All Forum Posts by: Afsheen Akbar

Can anyone shed some light on what an ARV is? I see plenty of you talking about it.
Thanks for your help

Hi James and Jonathan Welcome to the forum

Would anyone like to clarify to me what comps is or are. I am trying to follow the thread but having diffucilty since I dont know what comp is.
Thanks

titan305
Living in a college town and dealing w/the roommate situation personaly I think it works out better to do the individaul lease. I would also be interested in seeing what other people have to say about the pros and cons of renting in a college town.
Thanks

Thanks alot John and Karenmcd. It helps me to see different school of thoughts. So does the SFR stands for Single Family Resident?
Also karenmcd you said that buying and selling in the Flipping process depends on market and what if your place doesnt get sold. I have heard this from alot of places/people that it is all about the timing as far as how quickly can you buy, fix and sell the place. Is there usually like a specific time limit most people do all this within. What are the implicatiosn other than the place not being sold in the timely manner if such a situation arises.
Thanks alot

Welcome tessvis to the fourm. I am new here myself but have found alot of good information here. Im sure once u post ur question someone will be able to help you out
afsheen

Derek
Welcome to the fourm

Mike,
Would you say that having an LLC for the rental business is a requirement or something you should do to be on the safe side? I think what I am confused about is if you wanna just get a house and rent in (in addition to having your own place) do you have to have an LLC? Do you also have to have some kind of license?
Thanks
Afsheen

sounds good

Hi All
I am new to this website and looking for help. I am interested in the real estate business but not familiar with the field at all.
My original thought was to do the whole "flip" thing....not sure how that works.
I am in North Central Florida- Gainesville- which is a college town. Most everything is driven by University of Florida students. I recently just bought a condo 8 months ago. I put down very little for down payment - I think about 6K. I hold a regular job have a car loan......regular stuff....dont have much in credit debit and have a good credit history. so I guess my first question would be is if lets say i do come across a good deal would I be able to get a mortgage on it?? Im not sure if thats something i have to worry about?
The other thought i had was to get a place and rent it to students? Any ideas on what can I do to approach that. I dont know how smart of an idea is that but to get an interest only loan and try to pay some principal off with hopefully the rent. The reason I am thinking about interest only is in case I cant get renters......i wont be stuck w/2 full mortgage payments....any thoughts on this
Thanks for reading all this and for the response in advance.
Afsheen