Recent content by splorge_foh

Personally, I think the time is awesome to purchase investment property in the U.S. with a time horizon of 10-15 years. Im looking at chicago and my guts are telling me its a screaming buy. Appreciation not the compelling factor, its the insanely low rates combined with inflation hedge...

Likely the realtor is just covering his own ass. Re assessing the property at this time can only cause problems for him, i.e. you find something else that jeopardizes the sale. I guess he is advising you so that if indeed there is some problem down the line, you cannot come back to blame him and...

Hi, I"ll give my advice but please take it with a grain of salt. I am a licensed to conduct real estate transactions, but only in common law countries, so if you are in the U.S. it may not apply. It depends whether or not you put these fix or six repairs into writing or its just a verbal...

Your plan sounds strange. First, I doubt very much you can net zero on the primary residence if your family is occupying a part of it. Secondly, a building with multiple separate entrances is an atypical unit, and will turn off many potential renters. Duplexes and such attract starter families...

If this is the case, you can finance more of the purchase. The fact you are living in half the property means you can treat the other portion as "renting a room", which means periodic non essential income. If you account for the full value of the monthly payment in your finances and do not rely...

I would say getting positive cash flow with your suggested setup is difficult if not impossible. General rule of thumb with SFH purchase is to put at least 20% down, and this is if you are very experienced in managing property, tenant selection, etc. I would recommend 25% to 30% down to first...

Caring about area/size/fixtures etc. is all fine and dandy, but like I said these are functions of price. You want better, you pay more. There are plenty of crappy homes I would never live in that make terrific investments. tag along right means if the other party tries to find a buyer for...

If you are viewing this as an investment, the salient points should not be "buying something in a nice area" or "getting what you are looking for". These features are functions of price. Strictly speaking, as an investment one thing I feel you are discounting is liquidity, and going 50/50 in...

There is no way to "take your equity out" without either having the other party buy you out, or finding a buyer for your half of the property (unlikely unless family since its difficult to transfer half interest in a property). One option is to put the property into a company name, and then...

that sounds like a pretty bad idea unless you are very skilled in constructing houses, which it doesnt sound like from your email. The fact that you need someone to come inspect it and tell you the problems is not a good sign. if you can afford to do a full renovation on the house (25-40k...

I never understand why anyone takes a girl to a movie on the first or second date. its a weak fallback of a lazy coward. The entire point is to engage the girl socially, impress her with your boyish charm and rugged good looks. Spending two hours in a darkened room not looking at each other or...

i myself only nail girls who are at least a 7.3 on the Piven scale. I mean...we all have our standards!

why was your loan over 240k if you paid 8.5k down? shouldnt the loan have been around 236K? did you borrow the insurance and they lumped it in?

im not really sure what you are asking. If you are talking about the monthly cash flow only, it should be fairly simple arithmetic. add up the various costs like bills, mortgage, insurance, tax, estimated repairs per annum, cutting the grass etc. if you are assuming your salary will only remain...

for anyone who cares, the real estate market in Hong Kong is rising fast, especially in the luxury sector. there was a record breaking transaction at 9,120 USD per square foot for a 5,000 sqft apartment for 44 million USD (normal homes cost between 900 usd to 2500 usd per square foot). the...