We are considering buying an k rental property house. Our savings, IRA’s, and own home are all in good order. I think I am overthinking this decision. Did anyone else ever walk through this and rationally get past your fear?
If so, can you tell me your thoughts and how you worked through it? Has it been a good decision? Thanks for any help.
I have rehabbed properties in North Carolina, typically appreciating 7-12% per year. There are property managers currently in place. Ready to be sold below market value.
I want to diversify my business (it is no way related to real estate at all). I am looking at the possibility of buying a rental property or possibly a vacation rental property (i.e. a condo at a ski resort or something along that line). Which mortgage companies specialize in this? I assume they will want financial statements from the company or can I do a stated loan? What size down payment would be typical?
I know I could contact a lawyer, real estate agent, bank and a mortgage person but I don’t want their salespeople to start bugging me right now (I get too many telemarketers calling me now as it is). I want to get some background info so I can ask intelligent questions when I start talking to those people mentioned above.
My wife and myself have been talking of buying some rental property but i have no clue about being a landlord….got any advice, books, websites, etc…that can help out with learning the basics..the things i really need to know? is it worth the headaches?
I am really looking to buy cheap and best rental property in UK. Is there any idea from your side?
Also how do I go about buying foreclosed property?
Could some please clarify if husband & wife borrow money to buy rental properties, is it strictly 50% each because it is in joint names or can it be portioned , lets say: 25% & 75% respectively when claiming interest for income tax purposes?
I am buying 5 properties and need to know which company understands rental properties, is cost-effective, and will be there when a claim is filed.
I have good credit but only 5k cash on hand. I want to start buying rental properties, single family homes around 60-80k in the KC,MO area. Would now be an ideal time to do this?
We are considering buying a property and renting it out. What are some of the benefits and drawbacks? Advice please?
If so would you ever buy a house from someone to use as a rental and then let them rent it for a couple of months while they have a house built? Has anyone ever heard of someone doing this?
Mu husband and I want to buy a rental properties to get started in this business. I have read a few books. Where else can I find resources to learn more?
PS: do not point me to these real estate "gurus" sites, please.
Also, if I do incorporate, can I have the office in my home?
The rental property I am looking at is in a nice area, but there are at least three other properties in the same area for sale. Is this a good idea or look in an area with less turnover?
I am considering buying a rental house property nearby a University for 0,000.
The monthly gross income works out to 00. I would have to pay for water/electricity etc. (approx. 0 per month), prop taxes (approx 0 per month).
Considering only 8 months of the year are guaranteed University student months (the town is largely vacant during the summer), and the fact that students seem to be a pain to deal with, is it worth the investment?
any reasons to justify your choice?
Yeah I cant afford to buy a house in California or within an hour of where I live, I live in the San Francisco Bay Area. Forget about it.
Rainy, I was thinking about Houston, can you turn your comments on so I can contact you or you can contact me on my comments =) I’ve been trying to learn more about the houston market. Housing there is right in my price range, but I don’t know how the rental market is.. up? down? tepid? wheres a place that local houstonites go to look for rentals? I tried craigslist but I think only people in SF use craigslist =)
What other things should I look for when setting this up or any good companies I can work with?
What’s the best way to purchase a rental property with little cash? I currently own my primary residence, but don’t have a lot of extra cash lying around to purchase a rental property. Can I use the equity in my home for the down payment?
Im looking at buying a rental property in a town in Canada. Ive previously bought two houses but here but they were much newer.
This house was built in the 1930’s. What things should I be looking at ?? How can I spot potential trouble before putting a bid in. If we do decided to place a bid we will get a house inspection but I really want to know what I can look for as red flags as not to waste money on a house inspector before we place a bid.