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Real Estate Investment Property Knowledge Base
Can I use an accelerated depreciation schedule for residential real estate investment property? I understand that I will need to use a 27.5 year lifespan for residential real estate investment property, but it is unclear whether I have to use straight-line calculation or not. I seem to remember there being an accelerated depreciation schedule available for 27.5 year lifespan property in the past, but I cannot find it on the IRS website now. Any help would be appreciated. Thanks.
Has anyone ever heard of getting an SBA loan for the downpayment of real estate investment property? is it possible? is it permissible? i want to buy a plex and on the verge of closing a hardmoney loan to get it, i have the score for conventional stated just not the downpayment required. I have a real estate investment LLC, would it be possible to get an SBA loan just for the downpayment in order to get me started. any all tips welcome. thanks
What options are there in paying capital gain taxes on real-estate investment property? I am selling 3 acres of land for a substantial gain and would like to avoid paying 30 percent of my selling price in capital gain taxes. Are there tax breaks that allows for reinvesting without taking a big hit in taxes?
Buying first investment real estate property? Hi. I'm getting ready to by my first residential real estate property. However, I had two questions. I'm looking for a long term investment that will generate a nice stable cash flow, do you think it would be best to purchase a single unit home, a 2 to 4 unit complex or a property unit of more than 6? ?? Also, should I focus on breaking even and continuing to work full-time or quiting my current job and trying to make a profit?? Thanks for all the help!!!
Regarding real estate investment property, why would a seller report such a high replacement reserve? What happens to the balance of the replacement reserve when selling income property? What percent of gross rental income is typically added to the replacement reserve account? Since the replacement reserve contributions in year 1 are tax deductible, are they tax deductible when used for actual repairs in year 2? Thanks for the help.
Real Estate property investment? I have 2 interest mortages for 2 houses that I'm currently deducting on my schedule A . I also have a third house that I'm holding as an investment, I'm not renting the third house so can I deduct it in schedule E?
If I don't gain anything from depreciating my real estate investment property (rental), what happens? Right now, my wife and I make more than the maximum amount allowable to be able to write-off any real estate losses (including depreciation) on our taxes. So, my question is best stated through an example, as follows: Say I buy an investment property (rental) for 100K. For this example, let's assume that the land is 0% and the structure is 100% (I know not realistic, but stay with me). The depreciation would be on 100K over 27.5 years = ~$3600/yr. Say I own the property for 10 years, so my total depreciation write-off would be ~36K. So now my basis is now 100K purchase price minus 36K depreciation = 64K. Say I sell for 200K. I understand that my taxes on the sale would be as follows: - I would be taxed on 100K of "appreciation" taxed at 15% - I would also be taxed on the 36K depreciation recapture at 25% My question is, if I never get to "use" that depreciation on my taxes because I make too much money for the 10 years that I owned the property, do I still need to pay the recapture, or does some magic happen? I hope this makes sense! Edit: Thanks Wayne Z! A clarification question to your number 2: In my example, I'm assuming that the losses are deferred until I sell and that my income doesn't drop below the limit until after I sell. If I have the 36K in depreciation (i.e. "losses") at the time of sale, how does this factor into the sale? So, looking at your answer, you say "...deferred until you sell the property...". Once I do sell the property, what happens to all of the deferred losses? I apologize for my ignorance!
Real Estate property Investment? I have 2 interest mortages for 2 houses that I'm currently deducting on my schedule A , one is my primary home and the other one is a second home. I also have a third house that I'm holding as an investment, I'm not renting it so I was wondering if I can I deduct the mortgage of the third house in schedule E?
Is Turkey property a good overseas real estate investment? We are thinking of buying property for sale in Turkey. Our property search in Turkey may include villa, apartment and land properties for sale in Belek, Side, Alanya, Antalya, Kemer regions. What region is better for buying investment Turkey Property and is buying a turkey villa or turkish apartment for rental worth the while.
What is the best way of investment in Real estate and Property? What is the best way of investment in Real estate and Property?
Can someone suggest good real estate investment properties in Hosur (Close to Bangalore), TN, India ? Hi, We are planning on buying some good property in Hosur as an investment. The main reason we picked Hosur was that it is close to Bangalore, but still in Tamilnadu. Many people guess that Hosur is developing as major IT Hub. Do you think it is a good thing to invest in Hosur and do have any suggestions for properties in Hosur ? Thanks
Can bank financing be secured to buyout a partner in investment real estate property? My mother and uncle (her brother) inherited an investment property. This is not a rental property, but the property will have considerable worth upon its sale. If my mother wanted to buyout my uncle's share today with the intent to sell within 3-6 months, could she secure financing from a bank for this purpose? I assume we'd have to prove to the bank that the property would be profitable (in this case, upon its sale). This is raw land with lake frontage. It is the only raw land on the lake. We have been approved to divide the land into 2 lots (my mother and uncle will divide the proceeds from each 50-50). There is 100% equity, as it was inherited (and we got the cost-basis step up too, which will help with taxes if we don't use a 1031 exchange to purchase a new investment property).
Real Estate Investment – Property Insurance: Contact Insurance Broker? What to tell current Insurance Company? Hi All, I have a great Insurance Group discount on my rental properties thanks to my previous employer having an agreement with a large insurance company in Canada. Now I no longer work there and I am no longer an employee but rather a full time real estate investor. (The properties I own and I are in Canada). My questions are: 1. I did not have a chance to call the current insurance company yet. should I do that ASAP to inform them of my new (non) employment status or in order to avoid a Big increase in insurance premium should I just start looking for another company who might provide similar prices especially if I tell them about the current discount I'm getting? Also, am I risking Penalty or something for not telling the insurance company about my new employment status earlier or will they not really care about it that much especially since I had no claims anyway so far? Who should I ask to speak with from that big insurance company if/when I call them? Underwriter, certain department manager, etc.? 2. Are there Insurance Brokers specializing in finding the best insurance deals/companies for you just like there are mortgage brokers for financing or does it not work this way? THANKS, Neil
Question about loans and taxes on real estate investment property? I own an investment property that I paid of 39K. The property is worth 60K giving me a loan to value of 65%. If I take out a second loan on the property to do some repairs for 9K giving me a total loan to value of 80% ((39K + 9K)/60K) of the value and then sell the property for 52K, what do I pay takes on? Is it the difference of the sales price of 52K minus loan 1 of 39K or is it the difference of the sales price of 52K minus loan 1 of 39 K minus loan 2 of 9K? Thanks Alex in Memphis, TN
Are Dubaians interested in US real estate investment properties? I was just wondering if Dubai or the UAE in general is a good place to find cash buyers for US real estate rental properties that offer super low purchase prices and high monthly incomes? I understand there's lots of disposable income in the country.
Is anyone interested in becoming part owner of a Real Estate Investment property in Ashland Ohio? I am looking to purchase either a Quadplex or a Triplex in Ashland Ohio as an investment property using FHA's first time home buyer program.Because I am going through FHA.I will have to live in one unit myself and then I will rent out the other units.FHA.offers a very low interest rate and is perfect for me getting into my first property. I am looking for anyone who is interested in co-signing on the deal.I am offering 25% ownership of the property meaning that when I sell the property that person will recieve 25% of the amount it sells for.Is anyone interested?
What websites are good for listing real estate investment properties? I own a few houses that I rent out and am wanting to sell them to investors. I am needing to know of websites where you can list these types of investment properties for sale. Any help would be appreciated. Thanks
Can significant renovation expenses offset taxes on real estate investment properties if sold less than 1 year example: purchased for 70,000. renovation costs of 7,000. sales price of 125,000 six months later. If I hold this property longer than one year, will this make a difference?
What determines the price of property in real estate? What properties are best suited for investment? How do I minimize the risks involved in buying real estate as an investment?
Buying first property/ real estate investment, advice please? Land or Condo? Im contemplating buying my 1st property in 2009. I am in a serious dead-end between choosing a Condo in a densely populated, high night-life, downtown city, waterfront area ....or....leaning towards a house in a more rural area with more than a handful of acres. Assuming both of which would be the same price after pricing and taxes and insurance, which would be the better longer-term investment?
which is hot real estate investment-commerical or residential property in mumbai?is new panvel hot destination? The hottest commodity in the Indian economy today is investment property. In Mumbai, property
are there ways to purchase real estate property for investment purposes with bad credit and no cash????? i am interested in buying my first property of what i plan to be the first of very many properties but i need to know how to cross this first obsticle of having bad credit and no cash. i am not being short sighted or cheap i am genuinely looking for ways to get my first property and i will rapidly move forward from there.
Can i legally collect a real estate commission on an investment property I purchase for myself? I want to buy a few properties as investments and I am a licensed real estate agent. I am legally allowed to collect a commission for managing that purchase transaction even though it is for myself?
Is it possible to make up 40 to 50% profits on an investment/real estate/properties and how long does it take? I am from France and wish to invest in U.S. More questions below, thanks much. If it is not the case, what would be the commissions taken by the intermediaries? Is it needed to prove the provenance of the funds? If yes, is it as complicated that to invest with a federal trader?
investment property financing - investment property financing in real estate? What is the link between investment property financing and real estate?
Looking to invest my money in property. Does anyone have knowledge about overseas real estate investment? Can someone suggest me about the place where in I can invest my money. Looking forward to invest in Real Estate overseas?
Where would I find Real Estate, Property Investors to invest in an investment in North Carolina Rental House? I have been networking, posting, etc. endlessly. What and where is the best place to put my great Real Estate Deals in front of Property Investors with their contact information listed? It can be from Investors that invest Nationwide here in the USA or locally in North Carolina. Thanks and May God bless and keep you always~ Thank you to the three people who have already posted with an answer. Michelle4Funding, I would like to contact you. Can you please send me an email ksinclairstewart at yahoo or change your profile choices on yahoo questions to where you can recieve an email or IM. Thanks so much!
401(k) vs. Real Estate Investment Properties? QUESTION 1) What would provide the greatest return? A) Investing $15,000 in 401(k) annually (the max. allowed) B) Purchasing relatively cheap real estate properties with ~20% down payments every 1-2 years and renting said properties out to cover mortgage payments and provide a small monthly profit C) Investing 6% in 401(k) to gain 50% company match AND investing in rental properties above every 2-3 years. QUESTION 2) If options A and B were the only choices, what would provide the greatest return?
I'm looking for a few answers in the investment property real estate realm....? Ok, I've been looking at some properties I am thinking about buying but I have a few questions. I have yet to contact the broker and ask him these specific questions because I wanted to come here first. My 2 questions are: 1. What is cap rate? The property I am looking at has a "Cap Rate" of 11.01%. Is a higher or lower Cap Rate better? I've seen them vary from like 4% to 12% but I don't know exactly what that means. 2. What is Annual Debt Service? I know this has more to do with the actual loan I will be needing for this property but what is it in relation to the grand scheme of things? How is it calculated? Here is the property so see the details if necessary... http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=15400056&SearchID=336557013&SearchResultID=336557013&ResultCount=9&PageNumber=1&ItemIndex=3&PageSize=20&OptionType=Search&PgCxtGuid=18b1d233-04a1-4358-8a0d-197e98362bd3&PgCxtFLKey=&PgCxtCurFLKey=SavedPropertiesFS&PgCxtDir=Down
Has anyone heard of the large real estate investment companies that have you find the property but they buy ? I have run across large investment companies which state that they will use their money to buy a rehab that you found. Once you oversee the repairs and marketing, and the house sells, they share the profits with you. Has anyone else heard of this? Are these companies legit?
Eagle Properties, a real estate investment and sales firm, presents a form contract to its customer Floyd, who? Eagle Properties, a real estate investment and sales firm, presents a form contract to its customer Floyd, who wants to buy a certain quarter acre of land in a proposed housing subdivision that Eagle, is marketing. Eagle does not pressure Floyd to sign a contract, but offers its form on a take-it-or-leave basis. If Floyd signs the form, is it enforceable?
How do I find the ROI on an investment property? I just acquired my first real estate investment property, and I am wondering if someone could provide me with the formula to calculate my cash-on-cash return (ROI)? Send me an email if you need more information, or if you need me to provide you with the numbers.
How does real estate investment trusts work? What are real estate investment trusts or REITs and how do they work. Is there some law that give these trust some tax efficiency status and how can investors invest in these REITs. With the real estate market in the US the way as it is, is it a good time to invest in the property market through real estate investment trusts. What kind of people manage these funds or trusts and what are their typical return on investments?
How do you get a local real estate investment club to learn about your house for sale? I have a house for sale at an excellent price, no realtors involved, and want real estate investors to take note. How can I persuade the person in charge of our local real estate club to distribute my e-mail regarding my property? They get solicited all the time, I'm sure. I already e-mailed my property offer and photos to the generic property investment club e-mail address, is this enough? Will they distribute it to all of their members?
Where is a good place to get a loan for an investment property with no money to put down? I am very interested in buying a real estate investment property for about 130 k. I am 21 years old and make about 25-30k per year. I really dont have much money to put down. Has anyone ever done something like this before and who would you recommend?
What is the substitute of real estate investment? Real estate is a legal term that encompasses land along with improvements to the land, such as buildings, fences, wells and other site improvements that are fixed in location -- immovable. in some situations the term "real estate" refers to the land and fixtures together, as distinguished from "real property," referring to ownership of land and appurtenances, including anything of a permanent nature such as structures, trees, minerals, and the interest, benefits, and inherent rights thereof. The real estate industry has taken the world by storm in the last decade or so. The large amount of constant upheaval and rapid changes that this sector has seen has had a considerable bearing on the world as well as local economies The real estate is such a large term as defined above ,so i want to ask is there substitute of real estate investment ? http://www.capitalareahomebuyers.com
Why property or real estate considered as an investment? I want to know the details about what the property characteristic which can considered as an investment.
Real estate investment information? I'm 20 years old and I'm looking for sources of information for buying real estate properties and renting them out. I've read many books and purchased many programs on the subject, but am looking for the complete deal. With subjects such as insurance, property management companies, loans, etc... I need a really technical resource with not a lot of fluff. The real meat and potatoes of the business. Thanks for the help. Where do you find a mentor?
What is usually true of the effective tax rate for real estate income property investments? A.It is less than the investor’s actual tax rate. B.It is more than the investor’s actual tax rate. C.It is not affected by the investor’s actual tax rate. D.It must be equal to the investor’s actual tax rate.
Can you suggest a good real estate investment book? I currently own 6 investment properties, three of which I bought REO, rehabbed them, and converted them to rentals. What books do you suggest reading to further my breadth in real estate investing. I'm looking for the next step to build and strengthen my company. Thank you.
What is the best way to start in real estate investment and acquire properties fast? I want to start investing in real estate. I have around $20,000 cash to start with. I am 37 years old now. I would like to know how I can take that $20,000 and invest it to be able to buy second, third, properties and so on. I don't want to be paying a note on a property for 10 to 15 years before I can purchase another piece of investment property. Is it best to invest in multi family, single family, or commercial properties and why? Is it best to invest in forclosed, distressed, or new properties and why? Is it realistic to do like the guys in the TV show "Flip that House" starting with $20,000? If so how can it be done? Finally, If anyone has any good resources with information such as websites, books, etc., please give me that info also. Thanks for your help.
Where is the best place to go for a real estate investment loan in FL? I'm looking to buy a property and I don't have much to put down, what kind of finacial requit\rements do banks usually require to purchase investment properties?
How should profits be split on a 3-way real estate investment? I am involved in a 3-way investment on a rental property and we are being forced to sell because of a DOT project. Our profit on this property will be approximately $75,000 and we need to figure out how to split this up. Being close family members, we weren't too concerned about figuring this out we bought the property. I would really appreciate any suggestions from real estate investors experienced with partnership investments like this. Here are the figures for the capital and work/mangement invested by each party. Investor #1: Invested $150, 000 by taking out a regular home loan. Lived at the property and payed "rent". Did 85% of the maintenance, improvements and rental property management. Investor #2: Invested $75,000 from a home equity line of credit. Did 0% of the maintenance, improvements and rental property management. Investor #3: Invested $25,000 from a home equity line of credit. Did 15% of the maintenance, improvements and rental property management. Thank you!
what are the ways to promote your real estate business without investment or little investment? i have newly started a real estate property business.kinly help me to grow by letting me know the ways to get maximum leads.
Paying back a real estate investment loan? I have just bought a piece of property to update/repair and sell. The cost was a little over 100K and should sell for close to 140K. My loan is for Cost of house + updates. I have kept a little money aside for back up, in case it takes longer to sell than I think. I have done this once before and paid the loan off in full once I sold the house and used the profit on that to use as a down payment for this house. On this loan, should I pay it back in full or should I pay minimum payments on that loan so I will have more money(1031) to put into a new investment property(flip)? Is there any advantage to either? Are there any other loan pay-back strategies that I might consider?
can my de facto boyfriend claim half of my real estate investment? i've living with my boyfriend for over 3 years and i am thinking about purchasing an investment property under my name only. If we break up will my boyfriend be able to claim half of the property? i live in Australia by the way.
Is Turkey property a good overseas real estate investment? We are thinking of buying property for sale in Turkey. Our property search in Turkey may include villa, apartment and land properties for sale in Belek, Side, Alanya, Antalya, Kemer regions. What region is better for buying investment Turkey Property and is buying a turkey villa or turkish apartment for rental worth the while.
Real Estate Investment Short Sale Tax question? Selling an investment property on a short sales but am required to sign a promisary note for the difference, approx $50k, am I amble to claim as a deduction on my federal taxes?
Who is a good reputable real estate agent in QLD (Robina area) to manage an investment property? I am currently with a real estate up there that is not doing a very good job, and am im with Robina Realty and they arn't much better and was with Ray White they are horrible.. I feel they are all rip offs and scammers anyone with decent company plz help us!!??
yield rate of real estate investment in united states? we have business that we introduce foreclosed properties in japan. now,we can get about 7 percent of yield in real estate investment in city area. but we know that yield of national bond of united state is around 7 percent. if this is true, american people will not invest in japanese property. because, you can get 7 percent by safer investment in national bond. if this is true, you do not have to take risk in japanese property. is this true that you can get 7 percent from safer investment ? Or investment in national bond of united states is risky than investment in japanese property ?
Real Estate Investment? I am looking for a good website where i can find the appreciation chart of real estate properties in CA. If any of you know a good website where i can go there and search the property's history, condition, how many times it has been sold, how much it was appreciated over the years and so on. I am a real estate agent and my stratagy is to help people to invest their money in real estate since that's the only way to wealth and want to find a good website to teach me more about the particular property so i can be confident with my clients that i am doing a right things for them. I will appreciate any comments, suggestions, advices, books, websites, newpapers, anything i can use to gaine more knowledge about real estate. Thank you all
Real Estate Investments - should I hire a property management company or ask one of the tenants? to help with maintenance issues for a fee say $100 a month instead of hiring a property management company? (I will take care of rent collection in both scenarios) it's a 4-plex in a city 4 hours north of Toronto where I live. What makes more sense? THANKS.
real estate investments profits protection? what is the best way to keep most of my profits when selling real estate investment property. (minimizing taxes and such)
Business loan? Real estate property investments? what i want to do is get a loan to cover down payments, working capital for rehab,upgrades and defaulted rent. Time frame to keep properties is 3 yrs. I need at least 250000 to 1 million. I am willing to pay 10% yearly interest. Since I am not paying in full for the house it is not a secured loan. What is the best type of loan,line,card. etc to get to raise funds. After I purchase a a few houses I can get investors to payoff everything in about a year or less with the equity in the portfolio. I am most interested in interest only Business loan-is that possible. Perfect credit, Business currently own is dental office gross $1.8 million yearly, $350k net yearly 5 yrs open. No assets, not a home owner. What is the best way to raise capital;get a loan, without collateral without being a secured loan. for this or other purpose. Creative financing ideas would be helpful, Please.Thank you.
Real Estate Investment – Property Insurance: Contact Insurance Broker? What to tell current Insurance Company? Hi All, I have a great Insurance Group discount on my rental properties thanks to my previous employer having an agreement with a large insurance company in Canada. Now I no longer work there and I am no longer an employee but rather a full time real estate investor. (The properties I own and I are in Canada). My questions are: 1. I did not have a chance to call the current insurance company yet. should I do that ASAP to inform them of my new (non) employment status or in order to avoid a Big increase in insurance premium should I just start looking for another company who might provide similar prices especially if I tell them about the current discount I'm getting? Also, am I risking Penalty or something for not telling the insurance company about my new employment status earlier or will they not really care about it that much especially since I had no claims anyway so far? Who should I ask to speak with from that big insurance company if/when I call them? Underwriter, certain department manager, etc.? 2. Are there Insurance Brokers specializing in finding the best insurance deals/companies for you just like there are mortgage brokers for financing or does it not work this way? THANKS, Neil
Real Estate Investment? I am looking for a good website where i can find the appreciation chart of real estate properties in CA. If any of you know a good website where i can go there and search the property's history, condition, how many times it has been sold, how much it was appreciated over the years and so on. I am a real estate agent and my stratagy is to help people to invest their money in real estate since that's the only way to wealth and want to find a good website to teach me more about the particular property so i can be confident with my clients that i am doing a right things for them. I will appreciate any comments, suggestions, advices, books, websites, newpapers, anything i can use to gaine more knowledge about real estate. Thank you all
Real Estate Investments - Properties Insurance Dilemma/ISSUE!? Hi, 6 months ago I stopped working for a company I used to work for. The problem is I got a Great Discount from an insurance company BASED on the fact I am working for this big company. Now I am a little worried that if I call the insurance company to tell them i am no longer an employee there, there will be penalty for telling them about it only now! How should I tell them about it? I have/had no claim by the way and the insurance is for real estate properties (rental Business). I just don't want them to update I lied or something and then i will not be able to get insurance at all, not even from other companies or at least not for a good price - that is my main concern. Is it better to come to their office to explain the situation instead of calling!? Any advice how to avoid negative consequences in this case would be highly appreciated! THANKS.
Egypt Real Estate Investment | Buying Properties in Egypt ? I am looking for a good Egypt Real Estate Investment. Does anyone recommend a company with a good track record and information on buying properties in Egypt? Please provide me with the website URL so I can do my own research and make a decision whether to make a real estate investment in Egypt. Thanks, Ryan
Where can I find a good Cape Cod investment real estate agent? I am from out of town and I am looking at purchasing some investment properties in Cape Cod, MA that I can rent out to tourists. The rental business seems to be doing very well in Cape Cod.
Who has used the MyHouseDeals.com website to find real estate properties to buy? I saw a site called MyHouseDeals.com - they claim to provide real estate investment leads. Has anyone tried this service?
What all can you write off on an real estate investmnet property owned for 6 months? Can anybody send me a link, also as a michigan residents, what will my take rate be for capital gain taxes. I will make 50,000 this year from my job and 180,000 dollar profit off of the investment property.
Are property taxes on raw land deductible for a real estate business on form 1065? I am filling form 1065 for my LLC which is a real estate investment and service company which currently holds raw land that is valued at approximately $1 Million. We have paid $10,000 in property taxes in 2008 and was wondering whether this expense would be considered deductable as a business expense?
Is this a good time to make a real estate investment? Hi there - My husband and I got a home equity line of credit a year and a half ago for the purpose of investing in a rental real estate property. We live in a state with pretty high home prices, even in this current market, so with the amount we have available to us, we would only be able to afford to buy 1 home locally to rent out. But after adding up all the extra costs we would have, the income we'd be getting from rent would only make us break even and wouldn't be worth it. There is a vacation town near us in the mountains that has attractions all year round, skiing, shopping, hiking, fishing, water fun, etc. And I was looking into maybe purchasing a vacation rental there. I found a property there we can afford. I called around to places that manage rentals of similar vacation homes. It seems comparable properties make between $28,000 - $29,000 a year -- this has the potential of being more profitable for us than a rental home, where there is month-to-month rent. Even after using all the funds remaining in our equity LOC, we'd still have over 50,000 of equity in our home. But I'm afraid that with things being the way they are, the funds will soon no longer be available to us because of the banking situation. And with mortgage rates so low, it seems like now is a good time to jump on this opportunity. Yet, with a vacation rental, there's not a steady income like there would be in a rental home. And with the economy being the way it is, there is a risk that not as many people will be taking vacations here in the near future. So, what do you think? Should we do it? Or let this opportunity pass us by, for now? The home prices in the area right now start from the high 200's to the millions (I think the highest listing I saw on there was 2.25 million). I don't know how high they became during the boom, I'd have to ask my realtor to look up sold properties on the MLS for that info. Another real estate investor I talked to last week said the home prices in the area went up 17% last year.
How to be Real Estate Investment Group and how can I get Started? I want privately held investment and real estate companies engaged in the acquisition, development and management of select real estate projects and selected business opportunities. I want to developed over 4,000,000 square feet of urban real estate including office, hotel, retail, town-home and commercial parking properties. How can I get started? Thanks
Is it a good idea to buy a real estate property now during recesion? I am planning to buy a property as an investment and rent it out but not sure if this is the right moment. Are the values after recesion going to go up or down?
How do I get into real estate investments through foreclosed properties with no money and bad credit? I am looking into real estate foreclosures in oklahoma and they it seeems interesting.The bidding starrts at 2/3 of what the assessor thinks the house is worth but the market valuse of the house is usually higher than the assessed value so there is equity from just buying the house in foreclosure.But i have no money and very bad creit can you tell me the best way to get started.
How do I purchase Real Estate with funds from an IRA? I understand that it is legally permissable to purchase investment real estate (not REITs, but real property) with funds held within an IRA. If I have an IRA at a brokerage company, how do I go about doing this? Also, are there limitations? Lastly, if payments are made by a tenant in this property, do the rent payments get deposited into the IRA in the same way that a stock or bond pays a dividend that gets deposited into the IRA? I did a little research and found a site that indicates that there is a substantial difference between having a "Self Directed IRA" and a "Self Directed IRA LLC", the latter not requiring you to "get permission" for every single transaction or thing done with the real estate. Further thoughts on this? http://www.myrealestateira.com/faq.html
starting a Real Estate investment group? I've been working as a Realtor for about 7 years now and I'm considering starting a real estate investment group. What's the best way to get started? I'm mainly interested in aquireing rental income properties. Any information on financing would be extremely helpful. Also, is it better to manage your own properties or have another company do it? Thanks in advance for your response.
Calculating total percent gain on real estate investments? Does anyone have the formula to calculate the percentage return on a real estate rental property that takes into account: Monthly income, monthly expenses, property appreciation, mortgage interest rate and the IRS tax depreciation?
Are townhomes a good real estate investment? I wanted to know if townhomes are a good real estate investment. I've heard mixed reviews from different sources. For instance, I've heard that in a bad market, these types of properties depreciate the most. I also heard that they are harder to resell and get the full value out of them. Does anyone have any experience with this?
What can i do to improve or make sure this real estate investment plan works? My LLC is alreaady set-up and right now im just learning the basics of real estate as a whole. I have a written plan that i really like. I'm thinking about buying a slightly distressed property that's located in a good location. My ideal property is a 2-4 unit. Every property i plan to acquire will be for the long term so while these units are being rented i'll make improvemnts to boost of value. Now, i have tenants paying off the mortgage and the improvements im makeing is adding value. I figure after 5 years or so the property will appreciate at a good rate. Thn i'll refinane and use the cash to purchase more investment properties and so on and son. Im also interested in foreclosures and buy and flip strategies and tax liens and notes and deeds but for now, buy and hold. Help me.
Real Estate Investment Advice? I currently own 3 homes in Pennsylvania (Rentals), all on separate mortgages, averaging an over all equity amount of $89k. I want to continue to purchase more investment properties, but want to avoid paying cash out of pocket for the down payment and am currently considering a HELOC for that purpose. My question is 1: Can the HELOC combine all 3 properties to determin the line? 2: What may my maximum limit be? And 3: How do you feel about this strategy and can you offer advise on more saavy ways to invest in Real Estate? Thanks!
Can I buy investment real estate with no down payment? My husband and I really want to own real estate. We may not be able to afford anything in our area and are thinking to invest in a four plex in an area where it makes sense. Since we don't own any real estate and don't have much collateral, is it possible to buy investment real estate with 100% financing? We both have excelent credit. How can I calculate if an investement property would even make sence to buy? What I mean by that is a property that would yield a possitive cash flow. Thanks so much for your input.
I am a real estate agent in FLorida. can i buy investment property for myself and collect a commission check? am i entitled to a commission for a property purchased for a personal investment? it will be a sale but it will completely be worked for my benefit
Real Estate Investment Question - Time to sell or hold? I purchased an investment property for $370k and its worth $390k minimum. I'm negative $740 a month on this rental and I currently have a tenant. The first mortgage is an interest only loan with a 7.50% rate and a lovely 6 month pre-pay penalty. My rate is high because i bought this as an investment property. Should i sell this investment property and accept my losses and move on? It would literally take 5 years for the rental income to cover the mortgage payment. This was my worst investment of all time but I did so well selling my other rentals I wanted to buy something else asap. So at this point should i sell my investment property or should i just eat $740 a month? I enjoy tax deductions but this isnt the right way to get one.
What is the best way to take title to investment real estate? I am buying a house for $150K for investment purposes with two other individuals, "Man A" and "Man B". The current value is $400K. We will split the profits from the sale 1/3 each. "Man A" is single, owns a home, has excellent credit, wants to sell within 6 months and is contributing 1/2 of the purchase price. Man B is single, does not own a home and has a huge outstanding debt and horrible credit. (He is our connection to the house). He has no preference to sell right away or keep the property for several years. He is contributing nothing toward the purchase price and agrees that his name should not be on the title. I am married and own a home, have excellent credit and am interested in keeping the property as an investment for several years. I will contribute the other 1/2 of the purchase price in cash. Should I take title with Man A as individual tenants in common? Or is it better form a partnership? Any ideas on how to pay off Man A early so I can keep the house?
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