200 (trying to be conservative). With those numbers in mind, CoC returns would be roughly 11.45% or $331/month. Also, if the home appreciates 5%/year and I sold the property in 5 years, I'd be looking at roughly $31,153 profit (after real estate fee's of 6% taken out). My thought is with the cash flow totaling $19,860 for those 5 years + $31,153 (appreciation) - I'd be walking away with $51,013 profit ($85,713 with original $34,700 investment) or 147% of original investment. Am I thinking about this the right way? This is my first investment property so want to make sure I'm not missing anything worth considering. [link] [comments] |
| Posted: 25 Feb 2021 04:49 PM PST To make a long story short I'm currently working from home due to Covid. I wanted diversify and get start investing into real estate, preferably renting out either condos/studios. What is the best option for somebody who doesn't have 20% to put down or doesn't want to? Thanks [link] [comments] |
| Posted: 25 Feb 2021 04:05 PM PST I'm taking a look at rehabbing this house. I will definitely consult with a contractor but wondering if anyone has any idea if it's better to build up or build an addition on the back of the house and what type of costs this could be. [link] [comments] |
| Saturated/soft T1-11; how bad can it be? Posted: 25 Feb 2021 04:48 AM PST I'm looking at a property that is being sold as-is, with 2 potential issues; this thread is for issue 1. The property is a 2 story side-by-side duplex, building is about 2700 sq ft total. It's sided with T1-11, and clearly has not been properly maintained. The siding was saturated in many places when I saw it recently; bulging in some areas, soft in others, but still firm in some areas too. I saw no mold or soft walls or evidence of issues inside the building, but there had been some drywall work done (don't think it's related but can't be sure). Building has a 7 year old roof with new OSB. There is at least one chimney that may be slightly pulling away from the building, but it's hard to tell for sure because the siding is warped. I am either going to pass on this one or try to get a contractor out to give me an estimate on what this might cost to fix... but at a minimum I'm guessing the building will need someone to:
For a 2,700 sqft property that would otherwise cost approximately 300k in the northern mid-west in a medium cost of living area, any wildly rough ideas on what this might cost to fix, or how bad it could really be? EDIT: Photos: [link] [comments] |
| How do you figure out the repair cost of a vacant property sight unseen? Posted: 25 Feb 2021 09:59 AM PST On my block I noticed a 1 family home (4br 1.5 bath) that has been vacant for over a year. The house is boarded up. So I tracked down the owners and they live in another state. I would like to purchase to possible flip or hold.
I'm usually used to purchasing a home via a real estate agent. By the way I found out the owners purchased the house for $30k in 2020, and on Zillow the house is estimated to be about 235K. [link] [comments] |
| 1st time home buyer: Vacation home or single family home? Posted: 25 Feb 2021 11:56 AM PST New to RE investing. Ready to take a leap in NYC. Should I invest first in vacation home or single family home first? [link] [comments] |
| Posted: 25 Feb 2021 07:29 AM PST I'm usually on the variable mortgage side of things for the flexibility and stats that prove it's the better choice. I assume rates won't go up for a year or two but perhaps it's a good time to lock in a really low rate for 5 years.... though I may want to cash out refi this property before then. Thoughts? [link] [comments] |
| Cheapest way to transfer property in CA? Posted: 25 Feb 2021 11:03 AM PST I'm planning to transfer 2 properties to my ex wife. I am the sole person in both the title and the mortgage. We are talking w a bank now about getting her financing. She'll do fine qualifying on her own and there is over 50% equity in each house. Is selling the property at the mortgage balance the most efficient way to make this transaction work? Seems silly to pay a broker a percentage to do the paperwork. Is there someone like a title company that can do that all for a flat fee? Thanks for the feedback! Any referrals around the Bay Area also appreciated! [link] [comments] |
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