Real Estate Investing: Biden wants to limit 1031 exchange as part of his tax plan |
- Biden wants to limit 1031 exchange as part of his tax plan
- If the prices continue to appreciate resulting in near zero cash flow opportunities, what are your alternative investment ideas in Real Estate?
- What color/type thickness for the BEST CARPET and Carpet Padding for a rental with a big dog.
- Selling my rental to my tenant, am I missing anything?
- Building materials other than lumber
- Question for FHA/Conventional Loan
- Books on Real Estate Investing that are Specific to Condo Purchases?
- Multi family home FHA loan
- Purchasing my first property in CA
- Large Commercial Properties
- 2 properties, 1000$ a month cash flow, 20k in savings, how do I move on from here
- Humble beginnings and big dreams - stories of how you got started?
- Cheapest way to purchase Windows? I would be installing them
- Why do home owners use agents to sell homes in booming markets?
- Refinancing from 2.8% to 2.25% after living in home less than a year, worth it?
- Receivership and Foreclosure
- Does Skip Tracing work for new houses that aren’t complete?
- First Time Investor!
- Househacking in Orlando !
- Writing off losses
- What was your first step into the world of real estate? What type of property?
- Any problems with slab properties vs having a basement?
- How are you doing with wholesaling real estate in your city ? I am located in Las Vegas and it is no longer good
| Biden wants to limit 1031 exchange as part of his tax plan Posted: 28 Apr 2021 09:11 AM PDT I don't think this is entirely unreasonable but it will also effect my exit strategy. https://www.bloomberg.com/news/articles/2021-04-28/1031-exchange-biden-pushes-to-end-real-estate-investment-tax-break [link] [comments] |
| Posted: 28 Apr 2021 04:33 PM PDT If the current trend of market appreciation continues, there would be an eventual point of no cash flow properties (we are almost there in most markets).. When that happens, what do you guys think would be a better alternative strategy investing in Real Estate ? Would you then start buying properties hoping just for it's appreciation, which is generally considered not a sane idea in this sub, even though it negative cash flows ? [link] [comments] |
| What color/type thickness for the BEST CARPET and Carpet Padding for a rental with a big dog. Posted: 28 Apr 2021 09:34 PM PDT I was originally planning on putting all vinyl flooring, but this area leans towards carpet and the house is old, so it hides a lot of the imperfections, I'm guessing because of the colder weather, ppl like carpet more. Fine... I need something that you can't tell is dirty and works with a Big Dog. Currently we are doing the renovations and living in it and we have a St. Bernard and kids, while doing the fixes, they will be there. Will be selling to ppl who probably will do Section 8. So I don't really care about style, just functionality. Also, what is the best thickness for Carpet padding? [link] [comments] |
| Selling my rental to my tenant, am I missing anything? Posted: 28 Apr 2021 05:07 PM PDT Considering selling my rental to my tenants and they are interested. They've been there for many years and love the place, I have a connection that can draw-up all the paperwork, so no realtor needed, I benefit through not having to have them leave, then clean it and sell it, it's in a different state than I am. I'm looking to take advantage of the sellers market now, then hold the cash and reinvest later when prices drop. I'll lose out on 1031, but I I think I'll save more reinvesting when it's a buyers market in a year, 2 or three. Any thoughts or things I am missing, should be cautious of or benefits that you see or have experienced? Thanks! [link] [comments] |
| Building materials other than lumber Posted: 28 Apr 2021 10:18 PM PDT As we all know, lumber is as expensive as gold right now. What other materials can be substitute? For example, I know you can use steel studs for framing; steel and trex for decks. Anything else I should know? [link] [comments] |
| Question for FHA/Conventional Loan Posted: 28 Apr 2021 07:48 PM PDT Hello I am currently a sophomore at a university majoring in computer science. I won't be graduating until 3 more years and would love to buy a SFH in my town and either house hack with an FHA loan or get a conventional loan so I can start building equity while I am young. My family can give me a loan of $20,000 but the only problem is I don't have long term work experience but I just got hired at HEB and they pay $14.50 and I plan on working there 20 - 25 hours a week. I am wondering if I keep working part time and establish a year or employment. Would I be eligible I get an FHA Loan and borrow $20,000 from my family and buy a home to house hack? [link] [comments] |
| Books on Real Estate Investing that are Specific to Condo Purchases? Posted: 28 Apr 2021 06:44 PM PDT Hi Everyone! I have taken a recent interest in making a condominium purchase and I plan to start diving into the grunt of it in about a year. In the meantime I want to do my due diligence. Does anyone recommend any books or resources for me to find condo-specific real estate information and tips? Thanks! [link] [comments] |
| Posted: 28 Apr 2021 05:29 AM PDT Hi everyone, I'm trying to get into real estate investing and I've done my research but a question came up in my head I was wondering about. I've never bought a home, can you buy a multi family home with an FHA loan and get first time home buyers perks? Such as no down payment. Thanks! [link] [comments] |
| Purchasing my first property in CA Posted: 28 Apr 2021 07:51 PM PDT Greetings! I'm from the Bay Area and am looking to get into a duplex to house hack. After the initial year (using an FHA loan) I'd move back into my parents rental to start the process over. However, and I know this is probably common, but I'm seeing that these properties are producing cash on cash returns of about 1-3% in year 2 and then slightly increasing thereafter. What are the main areas of concern in these situations? Should I not touch anything that gives me less than 10% COC return or is anything positive cash flow OK in the bay area? [link] [comments] |
| Posted: 28 Apr 2021 07:33 PM PDT I'm curious what your thoughts are. I am a residential real estate investor. I'm watching large corporations announcing that part or all their staff is transitioning permanently to work from home. Large commercial buildings are sitting empty. What do you think will happen with these? Is there enough commercial demand to keep them selling or is this pandemic a market crash for the commercial market? [link] [comments] |
| 2 properties, 1000$ a month cash flow, 20k in savings, how do I move on from here Posted: 28 Apr 2021 01:38 PM PDT I've purchased 2 properties, the first for 170k, cash flowing at 350$ a month, current value is 200k. Second property I purchased I'm currently living in but once I move will cash from around 750 a month. Purchased 175k, current value 220k. Both properties were finances through VA loans with 0% down. I have about 22k saved right now. I'm all out of VA loan benefit and am wondering how I'd go about on a 3rd property. This would be the big step for me because it will be my first property purchased without living in it first. I'm not sure how to finance or move forward. [link] [comments] |
| Humble beginnings and big dreams - stories of how you got started? Posted: 28 Apr 2021 08:35 AM PDT I'm not the most well off financially, but I get by. Wife and I just had a baby, and I'm the only one working, although she's started a business just recently and it's been slowly picking up. Make about ~$75k annually off of salary job, and do some side gigs such as delivery, furniture flipping (not as much as I'd like to) and other smaller things around fitness. We've been searching for some time, and haven't been successful. We've primarily been looking at rent or move in ready properties. We've put in a couple offers, but have been beat out each time with people offering 25k above asking price everywhere. I've been thinking about the BRRR method and looking more at fixer uppers - advice from real estate agent to reduce the competitive bids. With my time invested in work and being the sole provider (hopefully not for much longer) for the family, I'm trying to gauge the reality of taking on a fixer upper as a project. Would love to hear stories of your first property(s) and whether you went with a move in ready or BRRR/fixer upper. tl;dr: Starting out, unsure of difficulty juggling work and fixer upper. Looking for stories on fixer upper and move in ready start ups in real estate investing. Edit: Just adding in additional info on what we've been looking at for properties. Price range is $140-175k properties, 3br 1-2ba. We've been putting in offers 5k above asking and in some instances at or below asking price due to amount of issues with property. [link] [comments] |
| Cheapest way to purchase Windows? I would be installing them Posted: 28 Apr 2021 10:03 PM PDT If anyone knows an option, maybe a secret word to use to buy the cheapest windows? Maybe certain stores are cheaper than others. Any help would be great because the windows in this reno are old and not very functional (don't open or close well, wood instead of vinyl, single pane at best, or just glass, I can't tell, they are super old). TIA [link] [comments] |
| Why do home owners use agents to sell homes in booming markets? Posted: 28 Apr 2021 08:48 PM PDT What are the challenges of selling the house by yourself? [link] [comments] |
| Refinancing from 2.8% to 2.25% after living in home less than a year, worth it? Posted: 28 Apr 2021 08:37 PM PDT Recently was approached by my lending company if I'd be interested in refinancing my current home with a lower interest rate. Refinancing would drop my monthly by $200, not huge but still something. I'd have to front $6,500 to do so which I'd recoup in less than 3 years. Question is, if this is a midterm (10-15 year) investment property which I foresee having renters in that time, is the juice worth the squeeze? I'm pretty new to this so I'm asking for advice from the Reddit crowd. I'll be getting some credit back as well. Nothing crazy. [link] [comments] |
| Posted: 28 Apr 2021 07:24 PM PDT Hello Reddit, I'm second position pursuing a foreclosure. I was advised that I can use a receivership to mitigate risk on the property. Can I act as the receiver? What is filed in court to grant this? [link] [comments] |
| Does Skip Tracing work for new houses that aren’t complete? Posted: 28 Apr 2021 02:04 PM PDT There is a new house a couple miles away from me that is not completed yet. It has been in the same state for over a year now. This is in an A neighborhood with houses upwards of 500K. I find it odd that this new house is not yet completed after over a year. The housewrap that used to be fresh and white is now gray and weathered looking. I wanted to see if I can find out who the owners are and see if they would be willing to sell to me. [link] [comments] |
| Posted: 28 Apr 2021 09:05 AM PDT Hi there! I've just submitted an offer on my first investment property and I could not be more excited! 4 unit property (one 3 bed/1 bath, two 2 bed/1 bath, one 1 bed/1 bath that I will live in, detached garage and split storage area in basement) listed for $445,000 and I offered $425,000 and am putting just over 7% down ($30,000, FHA loan). The 3 bed is currently rented at $1,800, the two beds at $1,550, garage for $300, and the split storage area in the basement is available to tenants for an additional $75 per month. This means my maximum potential rental income per month would be $5,425 while my monthly payment (including property tax and mortgage insurance) would be about $2,900, bringing my maximum potential monthly profit to $2,525. Aside from landscaping, pest control, general maintenance, repairs, and any utilities I offer to pay, what are some other unexpected expenses you learned about the hard way with your first investment property? Give me the good, the bad, and the ugly. I want to hear it all! [link] [comments] |
| Posted: 28 Apr 2021 04:32 PM PDT Currently planning to FHA loan with a 790 credit score and 34k deposit in cash for a 84k 3 bedroom condo to house hack. I don't make consistent income. What will rates look, also will I be able to get a superior FHA loan since since I have high credit? Who should I speak to? Or where should I start? [link] [comments] |
| Posted: 28 Apr 2021 03:48 PM PDT I have questions about taxes.
[link] [comments] |
| What was your first step into the world of real estate? What type of property? Posted: 28 Apr 2021 03:43 PM PDT I'm looking to start with my brother and have talked to older family members and it seems like it was easier to start "back then." Just curious what was everyone's start? Would you change what you did? [link] [comments] |
| Any problems with slab properties vs having a basement? Posted: 28 Apr 2021 03:36 PM PDT I'm in the northeast and most places have basements - which can have their own problems! But I've never dealt with a place that just has a slab. My concern is getting to plumbing or electrical that might encased in the slab. How often are there problems with it? Especially in winter. If it's vacant for a month or so in cold weather, does the water have to be turned off? Any other situations I should know about or be concerned about. I do have one seasonal property and it's just shut down in the winter, no slab, but a crawl space so working on plumbing and gas lines is not problem. My interest would buying for an investment to rent out. [link] [comments] |
| Posted: 28 Apr 2021 02:40 PM PDT Sellers want way too much making profit margins $2k-$3k very very little [link] [comments] |
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