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Saarang

Chalanachithram.com DB » New TF Industry Related » Archive through January 20, 2017 » Saarang « Previous Next »
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Leader
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Posted on Thursday, January 19, 2017 - 10:24 pm:       


Saarang:




http://patch.com/washington/sammamish/sammamish-ranked-one-s afest-places-u-s
 

Saarang
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Posted on Thursday, January 19, 2017 - 10:09 pm:       


Awesomedber:

@Saarang Bhayya..
Some basic question as I am very much new to Seattle.
I see some lots listed at Sammamish at very low price like $125K for 9000+ sft lot, Aa areas lo $1mn ki takkuva undadu house price.
Wont it cheap to buy such lots & build it ourselves?
Example :
http://www.zillow.com/homedetails/210-NE-15th-St-Sammamish-W A-98074/2098907291_zpid/
Vaadu sewer & water kudaa undi street lo antunnadu.. Teera choose 8 months nundi unsold.
Eminaa tirakaasu undaa? Am I missing something here




Edho untundhi...storm water drains install chesaaru annaru ante 90% sure that they have some soil erosion issues. The land might be on a hill slope. Emi issue leka pothe inni days undadu.

Also 1 million type home ante mostly the land will sell around 400k. If you buy and build yourself you will have a 10% margin but not this much. These are typical lot sales without issues:

https://www.redfin.com/WA/Sammamish/20617-NE-16th-St-98074/h ome/25725948
https://www.redfin.com/WA/Redmond/16402-NE-116th-St-98052/ho me/18662283
 

Saarang
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Posted on Thursday, January 19, 2017 - 09:57 pm:       


Sasibabu:

superrr.... ippudu distressed property konnam anuko ....dhaani upgrades ki nuvvu every task ki contractor ki consult chesthaavaa leka do you have any team which does that?




Full time team maintain chese antha work undadhu naaku...ala undaali ante we need to have a different house under work every 2-4 weeks.

3 or 4 sub-contrators tho chepista depending on the house...roof, flooring, general repairs (like paints, cabinets, counters etc), plumbing etc ki okallu. End to end handle chese contractors will be expensive.
 

Spy_india
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Posted on Thursday, January 19, 2017 - 09:08 pm:       


Ntr_rocks:



Attardam ayyindaa.. Adi KN frds konnaru 70k ki ..vallavi kaki lekkal vesaa profit or breakeven aa ani :-)
 

Ntr_rocks
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Posted on Thursday, January 19, 2017 - 09:06 pm:       


Spy_india:


Manoorlo em invest cheyochoo cheppandi..


Meeru already movie distribution lo vunnaru ga...
 

Linkmaster
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Posted on Thursday, January 19, 2017 - 09:04 pm:       


Optionsgenius:

how many loans u can hav like this..




nee paying capacity matters..
 

Spy_india
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Posted on Thursday, January 19, 2017 - 09:04 pm:       


Saarang:




Manoorlo em invest cheyochoo cheppandi..
Illulaa kone stitilo levu.. Edanna land kondamaa ani thinking adi mana valla kaduvpermission ki time padutundi.. Poni restuarent aa ante puttagodugulla pettaru.. Emi cheyaali avudia plss..
 

Sanju
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Posted on Thursday, January 19, 2017 - 08:17 pm:       


Pulpfiction:


ee RE license ki evo state requirements vuntai anukunta kada like yoy have to put so many training hours before you can actually represent as an agent
 

Ntr_rocks
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Posted on Thursday, January 19, 2017 - 07:56 pm:       


Jai_ycp:



2 years lopala Amithe capital gains tax kattali.


Oh, Amme alochana ledu..:-)
 

Jai_ycp
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Posted on Thursday, January 19, 2017 - 07:55 pm:       


Ntr_rocks:




2 years lopala Amithe capital gains tax kattali. ADHe 2 years taravatha if you buy another home with proceeds from existing, no need to pay
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Pulpfiction
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Posted on Thursday, January 19, 2017 - 07:48 pm:       


Saarang:

Even now 10+ transactions per year cheste it would be a decent career.




1-2 per year part time ainaa chaaalu .. 10 per year is over-achieving ..


Saarang:

If studying and taking exams give you happiness




gives me feeling that i am still relevant in this competitive world which in reality i am not ...
Jai Rayala Seema !
 

Sasibabu
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Posted on Thursday, January 19, 2017 - 07:45 pm:       

Maa Saarang kurronni soothe muchata yesthundayya.. oorake raavu IIT lo admissions
 

Saarang
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Posted on Thursday, January 19, 2017 - 07:38 pm:       


Pulpfiction:

sarang ji ..

pls don't think it is too kiddish a topic for you to answer but below exam clear chesthey padi untadhi anukuntunnaaa what do u say ..

https://www.ncrec.gov/Brochures/general.pdf




If you want to become an agent go for it. Only to buy a house for yourself ante may be not worth the time. Few years back I thought real estate agents would become obsolete fast like airline and insurance agents...in hind sight, they are sticking around for quite a long time even though the margins appear to be on a slow and steady decline. Even now 10+ transactions per year cheste it would be a decent career.

Inkoti padi untundhi ani certifications cheyyaku annai...you need to pick 1 or 2 areas and invest time in those to make it big. If studying and taking exams give you happiness, then its ok.
 

Ntr_rocks
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Posted on Thursday, January 19, 2017 - 07:36 pm:       


Sanju:

you have to stay 2 yrs before you can buy another primary residence.


same doubt naaku mortgage ichina credit union ni adiga, vaadu with in 60 days lo move avvali, taravata nee istam annaru mari...I mentioned giving to rent also..
 

Optionsgenius
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Posted on Thursday, January 19, 2017 - 07:21 pm:       


Sanju:


for fha loan it is only 1 yr to stay in tht primary residence. i already told this and got credit approval.
 

Gotcha
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Posted on Thursday, January 19, 2017 - 05:42 pm:       


Sanju:

what is the advantage of 15 yrs vs. 30 yrs?


nenu chepindi best option, 15 years lo loan payoff ayipoyi investment vaste good kada, whether u can afford it or not anedi secondary.

commercial loans meeda properties konte consumer loans laga 30 years ki ivaru 5 years amortization to 15 years term ki istaru so aa lekka lo cheppa.
...
 

Sanju
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Posted on Thursday, January 19, 2017 - 05:36 pm:       


Optionsgenius:


you have to stay 2 yrs before you can buy another primary residence.
 

Awesomedber
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Posted on Thursday, January 19, 2017 - 05:31 pm:       

@Saarang Bhayya..
Some basic question as I am very much new to Seattle.
I see some lots listed at Sammamish at very low price like $125K for 9000+ sft lot, Aa areas lo $1mn ki takkuva undadu house price.
Wont it cheap to buy such lots & build it ourselves?
Example :
http://www.zillow.com/homedetails/210-NE-15th-St-Sammamish-W A-98074/2098907291_zpid/
Vaadu sewer & water kudaa undi street lo antunnadu.. Teera choose 8 months nundi unsold.
Eminaa tirakaasu undaa? Am I missing something here
 

Optionsgenius
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Posted on Thursday, January 19, 2017 - 05:21 pm:       

i bought house in utah as primary residence i gave it for rent and moved to dallas. i only put 5% on 1st home and mortgage is 1350 and rent is 1600. now in dallas i am buying another primary residence home with 20% down in april. in future if i have to move i will give this 2nd home to rent and will buy primary residence in new place.as long as my house is generating positive cashflow i can go for next primary residence loan in new state i move.is this true. how many loans u can hav like this..
 

Sasibabu
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Posted on Thursday, January 19, 2017 - 05:08 pm:       


Saarang:


superrr.... ippudu distressed property konnam anuko ....dhaani upgrades ki nuvvu every task ki contractor ki consult chesthaavaa leka do you have any team which does that?
 

Pulpfiction
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Posted on Thursday, January 19, 2017 - 04:49 pm:       

sarang ji ..

pls don't think it is too kiddish a topic for you to answer but below exam clear chesthey padi untadhi anukuntunnaaa what do u say ..

https://www.ncrec.gov/Brochures/general.pdf
Jai Rayala Seema !
 

Sanju
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Posted on Thursday, January 19, 2017 - 04:47 pm:       


Saarang:

I always go for 30 year loans as your monthly payments are lower and your cash flow will be better.


Thanks Rao garu..meerokkallu na thinking ok antunnaru..loan theesukuni bank odi dabbultho mana pocket loki ekkuva dabbul esukunta antey oddantunnaru janaal
 

Saarang
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Posted on Thursday, January 19, 2017 - 04:39 pm:       


Sasibabu:




First thing...Flipping and rentals 2 separate businesses...when you buy an investment property you need to be clear. Flipping is something like trading in stocks, rentals are like long term investing. Most people don't do both.

Flipping works only when you can buy a property atleast 20-30% below the market rate...ante the property has to be distressed. Buying and selling costs will be 10-15%, upgrades will be 5-10%, you will make 5-10% profit in 4-6 months and move to another property. Flipping only in the hope of appreciation is not at all a good idea....edho tv channel choosi inspired batch...ee madhya chaala mandha new investors digaaru, the they take the auction price close to 5-10% of market rate....so you need to have the patience to wait them out for several months for good deals. You will not get loans from conventional lenders for these.

Renting ante, long term investing. nenu icchina link is for renting. 6% is a good return (excluding interest)...you need to do 25% interest. I always go for 30 year loans as your monthly payments are lower and your cash flow will be better.

Most professionals, are very clear: they only do one. Nenu ee rendu concepts ni mix chesi delayed flipping chestaanu...ante hold for 2-3 years and sell. It helps in getting long term capital gains tax treatment on the profit.It also works well in a rapidly appreciating market....but i wont be stuck with too much risk if the market goes down (flippers don't like this risk at all so they sell immediately).
 

Sasibabu
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Posted on Thursday, January 19, 2017 - 04:16 pm:       


Jai_ycp:


dheniki 30 years best kaani. long term vunchukuni kids higher education ki ledha asset la iddhamu anukunte 15 years is best.


yeah thats what i thought
 

Jai_ycp
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Posted on Thursday, January 19, 2017 - 04:15 pm:       


Sasibabu:

may be house prices perige area lo you are flipping the houses ayithe its advantage anukunta



dheniki 30 years best kaani. long term vunchukuni kids higher education ki ledha asset la iddhamu anukunte 15 years is best.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Jai_ycp
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Posted on Thursday, January 19, 2017 - 04:14 pm:       


Ntr_rocks:

5% down chesi investment property konalema ?




straight way lo ayithe konalevu. no underwriter will write the loan for you. mari mana desi batch lo emanna special tricks vadatharu emo teliyadhu.

banks will be skeptical. primary residence ayithe veru. investment ayithe nuvvu rate spadipothe simple ga dump chesi pothe vadiki bokka so extra precaution.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Ntr_rocks
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Posted on Thursday, January 19, 2017 - 04:07 pm:       


Jai_ycp:


Investment property ki 25% kattali. 20% kadhu. second loans ivvaru typical ga.


5% down chesi investment property konalema ?
 

Sasibabu
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Posted on Thursday, January 19, 2017 - 04:01 pm:       


Sanju:


ante atleast 15 years ayithe ee illu manadhi anukovataaniki oka timeline and aasa vuntundhi kadhaa ... atleast 15 years tharuvatha you will have a property that is priced at something and that money you can use for somethings...but 30 years ante manadhi anukune lope manam vuntaamaa anedhi soodali kadhaa .... may be house prices perige area lo you are flipping the houses ayithe its advantage anukunta
 

Jai_ycp
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Posted on Thursday, January 19, 2017 - 04:00 pm:       


Sasibabu:



Investment property ki 25% kattali. 20% kadhu. second loans ivvaru typical ga.


Sanju:




ala kadhu kadha. Imagine you bought a apt for 160K. so 40K downpayment plus 6K closing. 46K spend chesthe and assuming you did not get anything else your money will become 160K after house is paid(15 years).

adhe 30 years ayithe neeku 70K avvutindhi. what is the purpose other than putting 200-300 dollars in your pocket.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Sanju
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Posted on Thursday, January 19, 2017 - 03:54 pm:       


Sasibabu:

less interest rate and more will go towards principal from your paymemnt....30 yrs theesukunte ....first few years most of your payment go towards interest and nuvvu oka 4/5 years tharuvatha choosukunte pedda loan amount thaggadhu


correctey and best suits if it is your primary residence. Investment property ki loan theesukunnppudu enti advantage? you are using bank money as leverage kada and all the interest you pay will be a small cut from your earnings over the term of the loan anukuntunna....

I may be looking at it wrong...senior RE experts, please clarify
 

Sasibabu
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Posted on Thursday, January 19, 2017 - 03:50 pm:       


Sanju:

what is the advantage of 15 yrs vs. 30 yrs?


less interest rate and more will go towards principal from your paymemnt....30 yrs theesukunte ....first few years most of your payment go towards interest and nuvvu oka 4/5 years tharuvatha choosukunte pedda loan amount thaggadhu
 

Sanju
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Posted on Thursday, January 19, 2017 - 03:47 pm:       


Gotcha:

best bet is like this
15 years loan, 15% down, atleast 5$ month ki migulte after paying all the mortgage, insurance, taxes

250k town house ki general ga nuvvu 50k down chestavu, mee dallas lo ayite 35k ki down chesina ichetolu unaru. so aa 50 k ki after everything month ki 200 migulte 200*12=2400/50000=4.8% return needi


what is the advantage of 15 yrs vs. 30 yrs?
 

Gotcha
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Posted on Thursday, January 19, 2017 - 03:21 pm:       


Sasibabu:


best bet is like this
15 years loan, 15% down, atleast 5$ month ki migulte after paying all the mortgage, insurance, taxes

250k town house ki general ga nuvvu 50k down chestavu, mee dallas lo ayite 35k ki down chesina ichetolu unaru. so aa 50 k ki after everything month ki 200 migulte 200*12=2400/50000=4.8% return needi
...
 

Stellar
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Posted on Thursday, January 19, 2017 - 03:19 pm:       


Sasibabu:

asalu 20% down kattatam worth aa...inka thakkuva kadithe better aa




2008 laaga housing crisis vasthe bokka padatadi. lekapothe manchi areas lo baagane work avuddi dabbulu bank lo vunte
 

Sasibabu
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Posted on Thursday, January 19, 2017 - 03:15 pm:       

so ippudu manam oka 250 etti townhome konnam anuko with 20% down and dhaniki rent oka 1500 vachindhi anuko assuming only 10 months are rented and 2 months vacant .... ante 200 Loan .....

asalu 20% down kattatam worth aa...inka thakkuva kadithe better aa .... and property taxes and loan interest for 20 years loan workout avuthundhaa....is that a good idea... nuvvu house flippings lo expert vani sepparu...so asking
 

Sasibabu
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Posted on Thursday, January 19, 2017 - 03:13 pm:       

\

cap rate meedha good article:

http://www.nolo.com/legal-encyclopedia/is-that-residential-r eal-estate-investment-property-worth-it.html\

bottomline ettu

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