Hi all,

Am dipping feet into buying a condo as an investment and will start actually viewing some potential properties soon.

I’m a homeowner so I’ve toured single family homes before, but never condos and never as an investment property before.

I’m curious as how a tour or a walk through of a property is different when you are evaluating not to live in yourself, but to rent out.

What do you look for (differently)? Are there any questions that you would ask that you wouldn’t if you’d be purchasing it as your own home?

I guess I’ll be looking at its desirability, whether it’s in good condition and whether the appliances are dependable(while not necessarily caring whether the fridge is the fanciest, for instance), whether the other condo units are in good condition… anything else?

Thanks for any insights!

Hello all,

Excuse my ignorance; but is there a max amount of apartments-to-condos one can do or can one theoretically convert a large multi family complex? (100+ units)

Is it solely a cash issue? Eg needing $X.XX to legally convert each unit? Or is there a limit?

Thank you for your time.

I'm looking to buy a summer home. This property is valued at 40,000. At some point, I would like to upgrade to a larger place. When that time comes how difficult would it be to 1031 the place? I wouldn't want two summer homes so I'd end up selling the place. When that time comes would it be a question of finding a buyer and then just using the proceeds to buy the larger property? Is there a different way of doing this? Maybe selling to a bank? Just curious as I've never done this. I only know that this option exists.

Long story short, initially invested 100k that was to be used buy into some land that was in a form of 10 houses to be zoned and resold for profit back in 2022. During this time the current tenants in said houses were to pay rent that cash flowed.

I didn’t have to sign or qualify for any mortgage

GP had 2 opportunities to sell the project after it was zoned, but advised and held on.

In those 2 years, no meetings were called and updates to be given.

Suddenly there’s a call for funds saying everyone needs to contribute monthly to cover mortgages and fees, and a second mortgage wa taken out an I owe about 3k a week away, an that being a reoccurring payment a plans shifted now to selling 4 lots to cover the now development of the remaining 6 lots.

If not met, a 40% fee is to be imposed.

I’m looking at articles to read up referencing capital calls, but I’m assuming this is different as he’s asking for funds AFTER my initial obligation has been fulfilled, a week in advance, with now a completely different plan then what I signed up for.

Granted I should have kept myself up to date, and a variety of things I could have done differently, but I obviously just trusted the GP (family friend).

Any thoughts on what usually happens and if the GP has any power to call for such things would be greatly appreciated.

Thank you

Question about "Unincorporated Communities" - what's the deal with them?

• Are the taxes lower?
• Is the land cheaper?
• Why do some communities want to remain unincorporated? (what are the benefits of remaining so?)
• Are they eventually going to have to become incorporated?

Hi everyone, my partner and I are both in our early 30’s I make $100k/yr she makes $130k. Combined we have about $120k in cash in savings. We work in tech but have started really wanting to branch out and build our own wealth so that 10 years from now we are financially secure and (possibly) using real estate as our full time careers rather than tech. How would you start investing if you had to start where we are today? Very curious what people are doing today. We have very little debt just my car note and my student loan. The car only has $10k left on it. We’ve been preapproved by WF for over a million dollar mortgage though that’s not what we want to do.

95k purchase price with 24k in renovation and a 140k ARV (more like 150k but I will pretend less so I won't be sad).

Will rent out for $1220 - $1280 (specific, I know, but there are lots of comparables with exact same sq/ft, layout, etc.) CoC will be 10.4 If I self manage, 8.1% if I go with a good property manager.

This is going to be a long term rental.

It looks good to me but, hey, everyone has their opinion and I would love to hear yours.

Say you buy an HOA foreclosed property, how long before the first demands payoff?

I'm on the homestretch of finishing my first house as a live in flip which my wife and I assumed the loan for 2 years ago and I'm looking to do the same on our next house(s)

Planning to do 20% down conventional loan and looking for mostly cosmetic fixer upper with other non-major issues (bad roof, foundation, septic etc.)

I work full time as a remodel contractor and do all of the finishing trades and sub out technical and licensed jobs, therefore I plan to do all cosmetic and carpentry work myself on said house

Question: Would a 70/30 ARV still be necessary if I'm just looking for extra cash and not dependent on the income? Obviously the more profit the better but I'm struggling to find houses in the market we're looking in that would have a pay out better than like 80/20 assuming reasonable material and labor costs and no appreciation

Thanks in advance!

I'll give some personal data and variables to help provide context:

- 30 years old and single
- 2 rentals currently (one currently primary with roommate paying $1,000/month). ~250,000 in equity between the two.
- 401K has about $50,000 in it and I have no clue what to do with it. I think I can grow the money faster elsewhere.
- Work as real estate agent and made $200k this past year and will likely make $250-300k (Goal 300) next year. Very active in my business. NOT one of those agents that tries to delegate every task.
- Personal expenses $60k/year. On a constant quest to lower this amount without being anti-social or giving up golf
- Goal to buy 10 rentals units by 35. Not a fan of low/no money down strategies, especially in this market.
- Typically will use DSCR or hard money to fund purchases unless I buy another primary. Not a fan of the DSCR fees and closing costs. Trying to find private money sources.
- Searching for quality markets that I can buy in the $150-$200K range. My area of NC is almost out of the picture.
- Will take on a flip if the rental numbers don't make any sense
- Self managing until it doesn't make sense or I realize I hate it.

Goal: Net $10k/month in "passive" rental income. I know I can't do that on 10 leveraged rentals, but I'm happy to try and pay a few of them off to get there. I'm assuming my income will stay higher (who knows) but I don't care to ramp up my lifestyle that much. My main luxuries are snowboarding and golf. Although I enjoy working as a real estate agent after leaving the corporate world, I don't want to have to do it for income forever. Wouldn't mind paying my primary residence off, but I know the math doesn't make any sense at 2.99% rate. Trying to find the balance between math and quality of life here. I generally like to work but still want flexibility in 5-10 years.

Looking for advice or thoughts from someone that's been there! Was paying off your rentals worth it? Do you wish you had tried to scale your portfolio larger first? Did you have any pivotal or eureka moments throughout your journey? There's so much conflicting advice.

I have a unique situation. To make a real long story short, my grandparents have a house that’s paid for, about 1,600 sq ft in Texas. My brother was living in it and trashed it (drugs). He’s now in jail for an extended period. It’s technically theirs but they’re open to me fixing it up and renting it out. They don’t live there, I just found them a townhouse.

I’m mid-thirties, and it seems like a decent opportunity, but I don’t know how to make it fair to them and have upside for me. It’ll need $75-100k to make it good again. But the rent will be close to $2k, give or take.

It probably makes more sense for them to sell it and collect that money and just finish living. Whatever happens, I’ll have to take care of it all, they’re in their 80s. Purchasing it from them is not an option. I don’t have the cash, and a bank probably won’t lend on it.

Thoughts or help is appreciated.

Have a property owned by ABC LLC (ABC LLC is wife and I, and friends, A&B). Have another property owned by XYZ LLC (XYZ LLC is wife and I, A&B, and another investor, Z). XYZ property is in development stage, and when cash calls are made, the cash from wife&I and A&B is sent from ABC LLC to XYZ LLC.

The questions is, would this just count as personal cash disbursements (from ABC LLC to wife&I and A&B) or is there a way to expense as an investment cost to XYZ LLC?

Concept: I am considering buying a three unit building (two residential units upstairs to rent out to tenants, the ground floor is commercial). I want to use the ground floor as a retail shop which I also own as an S Corp.

Can the S corp pay rent to me and count it as an expense?

Hello everyone! I’m looking for some wisdom!

I’m a young guy looking to place its first deal in real estate leveraging a stunning remote area in Italy.

I’m buying an old and half destroyed house and want to build a new house instead of it.

The house is located in a stunning area in the middle of a forest looking at all the dolomites in front of it. The house is in a very small village. There aren’t a lot of attraction and people there. But the view is really breathtaking. Also the house is the higher position of the village.

The average value of a home is really changing between 90k to 300k. It is a difficult market because people with money (not super rich) started to buy indipendent houses and make them very beautiful!

I’m looking for some wisdom from all of you are more experienced. Due to the stunning location and the remote area I would like to build a luxury house and look for high net worth individuals looking for privacy and breathtaking view.

Do you think is better to go with a normal house or luxury one?

Thanks in advance to everyone willing to share some knowledge!

I've been nervous to do it. But I'm finally starting my investment journey. I'm putting an offer in for my first property. It's a cash offer on a property that's essentially a shell. Needs a full renovation. Small property, it's a 900 square foot row home. I'm hoping to get it for 50k. Comps in the area are going for around 120-150 renovated, so I have a ton of room for profit. Especially since I'll be doing alot of the renovations myself.

Im still debating if I want to keep it as a rental or just flip it. I may attempt BRRRR and see if I want to deal with being a landlord. The property is on the outskirts of a very dilapidated neighborhood but gentrification is insane here and only two blocks away their tearing down abandoned properties and building 600k townhouses. But because of the area I'm kind of cautious being a landlord here.

My partner and I found a house we love but it won't qualify for a conventional mortgage. The owner is unwilling to do repairs and "prefers" a cash offer. The house is livable but needs some knob and tube replaced and a foundation repair.

While I feel we have the resources and experience to take on this house, the lender we usually work with didn't give us any options. I feel like I'm missing something. I've been researching bridge loans and hard money loans, but I'm not sure the best option given our situation.

Specifics: house has been sitting on the market for several months so I would offer slightly below asking at 325 to 350. We would make around 275 on our current home after paying out the mortgage. I want to set aside 150 for repairs to the new house. We have very high credit scores, almost 700 in investments and retirement (some of which is IRA so can't be borrowed) and no other debts and could do a 20% down payment.

Anyone have any ideas for a path forward?

I’m living in a very HCOL area (SoCal) and am making approx. 130-160k a year salary.

I’m very interested in investing in a multi family out of state but frankly don’t see any realistic deals with the higher interest rates. I don’t expect interest rates to return down to 2% levels but would more experienced people recommend waiting until rates lower? Is my only other option really to just put down 40% down payments? Due to being forced to invest OOS I’m already at a disadvantage with having no access to beneficial loans like FHA.

Long term goal with real estate investments would be a BRRRR strategy.

What do you all do for pest control? As a newish landlord I basically pay for everything (lawn care and maintenance). I never factored in pest control which if it was once a year isn’t bad but twice a year calls get expensive.

Do you make tenants pay for this? Just curious to hear other ideas

After getting experience investing in residential properties (townhomes, single family) and commercial property (NNN), I am now venturing into buying land. Been searching for appropriate land that fit my needs, budget and goal for over two years and finally got into contract for any interesting parcel.

As part of due diligence, am planning on doing soil test, talk with planning department to see if our plans are in line with their vision, do a sketch and see if we can get site plan approved.

I won’t do construction, I know it’s very tough. My plan is to make it shovel ready and sell it or build roads , divide it into lots and then flip it.

We are strongly convinced that the area intend to buy have strong demand for housing.

My questions:

1. Looking for general advice on land development. What are the main hurdles you have experienced, what are blind spots, etc

2. Anything we should definitely figure out as part of due diligence apart from what I mentioned above.

3. How to approach builders who can potentially buy lots from us ?

4. What are big downsides in land development?

5. What are the main things to ask for when I ask for quote from a general contractor to cut trees and lay roads.

I am in a position I am not exactly sure of the best strategy to take. I currently own a 3-unit multifamily I am selling/1031ing. I initially wanted to buy something using the BRRR strategy that fits the 1031 profile. My father is pretty close to retiring and has had a very successful last couple of years of his career. He approached me about taking a low-interest loan from him instead of a bank. I would be foolish at the rate he gives me not to take him up on it; I just do not know how to leverage the property to buy another one. I am looking to build my portfolio for cash flow through MTRs and STRs - I run a STR management company as my job.

ok the house isn't really that spectacular...but it does have real hardwood floors, a sunroom, fireplace, landscaping, and few other features that might not always be present in what i'm familiar with as a 'typical rental'.

how do you change your management style for this different type of property? just price it appropriately??

can you all share your experiences with managing a higher class of rental than you're used to? i assume it'll come with its own set of pros and cons.

Have an idea along these lines I’d like pencil out based on the logistics and rationale either way. Thanks for any insight. I don’t think it’s commonplace, but might be some valid cases with niche funds.

Looking for loan options on a property that would be strictly cash sale only (mobile home, built pre-75 on its own land).

A bit about me: I’m 40 and my primary residence is paid off. It took about 13 years, but I finally did it. I swore that once it was paid off that I would NEVER get another mortgage so dipping into its equity isn’t an option.

I’m looking at older mobile homes on their own land (no HOA) as an investment. Basically $50k and below. I’d prefer not to drain my savings on such a purchase that would be listed as “cash only”.

Any advice? 401k loans/ withdrawals are a horrible idea and I don’t have any with prior employers that I can rollover into something self-driven.

Hello all, I'm having a hard time figuring out what to do with my situation. Me and my siblings have inherited my father's house. Long story short I've been paying the mortgage keep the house afloat while getting all siblings to play ball and get through the probate n sale of the house process. Finally at a point where it's up for sale. House is appraised at $260k, $125k left on his payoff amount, 3.5% interest rate. Getting offers around $230k. Once it's all said and done and after I get paid back for the mortgage lawyer fees ect I'm looking at around $18k per sibling selling at $230k.

I've been thinking about perhaps keeping it and buying out my siblings and getting repairs done which would total around $110k to complete. Could rent it out for $2-2.5k and month. 5 bedroom house in outer ATL area. What are your guys thoughts?

I live in Virginia currently and plan to move abroad in January 2025. Today I had an appointment with the property management manager and she came to my house to check out my house before officially signing the agreement forms. Everything went well but she asked me if I'm a nonresident or not since she knows I'm moving abroad. She said nonresidents need to fill out a form R-5 (Nonresident Real Property Owner Registration). I'm a US citizen so should I still fill out the R-5 form? Are you considered a nonresident as soon as you move abroad? I plan to leave in mid-January next year and probably won't come back for many years.

Airbnb Arbitrage Road Map is a SCAM

What do I mean by this? There are a few things people should know before signing up for this course:

1. There is no money back guarantee.

When I first signed up for this course I was told there was a 6-month money back guarantee. If you decide this course is not for you or you are struggling financially and can’t continue with the course, they will ghost you.

2. It does not cost $10,000 to start your first $2,500 a month airbnb.

Between the cost of the course, creating an LLC, and buying a whole bunch of other services they make you feel is required to be successful, you are down anywhere between $5,000 and $10,000 before even looking to start your first airbnb.

3. They are not your friends, they are salesmen.

When you first sign up, they make you feel like you will be getting all this help and support to start off, but in reality they are just trying to sell you upgrades and plans that will “help” you get an airbnb faster.

With all that being said, I still think the roadmap is a good concept and idea, but I believe they mislead you on how much is all going to cost and how much work is actually required at the start.

Update: For the past two weeks I have been attempting to reach out to someone from this team to cancel my payments and see if I can get my money back, but I have received no response from their support team. As a result, I had to call my bank to out a stop payment on their billing service. I messaged one of their coaches in the program and after a week they told me to try reaching out to their support team (even though I told him in my email that I have been and they have been ghosting me). When I emailed him back asking if there was a better method to contact them he ghosted me again.

Today, I got a message from the third party billing service they use saying I had an overdue payment. I let them know that I have been trying to reach out to someone from the course to stop my payments for the past two weeks. They told me they would try to reach out to them to have someone get in contact with me, but they will be keeping my account and information on file still. So they are still trying to charge my account even though I’ve been trying to cancel for the past two weeks.

If you are looking to sign up and just try it out for a few weeks, DON’T! Don’t expect to get your money back or to have cooperation in the cancelation process if you realize this program is not for you.

Hi everyone!

I've been thinking about real estate lately - Dubai tickles my mind.

Would buying an apartment and short-term renting it through Airbnb be a good idea according to you?

Is it possible to get funded by a foreign bank?

I am not a resident in Dubai.

Thanks!

Hi all, I bought a condo (2 bed/2 ba) almost three years ago in an A-/A neighborhood in Los Angeles. I only put about 5% down on the property (interest rate in mid-3%).

The reason I bought this place to be in LA is no longer important as it was 3 years ago so I have a lot more flexibility on what I can do.

Some additional context:

• monthly mortgage ~$2500

-HOA: $550 Plus Property taxes $600

Originally started off at monthly expenses around $3450 but now it’s closer to $3700.

My appreciation so far (comps of other units sold in my apartment complex) has been very minimal - some of this is due to insurance issues with HOA in California.

There’s a ton of development in my area - with tons of new apartment buildings going up and building out a downtown area not too far from where I live.

My question is: if I were to rent out my place, comparable rents are probably around $3000 on the high end. Given that it’s LA and a relatively good area with decent schools, what would you recommend I do? I’d self manage to save on that cost.

My thought process is that if I’m in the hole ~$10k/year initially (assuming little maintenance), then I think the property value should offset it. Also want to emphasize that I only put down 5% so some negative cash flow was to be expected. For those with prior real estate experience, especially in A- neighborhoods in a big city, what would you recommend?

I’m young (early 30s) and wouldn’t mind traveling and rent other mid term rentals in a new city every month. Also I’m working on BRRRing in the Midwest so I could position myself to where I am able to PM those projects.

Thanks in advance!

Hi, I am turning 20 soon and want to take advantage of my first time home buyer perk. I've really been wanting to have a rental, but I don't know how much money I need to have to start.

Because i see some videos say all you need is like $8k etc. to start your real estate investing journey. But I hope I don't need 200k to start.

I want to buy a house, and rent that out. However I will probably need a mortgage for that, and some may say get an FHA loan. I'm thinking of buying something that will be rented out for at least 1500-2500 a month. (of course when i save up)

Also, is it possible to just get a loan to start out.

Getting into some development and was curious what people’s thoughts are on best day job to pay the bills while I build out my business. Currently a broker but not loving it. looking for other day jobs or small business to start that can bring in consistent income that might be able to compliment my business.