All Forum Posts by: Nami Sharma

Hey everyone! I'm looking to buy a property that's a mix of commercial and residential, located next to a train station. It's fully rented at the moment and has a cap rate of 10%, which seems promising. However, the area has a slightly shady reputation, which makes me a bit cautious.

As a first-time investor, I could really use some guidance on what key factors I should consider before making an offer. What are the important things to look out for in a property like this? How can I assess its potential and mitigate risks effectively, especially given its location? Any advice or insights would be greatly appreciated! Thanks in advance for your help!

I've come across a property close to Philadelphia that was transformed from a single-family dwelling into a multi-family setup, and its zoning has been switched to commercial. I'm curious about how the taxation for such a property would function. As a first-time buyer with limited knowledge of real estate, I'm seeking advice on whether this could be a promising investment. I would greatly appreciate insights from individuals with expertise in this field.

Thank you for your response. 

Wow! I'm truly grateful for the time and dedication you've put into compiling all of this valuable information. It's clear that your efforts will significantly aid me in the decision-making process.

@Randall Alan 

I greatly appreciate your thorough explanation. One factor that made me feel apprehensive was the proximity of the property, as it is just a 5-minute drive from my current residence.

"I'm considering purchasing a distressed property priced at $300,000, which requires a complete rebuild. This property holds potential as an investment property. Nearby houses are 700k + I have two options: either convert it into a single large house or create two separate units to rent out. As a first-time real estate investor, I'm seeking advice on whether it's a wise decision to acquire and work on this property. Any suggestions or recommendations?"

"I'm considering purchasing a distressed property priced at $300,000, which requires a complete rebuild. This property holds potential as an investment property. Nearby single family homes are around 700K. I have two options: either convert it into a single large house or create two separate units to rent out. As a first-time real estate investor, I'm seeking advice on whether it's a wise decision to acquire and work on this property. Any suggestions or recommendations?"