Home Buying in 75023>Question Details

Farideh, Home Buyer in Plano, TX

5023 - No answers i like to buy a property for investment , with my money, i am not sure if i have to wait or just buy a land or an appartment or a

Asked by Farideh, Plano, TX Sun Jul 24, 2011

house with this money, thanks

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Answers

8
Hi Farideh,

It all depends on your investment objective and the timeframe.

I own many single family residential and naturally based on my experience, I specialize in this area. Based on where you buy your investment property, it could be cash flow positive as well as allow you to increase your equity over the term of the mortgage.

Like any investment, there are risks but are manageable. If interested in discussing further, please contact me.

Good luck:)

Poogle
Ph: (972)408-7402
Email: Poogle@rocketrealtytx.com
0 votes Thank Flag Link Thu Aug 14, 2014
Hello Farideh,

investing in properties requires lots of details and attention. First, you need to find an experienced firm or individual who has done this type of deals and were successful.

You can walk anytime to our office located in Plano, TX and I will personally answers all your questions and concerns.

My name is Dr Rahman and the address is

2070 W Spring Creek Pkwy
Plano, TX 75023

Phone: 972-517-3480
0 votes Thank Flag Link Tue Aug 5, 2014
FARIDEH

How did it go with your investment ?
I can help you to buy an investment property
if you are still interested give me a call to discuss
Thanks

John Hamidi
Keller William Realty
3600 preston rd Ste 100
Plano TX 75093
phone : 469-252-4661
website : http://www.johnhamidi.kwrealty.com

Mobile URL http://app.kw.com/KW171KAK
ACCESS CODE KW171KAK
0 votes Thank Flag Link Fri Sep 13, 2013
Some answerers assume you want to leverage your investment by taking out a loan to improve the property. If you're interested in committing to paying a mortgage payment every month this may be a valid assumption. In the current fearful climate, that's a commitment that many investors are shying away from. We simply don't know what the Feds are going to do to cure the massive deficit, but increasing income taxes by "closing loopholes" on investments is very likely.

Investing in land takes a long term plan. You would need to identify land that is valued low right now compared to its future value as something else. For example, buying farmland and maintaining it with its agricultural exemption, but six-ten years down the road selling after development infrastructure for streets, sewers etc can yield phenomenal returns. The problem is figuring out which way the expansion is going. Would you have guessed Frisco 10-12 years ago?

Rental properties, both single and multi family, require active management. You can't sit on your duff and watch money roll in. First, rents need to be collected. Second, properties need to be maintained. Third, turnover is inevitable. Returns on rentals promise to be quite good while the population growth continues and no substantial construction is completed. People are just not qualifying to buy and are forced to rent. It is, however, work to pursue investment in rentals.

The answer for you depends on what your objectives are and your disposition. Long term? Actively working on your investment? Leverage or not?
Web Reference: http://www.SumnerRealty.com
0 votes Thank Flag Link Wed Jul 27, 2011
Are you looking to purchase a home to lease out for rental income? Or are you looking to buy, fix up, and flip?

There are many questions when dealing with real estate as an investment. If you are looking to buy and rent, then I have a couple of homes that could yield greater than 10% return on investment. If you plan on doing the property managment yourself, you can come closer (or over) 15% return on investment.

Give me a call and let's discuss what your plans are for investing in real estate.

It's more than real estate, it's RAYL-Estate!

Brian Rayl
Keller Williams Elite
972-949-4222
Brian@Rayl-Estate.com
http://BrianRayl.com
0 votes Thank Flag Link Tue Jul 26, 2011
Farideh,

I would say no to land as this would be the lowest return and least desirable option with only $60,000. The reason I say that is because that money would basically buy you a lot in a subdivision or a an acre or two in a less desirable area. Land is very risky and you get no rent on it, if you buy it and there is no interest in it then you just let it sit and sit and sit.

A multi unit apartment complex is an option but with 60K that will only be a down payment but these can give you fantastic returns.

Let me know if you want help with your search as I work with investor and I am an investor myself. Thank You!
Web Reference: http://www.realtordamon.com
0 votes Thank Flag Link Mon Jul 25, 2011
Your first step should be to meet with a local and trusted mortgage broker, they can prequailify you at no cost, they will look at your credit plus your financials and let you know if there are any mortgage programs that you may quailify for. This will tell you what you can or can not buy now. good luck

http://www.trulia.com/blog/scott_godzyk/2010/05/secrets_to_g…


Please see my blog for tips and advice on getting a mortgage
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Mon Jul 25, 2011
Farideh,

Happy to help you decide.
We probably need to sit down and talk about your goals.
When you need the money again.
If you want passive or active investment.
What your risk tolerance is and some other questions.
0 votes Thank Flag Link Sun Jul 24, 2011
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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