All Forum Posts by: Peter Lin

thanks Charles

How do I find out how much the seller purchased the home for?

Who has this information? Am I even able to locate this information?

juzamjedi,

well NC is considered the South, I went to school there and I'm from Maryland (considered mid-atlantic). NC properties are cheap, and the areas are developing. Lots of land to work with. Maryland on the other hand, for the most part is not cheap, and will not be easy to get positive cash flow without huge downpayments.

That's what I was thinking too...

ok, maybe i wasn't very clear, i was posting from work...so didn't have much time.

To be more specific:

do what full-time?
invest full-time, i would like to accumulate enough properties in order to bring in enough cash flow.

manage sfh rentals?
doesn't have to be sfh, condos/townhomes, duplexes, etc...

you plan on buying to hold and rent properties - residential?
yes, for the time being, i don't plan on flipping homes, although i do plan on rehabbing/tlc anything i can do myself or even contract out if needed.
[i]
can you envision yourself being a landlord of sfh's?[/i]
i believe i have what it takes. I don't plan on being a "landlord" as a career, moreso to get my feet wet and leverage that in order go further.

what's your long term goal?

Then, i plan on purchasing commerical real estate to leverage my cash flow/equity. Like i said, im new at this, and am just throwing my ideas out there, if they sound useless, please be critical...that why i'm here, to learn.

Now, i know 10-20k isn't a lot, but i'm not trying to purchase large properties to begin with. Like you said, i'm sure every investor did not have a substantial amount of capital to begin with, I'm just working with what I have, I can't really complain.

what options do you have that are alternatives to buying a sfh rental? have you considered any other paths? i'm just curious - want to see where you're at.
It doesn't necessarily have to be a sfh, i'm pretty much open to anything, condos/townhomes, duplexes/triplexes, its more like whatever deal i can find that is the "best" in my eyes.

Hope that clears things up. Let me know your thoughts.[/i]

thanks

thanks, i'll take a look at it.

Where can I find how much appreciation has gone up/down in certain states/cities?

Any sites that will provide me this information? I can not find any that I can trust. I have found some, but I am not sure whether or not the information is legit.

$400?? i think i'll just purchase a laptop with it already on there....

What is suppose to be so good with Vista? more secure? what else?

the snapshots i've seen have all looked very nice, but what about the features? any major enhancements?

I'm new at REI and trying to get started within the next few months on obtaining my first property.

I plan on relocating to a different state and have been doing my research there. Right now, I am living at home, working full-time and saving money. I plan on moving within the next 3-5 months. I don't plan on starting my REI here at "home" because properties here are rediculous. I live right outside the DC metro area and the cheapest property I can find is about 300k-400k for a condo/townhome.

I have good credit and about 10k-20k to start out with. Now, here is my situation. When I move, I do not know whether or not to buy my first home to live in/rent out the other rooms while I'm still working full-time, or if I should buy my first rental property, while I am staying at a friends apartment for very low rent ($200/mo). If i stay with my friend, I would plan on purchasing my second property for myself to live in by the end of this year; or it would be the other way around if I bought my first property for myself, then the 2nd would be a rental.

What would be my best situation? I am 22 years old, graduated college last year, and am currently working full-time and going to graduate school. I have 2 years left until i finish my mba program, and by then, I plan on getting rid of my full-time job and doing this full-time. If not sooner. Any suggestions on my situation? My main goal is to really do this full-time instead of relying on working for corporate america (I absolutely dislike it).