I'm interested in buying an apartment in Lima, Peru. The two projects I'm interested in are one block apart from each other, their completion date is 2 months apart, Dec 2025 and Feb 2026. The payment structure for both is $2k to secure the unit, 30% of the price pretty much right after the $2k payment. The remaining balance is paid on equal instalments, every 2 or 3 months with no interest charged by them. Both developers are offering 5% discount for purchasing from them directly with no realtor, but their sales people said they can negotiate the price a bit. How much discount should I ask for? Should I ask to change the payment structure in case they don't want to give me much of a discount? I'm in Canada but my mom in Peru will do the purchase on my behalf.

I have a house in Texas worth around $340,000; I have $260,000 in principal remaining on my loan with a rate of 7.15%. According to Zillow and comps, I could rent out my house for anywhere between $2,200-$2,800. My monthly payment, with mortgage, insurance and taxes is $2,450. I will be moving to California for a big step up in my career, and was wondering if it’d be best to sell or rent out my house. If I choose to rent, I will likely use a property management company, so I’ll see a reduction in rental income. Income tax is also high in California, which would eat up even more of the rental income. I expect to be losing money until I pay off the property or am able to charge more in rent.

Should I just sell the house? Or is holding the property wiser long-term?

Note: I have enough money saved up such that I can afford to take the loss if I rent.

I'm in my mid 30s and have always had the dream of owning real estate.

Recently the bug has bit me and there is a property in our area for around 900k that looks to be a pretty decently renovated (they say full-gut rehab in 2018) 4 family building. Each unit is around 1200-1300sqft 2br/1bath and rents for, on average, $1500/mo.

Honestly, they're nicer than the home I live in but I live very cheaply. If one of the units were open I would live there. The school district is honestly one of the best in the state. Not far from where I live but in a different county.

So, 900k is very expensive. I work for a living and make around 110k per year and my home is paid off but I could scrounge together around 300k of stocks and bonds I've been saving for a long while. (Not my retirement. My work has a 401k).

For the purposes of securing a loan, its looking like the monthly payment would be something in the range of $4000-4500 a month including property tax. I'm also a veteran, if that matters.

This seems awesome to me. Assuming that the place is 75% full, the rents would (mostly) cover the mortgage and I would handle whatever other expenses that pile up.

My stocks have been getting a not great 7%. So, IDEALLY $21000 a year. This place, full, would net $18000 a year and get to own a building!

What am I missing? I'm sure there's a lot...

For those with investments in the DC metro area, are you concerned about Trump's election? It seems inevitable that the new administration will implement massive reductions across every government agency and department. If so, that will certainly lead to a major downturn in property values across the area. Do you believe this will happen? And are you planning to divest before the layoffs commence?

My background is in traditional rentals, but I’m looking to possibly expand into STRs. I know nothing about gathering information for this side of the market.

I’m looking for any website that can give me a heat map of prices/vacancies. Anywhere I can find info on property managers for STRs, and really just anything you wish you knew before you started. I know I’m basically asking for EVERYTHING

Hello Everyone,

I recently purchased a property and inherited tenants. I wanted to know how can I get some background information about them.

They've been renting the place for 3+ years and I was told they were all current on the rent. I've also received the first month's rent payment from all of them. Usually, landlords get background information, official documents, and income records from the tenants when they screen them but because I inherited tenants I don't have any of that.

I am trying to get the following

1. Government ID: so that I know who they are officially
2. Income statement: so that I know what kind of job (stable, risky, etc) they have and they meet my (income = 3x rent) criteria
3. Credit history: so that I know how are they with their finances
4. Eviction records: I think I shouldn't be concerned with this as they've been paying on time and are good tenants for 3+ years. Am I wrong with this?

My questions to you: I'm thinking I will ask them to submit these documents and keep them for my records. What's the best way to get these documents legally? I was thinking of asking them to email me these documents. If not this, is background check the only (and suggested) option? As they are existing tenants, I was wondering if there is a way they don't have to pay the background check and get this done.

Thank you! (NJ state, if it helps)

Hi all, I’m trying to flip a house for the first time and am wondering about the timing of putting it in the market to sell. The options are 1) listing it on November 20, or 2) wait till the next January/February. My realtor is suggesting waiting till early 2025 because it seems to me that he doesn’t believe now is a good timing (holiday season approaching). I guess I’m just unsure of whether he is right, and can I count on the next Jan/Feb to get a better price and attract more buyers? The house is in St. Louis, MO. Thanks a lot!

Is it a good idea to use a HELOC for the down payment on a new home?

Hi all, my wife and I are looking to purchase a new single family home, and I wanted to get some opinions on our plan. Here's a bit about our current financial situation:

We are 40 yr old with 6yr old kids Current home: townhouse worth ~$460k, with a remaining mortgage of ~$175k, 2.25% 15yr loan (11yr left) Desired home: Looking to purchase a new home worth ~$800k Income: Combined gross annual income of $160-170k Assets: ~$100k in cash, ~$1M in retirement assets We were considering opening a Home Equity Line of Credit (HELOC) on our current property to use as a down payment for the new home. Does this make sense given our financial situation, or should we explore other options?

Any advice or experience you can share would be greatly appreciated!

This topic is being introduced to me in a construction sustainability course and I'm curious if anyone has the expertise to generate a hypothesis on what the market would look like if COVID had not happened.

The properties a VA loan would qualify for are probably the same that would qualify for 3% down, conventional, right? Or it may be worse, such as what FHA loans would qualify for. Say one is in an area with a loan entitlement of $766k. That means the VA loan can be used up to that amount. The only real difference between that and conventional is 3%. That is merely $23k.

I was debating joining the army reserves. My main reason for joining changed to be the zero-down VA loan benefit (after six years of serving in the reserves). Although, I would forgo at least $40k in income while doing the ~6 months of military training.

So the opportunity cost is too much of a difference (23k < 40k). Thoughts?

Have a 6/3 2-family with current regular home structure(4/2) and separate structure in-law apt (2/1) on a 2 acre lot MCOL area cash flowing gross $4700/mo with a $2200/mo mortgage/tax/ins.

The garage on the property is failing. It’s a 25x20 wood structure. No electrical, no plumbing, no insulation etc. Just wood on slab. Im looking to build a replacement 28x28 garage with a second story ADU that will rent at market value of about $2000/mo

I have a current mortgage on the property, and an available $110k HELOC for emergencies.

I submitted today for a permit for the build.

Whats the typical financing style on this type of project?

It’s my understanding that typically for a construction loan, they’re interest only until completion at which point they refinance into a conventional mortgage or similar. Are there alternative options for properties building an addition or second livable structure on the property? A third loan on the property would obviously probably put it underwater.

property value: $450k Equity: $200k Mortgage balance: $250k HELOC: $110k/$110k available

Build cost: $150-200k

Numbers are approximate but close.

Would prefer not to refi as I’m at 3%

I have a large house that i had bought with cash a couple years ago. Now im looking to turn it into a rental but theres a low ceiling om the stairs going down to the garage. Someone being dumb, could nail their head on it going up and i don't have the money to tear open all the walls and get that area re-framed.

So i need to limit my liability. If i put the house in an LLC, theyd be able to sue for the whole value of the house which obviously wouldnt be ideal.

So what do i do here? Do i like buy the house using an LLC from myself so that i get cash and the liability would be limited to the difference between the loan amount and the house value? Cuz that somewhat makes sense to me but ive never heard of that.

Open to suggestions

Thinking of buying my first rental property and keeping it as a long term rental. What are you thoughts on mobile homes and specifically mobile homes that are going to be rented out? The home has a yearly decal and no Taxes. It’s very close to elementary middle and high schools (less than a mile away from all) it’s 2 bed 2 bath has a backyard with a small shed it’s in a big community that has a clubhouse and pool. unit is built in 1970. Estimated Monthly payment for everything would be 1,300.

Been working on an unconventional rural property development effort. Great setting, significant site work and improvements in place, current FOAF investor wants out (for unrelated personal reasons) and I’m not finding ready alternatives.

Anyone found creative solutions, i.e. besides banks and typical hard money brokers? Somewhere around 50-80% LTV for a year, in CA. Haven’t looked into relevant federal programs, if any. Not ag focused. Looking to sell or go for construction financing next.

Would like to see more of a funding pipeline for others to pursue this track as well!

Can anyone name some banks or credit unions that are currently willing to finance a 2nd mortgage (cash out debt consolidation) on a rent home?

Hey everyone! This is my first post on here. I’ll try to keep everything as short as possible, but my brother and I recently bought a house/investment property together in a high cost of living area. We were lucky enough to get an “investor” who covered the 20% down payment with ~5% charge of annual interest. The house is set up like a duplex, 2 bed/1bath/1 kitchen upstairs, and the same thing with a different layout downstairs. We have owned the house for about 1.5 years. To start, we had bad luck with renters. One moved out 3 months into his lease, and the other was on and off with being able to pay rent. About 4 months into owning the house, we had the upstairs toilet fail. Insurance covered an upstairs bathroom remodel (the only part of the upstairs that was not remodeled) and the downstairs bathroom (looked terrible when we bought, looks great now) along with all new flooring. During this time, roughly 7 months, my brother and I covered the entire mortgage essentially as we were unable to rent the downstairs out like we had planned. We expected some vacancy time, but nothing like this.

Here are some numbers: Locked in at 7.6% mortgage rate Home purchase: $715k 20% down, brings the mortgage to 576k Monthly payment: $4640 (taxes plus mortgage) My girlfriend is a property manager and ran comps: $2300 for the upstairs, and $2000 for the downstairs.

Now with this remodel, it drastically improved the house. I would say with the market value increase and this “renovation”, it would sell for $~850k. My brother and don’t really enjoy living in the city that the house is at. It was close to our work when we bought it, but we have since gotten roles in a bigger city that is 15 miles/ 35 minutes away, and would like to move out there depending on what happens with our decision on the house. What is the smart play? Am I thinking of everything? Are there rac breaks or anything I can leverage at the end of the year to make more money back?

Here are my options that I have come up with: 1). Sell the house, pay the investor back, from rough calculations, we’d be at around $70k profit cashed out. 2). Rent the entire property out. We would be at $4300 rent income, so we wouldn’t even be able to cover our mortgage/property tax, let alone repairs/vacancies/property management companies. I would say we would more than likely owe around $1000 a month after everything’s said and done for all miscellaneous expenses, including 10% for a property management company. 3). We live in the upstairs, rent the downstairs out, and just deal with living somewhere we don’t enjoy.

I apologize if none of this makes sense. I am happy to elaborate on this however I can. I’m 28M, and my brother is 26M, and we have always dreamed of getting into real estate investments… but may have set ourselves up for failure from the start. Hope to hear all of your experiences and feedback. Thank you so much in advance.

Im working with what I believe to be a hard money lender out of rhode island. Thing is he charges alot in upfront fees and I've read that's a bad sign. Can anyone tell me if this is a normal practice? 15k upfront for a 7m deal

We were looking to buy a 1-bed condo near us (HCOL South FL city). Right now as a rental investment but with the idea of moving in an aging parent in the next 5 years. However a lot of these prices make no sense to me. For example, a place listed at 350K (Zillow est. 330K) can rent for $2200. But the taxes and HOA are $950/month. I triple checked market rental prices and it can't really rent for more without some pricey high end upgrades. And even then the rent increase would be small.

So why are people buying these properties? Renting in this case is cheaper than buying (Zillow estimates the cost of buying at $2600/month) so forget about any rental ROI. This condo has a bunch of saves and I know it will end up selling. Help me understand!!

The wife and I are looking for advice on how to best structure our finances. We both have stable government jobs in a high cost of living city, with a combined W-2 income of approximately $300k. In addition to our primary residence, we own a 2-family rental property in the same city and own handful of investment properties in other states. Currently, all properties are held in our personal names and we report rental income/expenses on Schedule E.

We're wondering if we're missing any advantages by structuring our ownership differently (e.g., LLC, etc.). What are some key questions we should be asking ourselves and our CPA to ensure we're optimizing our tax strategy and protecting our assets.

My home includes an attached workshop garage that is big enough to hold 8+ cars and has its own bathroom. We want to rent out the workshop garage for extra income while we live in the house.

I found a tenant willing to pay over $2500/month for this space (it is 2000 square feet, has its own bathroom, HVAC, and is extremely secure).

The tenant is an individual who would use the workshop to store his expensive cars and work on them. We are clear that there can be no commercial activity, and no residing inside the garage. He will have his own insurance as well.

I cannot find an insurance policy to cover me for this use case. I’ve contacted over a dozen brokers and insurance companies directly. No one can help me. I live in Arizona.

I know it might not be cheap but is this truly impossible? Does anyone have any advice for me?

I've been on the phone all bloody day with real estate research firms from San Francisco to New York. No one seems to have the "business solution" that we desperately need.* I've talked to all the big ones... Costar**, Black Knight, Core, etc... they all tell me the same thing... our platform allows searching individuals and whether or not they own multiple homes, but there is no way to bulk search multiple names. But we're talking about homes in the tens of thousands, so a non-bulk approach won't cut it.

If anyone has any idea about a platform or company that offers something like this, I would greatly appreciate it. Thank you in advance.

*I'm not in the real estate field and this is my first foray into it. We sort of wandered into this unknowingly. Apologies if this is a dumb question.

**Costar told me that they have EXACTLY this, but for commercial real estate. Such is my luck...

I have a small portfolio and I am looking to increase my efficiency and get greater visibility with spending (all while earning interest on the money sitting in the bank). Let me know your thoughts!

Hi I have been wantingbto invest but don't have any money, so I want to start with wholesaling to build my contacts and a better understanding of the market. I have two questions:

1. How do you create/run a deal analysis on a property?
2. What should I look out for when getting started?

Also anything else you think I might need would be great too. I am in the Kansas City, Missouri area if that helps.

We are renting SFHs to students. We want to be prudent to write off as much as is ok to write off. My wife spends **hundreds of hours talking to students and parents each year (and is a JD lawyer if that matters). Thank you!

I found a home I absolutely love that I would love to use for family vacations.

I was thinking if I can Airbnb it out for the year and use it for summer weekends and holidays, I might be able to pay for it fully.

I found some posts regarding this, but it was about 6 years old so I’m curious about the market as of now (November 2024).

edit: this is in a very affluent college town with a very good football team. I am thinking I could really do well during graduations and football season.

I own a house and am looking to move to different area. (30 min drive away)

I have an opportunity to purchase my new home without selling my current one. My current home has been a financial blessing and has appreciated quite nicely. We own about 50% equity and have a very low (high 2s) interest rate.

We are weighing our options - sell our house and reinvest equity in a new one, or keep our house and rent it out.

We pay ~1,300 a month, and looking at comps (admittedly via tools like Zillow), wed be able to rent at $2,000. We can afford to pay both mortgages and have an unoccupied house, however, it would be a fairly tight squeeze on us, and would prefer not to.

Is it foolish to even consider keeping our home and taking on two mortgages? We have been very conservative in our finances and this would be the biggest risk weve ever undertook. We are in our early 30s.

I have inherited a house in a HCOL area, several states away from where I live.

I have hired a property management company to oversee the work that needs to be done pre-rental and then manage the rental. They should take around 10% of the rent.

I know to budget for property tax, insurance, taxes on income, and home repairs, although I am hopeful the work we are doing should mean we don’t have to pay for much for awhile. I feel like these will take about 2/3 of the income.

Am I missing anything I should be budgeting for? What percent of rent would you reasonably expect to pocket on a single rental?

Hi everyone, I'm trying to find the best way to find existing self-storage facilities in a handful of targeted states, but what's the best way to do that?

• Buying a list?
• Painstakingly looking for registered businesses?
• Googling?

I'm starting out, so I'd like to avoid spending large amounts of money if possible. Appreciate any advice with coming up with a list of existing self-storage facilities (NAICS 531130).

I have a house I want to refinance from conventional to mortgage. The house exterior is an ugly color. It's not fading or old but it's an ugly color. Is it worth it to repaint the exterior to get a higher appraisal value and how much difference would it make on the appraisal?

What thing do you guys look for when looking for rentals? Do you prefer new builds, which locations are you looking in? How much are you spending on a house? Do you prefer single family or multi family? Looking to get started and curious what has worked for you