All Forum Posts by: Regina Abayev

what is your planned hold period?one of the advantages of a conventional loan is the ability to take out a 30 year fixed loan if you intend to be a long term holder.

Welcome! Have you started thinking about where you'd like to buy?

the analysis on this gets pretty complicated,  but in most cases passive re losses do not reduce ssi. There are exceptions to this rule (e.g. if you are a real estate professional and can show that you dedicated the majority of your time to actively managing real estate).

In general, I only hold assets which produce ordinary income gains in tax deferred retirement accounts. The advantage of depreciation,  other deductions, 1031 exchanges, etc makes it less tax efficient to hold inside a tax deferred retirement account. Notes on the other hand are a great fitime IMO.

An occupied cash flowing single family rental in Jacksonville, FL with a 15.2% gross yield and low transaction costs currently being listed on Roofstock. Roofstock guarantees a Roofstock Certified Home, which includes an inspection, marketing photos, lease/tenant verification, 3D mapping of the home, and much more. Visit Roofstock.com today to learn more about this opportunity and other exciting SFR deals.

An occupied cash flowing single family rental in Orlando, FL with a 12.5% gross yield and low transaction costs currently being listed on Roofstock.com. Visit the Roofstock site today to learn more about this opportunity and other exciting SFR deals.

I also like Rentaultions.com

1. Mold damage should not be underestimated and could be a much more expensive repair than anticipated.  

2. How are you planning on investing with no $ down?  Are you looking at getting bank financing or using alternative financing?

I wouldn't hold-off just b/c you will be moving out of state.  If you like the area, can find the right property, just price in the cost of having a property management firm manage the property after you move.

How much are you looking to borrow and how is your credit?  Banks generally do not like from the ground-up construction.  What about using alternative funding sources (crowdfunding, hard money lenders, etc)?

@Art Maydan 

1. You can absolutely do that, some people prefer not to do the work themselves and TK is a much better fit for them (less headache).  If you are a TK provider, you want properties that are in great shape since they will be easier to maintain (think about if you were a property manager, and you make 10% of gross rents regardless of the type of property, do you want to manage properties in top shape or properties that constantly need something fixed).

2. Some TK providers have termination provisions/limitations in them (early term fees, or make you prepay the 1st year of management fees), but that is definitely something that you can do. 

$50K homes with a 15% cap rate can quickly turn into a 0 cap rate if 3 months in you need a new roof, HVAC, etc.  If you can find homes in good shape that need minimal repair and good property management (that screens tenants well), then you're all set and no need to work with a TK.