Danial Qureshi
Planning my next Two Years in Real Estate Investing
20 March 2018 | 6 replies
I could sell one of my properties (condo) use, that money for flips in Atlanta within the next 1-2 years build up additional funds to acquire an apartment complex, and to grow my portfolio, but I want to hear from some experienced investors and what they would do if they were in a similar position.Current Picture/Portfolio: Property 1: Condo (Atlanta, GA 30328)Current Rent = $1550/MonthUtility Reimbursement = $200-300/MonthHOA $383 (In line with HOA's for other communities) Purchased June 05th, 2015 and resided in property until Jan 22nd, 2017 (Total of 1.64 Years)Lease Started Jan 23rd 2017 and Lease Ends on June 30th 2018.Current Equity 135,000 (Purchase Price) - 85,000 = $50,000Current Comps Similar Properties are selling for $155,000 to $170,000Current Mortgage Terms: 15 yr Fixed 3.325% Monthly payment of $996 (Includes Insurance and Property Taxes)Anticipated Total Earnings if Sold at End of July $64,500 (Sell Price $155K) to $78,500 (Sell Price $170K) Property 2:Town-home (Peachtree Corners, GA 30092)Current Rent = $2000-4000/Month (AirBnB) 60-70% Occupancy since November of 2017Purchased July 28th 2017 and currently residing in basement house-hacking with my younger brother.HOA $325/Month Covers, Water, Lawn Maintenance, Sewage, Security GateCurrent Equity 336,000 (Purchase Price) - 265,000 (Remaining Loan Balance) = $71,000Current Comps Similar Properties are selling for $345,000 to $360,000 due to private/public school ratings going up shortly after purchase.Current Mortgage Terms: 30 yr Fixed 4.326% Monthly payment of $1823 (Includes Insurance,PMI, and Property Taxes.)
Tim Kaminski
Replacing Old Windows- Need Advice
27 March 2018 | 24 replies
This is a long term buy and hold for me and I just had central AC installed so was looking for something that held some type of insulation value but was also concerned about hurricane protection as I don't want to be running around to all of my properties in the future putting up plywood.I wont be paying for heat but the bottom line is these windows will have to be replaced sooner or later.
Swati V Patel
Use IRA LLC to purchase my current primary residence
16 March 2018 | 14 replies
Yes - HELOC = Home Equity Line of Credit.
Angelica Hughes
Builders Risk Insurance
4 December 2019 | 7 replies
I am getting ready to close on my first investment property and came across having to purchase 2 types of insurance in order to close on my funding from a fix and flip Line of Credit product.
Brandon Craig
Brand New to BP and Real Estate Investing
20 March 2018 | 11 replies
I'm happy to share experiences with out of state rehabs, hard money lending, tax lien funds, rental units, investing, just drop me a line.
Max Gomeniouk
Enhance an offer on estate sale
16 March 2018 | 8 replies
No inspection contingencyWe considered taking out financing contingency and come up with more cash to close the deal, however, our agent stated that the sellers are in no hurry and are mostly concerned with their bottom line.
John D.
8+ Bedroom Vacation Rentals
23 March 2018 | 14 replies
I have a 3 story house with 9 beds, 4 bathrooms, 2 washers, 3 dryers, 6 televisions, 1 jacuzzi, 1 kegorator and 1 ghost.
Account Closed
Gadgets to attract millenial tenants
28 March 2018 | 21 replies
I have a Ring door bell and the thing goes off line randomly and has had battery issues, all in less than one year of ownership.
Brie Schmidt
Will there be another recession?
19 March 2018 | 62 replies
The result the speaker had had interpreted from the data was that we are in line for another recession, but this recession would have a minimal impact on housing prices themselves.
Alexandre Medrano
Rental Income numbers
29 March 2018 | 12 replies
But to avoid that, you can try going to https://www.zillow.com/ and then filter by the number of beds and baths for all the rentals in the neighborhood your property is in by zooming in on the map.