Does anyone have suggestions on how I should purchase my first investment property? related questions

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Does anyone have suggestions on how I should purchase my first investment property?3Lisel2012-09-15 16:14:05
I live in Texas and I'm thinking of buying a property to rehab . Unfortunately I have the money to pay cash so I was wondering if anyone could give me some information about other financing options . Should I go to a bank or mortgage company ? Are there special loans to apply? I'm thinking of starting a small L.L.C. company for my investment properties . Is there any government help for small businesses like this ? I really do not know anyone in the industry , so I'm having trouble finding a lot of the information I need .
Is it possible to purchase investment property with no money down?010th grade2012-10-27 02:34:16
I recently moved and was a victum to a mortgage rate adj . Now I'm renting for the first time in 14 years. My family has agreed to buy a house for myself with it on your behalf . We have been reviewing and for them to buy the house that is 20 % in the investment property ? There are about 695 of credit is a loan which is real possible. We are looking for a way to buy a $ 80,000 with minumun money down if possible.
I have a property which I own outright but don't live in. I am looking to purchase a property?0Aletha2012-10-03 05:21:48
to live , my question is , when obtaining a mortgage for this new place , instead of paying a deposit that banks ensure that part of the loan against another property that I have my absolute ? , Or if I have yet to come up with the deposit before I pay the money ? MedlinePlus MedlinePlus thanks for any advice
Investment property?1kenz2012-10-11 09:58:02
Hello , I am looking for when renting property situation cover the loan and perhaps change a lil ... MedlinePlus any ideas?
Buying property for investment. Where?2finonn2012-11-04 19:40:02
My wife and I are planning to buy an investment property . Maybe a 2 bedroom apartment unit . The only thing is we can not decide where . Currently we are considering only Singapore and Australia MedlinePlus . MedlinePlus Holidays in Singapore are very high . The tax is low . And loan rates are low ( er ) . However, prices are rising. There is a possibility that they might be able to rent the unit . MedlinePlus MedlinePlus We are also considering Australia as could retire there . Specifically Brisbane and Melbourne . And property prices have been shooting so fast , we are concerned that if we do not buy now , we will not have the opportunity . There are also very low unemployment rate and we are very confident of renting the unit . However, taxes are high . There is even an income tax itself. And the rent is no big deal . MedlinePlus MedlinePlus So , any advice?
Walking away from an investment property?0Yassna2012-09-30 06:42:02
I bought a forclosure about a year ago that cost $ 250,000.00 and $ 20,000.00 in needed some repairs . I was trying to turn it around , but got caught in the tangle of housing and has been vacant for almost a year since been repaired . Since the house was worth about $ 600,000.00 I was able to get a home equity loan in the amount of $ 300,000.00 in cash. Even before the home equity loan , could not afford to pay the mortgage of $ 270,000.00 because of it . The house is obviosly not going to sell at all costs. Not now anyway . I even tried rent or lease purchase option . Still nothing . Should I walk outside and tackle the bad credit for the next seven years that will affect my credit? The only debt I have is my mortgage on primary residence , which is about $ 60,000.00 and I always pay cash for everything I buy . So I leave the house or go out hard ?
What are my alternatives to Investment property?0de kuilen high2012-09-30 22:24:03
I bought a condo in Florida ( investment property ) to the height of the real estate market . The purchase was made with a friend as a co-owner. As luck would have it, my partner lost his job a couple of years ago and can not pay their half more and is proceeding to bankruptcy . MedlinePlus MedlinePlus Obviously , I am responsible for the loan and am looking for some alternative , whether short or long term. Condo mortgages along with my personal residence mortgage is 48% of my gross salary . At this rate , I'll eat my savings within six to nine months. I am current on all payments . The property value has been funded by 90 % , with a mortgage and HELOC . Both are interest only loans . The current value of the property is 72% of the loan amount . MedlinePlus This means that the value of the property is currently 65% of what we paid. MedlinePlus MedlinePlus We have been renting the unit as a rental , but have only been able to rent about 25 % of the year . It generates enough revenue to cover about 20% of the cash outlay . Long-term prospects are slim hire . MedlinePlus MedlinePlus Any ideas on how to keep both the property and minimize damage or foreclosure is an option that should be considered in the way? Is a loan modification is possible , even in the investment property ? My credit score is very good at 805, so I guess that would sacrifice too. MedlinePlus MedlinePlus I 'm not looking for an easy way out , I just want to understand all of my options . MedlinePlus thanks
Property investment loan?0gee gee2012-08-20 06:11:26
Hi all, MedlinePlus MedlinePlus Just wondering if anyone can shed some light on how to get a loan for a property to rent in Australia . MedlinePlus MedlinePlus Does the lender takes into consideration income to summarize what you can afford to borrow and pay? Do they take into account tax deductions ? MedlinePlus MedlinePlus I have $ 500 spare months all expenses forever . The payments would be $ 1400, and the rental income would be $ 1300. Is this too tight? MedlinePlus MedlinePlus Any advice or thoughts on your own experience would be helpful.
Would this be a good way to get into property investment?1steve Alexander2012-10-13 03:17:02
History : MedlinePlus I've seen some properties for sale between $ 110,000 and $ 120,000 in regional Victoria who claim a last price of rent of $ 150. Current tennant , etc , etc MedlinePlus MedlinePlus After making a few quick searches I learned that , according to the latest figures , regional Victoria is growing at a faster rate (1.9 % growth compared to 0.9 per melb memory ) . One important thing I read was that unoccupied rental properties were small regional vic . Increased demand in regional areas . MedlinePlus MedlinePlus My Idea : MedlinePlus Save $ 30,000 a year for 4 years T = $ 120,000 ( easily do-able ) MedlinePlus MedlinePlus Take $ 120,000 to buy a house open so there was no martgage . At the same time , buy another house with funding ( $ 110,000 loan ) . Then rent the two houses out of about $ 150 pw each. MedlinePlus MedlinePlus According calulators basic online payment , payment on a $ 110,000 loan in years 10 9% would be roughly around $ 300. So rent payments would cover both properties . MedlinePlus MedlinePlus Then just wait and let others pay the mortgage after 10 years and ended with two houses for the price of 1 . MedlinePlus MedlinePlus Does this all seem do-able ? MedlinePlus MedlinePlus And yes I realize that there will be times that are vacant and not to rent, but I personally do not like paying a mortgage will still have disposable income and therefore will be able to cover repayments during these difficult times . MedlinePlus MedlinePlus There must be many things that I need , since everything seems easy . I think a good way to get your foot in the door . MedlinePlus MedlinePlus Someone I can bring to reality ? MedlinePlus MedlinePlus Thanks in advance
Need advice on ideas for investment property in SC?0Bread2012-10-15 12:50:50
I'm in a difficult situation and could use some advice . I have two condos in the area of ​​Hilton Head Island . I bought them two years ago with 100 % financing and interest-free loans to rent and sell then wait for now . Actually not overextending ourselves from the beginning , but my wife can not find a job now and the rent does not cover the costs of owning and our savings is down to not enough to cover the cost of much longer. MedlinePlus MedlinePlus 1. Does anyone know the foreclosure laws in SC to see if you can recover the different selling price? If foreclose , we owe it to 100 % , so I'm sure it will sell for that amount . Has anyone heard of the lender to make an agreement in advance to how much they could recover? Like for example if we agree to pay the HELOC 20% do not try to retrieve anything else . MedlinePlus MedlinePlus 2. I have a friend who deals with rental properties and possibly would agree to take them, but none of us have the money to refinance . Has anyone heard of lenders that allows someone to assume the loan ?
Purchasing investment property with little/no money down?3blackbird2012-10-20 06:58:02
I've been watching Flip This House on A & E and following the story of one of the investment teams . In an online interview - one of the founders , said he and his family were on welfare and food stamps, and was able to get a loan for investment in the first place . I'm not that terrible - but I was wondering how can that be?
Investment property on the coast. Buy or wait?0questiongirl2012-10-07 08:45:08
We have been looking for a property in the coast that we can buy and rent now as an investment then used later to semi retire to . We wanted to make sure you have what you need for water and the lake and Mt . We have found a property that meets many cases however, the rental return will never be a good buy for a drive in our city for the same price . Although we fear that in 10 years or so the type of property you want is not available and affordable and we will not be able to borrow really new to him as our wages will be lower , etc. We are in a deep discussion about our future lifestyle versus the loan service a bit easier now with the rent - not to say that over the years as we improve coastal property , a house , we can charge more rent. We also believe that as an aging society and people wanting to retire to the coast these coastal properties will be harder to find in reality . Any advice ?

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