Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Investment Properties in Phoenix : Real Estate Advice

  • All2K
  • Local Info158
  • Home Buying922
  • Home Selling100
  • Market Conditions70

Activity 26
Dave Jackson, Real Estate Pro in Phoenix, AZ
Wed Jan 4, 2017
Dave Jackson answered:
1 - 4 units are residential lending
5 + units are commercial lending

Commercial loans are generally at a greater cost and interest rate.
Residential loans are less expensive.


The income of the property can be used in a residential loan.
The income of the property is usually the only thing used in a commercial lending.

If your husband co-signs that means he is on the loan and on title. Basically he is a co-borrower or a joint borrower.
... more
0 votes 3 answers Share Flag
Karen Peyton, Real Estate Pro in Chandler, AZ
Tue Dec 27, 2016
Karen Peyton answered:
A single family residence usually sees better appreciation over the long haul, however due to costs and financial exposure for maintenance, many prefer a condo - no less than you described with 2 bedrooms and 2 baths. ... more
0 votes 1 answer Share Flag
Karen Peyton, Real Estate Pro in Chandler, AZ
Thu Nov 10, 2016
Karen Peyton answered:
Don't know if you're a buyer or seller, but the best bet for financing assuming reasonable terms is Seller Financing. Other than that, you're looking at hard money - but first I'd try a small bank which may offer a portfolio loan, and yes at the higher end of the percentage "down" you stated, with an appraisal contingency.

Best of luck!
... more
0 votes 1 answer Share Flag
Mmartinez40, Home Buyer in Phoenix, AZ
Sat Aug 27, 2016
Mmartinez40 asked:
USMortgageRa…, Real Estate Pro in Plano, TX
Thu Apr 7, 2016
USMortgageRanger answered:
See https://reo.wellsfargo.com/


I would be delighted to assist you in making your dream a reality and should you desire my assistance you can contact me via my profile information. ... more
0 votes 1 answer Share Flag
Rhino512, Home Buyer in Phoenix, AZ
Sun Apr 19, 2015
Rhino512 asked:
How do I update the pictures of my property ?
I own this property. the picture shown on your website is not up to date.
I have already updated the verbage for the property - like number…
0 votes 0 Answers Share Flag
Karen Peyton, Real Estate Pro in Chandler, AZ
Thu Feb 5, 2015
Karen Peyton answered:
The Graveline…, Real Estate Pro in Longmeadow, MA
Thu Jan 15, 2015
The Graveline Group answered:
Oh boy. Where to begin with Short Sales. They're very tough. We've had clients in love with houses, waiting for months, only to hear back with a NO from the bank.. If you have time and no emotional attachment, go for it, but just know that they don't all go through and they can be a HUGE headache. ... more
0 votes 6 answers Share Flag
Joseph Domino, Real Estate Pro in Scottsdale, AZ
Tue Jun 24, 2014
Joseph Domino answered:
The best person to answer your question is your tax consultant. He is absolutely correct that depreciation "might" hamper your profits. But only someone that has intimate knowledge of your financial situation can tell you for sure. He also should be discussing strategies to minimize your tax liability such as 1031 exchanges. The IRS code has plenty of loopholes to minimize tax liability if plan ahead.

I always am mystified by people who make income, profit, earnings and then complain about having to pay taxes. Be thankful you are making money. It could be worse, you could be in losing money.
... more
0 votes 2 answers Share Flag
Jennie Miller…, Real Estate Pro in Phoenix, AZ
Tue Jun 3, 2014
Jennie Miller, Pllc answered:
You have to decide what is your strategy first--Are you planning to buy and use the property as a source of income or are you looking for the potential for appreciation? Once you have decided what your goal is, then different areas will fit the mold that you have laid out. ... more
0 votes 6 answers Share Flag
Josh Barnett, Real Estate Pro in Chandler, OK
Tue Apr 1, 2014
Josh Barnett answered:
ukieone, Home Owner in Phoenix, AZ
Wed Mar 12, 2014
ukieone answered:
Hello,
Since you're in the real estate business please tell me how long can I keep a security deposit after the tenant moves out?
0 votes 8 answers Share Flag
janeaws2266, Home Seller in Prescott, AZ
Thu Feb 20, 2014
janeaws2266 answered:
I have a property that would be perfect for your first adventure in flipping houses. It is in Prescott,Az and is on the most prestigious historical street in Prescott, N. Mt Vernon. Please call me at 619-562-6850 ... more
0 votes 15 answers Share Flag
Murphy Team, Real Estate Pro in Portland, ME
Mon Feb 3, 2014
Murphy Team answered:
It may be relatively easy to investigate the monthly rental price of garage parking spaces in the area. In our area that would be around $110.month. There would be an added value to the garage space if it is adjacent to the apartment. ... more
0 votes 5 answers Share Flag
Jean-Leon Ma…, Real Estate Pro in Tempe, AZ
Sat Dec 28, 2013
Jean-Leon Magnotto answered:
What exactly is your question ?
0 votes 4 answers Share Flag
James.k.cich…, Home Buyer in Sacramento, CA
Sat Oct 19, 2013
James.k.cichello answered:
Tony is correct.

Current standards for 2-4 unit investment property requires 25% down.

You can go hard money with less down potentially, but the rate will kill you. I had multiple brokers tell me I could go 20% down initially, only to come back telling me they couldn't. I took my business elsewhere and luckily all has worked out.

Hope this helps.
... more
0 votes 8 answers Share Flag
Deborah Boyk…, Home Buyer in Camden, NJ
Tue Sep 3, 2013
Deborah Boykin answered:
investor-centric, -----fix-ups, multi-family, single family, options, commercial, empty lots--love this stuff
0 votes 4 answers Share Flag
Jennie Miller…, Real Estate Pro in Phoenix, AZ
Wed Aug 28, 2013
Jennie Miller, Pllc answered:
You will want to discuss this with an attorney and/or CPA since you will want to get advice that is specific to your situation. As a Realtor, I would not be able to advise you on this.
0 votes 4 answers Share Flag
Jennie Miller…, Real Estate Pro in Phoenix, AZ
Tue Jul 23, 2013
Jennie Miller, Pllc answered:
What a strange question! Do you own a window boarding up business?
2 votes 3 answers Share Flag
Jennie Miller…, Real Estate Pro in Phoenix, AZ
Mon Oct 15, 2012
Jennie Miller, Pllc answered:
There have been some great answers and the time is certainly now to jump in if you are planning to buy or sell. There were so many people that waited and waited trying to time the bottom of the market--the low point was January 2010-- and there are still folks that believe we are not at the bottom. The key to remember in real estate is that it is time invested--not timing. Over the long term time frame, real estate investors can chart returns. The short term strategy of waiting until there is a price drop doesn't always work. ... more
0 votes 4 answers Share Flag
1 2
Search Advice
Search

Followers

750