All Forum Posts by: Preeti Sampath

Hey Wesley. I have looked at the comps in the area. We have better amenities and a way bigger yard than all comps. The house is in immaculate condition. We have smaller square footage compared to some of the comps. Our fees are actually cheaper and more practical than other places. And yes, the qualifications are listed. Check here.

I have listed it there as well. I am not too happy with the feedback there. Most people there don't seem to have credit and that's a definite NO for me. 

Hey guys, 

I am new to rental property investing! We are almost ready with our rental home unit and I am looking for tenants. For some reason, I am only getting tenants that don't really meet my minimum qualifications. I have had it listed for less than 10 days. We will be able to show the home starting this weekend officially. (Master bathroom update rehab) Could you guys review my rental and tell me if there is something I can do attract tenants? The price is pretty typical in Denver. 3 Bedroom apartments are going in this area for $2400+Pet Fees+Garage Fees. We are charging $2619+$30 per pet + $35 Utility Fee for Solar Panels, Rain barrels as the home has very low utility bills. 

Thanks in advance for any ideas or tips! 

@Debra A. Thanks for the info. I will see what they have. 

@Debra A. There seems to be restriction of 75% ATV. I didn't purchase it at discount. It's just a regular price for the area.

@Nicholas Iglesias Thanks for the verification. It is an investment rental property. Is there any other options or work around that we can do? Maybe portfolio lenders or smaller credit unions?

Wohoo! I bought my first property! Now I am working on getting a cash-out refinancing to secure a fixed 30 year mortgage. I know most banks only offer 75% LTV. I am wondering if anyone can offer me ideas of how I can secure financing at 80-85% LTV.

Background:
Purchased Friday, June 21st. Single Family Home. 

Hello everyone, 

I have a quick question about buying a rental Investment property with cash. I am intending to buy this property as a cash purchase. Then I will pay monthly interest ONLY (no principal) to my private lender. This lender lives outside the US. Can I still deduct loan interest during taxes to reduce my tax from rental income? Secondly can I deduct depreciation on my rental property even though I am an individual and not a LLC?

Also any recommendations for CPA sepcializing in real estate would be awesome.

Thanks! 

@Matt M. @James Carlson Thanks for your input! 

I own my primary residence up in North Thornton by Highway 7. I am open to nice 2-3 bedroom condo or townhouse. Duplex's are insanely expensive right now so maybe down the road, I will look at them. My husband will be buying the investment property as I own our home. I want to leverage my funds saved to get 1 or 2 properties. Since most rental investment properties our 20% down, do you have any ideas on how could get a couple of properties? How do you guys feel about hard money lenders?

Thanks!