All Forum Posts by: Sidd Chitnis

Quote from @Chris Seveney:

@Sidd Chitnis

When interest rates were low putting less down. Depending on your rate though might be better to put more down as having that cash sitting on the sidelines or even invested may not net you the interest

For example your rate is 6%, if you invested that money you would need 8%+ in a liquid investment to make it worthwhile because of tax

If you invest in real estate it would depend on performance of deal - and do you want to take that risk.

Hello Chris. Thank you very much for your response. Can you elaborate a little more on what you mean by 8% in a liquid investment to make it worthwhile for a tax? Are you talking about investing 8% somewhere else other than real estate?

Quote from @Eliott Elias:

I hold my license for 2 reasons, 

1. I can make as many offers (at any price) as I want 

2. MLS access

Hi Elliot. Thank you for your response. Just curious about #1 which is a great point. When you give multiple offers, what is the best strategy also to back off from them, just in case your offers are accepted on multiple properties all at the same time? How do you manage the backing off process, because i presume you are going in with inspection contingencies at all your offers, and you would not do an inspection at multiple properties to eventually honor the contingency and back off.

In summary, i really liked your point since that is the caveat i feel now being a non realtor. 

BP family: If money for downpayment is not a problem what would be sane thing to do in this interest rate environment ? Is putting less down and holding onto your cash now for a refi- later when the interest rates come down a good idea?

I am trying to buy a condo and was thinking of going the FHA route with 3% down but that also means i would end up paying more interest at the end of my term. The value of the property i am looking at is around 550K

Thank you and appreciate everyone's help.

Hello All,

I am a software engineer by profession starting my journey in real estate investing. Me and my wife go back and forth between Orlando FL and Long Beach CA. Being fairly a newbie in real estate i am inclined to know STR and LTR opportunities in these 2 areas and also network with RE professionals to gain and acquire more knowledge.

Thank you all and looking forward to connecting with everyone. 

Hello Friends,

I am pretty much starting out my journey in real estate investing and hence posting this question:- Does getting a real estate license, passing the exam and becoming a realtor provide any sort of edge vs a non realtor?

Minus the traditional aspects of saving commissions when i purchase properties and having access to MLS, what are some of the other benefits of it ? Do i get to see deals first before they hit public websites like redfin, zillow etc?

Background:- I am in a very competitive real estate market of Los Angeles, and i just want to understand the real edge for a normal investor like me who's aim if to create a very small portfolio of condos for STR/LTR purposes in the area.

Thank you and appreciate everyone's assistance.