All Forum Posts by: Eric Stanley

One side of a duplex for sale in great location, cash buy. This is my first real estate purchase. 

$210,000 cash

Rent currently 1800/mo

Taxes 3,300

This is the best deal I have found in my area however I am new to real estate investing and have some concerns. Why is this a cash buy, as-is buy - is there possibly something they know won't be approved by a bank? Also what concerns should I have for buying one side of a duplex? Thanks in advance!

I am looking at a property that has a history of mold. I am told it has been remediated. Not sure what to think about this, should I be concerned? Maybe I should be concerned with the issue coming up in the same place again?

Thanks in advance for your input.

I am planning on purchasing one single family home in the state of Texas (which is out of state). What are the advantages of forming an LLC (registered in TX) vs. combining this one property to my existing LLC (which holds one commercial property) ?

I want to invest in SA, Multi-unit properties. It seems like a good market to get a property that cash flows. Anyone here experienced with multi families in SA?

I want to get started in real estate but am having trouble with the capital required. Is it possible to refinance my home to get $ out? Here are some specs:

Price: 330,000

Downpayment: 30,000

Loan amount: 288,000

Comps in the area as of today (appreciation and rehab) would make it appraise at appx: 380,000

Thanks!

Looking to connect with an out of state investor who owns properties in San Antonio. I am looking into purchasing several SFH 's in the SA area, wanted to do my due diligence before I get started talking to banks.

I have been looking into the San Antonio area for multi family and came across this property. It seems like a cash flowing deal to me, can someone help confirm this?

http://www.realtor.com/realestateandhomes-detail/14451-Edgemont-St_San-Antonio_TX_78217_M88418-30786

My area is expensive, finding deals is difficult. My plan is to rent out my personal home and move into another home close by and possibly rent that one out in the future. I can do this because the down payment is more affordable for me as I don't need 20-25% with most rental properties b/c it is a personal residence. 

I've estimated that if I rent out my personal property now, it would cash flow almost nothing in the first few years. However this would be an easy one to rent out because I could manage it myself, and I am very familiar with it. 

I want to get started in Real Estate however I am hesitant on this one, your thoughts?

This may be a noobie question but how is it possible to get into real estate in an area that is booming? I live in the Portland Oregon metro area and the prices of both single family and multi family houses are so much now that none of them cashflow. For example single family homes are averaging near $350,000, which would rent for appx. $1,800/mo. That doesn't leave much wiggle room and in some cases won't cash flow. I don't want to consider out of state investing, anyone else in this boat?

Thanks in advance

I have been looking at single family homes to purchase and then rent. I have learned that it is difficult to make these cashflow due to the high prices in the area and seeming booming real estate market (in our area). Is it normal to have a negative cashflow for single family homes, in hopes that it will over time appreciate in value?