All Forum Posts by: Franco Li

I wonder if its because he isn't interested or whether he's just really terrible at his job....

Check it out!

What exactly is a "no doc loan"? If you mean someone lending to you w/o a mortgage doc or a lender's agreement, you should probably ask family.

I think you should get out of the property if you think it can be profitable as a sale. If you are simply too tired to manage the property, and its not fun anymore, thats always a good sign to do something else. Using the money, you can either reinvest into other properties or just diversify into other asset classes.

I recently wrote a BP article about rising interest rates and its influence on the housing market and real estate strategies across the country. Considering that leverage costs will get pricier in the next 6-12 months and into the future, you should take advantage of the mortgage opportunities and probably get into other properties. 

Regarding the downturn, you can probably wait for that as well, but who knows if that'll happen soon.

You will be asked to tell each lender all the outstanding debt you have so they can scan your liquidity. If you don't disclose the information, its fraud...

Assuming you have enough liquidity (DTI) and savings to pull off the transaction, they'll probably process you w/o issues.

All,

My colleagues and I have created a free real estate analytics platform, in hopes of allowing amateur and professional investors, agents, and lenders to get an unbiased and independent feel for their opportunities. Crunching an investment property is now multi-dimensional, shareable, and tremendously easy. You can run stress scenarios and observe market data, and even get sensitivity analysis on rental rates.

Check us out! Its free to sign up, and free to use. Good luck all!

www.divismart.com

Here is a sample output/report:

http://divismart.com/viewreport/divismart/61-westw...

First advice, is to learn what underlies a real estate investment. Yes it sounds so easy right? Buy a house, rent it out, sit back and get some cash? Well unfortunately its really not that easy, considering there are multiple factors to consider: housing prices, leverage, expenses, property management, taxes, etc. On top of these basics, theres countless strategies related to leverage and investment types. 

In saying that, your first job is to research and know all of these fundamentals. Then you relate to your studies and identify which strategy suits you best, and ultimately formulate the plan to go for it. Best of luck.

Nobody scores big immediately. You have to build your portfolio slowly, intelligently, and w/ hard work. Otherwise, everyone who can save a measly $20-50K would be buying a property and quitting their jobs!

Raising someone's rent month to month is so unethical haha. 

You don't necessarily need to save the downpayment immediately. You can negotiate multiple strategies, or even syndicate a deal, and you might not need to even put a penny into it - although might be hard convincing people if you don't have real estate experience.