 Good time to buy houses? |
| just thinking that the house price is falling at the moment. would it be a good time to buy if i pay cash? i have no debts or credit cards.... |
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 Why do they want your bank account numbers on rental applications? |
| Isn't that dangerous to put the info down? Cause I want to rent my own apartment for the 1st time and there's alot of personal finacial info that they want. I don't want to write any ... |
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 My house has been on the market for almost 6 months...? |
Real estate question..
I am very unhappy how the agents promised me they were going to put my house in all the newspapers and real estate book. They have not put it in one paper. When people ... |
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 Can a joint owned house be sold even though the other party refuses to sell?What is the way to sell my share? |
THIS QUETION IS FOR UK RESIDENTS ONLY
* I owm the property with my wife ( jointly owned).
* I want to sell the property, but the wife refuses!
* Can there be away of selling my share ... |
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 Can my landlord collect rent with a lien for 10,000 dollars placed on his property? |
| i recently discovered that my landlord has not paid his mortgage since july of 08 and the mortgage company told me not my landlord. he is taking my money for rent and not paying them..when i told him ... |
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| My parents paid the original loans in 1972 and I have paper work!? |
| One of the companies is one of the old savings and loans that went under years ago.... |
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 What are buyers rights when buying a home that is occupied by a renter? |
| We are in the process of buying a house in California. When we made the offer, it was accepted, etc, the tenants told us,our realtor and the owner of the home that they could be out at any time we ... |
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 I have a tenant, nice person, but she has different men come over almost every night.? |
| I know that it is none of my business, but I do have small children and who knows what they are doing. They are quite, but I am worried that neighbors may say something or report me (illegal). But ... |
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 How do I sell my home without a Realtor? |
| Is there anything special i need to know about selling my home without a realtor?... |
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 I live in a apartment on the second floor the people who live on top of us are very noisy? |
| The kids run and jump all night and sometimes in the day they drop stuff really hard oh the floor it was so hard my ceiling fan was moving should i report it to the managment or say nothing my ... |
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 Do I have any right to withhold my rent due to a mouse/cockroach infestation? |
| My tenancy agreement makes no mention of pest control and when I was being shown around the flat by the estate agent we specifically asked if it had any pest problems to which he answered no. Since ... |
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 Can you rent out a house you just purchased 7 months ago? |
| I don't want to lose money selling a house I just purchased because I know it hasn't increased in value. What steps can I take in order to rent out the house?... |
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 Do we have to pay our landlord? |
| It is now July 2nd I just heard the landlord knocking on the door for his rent. We have now lived here 4 months and paid on time every month. When we looked at the apt complex he specified that there ... |
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 Bidding on a home today... any suggestions? |
| My agent is going to draw it up but I'm looking for things that he should include to make myself safe in this process. Thanks ... |
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 How can I buy a house? |
I am a single parent on a limited income and have four children who need a home of their own. My credit sucks bigtime. How does someone like me buy a house? Please, serious responses only.
A... |
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. . | What would u recommend...Buying a big 30-unit apartment building, or buying 3, 10-unit buildings? |
In other words, do you think its better to scatter yur complexes around or to just have them all in one location?
And no i dont wanna invest in anything else right now besides residential real estate |
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m2
 |
buy the large one..
then get them converted to condo's.........and sell
good luck......... |
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amstarlender
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in the biz, I suggest the one site as to three. you will be able to oversee the operation and hire maintenance people who will become familiar with the property as you will too. in the long run this will yield a greater return than a smaller rental property. investors don't look at three units it spreads to thin to many sites. the tenants will be more on top of things when the see management on site regularly as to just mailing in a rent check. good luck, but get involved with something you are comfortable with. |
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Mike
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It depends on location(s). But I think that it would be more cost effective (to purchase and to maintenance) to buy just one. |
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normobrian
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If you can't make the payments on an empty building, you shouldn't buy either.
Otherwise, a single structure is easier to manage, but also puts you at risk for a single incident impacting all of your tenants at once.
If you have that much capital at hand (which you should have at least 50% of the total cost to put down), then you should consider buying and selling single-family homes and not having to deal with tenants at all. Buy a ranch house, paint it and sell it a week later for 10% more. Easy in, easy out. That's how my brother with no high school diploma makes $250,000+/yr. Any profit is profit. |
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Garden by M
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assuming you make millions, hire an analyst to tell you |
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Mayur S
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To go for 3, 10- Unit buildings would be a wise decision. There are many reasons why you should not go for 30 unit appt, & if I start to give you those reasons, then I won't be able to answer other questions pal. But I hope my suggetion helps you. |
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____
 |
first and most importantly if ur serious, its gonna be diffcult to get accurate up to date info on a free site.so dont go an ivest jus coz it seemed logical. be that as it may to you question (and im not smith and barney by any means),(but ill lay my hand down for you to see),always make your decisions on the pros and cons method when free lancing ,such as is the instant case 1. pro- with one building you incur the one prop. tax- a con for the multiple units.2.pro- the muliple units will be more cost effective to maintain,(yes by the time you factor traffic generated from visitation and day to day use more people in a condensed area will equall greater care taking). a con-.for the single unit you will have to hire someone to help you or perhaps quit your job, or if your finacially independent at the very least spend all your time there. i had a 26 unit complex and i busted my @ss,luckly i sold at a good price my losses where minimal. now you take the ball and finish the ground work. one last piece of advice it has alot to do with location, so get a goodservice that offers reasonable trust worthy background checks, and do backgrounds on all. i had 16 individual dwellings varying from truplexes to single dwelling the last thing you can afford is problem tenenats the laws on their side not yours, eviction notices, and forcible enty and detainer's can tally heavily in loss revenue, court case can be made to drag on waiting on procedures......... i said all that to say this," go with the three." |
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texas boy
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I suggest you go with the 3-10 unit buildings, it just adds variety and attracts more people, especially if they're in different locations. It's like having one big supermarket in one place or 3 decent sized ones in 3 different places, you'll get more variety and hopefully more business. |
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idog
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I'd go for the big, 30-unit apt. building. That way you only have one building to worry about instead of three. |
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rasckal
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I would recommend finding some hot chick down at the local night club..... |
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Wendy B
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Well first of all (since I am a real estate agent and an accountant) I would seek the opinion of a CPA to identify which situation has a higher rented to vacancy ratio as well as determine the differences in positive cash flows between the two. Meaning what's the 30 unit place rental income average less and the cost of maintaining the property/taxes/mortgage payment= positive cash flow, compare the two. or compare the one to the other three. Its all in the dollars not the placements of units owned. Hope I could be of help-Wendyt more questions hit me up here-- http://www.findhomesforsalewithwendy.com |
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