Which is worth more- bedrooms or garages or rooftop decks? Real Estate |
- Which is worth more- bedrooms or garages or rooftop decks?
- "German American Capital Corporation funded a $22.5 million first mortgage loan to refinance existing debt encumbering the borrower's fee simple interest." What does this sentence mean? Thanks!
- One of my tenant wants another tenant out?
- Co-Buy a house with significant other.
- Facts Behind the Establishment of Dedicated Directorate General from FBR
- Real Estate Investors of Reddit, what do you wish you knew before you started building your portfolio?
- There is a house I like with an approved short sale.
- Sellers Asked To Buyout Lease
- [LI, NY] What’s the point in owning a house?
- VA loan source
- Can someone with real estate knowledge give me an estimate?
- Mortgage questions for a house with a FHA loan
- Keeping good tenants.
- What to do with 1031 exchange property? [in California]
- So I’ve got a dumb question ..,.,
- House not selling
- First purchase
- Another recession and cheaper homes?
- Questions about house flipping..
- CA Buyer Has Trust and Wants to Make Offer
- Buying a home during divorce
- [ohio, usa] What can I do with tenancy in common? Ex: sharecrop, advertising
- Just bought a house, question about sale history?
- Is it difficult to rent out 2 rooms individually in a 3 bedroom townhome?
| Which is worth more- bedrooms or garages or rooftop decks? Posted: 09 Dec 2018 08:26 PM PST Edit: these are all new construction townhouses I'm trying to choose between 3 houses in around the same area that have some basic trade offs. I don't own a car but may want to in the future and I don't know if not having a garage will make my house harder to sell. I also live alone and don't necessarily need a lot of space. However, I'd like the potential to airbnb or get a roommate with their own space if my financial situation ever changes or if I age and happen to get married and have children. My HCOL city also has increasing parking scarcity. Which of these has the best "value" or are the most future proof? House #1: 2 real bedrooms and 2 non-conforming bedrooms (only because they don't have a closet). giant rooftop deck. No garage but according to agent, street parking is "easy." could potentially airbnb or get an inobtrusive roommate on the 1st floor since it has 1 bedroom and 1 extra "living" room. There are also a whopping 4 bathrooms in this house compared to 2 in the other options below. House #2: 1 real bedroom, 1 tiny non-conforming bedroom (missing closet). Tiny garage. Could potentially airbnb the non-conforming bedroom on its own floor but it is very small. Would not support a person living there long term. I also really fell in love with this place because of its layout. This also has a rooftop deck. House #3: 1 real bedroom and 1 bedroom suite. Garage and rooftop deck. Could potentially airbnb the suite on its own floor. Location is also marginally better than #1 and #2 tl;dr: looking for better value on 4 bedroom no garage vs. 2 bed, 1 garage vs. 1 bed, 1 small bed, 1 garage [link] [comments]  |
| Posted: 09 Dec 2018 10:19 AM PST |
| One of my tenant wants another tenant out? Posted: 09 Dec 2018 05:02 PM PST I rent my house to a unmarried couple... they both have been divorced and have their owns kids in the house. Both are legally on lease. The male called me today and said the female have been seeing her ex and the female kind of doing drug. He said they are separated and no longer in a relationship. The act of the female make the male concern about the safety of his kid. The male have been paying 100% of the rent on time while the female does not even have a job in the past 6 months. He said he wants to keep living in my house but wants the female out of the house... but both of them are legally on the lease. As a landlord, what can I do to make the situation better? [link] [comments]  |
| Co-Buy a house with significant other. Posted: 09 Dec 2018 06:27 PM PST Hello, I'm not looking for the everything I need to know. I expect its not an uncommon thing and just need to know who I should talk to. Family lawyer? Civil Lawyer? neither? For the record we are in a very happy relationship but have no desire to have kids or get legally married (please pardon our cynicism). We are simply looking for the best way to protect both of our interests in the long run. SO, my girlfriend and I have been living together for almost three years under her roof. She was closing in on buying her first house around the time we met and owning a house has always been one of her life goals. I've been paying her for the cost of bills and a small sum that we agreed on when I moved in every month as a sort of rent, I have no claim to the equity (or debt) of the house we currently live in. Well, now I've saved a substantial sum of money and intend to use it as a down payment for a larger house in a better location. I make a significantly higher yearly salary than she does and intend to pay more per month than she does because of it. At the end of the day I want to make sure she doesn't lose the equity in the house we are currently living in by investing it into a new house that I've put my name on half of, and I also want to make sure that I'm not paying 75% of a mortgage for ten years only to get 50% of the value from it 10 years down the road (when she inevitably figures out I'm not good enough for her lol). Is this common or crazy? Is there something of a contract we can get together and sign? What kind of Lawyer am I looking for or is that not even necessary? We live and intend to buy a home on the Kansas side of Kansas City if that matters. Thanks all in advance! [link] [comments]  |
| Facts Behind the Establishment of Dedicated Directorate General from FBR Posted: 10 Dec 2018 03:16 AM PST It has been in news now that the Revenue Division has formed a new Inland Revenue field for immovable properties to check valuations, evasion information in the Property Sector. Read the full story: https://www.rightdeed.com/blog/613/facts-behind-the-establishment-of-dedicated-directorate-general-from-fbr [link] [comments]  |
| Posted: 09 Dec 2018 12:12 PM PST I'm trying to buy as many rental properties as I can, but curious to hear the experiences of people with any approach to the market. [link] [comments]  |
| There is a house I like with an approved short sale. Posted: 10 Dec 2018 02:30 AM PST This house is a 4 bedroom ranch. The short sale is a approved by the bank. The sale is 289,999. Would I be able to offer $270,000, or 275,000? Is an approved short sale has to be 289,999? [link] [comments]  |
| Posted: 09 Dec 2018 07:51 PM PST We put an offer on a home. Our lease ends on April 25th. Submitted asking price on the condition of 3/01/18 closing date. To break the lease it's about $2k (2 months rent), and we didn't think it was logical to drop the money for that. The seller came back asking what it would cost for them to cover the cost of breaking the lease. The mortgage broker insists on a separate contract from the home purchase to cover the stipulation. I think it could be good. There are no other known offers, so we maybe have leverage. What should I do? [link] [comments]  |
| [LI, NY] What’s the point in owning a house? Posted: 09 Dec 2018 07:12 PM PST With the standard deduction now being $12,000, is there any point for a single male making under 100k (or anyone for that matter) to own a house or condo? Especially somewhere like Long Island where taxes are historically very high? Writing off up to $10,000 in mortgage interest is irrelevant if you're not itemizing your deductions. After interest and taxes (and don't forget about the rising rates if you have an ARM or if you ever need to refi), you're basically diminishing the equity you put into the property (even after appreciation year after year, while taking the risk of potential depreciation if the market does poorly), especially after closing costs and PMI if only 10% is put down on a conventional. Couple this with the responsibility and headache involved with owning a home, it just doesn't seem worth it as of now. I've always been a fan of buying so you can start putting equity into a property to get ahead, but this just doesn't make sense... Can someone convince me otherwise? [link] [comments]  |
| Posted: 09 Dec 2018 05:28 PM PST I am looking to buy my first house. I am a disabled vet and going to use the VA home loan. I was thinking about using Navy Federal Credit Union based off other recommendations and their rates. But a realtor recommended a local (where I am buying out of state) Mortgage Consultant. Is one intrinsically better than the other? Advantage to either? Google isn't helping on this one. [link] [comments]  |
| Can someone with real estate knowledge give me an estimate? Posted: 09 Dec 2018 11:05 PM PST I'm looking through some local real estate, and I'm a younger guy who's looking to eventually find a home with his mother, am just wondering, if I sent a link to several homes within the general price range that I'd like to go for, if someone can look at the estimated monthly mortgage and tell me if there's a certain down payment percentage that we'd generally need to actually move in to these homes? And why they may differ, other than price being higher or lower? [link] [comments]  |
| Mortgage questions for a house with a FHA loan Posted: 09 Dec 2018 10:01 PM PST How much can i expect to pay monthly for a house with a FHA loan?Does it depend on credit/income? I have 10k savings. Houses i'm looking at are around 100-170k. (florida house prices are nice where im at) [link] [comments]  |
| Posted: 09 Dec 2018 04:42 PM PST Long story short, a tenant I've had for 2 years has fallen on hard times recently, lost job but immediately got a new. They have kept me up to date on everything with finances relevant to their ability to keep the place and have fixed things (with my consent and approval beforehand) at the property at no cost to me, though I have documented it regardless, just them being an awesome tenant. They've never been late on rent till now. Its winter, in rural blue collar MD, and I know they'd tell me if they would need to seek other housing arrangements due to financial difficulties. I'm thinking about waiving the initial late rent charges in hopes of them staying and not looking for a cheaper place later on so long as they pay the rent in a reasonable time. The late fees are for the past 2 months totaling $100 but in their current situation idk if that would spur them to look elsewhere when the time comes. I really don't want to loose a good tenant in the winter months over a measly $100-200 dollars if they are paying consistently when they say they will even if it is in the middle of the month. Is this a bad idea to show any leniency to a tenant, even a great one? I know from experience giving a inch will make some take a mile, but I just want to secure my own future rent too. [link] [comments]  |
| What to do with 1031 exchange property? [in California] Posted: 09 Dec 2018 02:01 PM PST Hello all, Here's the situation, I have a property in a 1031 exchange worth about 610-625K. It's currently collecting about $2,800 in rent after taxes and HOA. What are some better options for this amount of investment power? I think my finances would allow me to qualify for other mortgages. I think I'd like to invest the 610-625 into 2-3 other properties and carry mortgages on them. In the market area I live, I could rent the properties pretty easy. Do you have any other ideas or suggestions?? [link] [comments]  |
| So I’ve got a dumb question ..,., Posted: 09 Dec 2018 07:21 PM PST So I've been drinking with the fam watching football and we had a thought I have decent credit but never bought a home, chilling on a sweet stack of cc and school debt. About 18k. Was looking and the southern portion of my state seems to be growing fast but older houses ie 50's and 60's selling real low, like 70-80k and the few I've looked at seem in good shape (not an inspector I know). The rental market looks really strong their as well. The dumb question or idea is is it plausible/ possible to purchase one of these homes and rent it out. (Either consolidating my debt into the mortgage (is that even possible) or using the profits to pay off these things. I know there are things to consider such as CapEx, inspection, not finding a renter, and taxes . Really just don't like having debt thats not helping me. [link] [comments]  |
| Posted: 09 Dec 2018 02:47 PM PST Family members of mine bought a house during the bubble. They accept that they will be selling with a loss. House has been on the market for over 3 months with no offers. Feedback were that the bathrooms and kitchen is dated, which I agree with. Basement not completely done. The house is otherwise in great condition. They are worried that making these updates will be extremely expensive and with no guarantee of getting the returns. What should they do? Continue to lower the price or make some updates to attract more buyers? Wait till the spring market to go back on the market? [link] [comments]  |
| Posted: 09 Dec 2018 05:26 PM PST Advice for first time home buyer looking to buy a home to live in for a few years, make a few bucks? Property selection advice? Any tutorials? Got the basics down already I hope. [link] [comments]  |
| Another recession and cheaper homes? Posted: 09 Dec 2018 05:06 PM PST Hi y'all! I have a question regarding the housing market. I live in the Bay Area (East Bay) and looking to buy a home in about 2 years. Are the hosing prices going to keep going up or will another recession hit and bring prices down with it? There are two very different voices out there. Some saying another recession is coming, other say it's not. Currently a 2 bedroom, 2 bathroom apartment in the city I'm looking to buy is around $570,000. Is it going to go up, go down or stay the same in 2 years? Thank you so much in advance for your wonderful advice which I can't wait to read! [link] [comments]  |
| Questions about house flipping.. Posted: 09 Dec 2018 02:43 PM PST So I'm getting ready to turn 22 and up until recently I was struggling to find what I wanted to do as a career. I decided I want to go into real estate, I really want to give house flipping a try. I know it takes time and I made some mistakes when I turned 18 with my credit but I would like some tips & advice on the flipping topic. I know the basics, buy cheap, fix, sell for profit. My dad and uncle have both done (and currently do) remodeling on houses, floors, walls, ceilings, foundation, roofs, pretty much everything but electrical. I plan on having them teach me about all of that. Also my dad is friends with two guys who sell houses so he could work out a deal on cheap property to start out with, and since he knows the houses he'd know if anything is majorly wrong. As for now I live with my uncle and we're trying to get a hold of a house right now to move into, I think living in it and fixing it up while we pay it off and then selling would be a good idea (while also giving me practice on updating). My main questions come about taxes and loans though. I wasn't really taught about taxes and I was wondering what all would come along with house flipping, once I got into it. As for loans that's going to be well after I work on my credit but what kind would be best for this? Thanks in advance for any help. 💖 [link] [comments]  |
| CA Buyer Has Trust and Wants to Make Offer Posted: 09 Dec 2018 02:04 PM PST I have a Buyer who wants to make an offer on a home. The Buyer has all other properties in a trust. What is needed to make the offer so that the listed property goes into the Buyer's existing trust? [link] [comments]  |
| Posted: 09 Dec 2018 01:59 PM PST If a person is living in Massachusetts and in the process of a divorce (it is final on 1/10 I think (not me). Can this person purchase a condo in NH (mine) and close before the divorce is final without fear that the ex-spouse will gave legal rights to this property? [link] [comments]  |
| [ohio, usa] What can I do with tenancy in common? Ex: sharecrop, advertising Posted: 09 Dec 2018 08:49 AM PST I recently purchased a 50% share in a half acre of land from my mom. It has been passed down through the family for generations and the person who owns the other 50% is a distant cousin I've never met. I would like to put a billboard type advertisement up because it's along a main road. Do I need permission from the other owner to do that? Is the cousin entitled to 50% of the proceeds? I would also like to sharecrop this property as it is farmland. However, it's already being farmed. Mom has never gotten a share of this money and never consented to it. The other issue is that she thinks this cousin is doing the farming himself. This would mean that in my mind he'd be entitled to more than 50% because he's doing the work. [link] [comments]  |
| Just bought a house, question about sale history? Posted: 09 Dec 2018 12:30 PM PST Hi, i've just bought my first house and I'm quite happy with it The only problem is i naively didn't research the sale history until after moving in - it looks like property has been sold every 2 years Is this something to be worried about, and what could the reasons be for this? [link] [comments]  |
| Is it difficult to rent out 2 rooms individually in a 3 bedroom townhome? Posted: 09 Dec 2018 12:30 PM PST First time rental investor and I am thinking about buying a 3 condo/townhome by work (Costa Mesa, CA). I was planning on living in one room and renting out the other two. Is this easier said than done? Most places in the area are 3/2.5. I might also possibly be moving out after a year or so so I may need to rent out 3 individual rooms. Anyone have a similar experience? [link] [comments]  |
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