All Forum Posts by: Elaine Lau

thanks for the info.

can anyone tell me about investing in rental properties in Memphis TN?  Zip code 38016.  What is the grade of properties in this area?  Or would you recommend investing in TN?

Do portfolio lenders usually fund out of state rental property investments?  Or should I find a local lender where I will be buying the property?

this sounds like a good deal for southern CA. Do you usually purchase an earthquake insurance for your rental property?  What would the cost be?

I have been contacted by some real estate agents for my rental property in Las Vegas Southern Highlands 89141.   

I am debating whether if I should hold it or sell it.  My current tenant has been renting it for 2.5 year but will be moving out when the current lease ends (in about 10 months).   

Is it difficult to find a tenant in that area who is willing to pay $2485 a month?  I bought that property in 2010 for 320k and I think I will be to sell the property now for 375k to 400k.  What are your thoughts?

hello I am a newbie here.  What is a tax deed auction exactly?  Do you actually own the property if you win the auction?  

@Giovanni Isaksen

It would be nice to know how to do those analysis.  

My reason of doing it is I want to build my networth.  I would like to find a multifamily with a good cashflow and possibility appreciation in the 500k to 650k range.  Can you suggest some area?

@David S.  Thank you for your info.  Do I need to use an intermediary in the state of where my selling property is or can it be anywhere?

hi everyone,  I am a newbie in bigger pockets and in real estate investment even though I bought two rental properties a few years ago.  I have been reading a lot and watching many youtube videos to learn about real estate and hoping to find my financial freedom ASAP!

I came across a topic - the 1031 exchange - and would like some input on how I could take advantage of it.  I acquired a property in Las Vegas, NV in 2009. Purchased at 320k with 20% down.  Now renting out for $2485.  My mortgage payment each month is $1850. Remaining balance is about $230k.  If the current market value is 380k to 400k, may capital gain would be 60 to 80k, right?  

I am debating on whether to keep the property for the cash flow or sell it and do a 1031 exchange.  And if I do a 1031 exchange, I would have to purchase another investment property of 380 to 400k. Or can it be more than one property with a combined value of that amount?   How and where would you guys invest with that amount?  

I live in Inland Empire now. I do not know the area too well, but I have not been able to find an area here with good cash flow.  Any advice will be greatly appreciated!