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    Sunday, January 7, 2018

    Is it possible to see the photos of a house before it was flipped on MLS or Zillow? Real Estate

    Is it possible to see the photos of a house before it was flipped on MLS or Zillow? Real Estate


    Is it possible to see the photos of a house before it was flipped on MLS or Zillow?

    Posted: 06 Jan 2018 07:37 PM PST

    This is purely to sate my curiosity about those houses that were flipped in a month or two then sold for double their asking price. I like look at before and after photos, seeing what the flipper did, etc.

    Is there anyway to get old photos of a home off of wayback machine, etc. or some other resource?

    submitted by /u/chocolatesummer
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    Neighbor's fence encroachment

    Posted: 06 Jan 2018 04:23 PM PST

    First time homebuyer here, we are (hopefully) closing on Tuesday the 9th.

    Our house came on a nice sized lot, just under an acre. Our survey, which we just got back today, reveals that our immediate next door neighbor has a fence that makes a triangular slice into our property (90 feet deep 14 feet wide at its widest).

    Our lot in general is a long, skinny rectangle, and the encroachment is toward the front of the property and is cleared (while a considerable portion of the back lot is bramble/wooded).

    Our realtor has advised us that there are a number of ways to approach this, ranging from leaving it alone to tearing the fence down.

    I am nervous about getting off on the wrong foot with the neighbors, but at the same time I feel entitled to what is ours. I also worry that when we sell the house in the future, we might get stuck with having to remedy the problem.

    Looking for advice and opinions from you folks! If there is another subreddit that may be more appropriate for this type of thing, I'd appreciate guidance on that as well.

    submitted by /u/FriedChknBiscuit
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    Buying land what to look for?

    Posted: 06 Jan 2018 12:05 PM PST

    My wife and I are starting to think about buying land somewhere around the Smokey mountains to later build a vacation home/rental. While I am not new to real estate (I've bought 5 houses, still operate two as rentals and live in one) I have never bought land nor built from the ground up. We have time and are not rushing into things but I am hoping reddit can help me know what to look out for when buying land with the goal of building. If it matters we specifically like the pigeon forge or Asheville areas but are not tied to a specific place yet.

    Also though it is even further off I would take advice on buildings well. I am really handy but I will definitely be hiring someone for the foundation and rough framing as that is something I don't want to take chances on.

    submitted by /u/spider_monkey
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    Buying a Mobile Park as Rental Property

    Posted: 06 Jan 2018 11:53 PM PST

    Hello Location : GA
    I am trying to understand how mobile parks operate.
    I am on the lookout for some rental properties - and as i understand, if you have a property for rent, you need to make the place habitable for your renters.

    How does this work in the case of mobile parks.
    Since you just collect rent for the land and the renters bring their own trailers - what are your responsibilities as a landlord ?
    What do you need to maintain in the park ?

    submitted by /u/i_ask_stupid_ques
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    What are great books to read to learn about real estate investments/renting homes?

    Posted: 06 Jan 2018 12:59 PM PST

    I want to start buying and renting out homes and am eager to teach myself about this business. I also like home remodeling and small home improvements so I am interested in serving as a landlord.

    submitted by /u/mochagiraffe
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    Recommended books for first time real estate investor.

    Posted: 06 Jan 2018 04:58 PM PST

    I'm planning on investing in my first real estate property within the next year or two. As with anything I like to do a good amount of research on a subject before I enter the field. What books do you recommend to get me up to speed on everything I need to know? I'm looking to invest in a single house. Not sure if it will be apts, home, Airbnb, etc. If you have any more suggestions/advice or resources I should look at that would be awesome!

    submitted by /u/kenykj49
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    (UT) when is a deal “dead”?

    Posted: 06 Jan 2018 06:07 PM PST

    I made an offer on a home and the deadline expired without hearing anything back from the seller. My realtor says that just means they didn't agree to the terms of the offer and I should wait for a counter in the coming days, though he hasn't heard anything from the seller's agent. Isn't the seller supposed to counter (if interested) within the designated timeline? If not, how long do you wait before moving on?

    submitted by /u/kubble
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    Surface mold on wood

    Posted: 06 Jan 2018 02:52 PM PST

    Hello all. My wife and are in the process of buying our first house in upstate New York. Today was the inspection. The inspector pointed out a good amount of surface mold on the wood beams in the basement. The owner bought the home as a foreclosure and then redid the whole house to sell as a flip. Owner disclosed to us that upon being foreclosed upon the former owner "cut the water pipes and flooded the basement." So that's assumably where the mold came from. Anyway, inspector says this is something we could don ourselves with some cleaning solution and scrubbing. Or we can pay someone 3-5k to do it. Or having the owner address it before sale.

    I wanted to know if anyone had any advice or tips as far as dealing with the mold. My first choice is having seller fix it before closing.

    But any tips about this situation would be greatly appreciated.

    Thank you.

    submitted by /u/PhillipJCoulson
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    First time buyer question: rental opportunity?

    Posted: 06 Jan 2018 08:29 AM PST

    I'm thinking about buying a property and going in on it with my mom. She's looking to buy an investment/rental property. I'm new to real estate, and I was wondering if everything is in my name can I qualify for a lower down payment or do I have to live in it to qualify for something less than 20% down? It may be a multi-unit.

    submitted by /u/paytiently
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    Real Estate crypto currency payments & smart contracts AT

    Posted: 06 Jan 2018 06:40 PM PST

    What do you think about the current situation of crypto currencies and the future of real estate transactions paid with cryptos? Will it ever be possible to implement these transactions in the blockchain with smart contracts? I mean everything in the blockchain is 100% permanent, not changable at all. What happens if you bought a house and theres a hidden fault and you have to cancel the trade? I think cryptos have a huge potential and are absolutely the future. The blockchain and everything around it is an huge achievement for us.

    submitted by /u/etifuckler
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    Are there any good tools/websites for finding properties that are waterfront? I have used zillow/trulia for my last 2 homes but they don't have filters for "on the water"

    Posted: 06 Jan 2018 04:23 PM PST

    So I bought my first home and learned a lot about the process. When it came time to buy my second home, I was heavily leaning toward buying on my own to avoid buyer's agent fees, but in the end I caved and went with an agent because we were pregnant and I wanted to make sure things got done in a timely manner. But by the end of the entire process, I felt supremely confident I could have done the whole thing on my own, every step of the way I already knew what needed to be done and by when and really only used my agent to set up showings that I dictated and to communicate my negotiations for me.

    Don't get me wrong he did a good job, but I didn't really feel like it was valuable to me to pay him (I know it comes out of seller's end but you know what I mean) when I knew how to handle it all on my own.

    So I guess first and foremost, am I crazy for thinking I should be good to go on my third house alone?

    And secondly, without having somebody to look for me, I don't really know of a good way to filter out properties that are on usable waterfront. The problem is that I'm looking over an area that is half the state of Ohio -- I don't have any one particular waterway/lake picked out.

    Basically what I'm hoping to find is a nice fixer-upper home on some kind of usable waterfront where I could conceivably put in a dock and keep a pontoon boat, buy the house with my dad and share it as a family vacation property. I'm in no rush to find this place, my plan is to just sort of keep and open-ended eye on things for the next few years until I come across an incredible deal and then leap. But that means I need to find the right tools to keep track of things. I'm really good with using zillow/trulia to track one specific area but they are conducive to state-wide searches and they don't have filters for waterfront properties only.

    The fact that I want to just be passively looking for an amazing deal is another reason I don't really want to involve a realtor, I'm sure no realtor wants to be looking for properties for a client for potentially years, I get that you have jobs to do and I would just be picky and get in the way

    submitted by /u/lol_admins_are_dumb
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    First time buyer: no balcony/common outdoor area a deal breaker?

    Posted: 06 Jan 2018 12:06 PM PST

    I finally found a condo that is almost perfect. The only criteria that wasn't met is there is no balcony or common outdoor area. I'd like to have somewhere where I could grill when it's nice out and just have a chair to sit outside. Should this be a deal breaker for me? Has anyone here bought a condo without outdoor living area that regrets it? Any input is appreciated! This is in Chicago btw.

    submitted by /u/Not_Michael_Scott
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    Potential new development coming to town

    Posted: 06 Jan 2018 06:17 AM PST

    I saw on my local news the her night that there is a developer planning to build 150 new homes on 200 acres on the edge of town. Is there any way to predict what this will do to the price of existing homes in town? 30-60 years old, 120-160 price range?

    submitted by /u/Comeinayayha
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    Does anyone know if I need to tell ORRA (Orlando) to contact the Tampa association for access to Tampa’s Supra Elb’s if I’ve already done so last year?

    Posted: 06 Jan 2018 04:48 PM PST

    Does anyone know if I need to tell ORRA to contact the Tampa association for access to Tampa's Supra Elb's if I've already done so last year? Thank you.

    submitted by /u/hungdawei
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    Buying deceased family members house that is now in a trust

    Posted: 06 Jan 2018 05:16 AM PST

    My grandma passed away and left a trust which my father is a part of. I'm trying to buy my grandmas house, but my real estate person while good is not familiar with this type of set up. I have the loan all approved and all that, but the title part seems fudged

    I'm guessing I need a lawyer.. Need some recommendations people names how to proceed. Thank you!!

    submitted by /u/13yearsofage
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    Wholesale or Flip? 155 ARV and 70% Rule

    Posted: 06 Jan 2018 05:38 AM PST

    Hey guys wanted to post a question. I scored a deal on a 3/2/2200sqft house that was well kept but not updated for a couple decades. These are the options that I have. FMV is about 150-155K based on the neighborhood and my agent stated. I owe 88K (76 on house 12K on HELOC due to A/C and roof)

    Option 1. Wholesale Cash Sale ARV-150K 70% - 105 Owe - 88 Profit - 17K

    Option 2. Rehab ARV - 150 Commission/Closing - 15K - or so... Repairs - 20K conservative Owe - 88K Profit - 25K

    The question I have is this worth 8K in time for a 3 week remodel or would you attempt the wholesale instead? Also let me know if I am calculating it wrong.

    To me it looks like I'm risking 25K for 8K

    submitted by /u/adca
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    Need help from a realtor in Texas/DFW. Please PM ME if you have 10-20 minutes today or tomorrow to help me out! Thank you!

    Posted: 06 Jan 2018 01:27 PM PST

    as the title says.. I am having an issue and would rather discuss it in private regarding real estate. if you have 15-20 minutes today or tomorrow I would greatly appreciate some help. (need someone with access to the MLS) I could compensate if necessary. PM ME as I won't be checking this post much! Thanks!

    submitted by /u/teeftoof
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    First time home buyer: how to find an agent and special circumstances

    Posted: 05 Jan 2018 07:58 PM PST

    Hi all

    Location; PA

    My fiancé and I are looking to buy our first home/townhome with a budget of around 130-150k. I'm hoping to get some advice on how to go about:

    Finding an agent - Where to start, types of agents to avoid, what questions to ask and any common courtesy pointers on how to work with them. How much assistance can we expect when it comes to explaining our financing options? So far, the people whom I've asked for advice have told me to just contact the person on the sign (which I know is not smart)

    Financing - We're looking for a home for at least the next 5 years (we're in our mid 20s). No plans for kids so no need to upgrade and we have no intentions of leaving the area. What are the advantages of 20% down vs 10% on a 30yr mortgage in that situation? Are there any first time home owner loan programs that we should be aware of?

    Additional costs - Are there any other costs that may surprise us other than closing, financing fees, taxes, moving, furniture, etc... If we go with a townhome, is the HOA obligated to let us know of any outstanding fees from the previous owner that we'd be responsible for?

    Special circumstance - My fiancé is legally disabled (recently discovered medical condition which eliminates the possibility of full or part time employment) and receives gov assistance and insurance. Once we're married, I know that those benefits will likely change as I'll be the legal advocate and my income will become a factor. Our current plan is for all of the mortgage financing to go through me, however, we're unsure on what our best option is. Will my ability to finance be effected if we purchase the home after we're married? If I purchase the home before we're married, what am I legally responsible to disclose? Once married, am I required to put my partner's name on the mortgage and deed? If so, how will that effect the mortgage and my credit? I know this is not be the right place to ask, but would appreciate and feedback. Thanks

    submitted by /u/h2pschenley
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