All Forum Posts by: Simon Ashbaugh

Please let me know if I’m seeing clearly Here? (This is for the Bay Area in California)

-Home is 330,000$ (paying cash)

-Closing cost : Buyer and seller agent fee, Property, title, escrow, misc @7.5 % =24,750$

-rehab cost = 50,000$

-refinance cost: appraisal, closing cost, loan officer fee @ 2.5% = 8,250$

- if I was to get 75% LTV on 580,000$ = 435,000$

- with 25% equity still In the property= 145,000$

So tell me if this is correct. I add up the total cost above, I come up with 413,000$. Now I have 25% equity in the house. I’ve made my original investment back and pulled profit from the deal. Do I also include the monthly rent and my equity in the home for total profit or do I keep those two separate. I am going to continue buying more properties so I was thinking to keep them separate so I know what I can invest towards the next location. Please let me know what you think any advice or criticism is welcome.

-monthly rent income= 2,800$

-property management fees @ 10% of monthly rent = 280$ a month

Hello,

I am currently trying to find my intro to real estate investing. I make about 89k a year and I have about 20k saved (~10k in bank and ~10k in ETFs). The main issue for me right now is that I live in NYC and if I want to invest in a property here, I do not have enough saved up, and I do not make enough. I have also considered purchasing a property in another state (Texas) and hiring a property manager, but I am not totally sure how that works. What is your advice on how I should get started with investing in real estate? Thanks in advance :)

Hi all,

I am a Canadian Real Estate Investor. I have 2 properties currently and I'm sitting on about 400K CAD in cash. I've been looking at multiple different options to invest in. Specifically, I've been looking at Quebec for cash flow purposes but I've read landlord rights are terrible there. I've also been looking out East in NS and NB. I've also looked in Florida, and Arizona but financing and the currency exchange is tough right now to justify investing in US. 

Any advice on next steps or locations?

Thanks in advance

Don

Narrowed down to multi-family. Looking at Dallas, Austin, Atlanta, Nashville, Memphis, Charleston. Be interested in hearing from folks with direct experience in those markets. Would love some suggested zip codes to run some research. Hold period 5-7 years. Thanks!