All Forum Posts by: Parag D.

@shawn - not owner occupied and yes, my RE agent is also a local investor who has invested in more than 10+ residential properties.

Thanks everyone for their inputs. This was very helpful! I might look at HELOC as another option - maybe take a HELOC on my primary residence and fund this investment.

I am interested in a townhouse but I currently don’t have enough funds to make 20% down payment. I can make up to10% down. I have heard in multiple BP podcasts that it is possible to make less than 20% down, though local RE agent is saying that I would have to do a 20% down. Are there other strategies to make 10% down and still invest in a rental property? Would banks allow that?

Thanks in advance!

Parag

Thanks @Kevin Zolea! I will check them out and add them to my reading list.

Thanks

Parag

@Alex Deacon- just finished reading Rich Dad, Poor Dad- will read the other one too!

I am starting out in real estate and wanted to read some books around real estate finance, validating deals, calculating returns on investments etc.

Are there any books or digital material that are a good starting point to learn about the financial aspects of real estate investing?

Thanks in advance!

Parag

My renter recently complained about hard water and how it is affecting their kid’s hair etc. She has hinted towards requiring a water softener. Water softener installations with material cost $1000+ and ongoing maintenance. What have other landlords done in this regard?

Thanks

Parag

Thanks everyone for your responses! Much appreciated. For someone new to real estate investing, which real estate deal and finance related book would you suggest?

Thanks @stephen - what investing course would you recommend?

-Parag

yup, that is what I also realized - the rule is too broad and like it was mentioned in one of the youtube videos, its more like a guideline. Yes, most houses I have seen do fall into the 1% rule.

Thanks!

Parag