Give Me Your Investment Property Questions

Most of the content for this blog comes from questions from my customers. They feed me topics that I think many of you would like to hear. Back in November, I had posted a request for investment property questions and had great response. So, I am opening my ears for another round.

Send me your investment property or real estate questions. Give me the hard ones, give me the ugly ones. Just simply comment on this post and I will answer your questions on future posts.

Give me your best shot!

Scott

7 comments

#1J MyersJune 4, 2008, 10:49 am

I’m curious about what you consider a “fair” return for SFR rental investments. I purchase mostly industrial/warehouse properties and generally look for at least a 15% cash on cash return on my equity, fully loaded with vacancy reserves, maintenance reserves, and any management costs. I’ve been looking around the SFR market for awhile and have been appalled at the returns investors are willing to accept. BTW, I don’t count as part of my return tax credits, debt paydown, etc. Just cash.

#2jp moses | REI TipsJune 6, 2008, 1:49 pm

I read the book a few years ago. I remember thinking the same thing — seems to idealistic and not realistic. I feel being a full time investor and licensed agent myself qualifies me to be a decent judge. Although admittedly I didn’t try it myself.

I think I’ll try and search out some folks who’ve tried it and interview a few of them. Might make for an interesting case study article.

Thanks for the idea!

…jp

Ps…I found you through Google too. Nice blog!

#3John GallJune 12, 2008, 7:29 pm

I recently had my tennant go to the county for a one time crisis assistant payment to keep from getting evicted. If you wanted to give whatever you know about that or the process it might be interesting. Seemed like a one time thing Anoka County does and there was another group that was a non profit that would do the same for adults.

#4John GallJune 27, 2008, 8:28 pm

I thought of something, when you buy your properties do you buy it in your name or your LLC? If in your name do you later quit claim it to your LLC? Any thoughts as to how often a bank will use the due on sale after you quit claim to your LLC? If they do can you stop the due on sale by doing another quit claim deed back to your name? Cheers.

John

#5Investment PropertyJune 29, 2008, 4:36 pm

John-
Best is to put it into an llc after you buy it. The bank usually never finds out it is in an llc and calle it due. Plus they have enough on their plate now. They don’t want to be looking for issues. Check out this post: http://www.minnesotainvestmentrealestate.com/owning-property/investment-property-llc/

#6ClampetSeptember 12, 2008, 3:44 am

Looking for a firm interested in investing and owning a convension center in south dakota on a river. tax credits possible available. must share development fees with property owners, where to turn.

#7christinaFebruary 26, 2009, 1:43 pm

I am considering buying an investment property in Mpls. I am married, however, I am the only one listed on the title/mortgage of our home. I have heard my husband could homestead the 2nd property and avoid a big tax bill, etc….don’t want to break the law, but would be happy for a loophole.

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