All Forum Posts by: Carlos Silva

For the first time, I’ve been burned with a renter moving out and noticed foundation issues, roof issues, and dirty inside. They’ve been in the property for 5 years. I guess I should start doing quarterly inspections?

1 Vote

Denton, Texas

what’s the best way or strategy to ensure renters water the lawn to prevent foundation issues?

0 Votes

Denton, Texas

I have a rental home and the first applicant is an undocumented worker. The second has an I10 but claims they haven’t been filing taxes.

Does anyone have any experience or information regarding renting to I10 workers? Is there any recourse if they don’t pay or if they damage the property?

Any information regarding the above scenarios would be greatly appreciated. This is new to me.

0 Votes

Denton, Texas

What’s the best way to tap into that equity to produce cash flow?

0 Votes

Denton, Texas

What are some of the most used/ ?most important formulas real estate investors use to analyze deals? How much do investors rely on math to decide weather or not they should jump on a deal or not?

0 Votes

Denton, Texas

I guess you're right. I'm still stuck in the old way of thinking on paying your personal residence off. As long as I have enough rental income to cover my current mortgage, it really shouldn't matter.

0 Votes

Denton, Texas

I'm close to having a rental property that is an older home that I want to get rid off as well. To avoid taxes, I was thinking of about borrowing as much as I can against it and then sell the property. I am thinking I will only owe taxes on the excess. I plan to reinvest the proceeds into a newer home.

0 Votes

Quote from @Don Konipol:

What is your target for ROI (annual) on your passive real estate investments? On your investments which require a more active participation? How do you calculate it?

I target 12% + on my passive real estate investments. 20% or more for active real estate investments. Without taking excessive risks - maximum leverage of 50%. Now I will make relatively small investments in more high risk, potentially higher leveraged investments - but I consider these SPECULATIONS (old stock market term) rather than investments. Speculation is somewhere between investing and gambling.
Back 45 years ago when I first started investing in real property I didn’t hesitate to use 100% leverage with my personal guarantee. In fact, I sometimes was able to use 100% +, in other words leave the closing table with cash in my pocket and a deed in my name! My thinking was my net worth was 0 anyway, and you can’t go lower than 0 since you could always declare bankruptcy. Not sure I would do it today because lending laws are much stricter and strategies considered legit then would be mortgage fraud today (partially because of changes in laws, also because of changes in loan documentation now requiring attests of sources of down payment, etc. ).
Today I invest much more conservatively, as CAPITAL PRESERVATION is very important to me. Also, when I started out inflation was running high and real property prices were going up and “bailing out” problematic investments.

So, what is YOUR target return? Has it changed as years go by?

can you please give me an example on how to calculate my ROI on an investment property? How would I do this if I lived in a home prior to leasing it out?

0 Votes

Due to higher interest rates, what are your thoughts on buying a new primary residence rather than purchasing a new rental property with a higher interest rate? I've thinking about renting out my current home and purchasing a new home to live in. The downside is I will have a new mortgage on my primary residence. I'm 46 and was really wanting to own my current home free and clear.

1 Vote

Denton, Texas

All Forum Posts by: Carlos Silva

Carlos Silva has started 24 posts and replied 56 times.

Post: Rental properties, how would you approach the listing and showing?

Post: renters taking care of the property

Post: renters taking care of the property

Post: I10 applicants or undocumented

Post: Is this a dumb move?

Post: Must know formulas for real estate investors

Post: Is this a dumb move?

Post: Selling paid of property

Post: What is your targeted ROI?

Post: Is this a dumb move?