AirBnB Parties Real Estate |
- AirBnB Parties
- Got totally screwed by our loan officer - what are our options
- Question about purchasing a lot years before I’m able to build [Louisiana]
- VA appraisal question
- After accepted offer, inspection set up
- Ethics of changing Real Estate Agents [Texas]
- An I too old to buy a house?
- Which college degree would you pursue to help with REI?
- Lowering the listing price. How often is too often?
- Best time to Refi Mortgage
- Roof Replacement before listing? (First-time seller - getting different opinions from real estate agents).
- Tenants making showings difficult [Chicago]
- Home Buyer Put Me Down as Emergency Contact?
- Do I have time for RealEstate?
- Deposit and eviction
- Parent's House Broken Into After A Viewing, Realtor Not Answering Calls
- Inherited real estate problem nh
- 15 Year Old roof
- Realtor Commission Towards Closing
- Fishing property?
- Houses coming up for less
- Should I pay down mortgage of primary residence to turn it into a cash flow positive rental?
- What interest rate should we expect?
- Condos being built nearby - influence on livability and property value
- First time home buyer with questions.
| Posted: 30 Mar 2019 03:47 PM PDT Not sure if this is the right place to ask. I live in La residential area. R1 zone. Neighbors sold house 2 years ago and flippers filped it and since the market went down they have decided to Airbnb the house. So for the last month every weekend they rent it out to parties with loud music. We have no contact info for the property owners but is there any law against this in LA, anyway to stop them from renting to parties other than calling the police if the music is too loud? [link] [comments]  |
| Got totally screwed by our loan officer - what are our options Posted: 30 Mar 2019 05:38 AM PDT Hello everyone, We're first time home buyers and we have a total jerk of a loan officer. We did a maximum interest lock rate about 2 months ago at 4.65%, with the agreement that if interest rates were to go down before we close, we could lock in a lower interest rate. Well, closing in the 15th and we're getting close. We spent the last week chasing after the loan officer (lots of ignored calls, texts) to ask about the lowered interest rates. For example, a bank called us and offered 4.25% with no points and lower fees overall (we looked over everything). However the closing would be pushed back until the 21st. Our loan officer finally called us back Friday evening after the markets closed and said the best he could do is 4.5%. The worst though is his attitude. He knows we're in a tough spot with the closing date so close and he's very "sucks to be you. I can't do anything" So I guess the only options I'm seeing are to go with this asshole at 4.5% or change banks and push out our closing. I'm guessing this may spook the owners though since we're changing up everything so close to the final stretch. Any other suggestions? Is refinancing potentially an option in the near future? Please help! Thanks Edited to add: we've noticed he has a habit of ducking calls when rates are low and then resurfaces when they go back up. We had a similar situation with him a while back where we were close to jumping ship but by the time we got a hold of him rates had gone back up everywhere. At that point we decided to continue going with him so we wouldn't spook the buyers since we weren't getting any interest advantages. Regretting that now. He also has an attitude of "I'm putting my investors first." [link] [comments]  |
| Question about purchasing a lot years before I’m able to build [Louisiana] Posted: 30 Mar 2019 05:39 PM PDT I'm in the Army and have 6 years to retire. We know we're going to move close to our families and after 20+ years of temporary dwellings, we want to build a forever home. The town we're looking at (Covington, LA) is growing and I'm considering buying a lot in one of the developing areas just out of town. The idea would be that it would be cheaper to buy now and that it would appreciate over the next 6 years. If something changes and we don't build, we could always sell. We'd probably buy in a development that is just building up. There are several. My question is- is this a solid plan? Do lots usually go up a good bit? Or would I be better off just waiting? I'm just starting to look into this so I'd appreciate any advice you have. [link] [comments]  |
| Posted: 30 Mar 2019 11:02 PM PDT I'm looking at a house with an unpermitted and unfinished add-on (incomplete subflooring, exposed electrical/no drywall). It was NOT included in the sf. I'm going VA loan, can this pass appraisal since the unfinished part is not listed in the sf, or should I just not bother trying? Thanks! [link] [comments]  |
| After accepted offer, inspection set up Posted: 30 Mar 2019 10:46 PM PDT Got my offer accepted, now looking at setting up the inspection. Who grants access to the property as its occupied by the seller. Can I ask to attend the inspection? [link] [comments]  |
| Ethics of changing Real Estate Agents [Texas] Posted: 30 Mar 2019 05:29 PM PDT I have been in communication with a real estate agent in a part of texas thinking I will be moving to the area. Now that I am temporarily renting in the area I ended up not liking the area. I am thinking of moving to another area, using realtor.com I requested asking to see a house and I met with a real estate agent and they showed me a few places. However, I don't feel comfortable with this real estate agent. A friend of mine referred me to another agent. Can I work with this agent? I feel most comfortable with him, but I feel bad about the agent that showed me the house and the agent that I was originally chatting but hasn't shown me any houses. I feel bad that the Agent showed me a few houses went through all the trouble to do so and to just ditch him makes me feel like a d**k. This will be my biggest purchase of my life and prefer to do it with a trusted person. Do I have any obligation to the other agents? What is the best way to tell them I want to go with another person? [link] [comments]  |
| Posted: 30 Mar 2019 10:38 AM PDT Some backstory: I (37F) have been working toward homeownership for about a decade. Almost 10 years ago my then fiance and bought a home together. 2 months after moving in we broke up and I moved out. Everything was in his name. Then in 2011 I lost my job 2 weeks before closing on a house. I was devastated. I took a seasonal job went back to school yadda yadda yadda. Now I and my husband (29M) feel ready to buy a house. We make about 100k annually and have 3 kids (M15, F14, M4). Most decent homes (4 bedroom/2 bath) in my area are selling for 280k + and new constructions are about 300k+. I'm terrified of buying a house and then something happening down the line. I wake up at night thinking what if I get cancer? Or another illness. Or one of my kids get sick. What if my spouse or I lose our jobs. I have nothing saved for my children's college education. I keep thinking it's too late for me. I cant imagine having a 2k home bill until I'm 67. Any thoughts? Insight? Also we only have about 14k saved. Currently live in a decent 3 bedroom apartment paying $825 monthly. Gas/electric about $100 monthly. No credit cards but do have a car payment of $615 monthly (mistake I know). Phone bill $200 monthly. [link] [comments]  |
| Which college degree would you pursue to help with REI? Posted: 30 Mar 2019 07:19 PM PDT Background: Currently in the military and planning to move on after a 6 year contract. Don't want my GI Bill to go to waste so I plan to go back to college for the purpose of networking, learning, and obtain knowledge to help with my goals in real estate investing as that is my ultimate goal. Already have a bachelors degree in business administration and already have a career path after the military that I am content with, until I can go full time in REI. So my question for the real estate investors is....if you get get any college degree for free that will assist you in gaining more knowledge to succeed in REI, which major would you choose and why? [link] [comments]  |
| Lowering the listing price. How often is too often? Posted: 30 Mar 2019 07:10 PM PDT We put the house on the market 2 months ago. For our city and our price range this is clearly a buyer's market here. Have good online activity and have had approximately 10 showings. Excepting the scratched floors (recently we offered credit for replacement) people usually don't have other complains. They said they liked the house but they found something else. We starated at too high price and have lowered twice, last time 1-2 weeks ago. [link] [comments]  |
| Posted: 30 Mar 2019 04:40 AM PDT Hello. I recently ly bought my first house in September. Due to my uncertainty with my job at the time, I was in a rush to get all the financing cleared and wasn't able to shop around for a good rate. I also didn't have the best credit so I was right on the edge of approval. Since then, my credit has drastically increased and I'd like to get a more reasonable rate. Does anyone know of any banks that don't charge closing costs on refi or is it too soon to be considering that anyway? [link] [comments]  |
| Posted: 30 Mar 2019 06:02 PM PDT Planning to sell my zero-lot-line home this fall and am getting mixed opinions from realtors, so I am hoping to get some advice. The roof is continuous and shared between myself and the neighbor. 18-years-old, 3-tab-shingles, Upper Midwest, severe granule loss and several missing shingles that have been replaced over the years. No leaks that I can see, but could be leaking in the attic. The neighbors have no interest in replacing their side until it starts leaking on their heads. Nearby neighbors, in identical units, have begun replacing their roofs over the past couple of years. A home inspector said that it is showing signs of wear but "might have a couple of years left". He said if he was doing an inspection for a buyer he would recommend having a roofer come out to give a better report on it and said that if a bank appraiser saw the roof they might be hesitate to offer financing; he also mentioned that appraisers "rarely look at roofs around here". The roofers all think if should be replaced now (obviously). One real estate agent says replace it now, even if my half won't match with the neighbor's side (this isn't commonly seen where I live). The other agent says wait and either offer a credit at closing or replace the roof if and when the buyers/banks require it for the sale to close. My fear with replacing it now is that it will look stupid and might be a turn-off to buyers, since it won't match the neighbors' half. However, if we wait and get an offer in late fall, we might run out of good weather to replace the roof and then a sale would have to wait until next spring. Any opinions? Thanks in advance. [link] [comments]  |
| Tenants making showings difficult [Chicago] Posted: 30 Mar 2019 09:08 AM PDT We are trying to sell our condo, got it on the market late in July last year and probably at too high a price and it didn't sell. Rented it out as a short term lease instead of risking the late fall/winter market. Thankful that we were able to find tenants and they have been very low maintenance and per our agent/manager the place is in great condition. It's leased through 4/30. We had discussed with them before signing the lease that there was an almost 100% chance the lease was not going to be renewed and the house would go back on the market in probably late March/early April and they would have to be ok with showings at least for that last month if they wanted to rent it through 4/30. They agreed. The lease does state (per Chicago laws) that we can show the place anytime in the last 60 days of the lease if we give them 2 days notice and the showing is at a reasonable time. Our agent is always to be present at the showings. We decided to put the house back up now because the market was heating up and it went up this past week. We talked to them about a couple of weekend days for an open house and told them we'd give them notice as showing requests came through...... well apparently they just didn't know what a showing meant. The husband was very angry that people were going through all the rooms and opening closets and thought that people had stole his fruit. There has only been three showings so far, I'm confident no one stole any fruit as I just can't imagine anybody or my agent being that unprofessional. He is now demanding that showings only happen during the week from 11-noon or 4-5pm and that he's present at all of them. I think partly it's a cultural issue with the suspicion that his things are in danger and his privacy is being invaded and I'm really happy to work with them for something reasonable but this isn't reasonable at all. Our agent is recommending we just kill the listing now and wait until they move out. We've had requests for 3 more showings that we haven't been able to get approved with them. After not selling last year I don't want to miss out on a hot market and rather keep it on and make them honor the lease and law. Happy to give them 2 days notice, keep it at reasonable hours, make sure perspective buyers are always attended by the agent and that he make a note to respect privacy of the tenants (no opening drawers, etc) and even limit looking through some closets if that's really that big of a concern. It is the law that a tenant can be present so I'm even willing to accept that, even though it's not ideal. I get the danger of "forcing" this on them - saying tough, you signed the lease, we're giving notice and showing it regardless of your approval on the time - that they could trash the place or refuse to move or pay the last months rent...... I'd rather not get into a legal mess. The fact that they've been so laid back until this point makes me doubt it'd come to this.....I am also doubting the judgement of our agent (new to real estate, a friend) here and already was doubting his past decisions which led us to get to this point. What do you think - just wait till the place is vacant, clean, paint and then list in early May or likely force it on the tenants (and I guess get a new agent if he's not willing to do this)? Are there any laws here I'm missing that puts us in the wrong to do this? Thanks [link] [comments]  |
| Home Buyer Put Me Down as Emergency Contact? Posted: 30 Mar 2019 01:17 PM PDT I apologize if this isn't in the right subreddit. I sold my house almost two years ago to a family. Coincidentally, a friend of mine bought their townhouse 5+ years ago, and based on the type of sale/condition of the home, it sounded like they were not very responsible with their money. I haven't seen or spoken to them since closing. A few days ago I got a call from their bank (which I'm not part of), desperately trying to get into contact with them. I was told that I was listed as an emergency contact and close relative (I met them once). My question is, can this be done accidentally? I'm just very confused as to why my personal information is connected to their bank, which I am NOT comfortable with at all. I'm probably overreacting, but I want nothing to do with their issues. Anyway, I requested the bank to remove my information immediately. Thanks! [link] [comments]  |
| Do I have time for RealEstate? Posted: 30 Mar 2019 04:47 PM PDT So, some background on me. I live in S.C. and went through the entire Realtor pipeline about a year ago. I never got took the final exam to get my license, because I got cold feet because it wasn't appealing to me long term. I was 18 the time. One of my real estate mentors told me that if I don't want to do real estate full time then don't do it at all. I have a passion of writing and I am chasing that with everything I got. I am also finishing my first year of an Econ undergrad. Okay, now that I have said that and you have a slight understanding on my situation let me get into my question. I am someone who understands the need for putting you currency into assets for long term growth. So, should I still stay away from real estate investments and focus on stocks and index funds because they require less time. Or can I chase real estate investment part time? Remember time is something that I value greatly. I don't have a lot of extra time because of academia and trying to scratch together a measly writing career. I would enjoy real estate investing a helluv a lot more because it is tangible. And I also believe that it is more stable long term. Any honest feed back is valued. P.S. please excuse any errors. this is not an attempt at prose and is written on my phone. [link] [comments]  |
| Posted: 30 Mar 2019 04:34 PM PDT Hey guys so I fucked up by moving to a place with my friend where we can't afford. I paid a 3900$ deposit with a money order and my friend was supposed to pay the first month rent. We have a three month lease. The rent cost is 1900$ and my friend isn't able to pay for whatever reason. I know I messed up and shouldn't have done it and I learned from my lesson. There's still a chance my friend can pay it because his income is inconsistent at times. I was wondering if we do get evicted what's going to happen to my deposit? We're located in California. I've been incredibly stressed and crying everyday any help is appreciated. [link] [comments]  |
| Parent's House Broken Into After A Viewing, Realtor Not Answering Calls Posted: 30 Mar 2019 12:21 PM PDT Hey all, My parent's house has been on the market for a while. Not a lot of people look at it, because it's in a very remote area and is much more expensive than other options. Two days ago, they got a call while they were visiting my niece out of state that the house had been broken in to. The backdoor had been left unlocked, and the perps walked in. There had been a showing a few days earlier, and the police think that the people on the tour left the door unlocked on purpose to come back later and rob it. Joke's on them, because my parents don't live there anymore, so anything of value is at their new place. Obviously, my parents fired their realtor for neglecting to check the doors after the viewing (again, my parents weren't in the state, and he's the only other person with a key). Now the other realtor isn't answering the cop's phone calls or my parent's. He isn't giving up and information about the identities of the people he showed the house to. What exactly are their courses of action when it comes to the buyer's realtor? [link] [comments]  |
| Inherited real estate problem nh Posted: 30 Mar 2019 03:58 PM PDT New Hampshire My sibling and I inherited a small home and are having issues moving forward. At first I offered to buy them out but they thought the offer was too low. I'm not willing to go higher. Then I suggested they buy me out. They say they are not interested in keeping the property. So maybe the best solution is to sell to the highest bidder through a real estate agent. The problem though is that the property is in major disrepair. Also the property is in a floodplain so there are numerous restrictions on the property by the town. We did begin the process with a real estate agent but after they studied the comps and considered the condition they declined to represent us as the value would be too low. The agent said it would have to be a cash sale as the condition of the property would not allow a bank to underwrite a traditional loan. Additional info: There is no mortgage on this property. But we have been paying property taxes up to date. Question: Can I just walk away from this???? Would I be liable to sibling for non payment of property taxes? Would I be liable to the town for the back taxes beyond them just taking the house? I live in ma. Property is in nh. Cross posted in r/legaladvise [link] [comments]  |
| Posted: 30 Mar 2019 03:41 PM PDT We found a house that we are interested in buying and making an offer of $315k (listed at $325 but agent thinks we have a chance at $315k). They sent over the disclosure statement and it mentions that the roof was replaced in 2004. How much of a concern is this? I know a roof should be replaced every 20 to 25 years, so there is a chance that we may have to replace this one in the next 5 or so years. We haven't signed anything yet, so no inspection has been scheduled. Any suggestions, thoughts? [link] [comments]  |
| Realtor Commission Towards Closing Posted: 30 Mar 2019 03:27 PM PDT I recently secured a property under contract and just started escrow. When I first met with my realtor, I negotiated a 50/50 split on his commissions towards closing (2.5% is the sellers commission so I get 1.25% towards closing). I was able to negotiate this because we knew we wanted to put an offer in on one property so he didn't have to do much "initial" legwork on the search. My question - how does this logistically work? My lender said that he'll sign an addendum "allocating X thousand dollars towards closing" and coordinate this with the escrow team? Does he actually pay for some of the closing costs directly or do i pay and have them pay me back? I'm in a state that does allow this. [link] [comments]  |
| Posted: 30 Mar 2019 03:17 PM PDT Let me start off by saying I'm not sure if this is the right place to ask this - but could use some advice and figured this might be a great place to start. Due to an upcoming increase in income I'm starting to think about eventually buying some properties I've always dreamed of owning. The one that seems the most obscure (and harder to know where to start): I want to buy a piece of property on a trout stream (with mountains in view) in either Colorado or Wyoming. My plan is to stick one of the larger "sheds" from Home Depot on the property near the water and add solar and a well for water - and a bathroom with a septic tank if local regs allow it. After that just have the inside insulated/finished with propane appliances, build a deck, and call it a day. In order for me to get my wife to sign off on this I at least have to be willing to rent it out occasionally. However - I honestly could care less about making money on this. I just want to have it as a place to take my family and create memories. And...I'm having trouble even knowing where to get started. Obviously I need to find land first that matches my criteria that will allow me to do what I want on it. When I run a google search I get individual realtor pages with maybe 20 or so results. So I guess I'm wondering if there's a more efficient way to start my search. Sorry for being so long winded - just figured I should put everything out there (and want to make sure I do this correctly). Thanks for any/all info you can provide! [link] [comments]  |
| Posted: 30 Mar 2019 11:08 AM PDT I'm in a HOT market area - currently have an offer expected on a home, contingent upon inspection and extremely similar homes within blocks are popping up on my MLS for roughly $20k less than my accepted offer. Should I be stressing about this? Or let it go? [link] [comments]  |
| Should I pay down mortgage of primary residence to turn it into a cash flow positive rental? Posted: 30 Mar 2019 07:29 AM PDT I just had a wild idea last night and I want to hear what you guys think... My primary residence is a condo in Toronto that I purchased 2 years ago for $408k. For 7 months in 2018, my husband and I tried our hands at being landlords. Here's how our numbers broke down: - Rental income: $2150/mo (all inclusive) - Mortgage: 734.34 (biweekly) - Maintenance fees: 515.54/mo - Property tax: 200/mo - Utilities: 55/mo - Internet: 40/mo - Misc/repairs: 50/mo (this was actually 0 because we had dream tenants that never complained and kept everything clean) So unfortunately, we were cash flow negative. Thankfully, we moved into my parents place during this period so our personal rent was close to 0. It was also a great learning experience and gave us a taste of what its like to be landlords. To b honest, even though our tenants were amazing, I didn't like being landlords. My husband didn't care for it either so I think if we were to do it in the long run, we would ideally hire a property manager. We are planning to purchase a townhouse or house in the next 3-4 years that can afford us more space for our future children. The dilemma is whether we should keep the condo or sell it. Our current incomes recently jumped up because I got a new full time job at the beginning of the year that pays 100k. My husband brings in 80k. With 180k (the most we've ever earned), we're in a good position to purchase a townhouse. However, I've realized that I dislike my new job and I want to either go down to part time or quit and go back to my previous job (around 70k). The other factor is we are planning to get pregnant and I'm worried about when I go on mat leave, which could be as early as next year (my current employer does not top up EI) Now in terms of the market, I am hearing from the smart peoples of the internet that 1) house prices are going to plateau or go down 2) mortgage rates are going down 3) stock market prices are going down, and 4) we might go into a recession. Our original plan was to pay off our mortgage slowly and invest in index funds/etf's. But now with the uncertainty of the market and the question of how much I will be earning in the next few years (given the changes in job and maternity leave), I'm wondering if we should try to pay down our mortgage as fast as possible. I'm torn because I know that you should keep the mortgage as long as possible and invest in the stock market to get better returns. But it is also suggested that to prepare for potential recessions, you should pay down your debts (does that include mortgage?). I don't know if we are going into a recession or not but I don't have a high risk tolerance and generally like to lean on the side of caution. Ok so right now our mortgage is $283,000. We have a 5 year fixed loan at 2.54%. I believe we are allowed to pay an extra 60k/yr. There's 3 years left on our loan. (Please correct me if my math is wrong) So if we went all in and put in the 60k/yr for the next 3 years, that would be and extra $180k, bringing our mortgage down to 60-80k (i think?). If we were to do that, then we'd have a condo that we could potentially rent out and be cash flow positive, and then purchase another property using a HELOC as a downpayment. Also, if things turn for the worst and one or both of us lose our incomes, we could stay at the condo and just be a little squished (but at least not struggling financially). What are your thoughts? I feel like there's a lot I'm not considering and I'm torn about what to do. Also, I apologize that this post is so convoluted, but unfortunately that is what my thoughts are looking like right now. [link] [comments]  |
| What interest rate should we expect? Posted: 30 Mar 2019 01:10 PM PDT We are putting 20% down, conventional 30-year loan, excellent credit (me in high 700's, my spouse in 800s). [link] [comments]  |
| Condos being built nearby - influence on livability and property value Posted: 30 Mar 2019 12:09 PM PDT The empty lot across the road from my house is going to be turned into low rise condos. I'm worried about a few things - influence on property value (reduced due to reduced privacy?), influence on sellability before and during construction, and frustration of living through the noise/dust. Can anyone provide some first or second hand insight on what it's like from a personal and financial point of view to have substantial construction projects close by? [link] [comments]  |
| First time home buyer with questions. Posted: 30 Mar 2019 08:08 AM PDT Income: $110,000 Bonus: $15,000 from new job (in savings, have to work there a year or if I quit I pay it back) Monthly debt: $350 (student loans, credit card, car insurance) Credit scores: both approx 690ish Okay, now that we have some finances out of the way on to the questions. My spouse and I want to buy a house before our lease is up August 1st of this year. We're in Austin so nothing stays on the market long (not letting this cloud our judgement though). Right now we have 40k saved for a down payment, plus the 15k bonus we can use but slightly unsure if that's a good idea. The range we're looking at is 300k - 340k. Firstly, is this a bad idea with our current finances? We were pre-qualified for 460k. So next step is to get pre-approved. Any recommendations on where we should get pre-approved? And anything we as first time home buyers should be aware of? [link] [comments]  |
| You are subscribed to email updates from HomeOwners & Investors. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment