rental investing

[Vallavan]

anyone doing?

any good training / material / books you can recommend?

[Vallavan]

LTT

[LadiesTailor]

What’s your need ? Properties koni rent ki iddam Ana ? 

[joblessjack]

Vadu bro one of my friend tried in Detroit. Failed. 

home price is 200K , Mortgage is  $1500 Rent you get $1800 to $2000 

If you are luck and home is full occupied 12 months you get $2000X12 =$24000 - $18000 Mortgage for 12 months - Property tax of $5000 - HOA $2400- Move out cleaning at least $500 = $500 Profit  

IF there are no appliance damage , no issues with home like plumbing electric , And all 12 months its occupied and also no rental agent commissions. 

AND main thing is if its not your primary residence you pay high interest  and  DOnt forget to add rental income tax + Insurance 

He ended up in loss of $3500 in losses BUT he is building equity , Since the home is 10 years old now the price will go down or stay stagnant with is another loss . 

Dont forget you need to pay 5 to 8 % in agent fees when you sell.  

[Peddayana]

On 7/12/2020 at 11:22 AM, joblessjack said:

Vadu bro one of my friend tried in Detroit. Failed. 

home price is 200K , Mortgage is  $1500 Rent you get $1800 to $2000 

If you are luck and home is full occupied 12 months you get $2000X12 =$24000 - $18000 Mortgage for 12 months - Property tax of $5000 - HOA $2400- Move out cleaning at least $500 = $500 Profit  

IF there are no appliance damage , no issues with home like plumbing electric , And all 12 months its occupied and also no rental agent commissions. 

AND main thing is if its not your primary residence you pay high interest  and  DOnt forget to add rental income tax + Insurance 

He ended up in loss of $3500 in losses BUT he is building equity , Since the home is 10 years old now the price will go down or stay stagnant with is another loss . 

Dont forget you need to pay 5 to 8 % in agent fees when you sell.  

very good analysis man , db lo logic tho posts chala takkuva so nice to see this one. calculations are off a little bit but I get the point.

[HugoStrange]

see Biggerpockets youtube channel if you want to know more. 

[sureshkonda]

On 7/12/2020 at 10:22 AM, joblessjack said:

Vadu bro one of my friend tried in Detroit. Failed. 

home price is 200K , Mortgage is  $1500 Rent you get $1800 to $2000 

If you are luck and home is full occupied 12 months you get $2000X12 =$24000 - $18000 Mortgage for 12 months - Property tax of $5000 - HOA $2400- Move out cleaning at least $500 = $500 Profit  

IF there are no appliance damage , no issues with home like plumbing electric , And all 12 months its occupied and also no rental agent commissions. 

AND main thing is if its not your primary residence you pay high interest  and  DOnt forget to add rental income tax + Insurance 

He ended up in loss of $3500 in losses BUT he is building equity , Since the home is 10 years old now the price will go down or stay stagnant with is another loss . 

Dont forget you need to pay 5 to 8 % in agent fees when you sell.  

Home loan rental property kosam ante banks same interest rate ki isthunnaru.... ippudu nenu ade chesthunna. Manchi ga account la pukat ki $2k paduthunnayi every month. 

[manadonga]

Competition baaga perigindi 

it works chicago lanti area 

dallas lanti area lo kastam 

2 bed 2 bath 90k vachhiddi chicago subarbs lo patavi saripoddi 

[loveralsofighteralso]

 @Lakdikapool bal reddy

[tom bhayya]

14 minutes ago, sureshkonda said:

Home loan rental property kosam ante banks same interest rate ki isthunnaru.... ippudu nenu ade chesthunna. Manchi ga account la pukat ki $2k paduthunnayi every month. 

primary residence kaakapothey same rate ey bank kuda ivvadhu 

[sureshkonda]

10 minutes ago, tom bhayya said:

primary residence kaakapothey same rate ey bank kuda ivvadhu 

First loan primary loan ki theesukuni tharuvatha refinancing appudu rental ki kooda add cheyyamani cheppina. So mortgage balance katte varaku rental kooda same interest ki vachindi

[LadiesTailor]

1 minute ago, sureshkonda said:

First loan primary loan ki theesukuni tharuvatha refinancing appudu rental ki kooda add cheyyamani cheppina. So mortgage balance katte varaku rental kooda same interest ki vachindi

Ela workout chesav bro ? I’m confused here 

[sureshkonda]

9 minutes ago, LadiesTailor said:

Ela workout chesav bro ? I’m confused here 

Bank loan officer tho matladu bro. Nuvvu property ni 5-10 years tharuvatha rent ki isthanu..interest rate same undetattu chudu ante vade condition add chesi loan isthadu

[tom bhayya]

1 minute ago, sureshkonda said:

Bank loan officer tho matladu bro. Nuvvu property ni 5-10 years tharuvatha rent ki isthanu..interest rate same undetattu chudu ante vade condition add chesi loan isthadu

no one will do that, nee payslip, last year tax filings and utility bill property address lo lekapothey it will be consodered investment property and your interest rate will increase when you go for refinance 

[LadiesTailor]

1 minute ago, tom bhayya said:

no one will do that, nee payslip, last year tax filings and utility bill property address lo lekapothey it will be consodered investment property and your interest rate will increase when you go for refinance 

Exactly until unless you refinance the home before you rent it