All Forum Posts by: Saurin Pandya

Hi All,

I bought a second home and looking to convert the current home into a rental property. My current home is on 15 years mortgage and I was thinking if it would be wise to refinance it to 30 years and get mortgage payment down so that I can generate a good cash flow with rental. If I keep at 15 years then the monthly rent may just = current mortgage, barely generating any cash flow/income. Initially, I didn’t care too much about the income as I was more focused on equity and be able fully pay off the property in considerably short duration. However, I am reconsidering if it would be a smart investment strategy? I understand the interest rate would go up at 30 years but it’s still not hurting me since the rents would cover it (and on top generate good monthly income). I am looking for a general opinion on this as I understand ultimately it all depends on my goals, financial stability, market, etc.

Any thoughts?

Thanks,

Saurin.

Does anyone have feedback on Fundrise? They claim to be a low cost REI platform for beginners with 8-12% historical annual returns.

https://fundrise.com/

@Dennis M. why so? Feedback would really help. 

@Don Gouge - HOA was not listed on most portals but I finally found it. $213 a month.. bummer! Thanks for reviewing.

Folks, 

I am looking for a rental property investment and came across this deal for a condo/townhome. I ran many different numbers but its hard to find a flaw. Although annualized total return doesn't look good for the first two years, monthly cash flow and cash on cash ROI looks great. I am sure I am overlooking many things so wanted to run it by you guys for a second pair of eyes. Any feedback would be highly appreciated.

Thanks,
Saurin. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

@Vincent Incopero - Great article! Thanks for sharing. 

@Account Closed  - I agree. Thanks. 

Hi All, 

This is in follow up to my earlier question, where I inquired about setting up an LLC.

I was discussing about REI goals and plan to setup an LLC with couple of like minded colleagues. They highly recommend me to setup a C-Corp rather than an LLC since my primary goal is to invest in rental properties. Can anyone shed some light on this topic? My goal is to invest in 1-2 rental properties in the first year and gradually start rehabbing. Also, I don't plan to have any partners and will not have employees for the first 2-3 years. I've heard and read pros and cons about both LLC and C-Corp and its getting little confusing for me. I strongly feel that I should stick to my original plan of setting up an LLC but I'd like to get a second opinion from experienced investors out there. Should I be setting up an LLC or C-Corp and what things do I need to consider while making this decision? Please advise.

Thanks,

Saurin. 

I was discussing about my LLC plans with couple of like minded colleagues, who happen to be interested Real Estate. They highly recommend me to setup a C-Corp rather than an LLC since I plan on investing in rental properties. I had done my research earlier and had got mixed feedback. Can anyone shed some light on this topic? As I had mentioned earlier, I am taking baby steps and will start with 1-2 rental properties in the first year and gradually start doing rehabs. Also, I don't plan to have any partners or employees for the first 2 years. Any thoughts/feedback? Thanks.

Thanks Melissa Hall and Thanks again Ronan M.

Thanks AShira Solomon and Jim Brewer.