Menu

Home › Forums › Housing › Investment Property Loans for Condos – 4plexowner?

Viewing 11 posts - 31 through 41 (of 41 total)
1 2 3
  • Author
    Posts
  • January 21, 2009 at 9:25 PM #333333
    recordsclerk
    Participant

    If you have the cash to buy one unit, why not buy 1 unit first. Then take out a HELOC on the property. You should be able to get about 75% LTV. Then save until you have enough to buy a second unit cash. You said you don’t have a current mortgage. Do you own a home outright. You could borrow against your home with a really good rate currently. If you are a renter, is it possible to live in the unit you purchase? You would be able to get a really good rate on a HELOC.

    January 21, 2009 at 9:38 PM #332810
    thebazman
    Participant

    South San Diego? Are we talking South Bay? Curious about which complex it is…there seem to be a lot of deals down in that area.

    January 21, 2009 at 9:38 PM #333145
    thebazman
    Participant

    South San Diego? Are we talking South Bay? Curious about which complex it is…there seem to be a lot of deals down in that area.

    January 21, 2009 at 9:38 PM #333338
    thebazman
    Participant

    South San Diego? Are we talking South Bay? Curious about which complex it is…there seem to be a lot of deals down in that area.

    January 21, 2009 at 9:38 PM #333226
    thebazman
    Participant

    South San Diego? Are we talking South Bay? Curious about which complex it is…there seem to be a lot of deals down in that area.

    January 21, 2009 at 9:38 PM #333253
    thebazman
    Participant

    South San Diego? Are we talking South Bay? Curious about which complex it is…there seem to be a lot of deals down in that area.

    January 21, 2009 at 10:57 PM #333398
    Sandiagon
    Participant

    Lazy Daze,
    I am not sure about your short and long term goals of your investment. I will provide basic information an investor needs to know.
    1.Do you have investment plan?
    2.If your plan fails, what is your maximum risk? Do you lead the life pretty much same like now after your investment failed?
    3.Do you want to start separate company (LLC) for these investments? If not immediate, you need to start LLC within a year and move your properties to LLC. Tax consultant can explain this process. This is the way you limit your risk to investment properties only and you will protect your personal assets.
    4.If you are in high income tax bracket (like $357,700 +), just buy one or two single family homes for tax shelter (Total loans must be below $1,000,000.01). Your cash flow will be negative for several years. But you will get good returns after 20 years or 25 years. Any how you need to pay capital gain tax (between 0% and 18%). No LLC required in this scenario.

    January 21, 2009 at 10:57 PM #333315
    Sandiagon
    Participant

    Lazy Daze,
    I am not sure about your short and long term goals of your investment. I will provide basic information an investor needs to know.
    1.Do you have investment plan?
    2.If your plan fails, what is your maximum risk? Do you lead the life pretty much same like now after your investment failed?
    3.Do you want to start separate company (LLC) for these investments? If not immediate, you need to start LLC within a year and move your properties to LLC. Tax consultant can explain this process. This is the way you limit your risk to investment properties only and you will protect your personal assets.
    4.If you are in high income tax bracket (like $357,700 +), just buy one or two single family homes for tax shelter (Total loans must be below $1,000,000.01). Your cash flow will be negative for several years. But you will get good returns after 20 years or 25 years. Any how you need to pay capital gain tax (between 0% and 18%). No LLC required in this scenario.

    January 21, 2009 at 10:57 PM #333287
    Sandiagon
    Participant

    Lazy Daze,
    I am not sure about your short and long term goals of your investment. I will provide basic information an investor needs to know.
    1.Do you have investment plan?
    2.If your plan fails, what is your maximum risk? Do you lead the life pretty much same like now after your investment failed?
    3.Do you want to start separate company (LLC) for these investments? If not immediate, you need to start LLC within a year and move your properties to LLC. Tax consultant can explain this process. This is the way you limit your risk to investment properties only and you will protect your personal assets.
    4.If you are in high income tax bracket (like $357,700 +), just buy one or two single family homes for tax shelter (Total loans must be below $1,000,000.01). Your cash flow will be negative for several years. But you will get good returns after 20 years or 25 years. Any how you need to pay capital gain tax (between 0% and 18%). No LLC required in this scenario.

    January 21, 2009 at 10:57 PM #333205
    Sandiagon
    Participant

    Lazy Daze,
    I am not sure about your short and long term goals of your investment. I will provide basic information an investor needs to know.
    1.Do you have investment plan?
    2.If your plan fails, what is your maximum risk? Do you lead the life pretty much same like now after your investment failed?
    3.Do you want to start separate company (LLC) for these investments? If not immediate, you need to start LLC within a year and move your properties to LLC. Tax consultant can explain this process. This is the way you limit your risk to investment properties only and you will protect your personal assets.
    4.If you are in high income tax bracket (like $357,700 +), just buy one or two single family homes for tax shelter (Total loans must be below $1,000,000.01). Your cash flow will be negative for several years. But you will get good returns after 20 years or 25 years. Any how you need to pay capital gain tax (between 0% and 18%). No LLC required in this scenario.

    January 21, 2009 at 10:57 PM #332870
    Sandiagon
    Participant

    Lazy Daze,
    I am not sure about your short and long term goals of your investment. I will provide basic information an investor needs to know.
    1.Do you have investment plan?
    2.If your plan fails, what is your maximum risk? Do you lead the life pretty much same like now after your investment failed?
    3.Do you want to start separate company (LLC) for these investments? If not immediate, you need to start LLC within a year and move your properties to LLC. Tax consultant can explain this process. This is the way you limit your risk to investment properties only and you will protect your personal assets.
    4.If you are in high income tax bracket (like $357,700 +), just buy one or two single family homes for tax shelter (Total loans must be below $1,000,000.01). Your cash flow will be negative for several years. But you will get good returns after 20 years or 25 years. Any how you need to pay capital gain tax (between 0% and 18%). No LLC required in this scenario.

  • Author
    Posts
Viewing 11 posts - 31 through 41 (of 41 total)
1 2 3
  • You must be logged in to reply to this topic.