- Sorry if this is the wrong sub but my landlord put a vending machine on the other side of the wall of my bedroom and now I can’t sleep because vending machines are loud and they’re vibrating my bed. What can I do?
- Looking for positive cash-flow, should I stock up on you inexpensive rental properties or invest in real estate funds like FundRise?
- My wife and i recently came into some money and we live in an urban area outside detroit mi, we would like to gtfo dodge so to speak.
- Barking Dogs
- ZLL Earthquake Foundation Repair
- Inexperienced buyers, questions about Open House
- Just found out that issues are not being addressed by my property manager
- What bank do you use for your rental property? (checking account)
- Partner laid off after we were pre-approved
- Any lead generating companies cost effective?
- For those who turned their house into rental property or have experience with single family rental properties: What type of flooring is recommended to accommodate everyday wear and tear of rentals?
- Late new construction
- Question about selling a home.
- Condo vs renting?
- Development versus sales?
- Lender ran my credit and score drop
- Home Inspection Siding Issues
- 18 years old and want to invest
- Need to liquidate parents house
| Posted: 08 Dec 2018 06:55 PM PST |
| Posted: 08 Dec 2018 04:30 PM PST |
| Posted: 08 Dec 2018 05:49 AM PST im having a hard time finding something we can handle outside the urban areas. tax auctions only happen once a year around here, so ive read. im kinda lost to all the lingo, and also having a hard time trusting realtors. they laugh at me when i tell them i want some land. we will have 15 to 20k to work with. i know its not alot to some but its a hell of alot for us. any suggestions? [link] [comments]  |
| Posted: 08 Dec 2018 08:34 AM PST My wife and I moved in to our first house together about 7 years ago. It was a smaller rental in a decent neighborhood. It was quiet and safe, no HOA, and pretty good neighbors. Once in a while we'd hear dogs bark at night, but it was usually fixed with a quick conversation or text. It didn't bother me much though, knowing it was a rental and we wouldn't be dealing with it forever. After 2 years of renting, we decided to buy a house. It was only about a mile from the rental, but about twice the size, twice the price, much nicer guard gated community with fairly strict HOA. I felt like it was a nice upgrade. Pretty much immediately after moving in, I couldn't believe the amount of dogs barking. The four houses next to us (two on each side) had dogs they'd either leave out all day, or had a dog door so they could go in and out at their leisure. Not only was our community very family friendly, but there was also a hiking trail up into the mountains directly behind out back fence. The neighbor dogs would bark as people walked by, front or back. They'd start when they heard them coming and continue til they were gone. Sometimes they'd all bark, sometimes only some of them. It depended on who was home and had their dogs inside. This would start as the sun came up and go well into the evening. My wife wakes up at 2:30am for work, and I wake up at 4:30, so we are usually in bed by 7. I started out by asking nicely, but quickly found out how defensive pet owners are of their dogs. A few of the excuses I heard from different neighbors 'they only bark when there's someone out there', 'they're dogs, they're going to bark', 'are you trying to sleep or something? why does it matter?', and my favorite from my next door neighbor with two boxers 'I can't undo years of training and make them stop barking now'. I called the HOA, and they said all they could do is a send a letter. I realize I could have escalated it by contact an attorney or the police, but it was 7 out of the 8 houses around us. I felt like it was me against everyone. I figured it was better to get along with my neighbors and be pissed off at their dogs barking rather than the alternatives. We put up with that for 4 years. Sometimes it was better, sometimes it was worse, but we could never go more than an hour without hearing dogs bark. We had a wonderful back yard with a pool. We built an outdoor kitchen and fire pit. We tried out hardest to make an enjoyable outdoor living area. How quickly a relaxing night can change when the two german shepherds over the fence decided they wanted to bark endlessly at absolutely nothing. Here we are in a rental again. We sold our house and decided to rent for a while and see what we really wanted to do. The funny thing is, the rental is in a much busier area, lower demographics, and it is 10x quieter. I've learned that the higher the income area, the people don't change. If anything, they're worse. Sorry for the long-winded post, but I actually do have a question. Has anyone altered their house search due to barking dogs at a house showing? We looked at a nice house yesterday on 1/3 of a acre (because I figure more land will space us out from the neighbors more), and just over the back fence were 3 LOUD barking dogs. I thought to myself 'NOPE, not again'. Unfortunately, multi acre or larger lots are just not available in our city without a 60+ mile commute. I don't know if we'll ever be able to escape ignorant pet owners! Side note - Yes, we do have a 5 year old black lab. She stays inside with us while we're home. We take her on long walks every day. We leave her in while we're away so she doesn't bark. [link] [comments]  |
| ZLL Earthquake Foundation Repair Posted: 09 Dec 2018 02:11 AM PST I own one side of a ZLL, I had significant damage from an earthquake that caused my foundation to sink. The repair to raise the foundation has to be done on both sides. The city has voided the occupancy till the repairs are completed. My attached neighbor told me he doesn't want to do the repairs and is planning on just walking away from the mortgage. I have over 130k sunk into the equity of the house. My insurance claim for replacement cost expires in 2 years. So I need to action before then. Is there anything I can do? [link] [comments]  |
| Inexperienced buyers, questions about Open House Posted: 08 Dec 2018 05:39 PM PST Hello, My wife and I have been considering buying a home for some time now (we currently live in a 2-bedroom apartment with our 2 year old son and have gotten tired of noisy neighbors and other aspects of apartment living), however, we're not "actively" looking - we haven't looked into financing or contacted a broker or anything yet. We've mostly just been monitoring realtor.com and other sites to see if anything we like pops up on there within our price range. Mostly just "window shopping" if that makes sense. Today my wife noticed a listing for a 4-bedroom townhome that looks beautiful and is at a price that we believe we can afford (although again, we haven't actually looked into getting a mortgage so not sure how much we'd be approved for). We drove by tonight and really like the neighborhood and there's an open house tomorrow - so here's my question: is it worth it to go to an open house for a townhouse we like, without having done any real research or preparation for buying a home beforehand? We've never bought a home before (we've both been renting since we left college nearly 10 years ago). So we're completely inexperienced with the home buying process. Is there anything we should look into before going to the open house? If we go and decide we like the home, what should our next steps be? I assume we shouldn't make an offer before we're approved for a mortgage, right? Final thoughts: the townhouse almost seems undervalued, so they might be expecting to get more than the asking price, and we can't afford it if it goes much higher - asking price is about $350k right now and we'd like to stay below $400k if possible. Finally, we live in Northern Virginia and Amazon will be setting up their new headquarters here so we wonder if buying now might be a good idea before prices go through the roof due to the Amazon HQ2. Any help, tips, guidance would be appreciated. Thanks! [link] [comments]  |
| Just found out that issues are not being addressed by my property manager Posted: 08 Dec 2018 07:52 AM PST First time rental owner here. My property Managment company placed a fantastic couple 6+ years ago. They have always been on time with the rent. There have been very few maintenance issues over the years. I was a bit bothered by the PM not letting me know when they schedule repairs in advance like I had asked, but I let that slide because it was rare. I just assumed everything was going smoothly. Then I drove by the property a few weeks back (I live a few hours away, but have relatives in the area). I noticed one of the trees had gotten huge (fruit tree), it was hanging over the roof, gutters, and fence causing problems (I probably should have cut the tree down prior to renting the house out). My husband was a line clearance tree trimmer for many years, so we decide to cut the tree back ourselves, made an appointment through the PM, and went to do the work. One of the tenants was home, we get to talking, and she starts telling us about all these issues that they have had, that have been completely ignored over the years (including the tree)... I'm shocked by this news, apologize, and tell her that I will be making things right. She told us that they eventually stopped bothering to tell the PM about any issues because things would never get addressed. These tenants are great, I would like to keep them happy. I would also feel more comfortable, especially at this point, being more hands on with making sure the property is taken care of. I do not want things falling into disrepair again. I'm wondering how I should proceed from here. The tenants have no plans to move any time soon... they love the house, and plan on staying for the foreseeable future. Since I'm now dealing with the tenant and the maintenance myself, I thought about taking over the management completely. The downside is that if they do ever move, I don't want to have to deal with placing another tenant while living hours away. I do also like the fact that the PM deals with the finances/record keeping/tax records, but a 10% fee seems rather high for those services alone. Should I try to renegotiate the PM fee if I will be doing part of the job myself? Should I try to find another PM instead? I've even considered becoming a PM myself, in the town I live in, to learn the job so I can handle my own property (I hope to eventually add one or two more rentals in the future). At the moment I'm not really up on all the laws involved with being a landlord, but I'm not opposed to learning. I've also read about one person on Reddit who handles his own property, but pays a realtor to place the tenant, has anyone else used this method? This might work well in our scenario. [link] [comments]  |
| What bank do you use for your rental property? (checking account) Posted: 08 Dec 2018 06:41 AM PST I've been looking around to see what bank's checking account I should use for rental properties. Top choices so far: - Ally Bank - Finn by Chase - Simple Bank What do you use? Why? [link] [comments]  |
| Partner laid off after we were pre-approved Posted: 08 Dec 2018 07:22 AM PST So 3 days after we talked to lender and were pre-approved (haven't run credit yet) my partner gets a letter saying everyone is terminated in February. Company is shutting down. My job is perfectly fine though, and I make more money anyways. She's also not too concerned with finding another job, and she can get unemployment. So on our end, everything is still fine. So I'm worried about the lender not wanting to lend anymore. Our thoughts are that we can either wait until she gets another job and wait until she has sufficient time at that job or we can select a house ASAP and get the ball rolling without anyone being the wiser. Should we keep our mouths shut about it? Would it be unwise to tell our agent about it? [link] [comments]  |
| Any lead generating companies cost effective? Posted: 08 Dec 2018 07:53 AM PST Just started in real estate and many people keep telling me about lead generators that helps get you leads for ur business. Does anyone have any suggestions of which to use and obviously cost if big issue with these lead generators. Thanks [link] [comments]  |
| Posted: 08 Dec 2018 09:05 AM PST Relocating out of state. Plan on turning single family home into rental property. Spouse wants to do new flooring throughout and preferably waterproof LVT/planks because "it will help with the wear and tear better than the existing flooring." I'd rather keep most of the existing flooring (hardwood, tile) and just replace the carpet which is about 10 years old. House is 16 years old, about 1900 sq. feet and was a model home. Located in San Diego County. We are the second owners and have kept it in great condition like the first owners. Would rather not spend as much on new flooring other than replacing carpet. Any thoughts or suggestions are appreciated. [link] [comments]  |
| Posted: 08 Dec 2018 01:34 PM PST We bought a home that was 80% done and was supposed to close a month ago and the builder is dragging their feet. Contract says they have 150 days from when the slab is poured...how can I find that date without asking them? [link] [comments]  |
| Question about selling a home. Posted: 08 Dec 2018 07:11 AM PST I have a lake-house in SC that I've been trying to sell for awhile now and I'm wondering if there is a way for me to market it out of state? It has been on the market for 6 months and I've had a couple of people look at it but no offers. I think it would sell much faster if people up North were able to see it. But I don't know if they're actually checking SC realty sites or if there is a better way to give the house exposure. Any ideas or tips boys? I need this house gone. [link] [comments]  |
| Posted: 08 Dec 2018 12:56 PM PST All else being equal (same square foot, same location, amenities, total identical, etc), does it make more financial sense to buy a unit in a condo building or to rent an apartment? What are the pros and cons of each? For example: Pros to apartments: lower monthly rent compared to condo principal/interest/HOA/property-tax/insurance. More flexibility if you decide you need to move a few years down the road. maintenance is taken care of. Pros to condo: after the loan is paid off, you own it and don't have to make more payments (other than tax/HOA/insurance). Able to remodel how you see fit [link] [comments]  |
| Posted: 08 Dec 2018 11:52 AM PST I have two job offers from two different companies. One is a quickly expanding commercial real estate company that does sales, financing, advising, etc. The other is a small real estate development company that specializes in affordable apartments. The first company is offering me a sales position in LA selling large multi family properties. 100% commission but it's a stable growing company. I have enough money to stay afloat for about a year and will have a roommate. The second company is offering me a entry level development position in Atlanta. (I'm currently finishing up a development internship with another small company). $55,000 to start. Just looking for some advice from those in either industry. Any input is appreciated. [link] [comments]  |
| Lender ran my credit and score drop Posted: 08 Dec 2018 06:18 AM PST So im in process of getting a mortgage since I'm putting up my current home for sale. My broker ran my credit and my scores dropped 20+ points. My scores were in the range I wanted to be to qualify for a specific down payment. But when credit was ran it took me out of that range. Will the lender see the previous score or the new one after it dropped? I got the notification couple of days later of my score dropped. [link] [comments]  |
| Posted: 08 Dec 2018 08:32 AM PST My wife and I recently had our offer accepted in the Seattle area (Renton specifically). Thankfully the market has cooled enough here to where I'm hoping the sellers are willing to negotiate. During the inspection the guy found several issues, but most are things we can deal with ourselves and at a later time. The biggest item was the siding. Most of it will have to be replaced since there are areas of water damage but we are having a specialist come out Monday to give us a better idea. We will then get a counter offer in once we know more and have until Friday to do so. Assuming it does have to be replaced is asking just for that reasonable? They asked for 605k and that's what we offered them with them covering 10k in closing costs. They had another offer below asking at the same time which was not accepted. The house was on the market for about 2 weeks. As first time homebuyers were trying not to piss of the seller if asking them to cover replacement of the siding is too much. There are other expenses that we know will come up within the first few years which is why us having to cover the siding too might make it a bit too much for us to handle. Looking at other prices in the neighborhood there are 2 houses that have been on the market for over a month at 595 and 600. They are slightly bigger but one of those doesn't have the remodeled kitchen. Ours is remodeled, although it was done because of some damage in the kitchen that was taken care of properly according to our inspection. I feel like asking them to cover just the siding is reasonable considering where our offer was relative to other properties in the area but I'm interested to hear everyone's thoughts on it. Our realtor didn't seem overly concerned about the issue but she's in China until Monday so communication has been back and forth. [link] [comments]  |
| 18 years old and want to invest Posted: 08 Dec 2018 10:51 AM PST Whats up! I am a freshman at college and for a year already I've been really interested in Real Estate Investing. My plan is to graduate and start saving as much money until I am able to buy my first rental property. Hopefully by 30 I am financially free. [link] [comments]  |
| Need to liquidate parents house Posted: 08 Dec 2018 01:30 AM PST Our single father's health just took a turn for the worst and we will need to sell his house without his involvement. He will be in the hospital for at least a month, if not forever so we are not planning to rebuy something immediately. I guess I have two questions.
More details about the house: bought about 40 years ago and is completely paid off. He has done minimal upkeep so our guess is it will be a complete tear down / rebuild, as this is what's been happening to older houses in his neighborhood. Location is Chicago proper. Also to add, the money from the house is not needed urgently but getting the house off our hands and having the capital available for when he's ready to move is ideal. [link] [comments]  |
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