Comments on: Give Me Your Investment Property Questions

By: christina

christina — Thu, 26 Feb 2009 19:43:48 +0000

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.

By: Clampet

Clampet — Fri, 12 Sep 2008 09:44:20 +0000

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.

By: Investment Property

Investment Property — Sun, 29 Jun 2008 22:36:15 +0000

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/

By: John Gall

John Gall — Sat, 28 Jun 2008 02:28:27 +0000

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

By: John Gall

John Gall — Fri, 13 Jun 2008 01:29:17 +0000

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.

By: jp moses | REI Tips

jp moses | REI Tips — Fri, 06 Jun 2008 19:49:03 +0000

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!

By: J Myers

J Myers — Wed, 04 Jun 2008 16:49:25 +0000

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.