Girlfriends mom is asking me to co-sign a home Real Estate |
- Girlfriends mom is asking me to co-sign a home
- [OK] Notice to vacate template/guidelines?
- Selling my home and buying a new house, but won't have the money until my house closes
- Curious how many here have bought a house without an agent. I am speaking of buying a house that has been listed by an agent, not a FSBO.
- Buying a condo in Atlanta
- Is it okay to use an agent to buy a For Sale By Owner property
- (Buyer)Leveraging new listing against existing?
- Getting started with rental properties
- [Request] 2018 online course review for aspiring RE agents.
- Has anyone used home caretakers while trying to sell a property?
- Real estate vs stock market
- Foreclosure agents, what are procedures/things we should know?
- Looking to purchase foreclosed condo-- Tenants will not leave--should I buy?
- DC Area
- Bank only offering 10/1 arm loan for new construction loan and final mortgage
- Escrow pay for HO6 or master policy of townhouse? Insurance being weird. Please help. Utah.
- Looking in to becoming an appraiser. Any tips or suggestions? [MD]
- [NJ] Worst case scenario if I dont do a survey when buying a home?
- Concerns with house that may not have permit for 500 sqft addition?
- At what point should I give up?
- My mom wants me to co-sign in a townhouse.
- How does someone find a realtor that was involved in a deal at there building ?
- [Tx] Purchased my home on March 30th. Am I able to receive a Homestead Exemption for 2018?
- I don’t think I even like my house..? Burnt out / Seeking Advice on getting interested to buy again
| Girlfriends mom is asking me to co-sign a home Posted: 02 Jun 2018 11:25 AM PDT So my girlfriends mom is asking me to co-sign a home for six months. Is this a thing? Can I really be removed from a loan after six months? I love my girlfriend and her mom is great, and I really want to help, but I am afraid it might back fire. My girlfriends mom is financially responsible but she doesn't make a lot of money so I am afraid I am taking on a lot of risk. Secondly my girlfriend and I are looking into getting our own apartment so I am wondering if co-signing on loan/house will affect us? I am the bread winner in the house hold. I am new to this type of stuff so anything you can do to help is greatly appreciated. Edit: Los Angeles California [link] [comments]  |
| [OK] Notice to vacate template/guidelines? Posted: 02 Jun 2018 09:45 PM PDT Month-to-month, no lease tenant, we're wanting the house empty so we can start renovating it without putting anyone living there in an unsafe environment (plus rent issues with her before; we're not sad to see her go). Is there a template for a notice to vacate? I know we have to give her 30 days notice, include the address, her name, my name, date we expect it to be empty, state we expect it to be in. Is there anything else that needs to be there? I sign it, but does she need to, or is it enough to just give her a signed copy from myself? [link] [comments]  |
| Selling my home and buying a new house, but won't have the money until my house closes Posted: 02 Jun 2018 05:52 AM PDT So I accepted an offer on my current house and I'm buying another... I'm moving. We made it so that the key dates line up with each other, specifically the close date. The problem is... I'm expected to put 5% down at P&S but I won't have that money until I close on my current house. 5% in this case is north of $30k. I'm going to make A LOT of money on my home sale, I just won't have it until later. Am I screwed? [link] [comments]  |
| Posted: 02 Jun 2018 01:51 PM PDT Edited to add, I've bought 7 houses in my life. Just curious how many other non first time buyers have moved to going without representation and perhaps asking for a discount. [link] [comments]  |
| Posted: 02 Jun 2018 08:05 PM PDT Hey guys, this is my first post in the community! I wanted to ask you guys your thoughts on purchasing a condo in ATL midtown (and possibly buckhead) and what you would consider. I am not sure if any of you know the area but I thoughtt was worth a shot. I have some cash to spare(~$380k) so I figure why not since I may stay in this beautiful city for some time. Please let me know if I have missed anything or if you disagree with any of it: - 2b/2b seems safer than a 1b, especially if markets head for the worse and I can liquidate it easier - Living in one of the rooms and renting the other out so I don't pay rent and can monitor the HOA closely - Don't want too high of HOA fees and very strict renter restrictions - Looking for steady appreciation for the next 5-15 years - Looking to see if many condos and high rises are being built in the area which would lower the value of existing condos I mainly want to use this as an investing vehicle but it would be awesome to live in it as well. I say investment vehicle first because in case I do not stay in Atlanta, I want to be able to sell it for profit or manage it from afar. I know many people suggest to buy a SFH as an investment instead because no HOA/renter restrictions but if I want to live in it, it has to be in buckhead/midtown because I work close to there. Do you guys think condos are too risky because HOA can burn a hole in your pocket if you are too far down the waitlist for renting out to others? If a condo was built in 1950s, would you consider it too old to buy especially since new condos are being built in ATL? Thank you all in advance!! [link] [comments]  |
| Is it okay to use an agent to buy a For Sale By Owner property Posted: 02 Jun 2018 11:28 PM PDT Just saw a property online that seems nice. It's for sale by owner. It didn't say anything about using a buyer's agent, so it's fine using an agent right? Or would it be bad because they're doing it to save money in the first place so they wouldn't want to work with an agent? I'm a first time investor and am considering investing out of state so I definitely would prefer using an agent. [link] [comments]  |
| (Buyer)Leveraging new listing against existing? Posted: 02 Jun 2018 10:53 PM PDT North Carolina:. I don't want to post links, or give too much information, but here's my situation: I've been back and forth with a seller on a house, and after the first two rounds, have met every concession they've asked for. They always come back with one more thing. It's put a bad taste in my mouth. After the last counter, I declined and let them know that I had submitted my final offer. Since then, another house, very similar in style, less square footage, but newer, nicer, and requiring significantly less work has hit the market. The original house was listed at 185k, their last counter was at 175, I had offered 170. The new house is on the market at 179. I love both houses, but would prefer the older "project". Does the new listing help me in any way? Can I leverage the new listing against the old one? [link] [comments]  |
| Getting started with rental properties Posted: 02 Jun 2018 12:55 PM PDT My wife and I (both 28, not planning to have kids for the next 2-3 years) are based out of Seattle and make close to $260k total. We do not own a house and our monthly rent is close to $2.5k. We don't have any debt right now. Most of our investments are in equities and CDs but we are planning to diversify by investing in real estate. The housing market in Seattle is crazy and we don't have enough savings to buy a house for ourselves right now. So, we are considering investing in rental properties. We have about $50k in cash that we can invest in the downpayment and closing costs put together. Any leads around how to get started, what markets should we be looking at, should we look at places close to Seattle only or can we explore other parts of the country too where the risk/reward and would be better and landlord laws more favorable ? Any thoughts around whether this is a good idea or if we should focus on buying a house for ourselves first ? [link] [comments]  |
| [Request] 2018 online course review for aspiring RE agents. Posted: 02 Jun 2018 12:47 PM PDT Los Angeles, CA Hi, I've done some searching for a current review of online services for aspiring RE agents and I can't seem to find any. First off - are they worth the money? Can you just get a book and read it? Secondly - if they are worth it, anyone have a suggestion on which one is best value? From past posts on this topic, Kaplan seems to be the one people suggest - does anyone have current experience with Kaplan? CALIFORNIA MARKET [link] [comments]  |
| Has anyone used home caretakers while trying to sell a property? Posted: 02 Jun 2018 07:17 AM PDT I read an article where you can hire home caretakers to upkeep the property while you're trying to sell. The caretakers get decreased rent in exchange. The article I read can be found here: https://www.realtor.com/advice/rent/home-caretakers-get-sweet-deal-on-rent/ Anyways, I can't find any resources that connect caretakers to property owners (other than the company referenced in the article, but that's in New Mexico and I'm in Texas). My luck has lead me to caretaker.org and short-term house-sitting websites (I'm looking for 1 month+). Any tips, advice, or help is appreciated. Thanks! [link] [comments]  |
| Posted: 02 Jun 2018 12:22 PM PDT Hi all, Been thinking about jumping into REI for a while now currently buying my first home so it'll be put off for a little while longer until I can save enough for another down payment. I understand this is a real estate sub but how do those that are investing majority of their money into rental property or flipping homes feel about it comparative to investing in stock? Do you do the buy and hold method and keep the property for ever for the cash flow in retirement or sell it when you're getting closer to retirement? Do you buy homes fix them up rent them, or sell them? Or do you rent them for a while then sell? I do well at putting money into my retirement and have a good nest egg for my age and the amount that I make but I am not happy at my job and like the concept of being more involved with my investment like I would be with rental or flipping. Just trying to get some thoughts from people currently in the game. Thanks!! [link] [comments]  |
| Foreclosure agents, what are procedures/things we should know? Posted: 02 Jun 2018 05:38 PM PDT I've been reading about home foreclosures, but very little is out there on the people who actually go door to door to serve notices, or change locks. If you're the boots on the ground in home foreclosures, what are your normal procedures? Do you work for independent agencies, or for the banks themselves? Are you technically real estate agents, or do you go by another classification? Are there any other things that people should know about what you do and why you do it? Thanks for clearing up my ignorance! [link] [comments]  |
| Looking to purchase foreclosed condo-- Tenants will not leave--should I buy? Posted: 02 Jun 2018 09:53 AM PDT Bank owned unit Tenants or former owner currently occupied unit Bank asking for $70, Ia m offering $35. Probably worth more like $50-60K What steps do I need to do to evict? PS Am a landlord of 15 years. MASSACHUSETTS Is this going to be worth it? [link] [comments]  |
| Posted: 02 Jun 2018 04:44 PM PDT Hello r/realestate I am a young investor moving to DC next month for a new job. I want to get involved with real estate investing (particularly creating cash flow through rental properties). I have been working on building my credit and intend on using leverage from bank loans to maximize what I have saved. If anyone has any experience I am willing to work for them for free every Saturday. If anyone is in the DC area and is looking for help feel free to DM me. Thanks [link] [comments]  |
| Bank only offering 10/1 arm loan for new construction loan and final mortgage Posted: 02 Jun 2018 07:41 AM PDT We are building a new home in the rural area just outside of a small growing town. We are really close to starting construction and the bank is now giving us this news. We bought the land separate last year and need a construction loan to build. The problem apparently is the house is very modern unique and there are no comps. The bank is saying now that they can only offer 80% cost to construction in lieu of the 95% they originally offered and cant sell the mortgage to the secondary market so they can only provide an in house loan of 10/1 arm. I've never been a fan of the arm loans. Are there alternatives? Am I over thinking this? land cost $135k appraisal value $407k Cost to build including land $411k available money down $100k [link] [comments]  |
| Escrow pay for HO6 or master policy of townhouse? Insurance being weird. Please help. Utah. Posted: 02 Jun 2018 10:22 AM PDT Hello there R/realestate. You helped me previously when we bought our house a year ago (different account that I lost the password to). And I was hoping you can help me again! This is all about our townhouse that we bought in Utah. I got a strange email yesterday evening from my home insurance company saying that they talked to my mortgage company and the mortgage company wont be paying our condo HO6 policy anymore because apparently mortgages don't usually pay the policy for your liability and personal property but that they do pay for the master policy one though as part of our HOA. And after that the insurance people were saying we can set up a payment plan. It's only $14 a month but still. I tried to get a hold of my mortgage company but they aren't open on the weekend. This makes zero sense to me. I get a monthly bill from my HOA and pay it every time. Part of that bill covers the master policy but I don't know what portion. Everyone else here I know just pays the whole HOA portion and doesn't get insurance deducted out. Is that even a thing? Why would the mortgage suddenly start paying part of my HOA bill? That doesn't even make sense because that just doesn't seem like how HOAs even work. I've been paying in escrow for this HO6 policy the past year so why is it changing all of a sudden? So here is my real question to all of you: Do escrows normally pay towards the H06 policy or towards the Master Policy included in your HOA? I've tried googling this but most of the stuff that has come up is telling me the difference between a master policy and HO6, which I already know and doesn't answer my question. This feels really strange to me. Any advise or opinions would be most welcomed. [link] [comments]  |
| Looking in to becoming an appraiser. Any tips or suggestions? [MD] Posted: 02 Jun 2018 05:27 AM PDT I apologize if this the wrong subreddit, but I am interested in becoming an appraiser, and I wanted to see if there were any suggestions from those already in the industry. I already checked the requirements for Maryland , and they seem straight forward. I was wondering however what kind of business (banks, ect) hires apprentices. Is that something the school would be able to help me find once I pass the state exam? According to the US Bureau of Labor and Statistics, home appraisers are a growing industry, but I wanted to see if that is true. Thank you! [link] [comments]  |
| [NJ] Worst case scenario if I dont do a survey when buying a home? Posted: 02 Jun 2018 03:45 PM PDT Is the worst case scenario is I have to move my fence? The previous owner did a survey. and the house I am buying has close to no land on the sides of the home. If there was any encroachment I would have to take the house down. Which seems unlikely. I do have a backyard my land is a long thin rectangle. I plan to redo the fence in the future and in that case I will probably do a survey then. But It seems unnecessary. [link] [comments]  |
| Concerns with house that may not have permit for 500 sqft addition? Posted: 02 Jun 2018 03:32 PM PDT [Bay Area] Is it risky for the buyer if the county records says the house is 950~ sqft and 3 bed 1 bath but the reality is that they added about 500 sqft, 1 bedroom and 1 bath? - What are the chances that we'll have to tear it down after buying? - Is it likely to get a retroactive permit? We'll have to make adjustments to put it to code right. [link] [comments]  |
| At what point should I give up? Posted: 02 Jun 2018 02:11 PM PDT I've been looking for a home for the last 7-8 months (currently in an apartment, lease is up in 2 months). Again and again, homes are contracted before I can even go view them, and offers I have made are rejected. The one I lost today was on the market 31 days with zero offers, and as soon as I made one, two more came in. My realtor said this is common at my price point, but silly me I'm trying to be responsible and only buy what I can easily afford and not drain my savings right off the bat. He is also sending me listings that don't meet my criteria (school district primarily), so that's a waste of time. I've spent years eliminating what little debt I had and building/maintaining a good credit score- lender said I am a loan officer's dream come true as a buyer. But it's like it was all for nothing- I should have just ran my debt up and had more fun if the end result was going to be the same anyway. Sorry for the vent, just really frustrated by the dual income, cash offers, etc. that keep edging me out. My pay raises and a promotion weren't enough to push me into a higher end of the market so I have to either keep this craziness up or renew my lease soon. Tl;dr: Losing out on homes over and over, at what point do I concede that I can't compete against other offers? [link] [comments]  |
| My mom wants me to co-sign in a townhouse. Posted: 02 Jun 2018 01:37 PM PDT Greetings Reddit, Needing a fresh pair of eyes on a situation because I'm currently in the process of trying to decide whether or not to help my mom co-sign on a townhouse ( in Fairfax Virginia) Currently, she states that she won't be able to work soon and wants to be able to make passive income. I'm a recent college grad, working a tech job making 45k a year. I do want to help my mom out, but at the same time it's really complicated when I have to consider what I want for my future as well- I can't imagine staying in the same city as where I went to high school. I do feel the need to help out my family and am weighing the options. What's a good approach here-if any? [link] [comments]  |
| How does someone find a realtor that was involved in a deal at there building ? Posted: 02 Jun 2018 04:55 AM PDT We had some good and bad realtors and there were a few that I liked the way they dealt with the whole transaction.I want to find them but not sure where to look for this info ....I dont remember which units they were ...we had o many sales in the building. NY, NY New York [link] [comments]  |
| [Tx] Purchased my home on March 30th. Am I able to receive a Homestead Exemption for 2018? Posted: 02 Jun 2018 10:05 AM PDT Hello! I have been looking on the TAD.org website and the application form states we must be living in the residence starting on January 1st. The title agent advised that I file for this exemption when we signed the paperwork to close, but I am now assuming that it wouldn't take affect until next year. I understand the deadline for Texas applications has expired, but it doesn't seem like I would have been eligible for it this year anyway, and it's hard to find a concrete answer on google that applies to my wife and I's situation, so I'm hoping someone can help enlighten me. Thanks! [link] [comments]  |
| I don’t think I even like my house..? Burnt out / Seeking Advice on getting interested to buy again Posted: 02 Jun 2018 09:42 AM PDT Post title I think sums it up. I love my house so little I think I feel nothing more than my own landlord. Brief back story. Liked our first home, neighborhood was fair. had to move due to job relocation. Tolerate current house. Love neighborhood. When we bought this current house 5 years ago we were unfamiliar with the immediate area and we fell in love with the neighborhood. I think this was our first mistake because our first love was not the house itself. We felt it had potential. Did a lot of work to it. Enjoyed not much of the process. Other than replacing the driveway from dirt to finished pavement, I can't think of one other substantial "proud" to own a home sense of pride moments. We started looking in the neighborhood at some movement options and I feel jaded and burnt out. Looked at a promising house last night and I felt fatigued. I got frustrated seeing a tread recently where someone posted they were excited to move into their first home. Realized after seeing the thread that I didn't even have that excitement on the first day. Wondering if anyone has advise on jump starting the motor. Have a house, could care less about it. Not proud of it. Tell people the town I live in. Not where the house is. Miserable? EDIT: there are a few characteristics about the home that we thought we would get use to. Like not being able to fully stand up in all area of a finished basement. [link] [comments]  |
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