All Forum Posts by: Ken Singh

If, hypothetically I can earn, for sure, from my mutual funds or other means a rate of return 12%  annually (fixed) on my invested cash and I can easily reinvest it for compound interest, would you prefer RE efforts with the game of appreciation, depreciation, renting, condos, tenants, fixing, etc. or you will be content with this return. May be for experienced people, what is your overall rate of returns in say 5 years with all ups and downs? Thanks!

@Wes Blackwell So, I was right. It is tough (especially now), by a rookie, using just MLS. Thanks for the insight and inspiration to do more than just the standard stuff. I'll try new ways.

I am in Lincoln, CA 95648. I want to stay around my vicinity for investment property (sacramento, antelope, roseville, rocklin, etc. etc.).  I already own my home. I have $50,000 ready to invest. Who can show me what can I do with this money and really flip or invest in something in such geography and circumstances? I have above 700 scores, good static income, and can take loan. A real example form realtor.com will be beneficial to see the numbers and how people calculate them.

Thanks Russell. Is it OK to ask the association about their financials, through my agent, before offering something, or should I offer it with contingency to the evaluation of information they provide? Will they be usually OK providing this information w/o offer? What are the main questions one should be asking them?

What are the issues with buying condominiums for rental income? Are they even suggested? Could I be  just roaming around wrong cash flow investment. What I am sensing from Condos is very low prices (including community dues), management takes care of them, and much more cash flow. But there must be something, which is making their price lower. I am thinking of buying a condominium for low price but I am also afraid if I am making a wrong decision..

Thanks Dave! Appreciate that.

How does one calculate the basis of the property for depreciation? Especially, how would it be calculated for a condominium?

Zilwaukee, MI or around.

I am in CA and thinking of buying 2/3 apartments in MI state managed by apartment complex management.

What can I deduct from my expenses?

1. Property Taxes (Y/N)

2. Property Insurance (Y/N)

3. Management Costs (Y/N)

4. Maintenance Costs (Y/N)

5. Depreciation (Y/N)

6. Vacancy losses (Y/N)

7. Adding new items, say Refrigerator, etc. (Y/N)

8. Improvements, say new tiles in bathroom etc. (Y/N)

It is definitely going to be a PASSIVE investment, unless there is a way to make it passive. I have full time job too.

Thanks a bunch!

Hi,

I am in CA and I see many cheap 2BR/1BA - (good looking in photos) apartments in MI for about $25,000 each in a large apartment complex. What is the catch here? If there is no catch then why are they selling it? I can buy 2/3 (say $20,000 each) of those and rent those through apartment mamangement companyfor say $750 per month. What are the chances of losing money in this deal assuming roof is fine, ROI seems fine, and it is in an area where we can get tenants.

Thanks!