Buying foreclosed homes at the courthouse steps Real Estate |
- Buying foreclosed homes at the courthouse steps
- [LA] Is real estate appraisal a viable option for a part time source of income?
- How many houses will a realtor find that Zillow etc wont?
- (Canada, GTA) Rental Property vs Flipping with around 250k
- [GA] I'm buying a house, the tax bill shows one city+zip code while the USPS and apparently everything else shows another
- Does replacing home with electric fireplace decrease value of home?
- What site will best let me search for a house by a specific area on the map? Searching by zip codes getting annoying
- [CA] Benefit of Real Estate Classes?
- Simpsons Real Estate Study Song
- [PA] Recommend any specific resources to getting your real estate license in PA?
- [PA] - Would be first-time homebuyer, 1-5 year potential timeframe, what to consider
- Critique my investment strategy
- Mortgage/Credit advice for high schoolers
- Looking at a flip this week. Not sure what I should be looking for.
- How much do you need to start flipping? (UK)
- Best State to Invest
- Info about becoming a real estate agent
- Is this actually possible?
- Newly single mom - trying to decide if renting or buying is best for me
- New York State: Yearly Disclosures from Coop and Condo Board Members Begins in 2018.
| Buying foreclosed homes at the courthouse steps Posted: 01 Jan 2018 02:33 PM PST I'm interested in learning more about buying foreclosures from the courthouse. I am a licensed broker and licensed appraiser who knows just enough to be dangerous regarding this process. I know you need small amount cashier checks to pay when the bid is accepted. I know they put a list out but don't know where. Any tips on how to be successful at this in Alameda county or the greater Bay Area? Oakland, CA [link] [comments]  |
| [LA] Is real estate appraisal a viable option for a part time source of income? Posted: 01 Jan 2018 07:47 PM PST I'm wondering if appraisals could be a viable option as a part-time source of income. I currently work a Monday to Friday full time job so I don't even know if become a licensed appraiser is even possible or worth it. My state requires 2500 hours of experience. As far education requirements, I would pretty much be starting at square one. I have no real estate education or back ground. My dad has been buying a few pieces of real estate as investments and my mom has a few rental properties. The company I work for is starting to build houses and I've started to really take an interest in real estate lately. I could also use an extra source of income. Is real estate appraisal viable as a part time job with when I'm currently working full time? Is it worth the hassle to become licensed? I'll take any insight. Thanks! [link] [comments]  |
| How many houses will a realtor find that Zillow etc wont? Posted: 01 Jan 2018 06:26 AM PST |
| (Canada, GTA) Rental Property vs Flipping with around 250k Posted: 01 Jan 2018 08:00 PM PST Parents might sell their house to start a business in either rental property or flipping. Father is handy-man and currently is a subcontractor(concrete finisher) not related to homes but to commercial buildings. When he brought our current home he flipped it and when he first arrived in the 90s, his first job was being a building superintendent so its not like hes unfamiliar with either. However, hes undecided on which to pick and I feel like theres many hidden things he might not know about. I was hoping if I could get more insight into both fields (i.e risks, profit, time management, taxes, etc); thanks. [link] [comments]  |
| Posted: 01 Jan 2018 07:36 PM PST I'm buying a house in Columbia County, GA. Looking at the tax bills (including the one paid up in December 2017), they show it as being in the city of Grovetown, in zip code 30813. But USPS, zip code maps, Google Maps, etc, seem to show it being in the city of Martinez, GA, in zip 30907. It is very near the zip code border (at least according to this map, so I'm thinking that what might have happened is that it was originally in 30813 but the zip codes were redrawn at some point and the tax records were never updated. It's in the same county, so I'm not really sure what needs to be done, if anything. Does it matter what city is on the property tax bill? Do I need to have this corrected? Could this cause any trouble for me down the road? [link] [comments]  |
| Does replacing home with electric fireplace decrease value of home? Posted: 01 Jan 2018 09:19 PM PST Hi, I am in the process of buying a home and the floor plan we selected has a slanted fireplace in the living room which we don't like and rather have more space to make it look more open. I have told the builder to remove the fireplace and build a straight wall and I plan to install an electric fireplace after closing. Does removing a gas fireplace decrease the value of the home? (Texas) VS adding a electric fireplace? I've read that electric fireplaces are energy sufficient and also warm the home faster if not better than traditional fire places. I am attaching before and after pictures of two homes. Before picture is the one with the fireplace and 2nd is similar to what we want to make with the electric in the center of the living room. Please let me know your suggestions! [link] [comments]  |
| Posted: 01 Jan 2018 06:21 PM PST |
| [CA] Benefit of Real Estate Classes? Posted: 01 Jan 2018 12:50 PM PST My local community colleges offer courses in Real Estate Principles, Practices, Finances, Investments, & Legal Aspects of Real Estate Do these courses offer any benefit besides fluff knowledge? Like specifics? Or if Possibly attaining a Brokers' license (my career is in a different field)? Or is it better to focus on acquiring property and maintaining them? I'm based in Northern California targeting 4plex properties & looking to build my portfolio into commercial centers with no formal education in business/real estate/finance. [link] [comments]  |
| Simpsons Real Estate Study Song Posted: 01 Jan 2018 08:09 AM PST so I was watching the episode where Marge become a realtor but they only song the ending of their studies song how would the rest of it go Bot Complaned I am in texas[link] [comments]  |
| [PA] Recommend any specific resources to getting your real estate license in PA? Posted: 01 Jan 2018 07:13 AM PST I am on the PA Commisions website, but there doesn't seem to be any clear cut instructions on the steps required to get your license. Just a bunch of links with little to not description.. Anyone suggest or can link to the process, or who would be a good resource to go speak to in person about getting my real estate license? Thanks, and Happy New Year! [link] [comments]  |
| [PA] - Would be first-time homebuyer, 1-5 year potential timeframe, what to consider Posted: 01 Jan 2018 02:09 PM PST I am living outside of Philadelphia in a rental apartment paying $800/per month (rent is split with a roommate). No student loans, credit card debt or car loans. Annual income is ~80k with bonuses often bumping it up to ~$100k and I have ~$30k saved that could be put towards a down payment. I am trying to determine what is a reasonable budget for a first real-estate investment. I was primarily looking at condominiums given limited skills in home repair. I was also thinking of living in a place for a few years before converting it to a rental property as a potential source of income. I have been browsing Zillow, Realtor, Trulia etc. and formed a rough budget range of $150-$250k. I find that HOA fees tend to be a major factor in affordability. Depending on price PMI is another component. I would potentially have a roommate to subsidize cost to start. New to real estate investing. It strikes me as a confusing and intimidating field, but interested in breaking into the world. Would appreciate any guidance or lessons learned! [link] [comments]  |
| Critique my investment strategy Posted: 01 Jan 2018 01:10 PM PST My "current" resources have finally dried up so im Thinking about borrowing 20k or 40k from a friend so I can buy my 11th rental property. I'll have enough to pay it all back between 8- 12 months. Planning on offering a generous interest rate for the lender and writing out all proper contracts. Any wisdom helps. [link] [comments]  |
| Mortgage/Credit advice for high schoolers Posted: 01 Jan 2018 12:54 PM PST I am putting together a presentation for high schoolers in a personal finance class to discuss credit and mortgages. My goal is to help them avoid credit pitfalls early in their adult life to set them up for success later. I am also going to give them a broad overview of how mortgages work. I would love to hear advice from redditors on things I should include or things you wish you had learned about credit or mortgages when you were in high school. I also have never given a presentation to high schoolers before so any advice on formatting to that audience would be great too. A little background these students are in a personal finance class so they are getting lessons on other aspects of personal finance but I am just specifically coming in for the Mortgage and credit portion of the class. [link] [comments]  |
| Looking at a flip this week. Not sure what I should be looking for. Posted: 01 Jan 2018 04:03 PM PST [CT] I've only been house hunting for a few months now, and what appears to be a very nice home just popped up in a neighborhood I'd love to be in. It was last sold this past September for $175,000 and the owner wants $400,000 for it now. They seem to have added quite a bit to it, including two fire places, central air, granite countertops, stainless steel appliances, soft-close cabinets, a whole lot of hardwood flooring, new heating, large showers, etc... [link] [comments]  |
| How much do you need to start flipping? (UK) Posted: 01 Jan 2018 04:29 AM PST Hey, Real Estate investor and developer wannabe here. I really want to get into flipping (buying a shitty home, renovating it, selling it for a profit) to make some quick cash and start property developing after a few flips. However, I don't know how much I need to start. All I know is that I'll need 25% deposit, money to pay the extra tax as I already own a flat outright in my name, and money for the renovations. Am I missing a cost here? Do you think I should read more before I take the plunge? (I've read creating and growing real estate wealth by William Poorvu, which got me interested in this in the first place) I think I will also need to build a credit score, as I'll never be able to borrow money with no credit (I've never had a credit card in my life). The main question is, am I missing any costs here? Is flipping a good way to make quick cash to eventually start property developing in a few years? [link] [comments]  |
| Posted: 01 Jan 2018 03:42 PM PST What is the best state to invest in real estate in? I'm about to graduate college and once my loans are paid off I want to start earning passive income through real estate. I currently reside in Massachusetts and I know real estate is very expensive. I currently study economics abd work at a bank, expecting a promotion to the commercial lending department upon graduation. If you can give me advice on how to start, how much money is needed, where to look, what to look for, and any mistakes or pointers that you can give me before I start it would be greatly appreciated. I also live in a home that is owned by my uncle's estate. I'm not in line for any inheritance money but the house is a little beat up, it is a huge 5 bedroom 1 1/2 bath that is located right off a major highway, just in a rough city. It's in a safe area in the city and was only valued at $270,000 last year. But all of the walls, floors, kitchen and the 1/2 bath need work. Would this house be a good investment when the time does come for it to sell [link] [comments]  |
| Info about becoming a real estate agent Posted: 01 Jan 2018 03:26 PM PST Now I know this just won't happen over night, but I am interested in becoming a real estate agent in Colorado. I've read it's one of the harder states to obtain your liscense, but instead of going into it blind I'm wanting to know is an online school good? As far as steps do I find a broker to hang my liscense with after? I've seen some hire while in school. I eventually would like to get into flipping houses and reselling, but I know this isn't a process that happens over night. Any info on becoming a real estate agent would be great. Thank you! [link] [comments]  |
| Posted: 01 Jan 2018 10:10 AM PST I'd like to preface this by saying that I'm quite young (20), and I have very limited knowledge about the mortgage system. I've been looking to move out recently, and I've noticed these foreclosed houses being auctioned, supposedly starting at $1500 for big four bedroom houses. Is this actually a thing? I thought the point of auctioning off houses was to make money on the defaulted amount owed. Why is the starting bid so low. I'm aware they probably have deferred maintenance and things like that, but that really doesn't justify it. [link] [comments]  |
| Newly single mom - trying to decide if renting or buying is best for me Posted: 01 Jan 2018 09:06 AM PST I'm a teacher in Missouri and my husband and I have decided to get a divorce. I will be moving out (his parents own this home). We owned our own home but sold it over a year ago and moved in to his parents house and have rented it since then. After taxes, retirement, insurance, etc., I bring home $2500/month. We are going for joint custody and I plan on searching for a part time job during my noncustodial nights and days. I cannot count on that income. I contacted a real estate agent who told me it's totally doable to have a low down payment (~$4,000) and keep my mortgage payments under $1,000 while still having three bedrooms. But she could just be trying to get my business. Online mortgage calculators tell me a $150,000 house with that down payment will cost me approximately $700-800/month. However, I remember them being way off with our first home. We bought it in 2007 and paid $147k and our mortgage payments were probably around $1200. We did a first time buyers program and put down $3,000. I have excellent credit, around $1,000 in credit card debt, own my car free and clear. Most 2-3 bedroom duplexes and townhomes run $1,100 to rent and apartments are even higher. I'm trying to decide if I should buy a home, knowing the risks of repairs would be on me, but having a lower mortgage, or rent for more money but have a landlord to take care of things. Any advice? [link] [comments]  |
| New York State: Yearly Disclosures from Coop and Condo Board Members Begins in 2018. Posted: 01 Jan 2018 08:58 AM PST Pursuant to a new New York State regulation, effective January 1, 2018, Board Members belonging to all Cooperative and Condominium Associations will be required to provide an annual report to the members of your cooperative or association containing information on any contracts made, entered into, or otherwise voted on by the Board that were considered a related party transaction; such as a director with an interest in the company or a relative of the director with an interest in the company that a contract has been entered into with. The annual report given to all members shall include (1) a list of all contracts voted on by the Board, including information on the contract recipient, contract amount and the purpose of entering into the contract, (2) the record of each meeting including director attendance, voting records for contracts and how each director voted on such contracts; and (3) the date of each vote on each contract, and the date the contract would be and remain valid. If a Board does not have any relevant information for related parties for each annual report, then they shall submit to the members of the Cooperative or Association a statement signed by all members that notes "No actions taken by the Board were subject to the annual report required pursuant to section 727 of the Business Corporation Law". Since there is no direction on when in the year this must be provided to the population, we recommend including it with the Annual Meeting Notice, since that is going to go out to all, at least once per year. [link] [comments]  |
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