All Forum Posts by: Shwetha Pindikuri

We are looking to buy a primary home that's on a FHA loan that can be assumed(we have called the lender to make sure we can assume the loan). However, The seller has a high equity build up into the property of about 300k. So if we were to assume the loan, we need to take a second mortgage to cover the equity portion of the loan. I am trying to find lenders who can do this as not all lenders are willing to do a second mortgage. if anyone has successfully obtained a second mortgage. Let me know. Thanks in advance!

As a newbie passive real-estate investor currently living in Austin, TX. I am looking to buy a fairly new constructed investment property in and around Austin metro area. While evaluating potential investment properties these past few weeks, I have realized that the average rent in Austin is comparatively lower and due to high interest rates and property tax, the outcome is mostly negative cash flow.  Although my long term goal is appreciation in the value of the property, I am looking for an investment that either breaks even or has a positive cash flow in the short term. Here are some of the options I have been brainstorming

1. Is it better to buy a primary house with 5% down and stay for 2 years after which I can rent out (hoping rents increase by then) if not I can sell it and be and be exempt from taxes on capital gains.

2. BEAF(Break even appreciation focused)  properties

3. Look into other markets( San Antonio/ Houston/Dallas)

Any suggestions are greatly appreciated!