All Forum Posts by: Joe Abughazaleh

Welcome to BiggerPockets! You came to the right place. There's tons of information on here. Take your time and go through it all, the podcasts also have a wealth of valuable information no school or books can teach you. 

If you decide on getting your license and need some suggestions on schools and what not PM me and I'll send you over info. Best of luck!

This townhome has great potential to be a rental property. Not many opportunities left in Las Vegas to buy and hold for income. Here are the numbers:

Purchase price- $74,000

HOA monthly- $103

Annual Taxes- $309 

Annual Insurance Est- $200 range 

Rents in this community range from $750-$900 depending on property condition.

If you have any questions please contact me:

Joe Abughazaleh

Text or call 702.340.3880

TR Realty

1820 E. Sahara Ave. Suite 100

Las Vegas NV 89104

@Tina Johnson I'll PM you some information including J Scott's website. He's an amazing contributor to BP and has some info that I think will help you along your journey in creating that business plan.

@Charlie Gruber yes commission would be on $850k only not 1.5 usually you don't get paid on the future of what it would cost to finance the property. But it is real estate and almost everything is negotiable...

-Joe

@Steven McPherson yes absolutely your target property is more valuable, that's a lot more land than the recent comps. Try going back further on your comps like 6-8 months back if you haven't already just to see if you can find a comparable lot. Also try near by subdivisions or further out miles that aren't in your comp criteria. Hope that helps.

@Lillie Manon I doubt any America company would lend money to buy a property outside of the US. How could they foreclose if they needed to, impossible. Here are some idea: if the person that wants to invest can pull equity out of their home and use that, might be able to get a loan in that country with a sizable down payment. Also if your looking to invest in emerging markets that you see opportunity for growth you can buy shares here in the US through a brokerage. They usually have different funds that are made up of a mix of banking, real estate, communications, ect.. PM me if you have questions I myself was looking at real estate outside the US. 

@Colin Princi  check your counties recorders website or reach out to a local title company if you tell them you want to bring them business and you'll be using them they usually would help you out. 

@Renate Brison I wouldn't suggest getting an interest only mortgage. Interest rates are very low at the moment you can lock in a 15yr or 30yr for 2.6-3.8% that's super cheap and it's fixed. Usually interest only loans adjust after 5-7 yrs. You can get yourself into trouble down the line if you hold a property and it adjusts higher and can't sell If the price drops. Think it works if your flipping properties, but if it's your first investment I would lean towards the safe side. Always have a plan B or exist strategy. 

@Andrew Nugent  I know this isn't answering your question. But consider saving that money to buy another property. Interest rates are super low, chances are your interest rate is under 4%. You can make a higher return on your money than 4% if you think of it that way. If your goal is to pay off mortgage and aren't interested in leveraging your money just keep paying extra towards your principal. Some people pay every 2 weeks and that adds an extra payment a year.

@Tajinder Kandola what do you mean by newly finished? Is that brand new as in a builder built or investor that flips properties. It's going to depend on how you feel about, it's always better to get one than not.