Some interesting home inspection photos Real Estate |
- Some interesting home inspection photos
- Ex-tenant shipping stuff from Costco since last year (CA)
- Inherited a house with a tenet 5mo late on rent
- Landlord Construction Eviction
- LLC vs Umbrella Policy
- Landlord is not giving me my security deposit back because my roommate signed a new lease [MN].
- Cash out on equity or turn primary residence into first income property?
- Finding local syndication's to invest in
- (NV) I've saved for a full 20% down payment and closing costs. Additionally, I qualify for a VA loan. I have a small question.
- Renting your own property?
- Looking to purchase a home in AZ
- Have a buyer for my home. Need lawyer?
- [First Time Homebuyer] [NC] House Off Market; To ask or not to ask?
- [WA] Seattle Area First Time Home Buyer Questions
- small amount hmls
- House purchased last year, inspection said everything was fine. Possible foundation issue.
- (SC) Closing on a condo on Friday - just found out the HOA fee increased when going over my lender’s closing disclosure
- [CA] Moving to a new state - When should I list?
- Appraisal not back yet
- Bought 1st home during market crash, now need advice
- Buyer's Representation Agreement Termination (ON, CA)
- HOA seems high (San Francisco, CA)
- Legally, can I get out of this?
- Title company
- Got a big bank roll with partner, and want to start a new RE business. Done some wholesaling, and looking for some creative ways people are making money now with current state of market. Got any approaches? Would love to hear all ideas!
| Some interesting home inspection photos Posted: 02 Jan 2018 04:08 PM PST |
| Ex-tenant shipping stuff from Costco since last year (CA) Posted: 02 Jan 2018 05:37 PM PST I had a tenant who left in December 2016, but he is still shipping stuff from only Costco to my place and hasn't picked up anything or called to inquire about it. Every few months I get like a queen mattress, a special chair and some other random stuff. Why wouldn't he know that something was going on when his stuff is undelivered. Is he up to something? [link] [comments]  |
| Inherited a house with a tenet 5mo late on rent Posted: 02 Jan 2018 05:55 PM PST Not sure the proper course of action. I have inherited a property (MS) and it already has a tenet but they haven't paid rent for 5mo. I think they understood that the landlord was dying soon. Should I begin eviction process? It's new to me so I've never done it, but I imagine it's a good 4mo or more of "extra" missed rent, right? Can I garnish their wages for missed rent? Should I be nice and compromise and lower their rent to hopefully get some payments? Sell the property out from under them? Time to eat lasagna. Any advice appreciated! [link] [comments]  |
| Landlord Construction Eviction Posted: 02 Jan 2018 09:38 AM PST My rental property in Minnesota froze, tenants screwed up, insurance is covering it. Property is not livable, no water. Tenants won't return calls to talk about moving while I repair. What should I do? Edit - Tenants met me after I told them I am not coming after them. They are moving out. Thanks for all the quick answers [link] [comments]  |
| Posted: 02 Jan 2018 04:55 PM PST Hey Reddit, I wanted to ask your advice on this subject. I own two rental properties and thinking about acquiring a third. I want to protect my investments and thought about getting an LLC but an umbrella policy seems like an easier route. However, you do get certain advantages to having an LLC, such as tax breaks from my understanding. What do you recommend? [link] [comments]  |
| Landlord is not giving me my security deposit back because my roommate signed a new lease [MN]. Posted: 02 Jan 2018 04:52 PM PST I signed a lease for an apartment three years ago. One year ago I added a roommate to the lease. I canceled my lease a few months ago due to moving to a new place. My roommate and another person then signed a brand new separate lease with our landlord. My old roommate is not continuing or finishing my lease that I had with her. That lease is terminated. My landlord is telling me that the security deposit stays with the apartment and won't be returned until my old roommate leaves. Is this legal even though my old roommate and another person signed a brand new lease? Minneapolis, MN. [link] [comments]  |
| Cash out on equity or turn primary residence into first income property? Posted: 02 Jan 2018 10:36 PM PST Purchased first home in 2012 for 230k (20k down). Now worth approx 375k with mortgage at 165k and feel like a starter home won't go up much more in value. Do I sell now to realize the gain (then reinvest into rentals) or stay with it and just start renting? Monthly payments with insurance and taxes at 1200, Zillow estimates rent at 1900. Note: Planning to move out of state, willing to live in an apartment while I rent out just to get experience and cash flow from rentals. In SLC, Utah currently- thanks Bot. [link] [comments]  |
| Finding local syndication's to invest in Posted: 02 Jan 2018 06:09 PM PST I am trying to find local-ish apartment complex syndicator's and am having a tough time finding relevant info off of Google, my search terms may be poor. Can someone lead me down a path where I can find the people/companies who acquire and self manage their properties? [link] [comments]  |
| Posted: 03 Jan 2018 01:40 AM PST I'm in the middle of getting a new job now that I'm done with graduate school. I have zero debt, and my income is increasing significantly with this new job. I've also never owned a home before. When I first started throwing small sums of money into a small cash investment account, I did it on the assumption that THAT money was going toward the down payment on a house when I got my life together. Well, it's together, and I really don't think I care for the buying / upkeep on a house that I could technically "afford." ($250-$300k). I've considered aiming significantly lower ($150k) in a couple of areas I know will quite likely increase in value in the coming years. I've also considered purchasing an additional, less-expensive property (condo) in the same areas ($80-$100k) to rent out through one of the better property management companies I've dealt with in the area. I'm mostly curious to see if any inch of the searching / lending process can be done without paying "twice?" I doubt it, since much of the billing is done as a percentage of the accepted bid, but I've never actually seen the question posed before. [link] [comments]  |
| Posted: 02 Jan 2018 08:02 PM PST Is it legal to purchase a residential building, say 2 family house in NYC borough, and renting it to yourself? Myself and a partner are incorporating an LLC for real estate investment and are thinking about buying a building and each being the 2 tennants of the apartments. Are there legal ramifications? Is this something that is common practice? Appreciate any advice! [link] [comments]  |
| Looking to purchase a home in AZ Posted: 02 Jan 2018 10:44 PM PST SO and I are looking into buying our first home in Arizona. I am thinking of becoming a realtor to get that commission. Is this a viable decision? Any advice? [link] [comments]  |
| Have a buyer for my home. Need lawyer? Posted: 02 Jan 2018 10:39 AM PST So I found a buyer for my house without help of a realtor. Do I need to hire a lawyer to bring to Closing? Buyer said he found a closing service company that takes care of everything. Is closing service company enough? How much can I expect to pay as the seller? Located in PA Thanks for any help [link] [comments]  |
| [First Time Homebuyer] [NC] House Off Market; To ask or not to ask? Posted: 02 Jan 2018 09:40 PM PST Hello RealEstate reddit! I'm going to get right to it. My fiance and I have been looking at houses for several months now. We know what we want and need, so we have been narrowing it down. We've gone to open houses, chatted with a few agents, and done the calculations and figured out what we can afford. But there's another issue. We found a house we ABSOLUTELY fell in love with on Trulia. We found it at the beginning of December and said that after the holidays, we would go see it. It's right by where we currently live (with my mother) and have driven past it and know the area well, and we both had the feeling that this house was absolutely the one, something we had never agreed on fully before. Two days ago we looked at the ad and marveled over how perfect and affordable it was. Today I went to call the agent...and the house is no longer available. I called the firm's number immediately and spoke with a woman who was very nice, but told me she wasn't sure why the house isn't available as it didn't sell. She didn't really know what was going on but said for me to call her if I need any more help. I drove out to the house, got the number off the sign, and called that one! Now here's the dilemma: I know the agent that was personally selling this house. He is awful. Shady, corrupt, incompetent. He sold my mother and sister their houses and is the worst in every possible way. I talked to him and he said that the owners decided they want to stay there, and that was it. He then pretty much said goodbye and hung up. We're new to the world of actually BUYING a house. Here's the thing: I have this house's address, it's local, and the for sale sign is still up. Would it be wrong and/or illegal to send the owners some kind of a letter or to contact the first woman I spoke to again? I noticed their house was for sale for a while and they kept lowering the price (note: It's over priced because out area isn't the greatest, but for someone who lives here and has family here and is okay with the location, it's actually a good deal. Price isn't the issue.) and now they've decided to stay. I've been told time and time again to be aggressive when it comes to buying a house, but I don't know how wrong reaching out when a house has been taken off the market is. How would someone who "decided to stay" two days ago feel if a family wanted to make an offer? Should we try to pursue it, or let it go, Reddit? (Also worth noting that it's difficult for us to find a house, as we need 5+ acres of land, at least two bedrooms, and to stay local, so our choices have been very, very limited. I probably sound so crazy being hellbent on one particular house, but we've never found a house so perfect.) [link] [comments]  |
| [WA] Seattle Area First Time Home Buyer Questions Posted: 02 Jan 2018 05:27 PM PST I want to levelset my expectations with my plan to buy a house for the first time and have a few questions answered. I'm going for an FHA 30 year fixed loan with 3.5% down, with the upper end being around $600K. I make a bit over $100K + some bonuses etc and was pre-approved in the spring for a loan of $600k, 3.5% down with a 4.375% interest rate. For estimated closing costs, etc I would need to put down it looks like ~$30K. I'm in the process of being pre-approved again. I want to be as close to the Bellevue area as possible on the east side. I plan on renting out 1-2 rooms of the house. I do not plan on leaving the area within the next 10 years, if ever. I'm curious about a few things:
[link] [comments]  |
| Posted: 02 Jan 2018 07:11 PM PST |
| House purchased last year, inspection said everything was fine. Possible foundation issue. Posted: 02 Jan 2018 06:56 PM PST This home was purchased last year. The inspection says there is no foundation issue. Ranch style home, all photos are along the middle of the home, with the exception of the crack going to the ceiling above the door. I think that was from slamming the door. cabinets seem to have sunk in the middle area. There is a visible gap and no play to move them. to the right is the L section of the wall with the crack all along it. That door gap was like that when the house was purchased. All the cracks are new within a year. Should and inspection be done again? Location is ohio united states [link] [comments]  |
| Posted: 02 Jan 2018 06:57 PM PST What recourse do I have regarding the HOA fee increase I was never made aware of? The seller and the seller's agent should have disclosed this increase, right? They would have known about the increase before it went into effect and the only reason I found out is because I saw the new amount on my closing disclosures. [link] [comments]  |
| [CA] Moving to a new state - When should I list? Posted: 02 Jan 2018 10:34 AM PST I will be moving from California to Kentucky in about 5 months. I am looking to sell my home in California and purchase a home in Kentucky. My question is this: At what point should I list my current home? According to a few real estate websites the list to sale average in my city is 27 days. Should I contact a realtor now or wait until closer to move date? Should I contact a realtor in Kentucky now? Thank you. [link] [comments]  |
| Posted: 02 Jan 2018 02:18 PM PST My appraisal contingency ends today. No appraisal back yet. My agent is requesting extension. What are options and consequences if sellers decline to extend? This is Atlanta, Georgia. [link] [comments]  |
| Bought 1st home during market crash, now need advice Posted: 02 Jan 2018 01:50 PM PST Just to give a little background: Located in Las Vegas NV I purchased my 1st home in Vegas back during the crash(2010) and have gained quite some equity (100k~). Also this house was purchased in my name only. Although we love the location the house is in, the wife and I feel it's a good starter home and it's time we get into a property we really want to stay in long term. Our dilemma is this: Should we sell the property then put the profit as a down payment for something nicer? Or should we hold on to the property and rent it out, and buy another house with the loan being under my wife's name?(she will be 1st time home buyer) Please let me know what you guys think! [link] [comments]  |
| Buyer's Representation Agreement Termination (ON, CA) Posted: 02 Jan 2018 10:02 AM PST We signed something in the summer of last year, but we're looking for a completely different type of house (custom build), we're looking to work with someone new who only deals with custom builds. How can we go about this? What are the repercussions of terminating the contract? [link] [comments]  |
| HOA seems high (San Francisco, CA) Posted: 02 Jan 2018 01:46 PM PST I bought my condo 3 years ago and the HOA has gone from $397 to $445. Our HOA covers water, garbage, and building maintenance. The average HOA for the city is $300, and when I compare my building to others in the area with more amenities, the HOA dues seem high. The condo association has a huge excess (upwards of $400,000), so I'm baffled as to why the dues increase so much, especially when it's a struggle to get anything fixed or done. (Examples: Elevator is having issues again and they put up a sign that said it "may" get fixed. WTF? And I have been asking for my windows to be fixed for months to no avail.) Thoughts? Advice? [link] [comments]  |
| Legally, can I get out of this? Posted: 02 Jan 2018 09:27 AM PST EDIT: Licensed Agent in [GA] I became a licensed RE agent mid last year. Joined a brokerage primarily for excellent splits, come to find out 90% of 0 = 0, who knew? The training is terrible, nobody picks up the phone or returns calls to new agents, I joined a mentor program within the brokerage with the idea that I'll be given a mentor to work with me on obtaining my first few deals and walking me through them. I met with the guy once or twice (didn't really give me any tips or guidance, mostly talked about how lucrative RE can be) and then lost his number when I got a new cell phone. After this I reached out to the head of the mentoring program and left voicemails and also texts on both numbers letting them know that I haven't been getting the help that I needed and to give me a call back. Four days later, I was fed up with the lack of communication and lack of direction so I left another voicemail letting them know that I wanted out of the mentorship program and was calling to figure out which steps to take in order to make that happen. Lo and behold, got a call back within the hour. The guy smooth talked me into staying for a "big training seminar" they had coming up that is only for current members, I told him I'll stay on board for that but I'm still on the fence about the program. The seminar turned out to be alright, but still no real direction, I guess I just expected more. I have the drive, just no direction. Here's my issue. At this point, I'm heavily leaning towards leaving my current brokerage and joining KW for their seemingly notorious training program. The paper that I signed with the mentoring program at my current brokerage says that even if I cancel my membership with the program they get a cut of any deal I close within 3 months after leaving the program. Does this stop me from leaving my brokerage as a whole? My mind is pretty much set on this change and I'm ready to start KW's training as soon as possible to hit the ground running this year. Looking for any advice I can get on this. The worst feeling in any commission only career is standing still. EDIT: I'm 24 years old and have all the time in the world to dedicate to this career. I'm at my computer at 8am every morning monday through friday. No kids, no wife, no rent to pay. Guidance would really help me take off in the right direction. X-post from /r/Real_Estate [link] [comments]  |
| Posted: 02 Jan 2018 12:49 PM PST Should I search for my own title company or use realtors recommendation in Virginia . Can I save alot by shopping around? Edit: added location [link] [comments]  |
| Posted: 02 Jan 2018 12:05 PM PST I've done quite a bit of RE investing but took a break from it for a few years, and a friend of mine approached me to discuss starting a RE company in Dallas. The market is pretty stable here, and a good move with his bank roll. What are some non-traditional creative approaches to making some money nowadays? I was thinking we could do hard-money lending, but would love to hear how Reddit is doing it! Thanks in advance. [link] [comments]  |
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