Having a real hard time finding a contractor willing to do jobs from $500-$2000, handymen aren't skilled enough, good contractors want bigger jobs. Real Estate |
- Having a real hard time finding a contractor willing to do jobs from $500-$2000, handymen aren't skilled enough, good contractors want bigger jobs.
- Possible turnkey acquisition. Thoughts?
- How common is the Contrast Principle when selling real estate / buying?
- Buying a townhome in Canada?
- What to buy delinquent tax deed that has occupants
- Best online certification courses? (PA)
- Most valuable additions for rentals
- Is there a rule of thumb for how much profit you should make before you sell a property? The property is in Daly City, CA
- Dropping mortgage insurance on investment property without REFI?
- Real estate license (CA)
- How do I structure a project manager contract?
- Looking to rent in San Bernardino.
- Purchasing in NYC
- Anyone familiar with the Portland, Oregon market?
- Debt to income scale...
- Question for those more experienced
- Should I even try buying a house?
- I need Tips on Real Estate Wholesaling? I'm a newbie
- Excluding capital gain from sale
- Breach/Misrepresentation of Material Fact: Stained Glass Films
- Thinking about getting a real estate license, what is my earnings potential?
| Posted: 03 Nov 2018 01:44 PM PDT My basement has been leaking for 3 weeks now, and we've had to go through 4 contractors (1st one caused the problem, said hes in the hospital, and no longer answers his phone, nor has he returned the $1200 we paid him) 2nd contractor went AWOL after seeing how little work was to be done, 3rd contractor said because there was a leak, he refuses to work down there unless we rip up all the flooring and walls and ceiling(basically he wants more money) and 4th contractor has stood us up for 2 meetings now. I've tried thumbtack, contacting my realtor, my friends, googling nearby contractors on google maps, I'm going nuts and my basement is flooding! I'm in Philadelphia BTW, if anyone has a contractor there who is reliable and OK with small jobs, let me know, but otherwise anyone have any good websites or tactics for finding dependable guys? [link] [comments]  |
| Possible turnkey acquisition. Thoughts? Posted: 03 Nov 2018 11:47 AM PDT Hello all, long time lurker here. First time Poster. I have an opp to purchase a "turnkey" property. (2bd, 2br duplex) (1 + 1 in each) that is fully occupied 15 min from downtown of a pretty major city in this area. But, this requires crossing a bridge/state lines and paying a $3 toll each time. Here are some stats:
You can find an outline/overview here Some notes about the figures:
I have yet to see the property, but I have scheduled a showing this week. Major points:
From a numbers standpoint, this seems like a good deal. What do you guys think? Any specific things I should look for when I visit the property? Any specific questions I should ask? I appreciate any and all input! [link] [comments]  |
| How common is the Contrast Principle when selling real estate / buying? Posted: 03 Nov 2018 10:24 PM PDT Hi Guys, I've heard about a "tactic" real estate agents use when selling houses involving showing a potential buyer several over-priced, undesirable properties before showing a buyer houses that were properly-priced/in good shape. Is this true? Is this a common strategy realtors use? Thanks for the help. [link] [comments]  |
| Posted: 03 Nov 2018 09:19 PM PDT Hello all, first time poster and home buyer. My partner and I are looking to buy our first home (outside Vancouver, Canada) and I'm looking for some input. We want to be outside the city because it is insanely expensive and we are looking about an hour away, where there are basically four options (in approximate order of price): mobile/manufactured homes in a mobile park, condos, townhomes, and (very) expensive detached homes. It seems like townhomes are a good middle ground here - mobile homes are iffy in that you don't own the land and can get into trouble if it is sold, condos are okay but dislike hearing above-floor neighbours (and we also have dogs), while detached homes are >700k. I guess I am just hoping for some advice from people who have bought townhomes - how does maintenance work for things like roofing? Am I correct that the value is higher because you actually own it versus a mobile in a park? Is it enjoyable to live in one? Can you hear side-neighbours? Lots of condos exclude dogs - can townhomes do this? Is a downpayment of ~30% acceptable for most townhome mortgages? Thanks for any replies! [link] [comments]  |
| What to buy delinquent tax deed that has occupants Posted: 03 Nov 2018 09:52 PM PDT I'm looking to try to buy a tax deed to a few acres with a double wide. I've looked at the property and it doesn't seem to have anything against it. Doing a little research on it it seems like a lot of family members live there together and have for 20 years. I'm just not sure what to do if I win it in the bid. I've read where people have just walked up to the house and talk to the, but I own land down the road and am in the process of building a nice house and don't want to take a chance of retaliation if their pissed and it's out in the boonies a bit. Is there a way to use a lawyer that's not expensive or send a letter or is actually talking in person the best? I've also seen people talk about renting to the previous owners but they can't even pay $500 a year in taxes. Plus documents online show they've taken many loans against the place throughout the years. They do seem to all be paid off. I'm not worried if they trash the place because I mainly want the land. Any advice or personal experience is appreciated. [link] [comments]  |
| Best online certification courses? (PA) Posted: 03 Nov 2018 07:54 PM PDT I'm trying to research an organization to get my real estate certification from, but it's so hard to tell which ones are worthwhile when reviews are hard to come by for them. Has anybody taken their courses online and had a positive experience they'd be willing to mention? Much appreciated. [link] [comments]  |
| Most valuable additions for rentals Posted: 03 Nov 2018 07:26 AM PDT Looking to buy and rent a home or apartment for the first time. Would love some tips on the best things to add to properties that add additional value to the property such as replacing countertops to granite or changing the flooring. Preferably best bang for your buck! [link] [comments]  |
| Posted: 03 Nov 2018 09:14 AM PDT In 2009 I purchased a one bedroom townhouse for 220,000. It is my first and only home. In 2011 I had to relocate to Los Angeles for work, where I rent an apartment. I have kept my place in Daly City, so it's currently a second residence for me. As we all know the market in the Bay Area has exploded. I'm getting many offers from realtors who seem to think that I can get over $500,000 for it. I don't know if there's truth to that or if they are just trying to sweet talk me? Anyways, if it is going up that fast, should I sell now? Or should I wait it out? What's the rule of thumb for buying and selling for investment? Should you double your investment or triple your investment? Is there a rule of thumb? Thoughts? Suggestions? Sorry for so many questions. This is all new to me. Btw, this didn't start off as an investment, it started off a home I thought I was going to have forever. I love the bay area and part of me doesn't want to give up a home in the bay area where I might not be able to afford to buy again. [link] [comments]  |
| Dropping mortgage insurance on investment property without REFI? Posted: 03 Nov 2018 02:06 PM PDT Purchased a home in 2015, fairly quickly life changed and I started renting it out. Value has increased a little bit (from 300 to 400+) and I feel like I could be more efficient. If I REFI will have to get investment rate which is higher than my current 4.35% [link] [comments]  |
| Posted: 03 Nov 2018 11:47 AM PDT I have been involved in 4 real estate transactions. 3 times as a buyer, once as a seller. Would it make sense for me to get a license just to save 2-3% on my purchases and sales? I don't know how many more properties I'll be buying or selling, but I'm in the market for another and it could be a savings of $5-7k just on this one transaction if I represent myself and make the commissions. I'd ask them to change the seller commission to 0% and take the commission off the selling price so I don't get taxed on it right away as income. [link] [comments]  |
| How do I structure a project manager contract? Posted: 03 Nov 2018 01:34 PM PDT I'm looking for advice on structuring a pay scale for a project manager that will be helping me with my first (and hopefully future) home flips. They quoted me a rate of 20% of rehab costs (or 15% if I use them as both buyer and seller agent). My initial reaction is that this doesn't really incentivize then working on time or under budget since the more they spend on rehab the more they'll make. I'd love to do something that balances this with maybe a percentage of profit but am curious if other people have insight as to the correct balance (or should it be strictly one way or the other?) Also should there be additional bonuses for finishing ahead of schedule? If anyone has a sample contract for this id love to see one. [link] [comments]  |
| Looking to rent in San Bernardino. Posted: 03 Nov 2018 10:57 AM PDT I have been looking at houses in the San Bernardino area and should have more than enough for a down payment come January. Where can I find the laws stating weather this is allowed in a given county/city? Also would it depend on if it is an HOA as well? [link] [comments]  |
| Posted: 03 Nov 2018 04:23 AM PDT Hi forum, I am a 30y.o. male making 110K a year working for the federal government. I have 200k in personal savings and 180k in my 401k. Currently I live in Tokyo, Japan, but I'm planning to return to the states early 2020. I'm planning to relocate to NYC or Boston upon leaving Tokyo. Preferably NYC because it's a big beautifully chaotic city. Would 200k in cash allow for purchasing of a renovated condo in Astoria? Also, are condos in NYC smart investments? I can pretty much go anywhere in the world with the federal agency that I work for, so I'd like to be able to rent the condo out when returning overseas. Obviously I'd live in it when living and working in NYC. Appreciate the comments and/or advice regarding my post. I realize that the NYC market is a completely different beast than the rest of America's. Please educate me! Thanks. [link] [comments]  |
| Anyone familiar with the Portland, Oregon market? Posted: 03 Nov 2018 03:08 PM PDT TLDR: Looking to buy near Portland to live in for a few years and then likely convert into a rental property. Would love to get some input about the rental market and opinions on the varies east-side neighborhoods and suburbs of Portland. For more specific info, I'll paste below what I posted over in r/askportland. Thanks
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| Posted: 03 Nov 2018 02:49 PM PDT Can someone help me understand the way this scales? Lets say this is my only income. Like... if I am going to buy a 100k house and earn 10k annual. How many of these could I finance before I was over the limit? [link] [comments]  |
| Question for those more experienced Posted: 03 Nov 2018 02:19 PM PDT How hard is starting out as a broker? Currently im in sales, i sell for a large HVAC company. I love sales but strongly dislike my ability to control my lead flow as well as advertising on my own (strict guidelines). I make good money, so i would start out with doing deals on side until my business grew. When i was young i started a construction business largely from word of mouth, ran it for 3 years. Had 5 employees but it totally burnt me out, now im doing sales but im realizing i really miss running my own business. Looking after the books, control of the complete sales cycle. I curious as to what your experience was like as a first year agent. As well as (if you have the experience) transitioning into running a full fledged brokerage and last but not least where do you see the industry going? For me the obvious benefits are: Personally i love to dress nicely but my current job just doesn't call for it. I could sell a product i truly stand behind Options down the road for starting a brokerage. Running my own business once again. Personally im very passionate about real estate investing, residential and commercial it's where i see myself going in the next 5-10 years and i feel like it would be a good fit IF i could get the momentum from the start. Thanks in advance guys! [link] [comments]  |
| Should I even try buying a house? Posted: 03 Nov 2018 02:04 PM PDT Hopefully someone here can help me out with a little advice. I'm 34 yo and am self employed. Until recently I was 1099 but have formed an s Corp to reduce tax liability, the usual. Up until not too long ago I lived pretty much on gross income and eventually would catch up on taxes. Don't ask why, just not very responsible and on a personal note I created a lot of wreckage until I got sober almost 4 years ago. Fast forward to now. I have virtually no savings because I'm paying off a personal loan that was used to consolidate credit card debt, and I'm the only income. A year ago we moved from southern California to Tennessee, so while we lived in southern California we spent most of our income on rent. However, I somehow managed to never miss a single payment on anything in my life, so I have really great credit. I also make roughly $120k annually but after business expenses and taxes it's more like 80. My 2019 projected income is about $135k gross. Note: 4 years ago before I stopped drinking and drugging I was making $42k gross, so it's not like I was putting away a bunch of money this whole time. This high income is new, I went from 89k gross to 120k gross this year. My issue is this. In my line of work I am able to sell off some of my accounts. I sell merchant services and I can get up to 24 months up front residuals as a single payment, so I can generate a down payment fairly quickly. I'm in Franklin Tennessee where a house will run me about 400-450k. Do I rent and save or do I sell some of my income and buy now? I'm now at a point where I can save about $1k/mo if nothing comes up. During this next year I can probably do more. Are there lending programs that would work for me with very little down? I'm hearing a lot of chatter about the housing market slowing down. Do I practice patience and continue to rent until I have more of a down payment? [link] [comments]  |
| I need Tips on Real Estate Wholesaling? I'm a newbie Posted: 03 Nov 2018 10:05 AM PDT I'm new to Reddit so please excuse me if I posted this in the wrong thread or did something wrong on this post. As a guy getting started, where do you recommend I start? I've watched several videos of how to do it and what not but my questions are. What software, tools, marketing strategies or any useful info can you give me? What do you wish you had known when you were starting out? How did you develop a buyers list? Please keep in mind, I don't believe in those so called youtube gurus who make it seem as easy and promise people that they'll make a billion dollars a day. I know its a grind and I'll have to fight it out. I don't want to be like any of the shady real estate wholesalers I've read about that have no ethics as well. I'm a web developer/marketer/graphic designer I only mention that because it saves me costs on development of a website and graphics for marketing materials. [link] [comments]  |
| Excluding capital gain from sale Posted: 03 Nov 2018 09:05 AM PDT I have read Topic No. 701. I am fairly certain I qualify for it. I asked my realtor about it, and he said he is not allowed to give tax advice. Alright, fair enough! He mentioned to talk to a CPA, because he was not sure if I was allowed to exclude the captain gain if it doesn't go towards buying new property. I bought my primary residence in 2015 for 100,000. We hope to sell it for around 135-145,000. I have 88,000 left on the mortgage. So, I should have some capital gain coming in from the sale. Will I still be eligible for this exclusion if the gain is not going towards the purchase of new property? If so, do I need to inform anyone or do anything special for this? Thank you. [link] [comments]  |
| Breach/Misrepresentation of Material Fact: Stained Glass Films Posted: 03 Nov 2018 08:42 AM PDT Is it in any way a breach or misrepresentation of a material fact to put plastic films over windows that make them appear to have etched designs and stained glass patterns, and not tell the buyer they are fake (assuming they don't ask)? Say the window had imperfections, but you wouldn't notice with the film over it? [link] [comments]  |
| Thinking about getting a real estate license, what is my earnings potential? Posted: 03 Nov 2018 08:01 AM PDT |
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