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All Forum Posts by: Riteash Tiwari

Riteash Tiwari has started 5 posts and replied 11 times.

Post: Buying Foreclosed at Aunction

Riteash TiwariPosted
  • Ellicott City, MD
  • Posts 11
  • Votes 1

Thanks Jon.

Post: Buying Foreclosed at Aunction

Riteash TiwariPosted
  • Ellicott City, MD
  • Posts 11
  • Votes 1

Hello All

Requesting feedback and help on buying foreclosed house. I am newbie to real estate investing. I am interested in the 1971 built, foreclosed property in my area Howard County MD.I read some stuff on buying foreclosed property and few of the articles scared hell out of me. For this property, no prior visit etc, is allowed one hour before auction starts. Could experienced folks please advise and provide any feedback for buying such property. What are the major things to check into for go / no go decision, knowing that I will not have enough to do check all? 

Post: Advise on property for cash flow

Riteash TiwariPosted
  • Ellicott City, MD
  • Posts 11
  • Votes 1

Greeting Folks

Appreciate your advise on the two properties I am focusing in the area. My objective is cash flow via rental. I am looking one property at

9209 Pinenut Ct Laurel, MD 20723 and other at 638 Realm Ct W Odenton, MD 21113.

I live in western Howard county and not much familiar with these areas. Any feedback with respect to rental market, desirability of neighborhood, crime or anthing else I should be paying attention for this area, would be helpful.

Thanks

Thanks Marla, Russell, Ned and Ozzy. I appreciate time you took to help. I am sure once I do little bit of my home work, I would be seeking your guidance again.

Marla & Jon Thanks

Marla, do you rent multi family property? Do you agree it is better for renting them condo or townhouses or SFH? Could you advice, which area to focus for multi family property?

Hi Folks

I am completely newbie in the field of real investments. Up until now, I was focusing on saving so I can invest, in real estate. Talking to few of the lenders, I found that with my saving and amount of the loan I likely to approve, I can buy property of ~$400K. It would be helpful to start, if I can get advice for followings.

Objective: Hold and Rent Investment

Que 1. What is the best area to buy property for rental income in Baltimore-DC area. I live in Howard County, closer is better, but I would rather focus on business value of location then proximity to Howard County.

Que 2.  

A. What is the best property type to invest for rental income in this area, SFH, townhomes , condo, or multi family?

B. Based on the book I read, it seem Fourplex are the best choice. What is opinion of experience people about it? Where multifamily property like Fourplex located in Baltimore-DC area.

Thanks

Post: BRRRR

Riteash TiwariPosted
  • Ellicott City, MD
  • Posts 11
  • Votes 1

Thanks Justine.

Post: BRRRR

Riteash TiwariPosted
  • Ellicott City, MD
  • Posts 11
  • Votes 1

Thanks Percy, Valerie, Sean, Aaron and Rick

I appreciate, let me think and read more. I am sure, I  would have more question. But really glad to hear from all of you. It feels like I have support.

Thanks

Riteash

Post: BRRRR

Riteash TiwariPosted
  • Ellicott City, MD
  • Posts 11
  • Votes 1

Hi

I am newbie and listening to Brandon Turner's book where he mentioned Buying, Rehab, Rent, Refinance and Repeat ( BRRRR) Strategy. I am not following one aspects of it, any help would be highly appreciated, as I feel like I am stuck here. My understanding is that after buying few properties one's earning to debt ration reaches such that long term conventional financing from bank does not remain the option. I can understand, one arrange funding from private lender or other mean to buy property for BRRRR strategy. Funding from private lenders are for short term only. Strategy suggests, after rehab, and renting, refinance the property. For buy and hold investment, is not that at this stage one needs long term conventional type of refinance? This is the part I am not following. From who and where to refinance this property, as I said earlier after debt to earning ration reached maximum, how can bank refinance this property?Along the same line, how can then I repeat BRRR, with above constraint?

Please advice.

Thanks

Post: BRRRR

Riteash TiwariPosted
  • Ellicott City, MD
  • Posts 11
  • Votes 1

Hi

I am newbie and listening to Brandon Turner's book where he mentioned Buying, Rehab, Rent, Refinance and Repeat ( BRRRR) Strategy. I am not following one aspects of it, any help would be highly appreciated, as I feel like I am stuck here. My understanding is that after buying few properties one's earning to debt ration reaches such that long term conventional financing from bank does not remain the option. I can understand, one arrange funding from private lender or other mean to buy property for BRRRR strategy. Funding from private lenders are for short term only. Strategy suggests, after rehab, and renting, refinance the property. For buy and hold investment, is not that at this stage one needs long term conventional type of refinance? This is the part I am not following. From who and where to refinance this property, as I said earlier after debt to earning ration reached maximum, how can bank refinance this property? Along the same line, how can then I repeat BRRR, with above constraint?

Please advice.

Thanks