All Forum Posts by: Nadia P.

@Mindy Jensen I couldn't agree with you more Mindy! The relationship is far more important then the money.  I really appreciate all your insight on this. Thanks again!

@Mindy Jensen The Zestimate (from Zillow) on the home is currently ~$430K, so the home has appreciated ~$130K.

This makes for an annual home appreciation rate of 5.28% for the last 7 years.

Thanks again for the help!

@Mindy Jensen Thank you so much for the help Mindy! This was definitely one of the options I was considering. To clarify, Person B's credit was used to get the loan and the loan has been paid by Person B all this time.

What is an appropriate interest rate to offer? 10%?

Hi all,

  I need some help trying to put together an agreement on a property that should've been put in place years ago.

A and B are brothers with a fantastic relationship. Person A fronted $15K for the initial down payment of a $300K property and essentially purchased the property for Person B in 2008. The loan on the property is under Person B.  For years this property was a rental.  Person B has been collecting all the rent and paying for any maintenance required as well as making the loan payments.  When things got messy with a tenant a few years ago, Person A fronted lawyers fees to evict the tenant and handled court appearances.  Recently Person B spent $22K on maintenance (paint, carpet etc) and converted the property into a primary residence for himself and his family.  Introduce Person C. Person C is married to Person B.  Person C wants to pay the property off entirely and has the capital to do so, however realizes that an agreement needs to be put in place.

What's the best way to structure this agreement? Should profits be split 50/50?  Is it best to buy out Person A in case Person B and his family reside there forever?  Whose name(s) belongs on the title/deed?  

Thank you in advance!

Nadia     

Thank you everyone for your advice! I'm a newbie here so feel free to simplify down your responses.

@Ted Schmidt - Great idea on the rent to own scheme. Unfortunately rent to own also doesn't work within my religious beliefs (it includes two transactions, namely sale and rental, concerning one item at the same time and that isn't allowed either).

@Nasar Elarabi @Dawn Anastasi - I'm not too sure I understand how owner financing truly would work. Why would an owner would want to finance at 0% and is this common? Fix and flip projects are essentially where I'm investing right now, so definitely a suitable option for me.

@Justin Pierce - Great advice... this is exactly along the lines of what I'm thinking given the steep home prices in the area.

@Sharad M. - I can definitely continue investing with this company to build up more capital. I'd love to have rental properties that just generate me a stable passive income, but I just don't see the ROI if I don't leverage. How have you made all cash investing work for you?

@Michael Lauther - I am definitely fortunate that my investing has been going well :) Great point that price point and my objectives will govern my investing. How do I get to the point where I can generate greater than 10% of annual return from a rental assuming I buy all cash? You've got me intrigued!

Hi all!

I'm a newbie to real estate investing and needed some advice on investment strategies given a constraint I have. Due to religious reasons I cannot take or pay interest in any form; therefore all real estate investing I do needs to be on an all cash basis. For the past two years, I've been investing with a company that flips properties in the SF area then gives me a return upon sale of the property.

I have a decent savings to work with, however nothing even close to what you need to buy a house in SF. What is the best way to invest in real estate given that I have to do everything on an all cash basis?

Thanks in advance! Nadia

Hi all,

My name is Nadia. I'm an house flipping investor in San Francisco (specifically in East Bay). With tax season coming up I'm in the hunt for a good accountant. Does anyone know of a good tax accountant in the area that they could recommend?

Thanks in advance!

Nadia