s***i
发帖数: 114 | 1 另一个GERMANTOWN投资房进行中--Short Sale, 3 levels, walkout basment,
Purchase price $136K, will settle in a week.
0.5 bath more that last one.
Stainless steel appliance -- better than last one
3 month negotiation with bank -- better than last one
With about $1k renovation to move in condition(Contractor 的估价)
Target Rent: $1350-1400
BTW, hard to get deals in herndon right now but will keep looking. Next time
I will write some tips on how to put offer on the house you like.
Here is the post for last one:
***************************************************
http://www.mitbbs.com/article_t0/WashingtonDC/31226537.html
购买时间 2010 夏天
Purchased price: $139k - Short Sale, 3 levels, walkout basment, with about $
3k renovation to move in condition
mortgage amount: 100k
monthly payment: $580
HOA: $60/month
Insurance: $40/month
Property tax: $160/month
Total monthly cost: about $840
Maintain Cost: $0(up to now) cross fingers, this is case by case, it could
eat up your cash flow and turn it to negative.
Rent: $1300, rent out in a week
Cash flow: $400
Compare to Germantown MD, Herndon VA area has similar returns for
past two years. |
z****i
发帖数: 5193 | 2 Looks like a good deal. Is it on the east or west side of 270? How about its
relative location to great sceneca highway? Thanks |
i****y
发帖数: 5184 | 3 what is the market value for this house?
$136k with $1400 rent sounds real good.
time
【在 s***i 的大作中提到】
: 另一个GERMANTOWN投资房进行中--Short Sale, 3 levels, walkout basment,
: Purchase price $136K, will settle in a week.
: 0.5 bath more that last one.
: Stainless steel appliance -- better than last one
: 3 month negotiation with bank -- better than last one
: With about $1k renovation to move in condition(Contractor 的估价)
: Target Rent: $1350-1400
: BTW, hard to get deals in herndon right now but will keep looking. Next time
: I will write some tips on how to put offer on the house you like.
: Here is the post for last one:
|
s***i
发帖数: 114 | 4 Both townhouses are on the west side of 270. Zip: 20874.
Close to 119(great sceneca hw) and lotte plaza. About 3 mins drive to get
into 270.
Market value I would say ~170k. I use 1/100 rule to gauge investment
properties. The closer, the better. |
s****g
发帖数: 1028 | 5 Yes, this can be consider a good deal, but all super good deal are bought by
realtor first, so unless you plan to get realtor license, do not dream
about it. You can get a much better chance at auction (and there are so many
of them right now)
For you, try to make partner quick, you make a lot more money with much less work. (dealing with deadbeat renter is no fun)
【在 i****y 的大作中提到】
: what is the market value for this house?
: $136k with $1400 rent sounds real good.
:
: time
|
i***E
发帖数: 120 | 6 how to get this short sale townhouse.
I plan to have one too. |
s***i
发帖数: 114 | 7 1. Check the available/new listing daily
2. Be extremely familiar with the area
3. Send the the offer within 24 hrs and have the contract ratified
4. Have good relationship with listing agent, after you have been market for
a few years, you will know a lot of listing agents/brokers, they might
notify you before they put one house in market
5. Check what bank you are dealing with -- one lender or two, be familiar
with their style, one lender ususally is easier that two...
6. Know how much the owner owned the bank
7. A lot of experience you picked up along the way
......
I failed one short sale in Feb. The sale price is $119k and bank changed
their mind in the very last moment. It made me *&^%$#....so put everything
on paper asap if you could.....
【在 i***E 的大作中提到】
: how to get this short sale townhouse.
: I plan to have one too.
|
I**********0
发帖数: 54 | 8 Are you an real estate agent ? |
s***i
发帖数: 114 | 9 I used two agents for my first two houses. One of them is good. The other
one is not. Even I have agent that time I still visit the house or go to
auction myself. I wrote the offer without bothering them sometimes.
It is much quicker/efficient to see the houses if you have licenses. Now I
am licensed in MD&VA since my investment properties are in both states. So
far VA’s cash flow is little better than MD’s. At end of the day the rate
of return could be same since VA’s house has more repairs….
【在 I**********0 的大作中提到】
: Are you an real estate agent ?
|
s***i
发帖数: 114 | 10 Update
Settled on 5/20 and rented it out on 6/5/11 with target rent of $1350. |
|
|
z***y
发帖数: 7151 | 11 你是在讲解怎样做投资房还是想跟我们分享你的投资感言？
【在 s***i 的大作中提到】
: Update
: Settled on 5/20 and rented it out on 6/5/11 with target rent of $1350.
|
s***i
发帖数: 114 | 12 Could be both. I can try to anwser questions if someone has any.
【在 z***y 的大作中提到】
: 你是在讲解怎样做投资房还是想跟我们分享你的投资感言？
|
s***i
发帖数: 114 | 13 from wenxuecity not myself:
消息：内部消息，比较可靠的消息，但不是出自计划集团的消息：
6-7月份以后大批银行房上市，因为届时各大banks与政府将达成agreements.然后开闸
放水。 |
x**n
发帖数: 12542 | 14 cool, wait for it.
【在 s***i 的大作中提到】
: from wenxuecity not myself:
: 消息：内部消息，比较可靠的消息，但不是出自计划集团的消息：
: 6-7月份以后大批银行房上市，因为届时各大banks与政府将达成agreements.然后开闸
: 放水。
|
z***y
发帖数: 7151 | 15 等你们胜利的好消息
【在 x**n 的大作中提到】
: cool, wait for it.
|
z***y
发帖数: 7151 | 16 出租所得利润，要交税吗？
【在 s***i 的大作中提到】
: from wenxuecity not myself:
: 消息：内部消息，比较可靠的消息，但不是出自计划集团的消息：
: 6-7月份以后大批银行房上市，因为届时各大banks与政府将达成agreements.然后开闸
: 放水。
|
s***i
发帖数: 114 | 17 The answer is yes.
【在 z***y 的大作中提到】
: 出租所得利润，要交税吗？
|
l**n
发帖数: 7272 | 18 Nice. We are looking forward to buy one. LOL |
