All Forum Posts by: Timma Kumar

Did you find an answer for your question. I got in same boat as you now. I am looking for Lease agreement forms.

My 2 cents, 

1. you can buy more properties if you have a loan as your cash is not tied into one property. Especially when one is starting off.

2. May be one should also look from point of depreciation of dollar from inflation point of view. Interest rate are still low, loan @4.2% . Dollar could depreciate by that much or little less due to inflation. Bank is taking a hit on that not you.

Need advise. I am looking to buy a single family home in bay area. Homes are so costly here, 750 to anywhere over million . If I buy a home in bay area, all my savings will go into making 20% down.

We have immediate family living in Texas. We also want to invest in Texas (may be Dallas and or its surrounding cities) and may be re-locate to that place sometime in future .

If I buy a home with 20% down in bay area as primary residence I will end up with one home. My current rent is 2K per month. My expenses for home will increase to somewhere between 3.5k to 4k. New tax laws will not allow that much deduction.

For the same amount of cash, I can make downpayment for 3 homes in Texas.

Monetarily I keep thinking it makes sense to buy homes in Texas while the interest rates are still low and eventually move there and live in one home and still keep renting the remaining two.

Any pros and cons?

Need advise. I am looking to buy a single family home in bay area. Homes are so costly here, 750 to anywhere over million . If I buy a home in bay area, all my savings will go into making 20% down.

We have immediate family living in Texas. We also want to invest in Texas (may be Dallas and or its surrounding cities) and may be re-locate to that place sometime in future .

If I buy a home with 20% down in bay area as primary residence I will end up with one home. My current rent is 2K per month. My expenses for home will increase to somewhere between 3.5k to 4k. New tax laws will not allow that much deduction.

For the same amount of cash, I can make downpayment for 3 homes in Texas.

Monetarily I keep thinking it makes sense to buy homes in Texas while the interest rates are still low and eventually move there and live in one home and still keep renting the remaining two.

Any pros and cons?

Need advise. I am looking to buy a single family home in bay area. Homes are so costly here, 750 to anywhere over million . If I buy a home in bay area, all my savings will go into making 20% down. 

We have immediate family living in Texas. We also want to invest in Texas (may be Dallas and or its surrounding cities) and may be re-locate to that place sometime in future . 

If I buy a home with 20% down in bay area as primary residence I will end up with one home. My current rent is 2K per month. My expenses for home will increase to somewhere between 3.5k to 4k.  New tax laws will not allow that much deduction.

For the same amount of cash, I can make downpayment for 3 homes in Texas. 

Monetarily I keep thinking it makes sense to buy homes in Texas while the interest rates are still low and eventually move there and live in one home and still keep renting the remaining two.

Any pros and cons?

Is the new 20% pass through deduction in the tax plan help investors in real estate? Does it make a different if we own real estate SFR as individual or in a LLC?

Thanks @Erik Harrison, @Tyler Johnson, @Michael Koenig.

Another general question. I have heard about crawl space and concrete slab foundations. For the first time I came across Brick Foundation in west livermore. Online research showed that some banks may not even give loan for brick foundation and it is not safe. Have you guys heard about brick foundation, any ideas?

@Sam Josh.This is for Primary Residence. If I get a SFR with enough Baths I may house hack though.

Is it better to buy a SFR in Pleasanton or West Livermore(which is closer to Pleasanton).

Where is it expected to appreciate more?

Whenever the downturn happens where is it expected to rebound faster based on todays buying price?