Investment property rental in US

[pakeer_saab]

25 minutes ago, Warangalbidda said:

Oka 400k budget lo 20yrs old houses dorkuthunai 3bed rooms. ipudu unna house medha equity 10% theskoni down payment chestha, 350k ki loan monthly oka 3k untadi.

house rental purposes ki istey oka $2200 vastadi

property Management vallaki ki oka 10-15% potadi so overall ga Naku oka 1k hand nundi pay chesta .
 

2nd house untundi daniki value kuda perugutadi kada.

idhi na plan

if values of both properties go down. and the rents go down too. what happens??

[LakshmiParvathii]

sulekha lo peduthe desi families dorkutaru no cc @PappuLokesh 

property management enduku

[gudboy]

4 minutes ago, pakeer_saab said:

if values of both properties go down. and the rents go down too. what happens??

[Hitman]

6 minutes ago, pakeer_saab said:

if values of both properties go down. and the rents go down too. what happens??

Rents already went down. earnings are reduced by 10 to 20% compare to 2022. 

[Warangalbidda]

9 minutes ago, Mirzapur_kattappa said:

Wrong time to buy property house..put your savings to savings bank for 4.5% interest

Which bank is giving 4.5% interest in savings ?

[Fish]

33 minutes ago, Warangalbidda said:

Oka 400k budget lo 20yrs old houses dorkuthunai 3bed rooms. ipudu unna house medha equity 10% theskoni down payment chestha, 350k ki loan monthly oka 3k untadi.

house rental purposes ki istey oka $2200 vastadi

property Management vallaki ki oka 10-15% potadi so overall ga Naku oka 1k hand nundi pay chesta .
 

2nd house untundi daniki value kuda perugutadi kada.

idhi na plan

Yee inflated prices lo rental property kontaara  
 

2008 recession lo rents kuda 40% thaggayi, not only home prices 

[Deadp0ol2]

41 minutes ago, Warangalbidda said:

Oka 400k budget lo 20yrs old houses dorkuthunai 3bed rooms. ipudu unna house medha equity 10% theskoni down payment chestha, 350k ki loan monthly oka 3k untadi.

house rental purposes ki istey oka $2200 vastadi

property Management vallaki ki oka 10-15% potadi so overall ga Naku oka 1k hand nundi pay chesta .
 

2nd house untundi daniki value kuda perugutadi kada.

idhi na plan

old homes value depreciate aithaai man and daaniki mast repairs ostaai plus neeku rental value kooda antha raadu nobody prefers. you will drain monthly income and lose long term value also. etu choosina bokke. 

[gudboy]

10 minutes ago, Warangalbidda said:

Which bank is giving 4.5% interest in savings ?

check HYSA from SOFI, Amex ,Discover etc

[pakeer_saab]

1 hour ago, Warangalbidda said:

Which bank is giving 4.5% interest in savings ?

apple savings account does it and its  easy to take money out if you need it

[PappuLokesh]

2 hours ago, LakshmiParvathii said:

sulekha lo peduthe desi families dorkutaru no cc @PappuLokesh 

property management enduku

I manage my own property Anna not homeless like @csrcsr

[stonks_pro]

 

1 hour ago, gudboy said:

check HYSA from SOFI, Amex ,Discover etc

 

17 minutes ago, pakeer_saab said:

apple savings account does it and its  easy to take money out if you need it

How dynamic n frequently the rate changes will be bro? Sofi 4.5% and CIT offering 5% both federally insured 

[Konebhar6]

4 hours ago, Warangalbidda said:

Oka 400k budget lo 20yrs old houses dorkuthunai 3bed rooms. ipudu unna house medha equity 10% theskoni down payment chestha, 350k ki loan monthly oka 3k untadi.

house rental purposes ki istey oka $2200 vastadi

property Management vallaki ki oka 10-15% potadi so overall ga Naku oka 1k hand nundi pay chesta .
 

2nd house untundi daniki value kuda perugutadi kada.

idhi na plan

Plan bane undi. If houses appreciate then its a decent plan. But if housing drop or remain same, your negative cashflow will become a pain down the lane.

If you still want to go ahead with the plan, look for a place where house prices are low and the town has potential down the lane. For e.g. collage town's. Look for collage town's where they have plans to expand and buy there. You need to do quiet a bit of research though. Talk to a few realtors and layout your plan with them. Do not believe/trust them but just hear what they have to say. 

[Konebhar6]

4 hours ago, Hitman said:

If you 1 rupee item at 0.50 to 0.75 it is called investment. it is not when you buy the same at 2 rupees.

 

At this time the rental property yields are anywhere between -$500 to -$1500 (decent area, decent town home). if you deposit the funds in Bonds/Bills, your income is +1000 to +1500. 

 

Absolutely agree.

[rmJU72]

This is an iffy market for RE, but if it’s just a 400k home probably still ok if u really want to do it.

make sure u have enough monthly income to cover the second mortgage in worst case scenarios, and that the property is in a rentable area.

Finally remember that in the US, RE should only be one of ur diversified investments and not ur only investment.

[pittagoda]

5 hours ago, Warangalbidda said:

Oka 400k budget lo 20yrs old houses dorkuthunai 3bed rooms. ipudu unna house medha equity 10% theskoni down payment chestha, 350k ki loan monthly oka 3k untadi.

house rental purposes ki istey oka $2200 vastadi

property Management vallaki ki oka 10-15% potadi so overall ga Naku oka 1k hand nundi pay chesta .
 

2nd house untundi daniki value kuda perugutadi kada.

idhi na plan

Same plan but have 350k cash so looking for something.  I need at least 2.4k rent. After taxes 1600 anna ostadi and I need to pay my 750k primary loan to reduce monthly. 3% loan so don't want to payoff the  350k.