Accuracy of Redfin and Zillow monthly cost? Real Estate |
- Accuracy of Redfin and Zillow monthly cost?
- To all owners of 20+ properties: How do you monitor your portfolio?
- Refinancing Commercial Property Occupied by Auto Body Shop - Help!
- Trying to buy my grandparents' house [GA]
- Would BRRRR still work if I have to live in the home for a year thanks to an FHA loan?
- Low balling an offer.. Is there a limit? [MI]
- I am using an agent that works for a grant organization.I found a place that would be really great.However the agent said she submitted an offer online on Monday & I called today to ask and they said no offers have been made. i am worried she wil give it to someone else
- What to consider and look at with first house flip?
- Sellers took an extra month to provide clear title, is it normal to ask them to pay for my mortgage lock extension [MA]
- Refinance more than what I currently owe?
- Want to buy my first home but credit is high 600s
- Buying NJ Condo from Hubzu
- Cody Sperber?
- Need advice as a first time buyer
- [NC] I want to buy a house on a largish lot, then build and inhabit a separate residence there while renting out the original. Is this legal? What hurdles are in my way, and how should I proceed?
- Wall beams
- Using VA Loan Prior To Leaving Service [Alabama]
- Asking Mortgage Broker to Find Specific Lender
- Selling my first house. Need some advice
- How To Keep Track of Viewed Real Estate
- Looking to buy my first Rental Property
- 17 Trying to become a Realtor
- HELOC LTV Issue
- Should I Build A Duplex?
| Accuracy of Redfin and Zillow monthly cost? Posted: 04 Jan 2020 09:38 PM PST Hi everyone. I'm currently looking for a place to live and have been looking through Redfin and Zillow. I'm mostly concerned about what my monthly will be with mortgage + HOA dues + property tax and all the other misc items. How accurate are these websites and apps with their monthly calculation? This is my first time looking for a place to live, and its a bit daunting to say the least. [link] [comments]  |
| To all owners of 20+ properties: How do you monitor your portfolio? Posted: 04 Jan 2020 07:28 AM PST I am curious if owners found some good programs, tricks or apps for monitoring portfolio's exceeding 20 properties. I would be happy to discover a program where all sorts of things can be administered: - property characteristics (location, date of acquisition, acquisition price, m2 size) - uploading documents - occupancy - historical record of income (perhaps real-time updated) or customizable profit loss statements per property - historical record of renovations - reserve built up - important to my business: slicing up property ownership among multiple investors, and to have the 'per investor' totals of multiple properties added up somewhere. Very curious to see what's out there. [link] [comments]  |
| Refinancing Commercial Property Occupied by Auto Body Shop - Help! Posted: 04 Jan 2020 09:03 PM PST Hey everyone, Not sure if this is the correct place for my question, but here it goes : I've historically been an all cash buyer for all of my small and medium sized acquisitions, but as the rate at which I am acquiring properties is increasing, I'm looking to cash-out refi a good chunk of the small/medium portfolio, which includes a commercial property that is being rented to an auto body shop. When I was shopping around, one of the brokers told me that banks do not like lending to auto-use, therefore I can expect a lower LTV and higher Interest Rate. The thinking, apparently, is due to the environmental concern. This makes no sense to me since it's a NNN lease and both the tenant and I carry insurance to cover any issue that would arise. Anyone have any experience or insight into this or any recommendations for good lenders on something like this? Thanks. [link] [comments]  |
| Trying to buy my grandparents' house [GA] Posted: 04 Jan 2020 11:08 PM PST My grandfather passed away in September and now my grandma has listed their home for sale. What she pays for the mortgage is cheaper than what I pay in rent each month. I want to buy the house from her but I don't qualify for a mortgage. She's agreed to let me just take over the payments on the mortgage but I'm concerned that she won't live long enough for me to finish paying it off and her to transfer ownership to me. I'm wondering if there's a way we can do this that transfers ownership while the mortgage is still going. Can a will do this? Could we maybe refinance with me as a cosigner? [link] [comments]  |
| Would BRRRR still work if I have to live in the home for a year thanks to an FHA loan? Posted: 04 Jan 2020 09:25 PM PST So basically I know the refinance/repeat part of BRRRR is very important in making money. But does BRRRR still work if I'm going to live in the home for a year and rent out the spare rooms? Essentially house-hacking while BRRRRing. What if I choose to live there for the foreseeable future. Will it still work? Sorry if this is a stupidass question. I'm just starting to explore the real estate investment world and trying to learn as much as possible while I get the money saved for a down payment. [link] [comments]  |
| Low balling an offer.. Is there a limit? [MI] Posted: 04 Jan 2020 09:55 PM PST So we bought our first home in cash. 50k..[it had been sitting 8 months, listed at 115k]... Listing tomorrow and realistically expecting 130k back. Long story short.. we thought this would be our forever home... we do everything by cash and [unfortunately] never gave credit a thought... Now we are unexpectedly having to move... To an area where the market is not doing so well. It's basically in BFE..... The home we want has been sitting for over a year at 170k... Is there any harm in a low ball offer(130)? We only felt comfortable with our first purchase because there was a crime committed in the home and we talked to the previous owners personally.. Anyway! Thoughts? [link] [comments]  |
| Posted: 04 Jan 2020 10:55 AM PST The place is a low maintenance at a really great price and very nice. [link] [comments]  |
| What to consider and look at with first house flip? Posted: 04 Jan 2020 01:00 PM PST |
| Posted: 04 Jan 2020 04:29 PM PST Close was scheduled for Dec 11, but title clearance required probate documents from previous title transfer in the 70s. This took weeks to obtain given the holiday. I still want the house (90%) but have learned how much upgrades are going to cost me (fuse box, asbestos covered furnace from the 60s) so I am getting cheaper. I know it only matters if I am ready to walk away, but do people think its reasonable to hit them with the 1300$ bill for extension? [link] [comments]  |
| Refinance more than what I currently owe? Posted: 04 Jan 2020 07:34 PM PST So I'm currently financing my Owner Occupied home valued at $425,000 by the county. My scheduled balance is $301,000 at 3.51 variable percent. My current balance is $296,000. At this point I'm going to refinance at 2.99% fixed for 3 years. 2 questions 1) Y or N: Can I borrow 5k more than what I owe. Reason being is my daughter and I currently live in Australia, but we're orignally from the U.S. I'd like to pay for a trip for her to see my side of the family and see the U.S. before it's blowed up by Iran. 2) True or False: A fixed rate mortgage will shield me from interest rates rising from a recession. At this point I think a global recession is imminent and I'd like to be financially prepared and be succumbed by something similar in 2008. Cheers [link] [comments]  |
| Want to buy my first home but credit is high 600s Posted: 04 Jan 2020 11:39 AM PST I had a dispute with a medical charge that I did not move quickly enough to resolve with my insurance company. The charge ended up going to collections and dropping my credit score. I want to buy a house sometime in the spring. Will I not get approved for a mortgage? I have my down payment fund ready and am extremely fortunate to have relatively high income and high liquid and investment assets for my age. [link] [comments]  |
| Posted: 04 Jan 2020 01:22 PM PST I am interested in a condo that is ROE and has occupancy. The bidding ends after 5 days. Lien, condition of property would be a concern. Am i missing something, [link] [comments]  |
| Posted: 04 Jan 2020 04:46 PM PST As the title states, has anyone heard of him, used his methods for whole sale (being a 3rd party in the transaction) or used his program? He seems legit and seems to have great reviews and is actually active in the community. Thanks! [link] [comments]  |
| Need advice as a first time buyer Posted: 04 Jan 2020 12:51 PM PST My husband and I would like to buy a house. We've been renting forever and want to take the next step but it feels impossible. A little background: We both have stable careers. My husband is a manufacturing supervisor for a very large company. He works full time. I'm an RN and work part time. We have two kids. We both have excellent credit. I have one credit card that I'm working to pay down and we both have student loans. Those are our only debts. We currently have saved 14,000. With more savings and my husband's bonus this year we could be up to around 22,000 by the summer when our lease is up. We live in a very popular city. Looking for a house around 350,000-390,000. That's below the average for a house in our area but doable. So my question here: Is this possible? Obviously we won't have 20%. I'm aware we'll be paying PMI. We have no help from family. My husband does have somewhere around 30K in company stocks we could utilize part of but I'm not sure if that's a good idea. We both hate renting. I mean totally done with it. We don't want to keep paying someone else's mortgage any longer. It's really hard to see what people actually need financially to get into a house. Are we way off base? Close? What do you think? Thank you!! [link] [comments]  |
| Posted: 04 Jan 2020 04:22 PM PST For anyone about to advise me that this is a terrible investment, it's not intended as one. My preferences make it not feasible to find an existing house I like, and this is a potential alternative to buying land and building a unique house that doesn't appraise well. With that said, please do point out any other legal or monetary pitfalls I may not be considering. [link] [comments]  |
| Posted: 04 Jan 2020 03:41 PM PST Just wondering if anyone has any advice on buying a home with Ibeams on the one wall. The wall isn't bowing and we're told it was installed when there was a slight crack in the wall as a precautionary. My concern is we're paying a lot of money for this home and I know nothing about them. I read up and see mixed reviews, out inspector said the walls looks fine but was also just painted. It seems as if it was due to water but am not sure what to think. I have asked the buyer to call an engineer and have this looked at and see if it looks safe but any other advice anyone can offer? Maybe you've dealt with this before or currently have this , I'm afraid that come time to sell this may hurt us and moreso afraid this is not a permanent fix but have no experience with this sort of thing. Any advice would be helpful. [link] [comments]  |
| Using VA Loan Prior To Leaving Service [Alabama] Posted: 04 Jan 2020 02:00 PM PST I'll keep it short and sweet. Wife is military. She is not re-enlisting. Her last day of service is 12/31/2020. We want to purchase a house for when we leave this duty station. I am worried that we won't be able to get approved due to her not having a job lined up yet in the civilian world, and in my opinion it's a little too early to expect someone to offer her a position a year out. Have any of you buyers / agents been through this scenario before? This is our first time buying so we're not subject matter experts by any means. Any advice would be helpful. Thanks! [link] [comments]  |
| Asking Mortgage Broker to Find Specific Lender Posted: 04 Jan 2020 01:59 PM PST I am working with a mortgage broker for a new home I am purchasing, and I have been looking at Wells Fargo as a bank, primarily due to their well-reviewed online servicing experience, as well as their ability to split payments biweekly, and even weekly. If the rates are all competitive, could I nudge my broker to give more weight to WF as a final servicer? [link] [comments]  |
| Selling my first house. Need some advice Posted: 04 Jan 2020 01:45 PM PST Selling my first house so I'm a little unsure of what's normal. We are now 9 days outside of the due diligence period and I just received a request from the buyer to adjust the price with a list of things they are going to have to do. All but one thing was either knowable during walkthrough or just an improvement that I as the seller shouldn't be paying any money for. So here is my problem, I don't want to blow the sale because we are now 10 days from close but the request seems unreasonable at this point. They entered into a contract to buy the house as is and now outside of the due diligence period they want a price adjustment. Any thoughts from anybody in this situation? How locked in is the deal at this point? Contract seems pretty standard in that we have the closing defined and the due diligence defined as ending December 27th. [link] [comments]  |
| How To Keep Track of Viewed Real Estate Posted: 04 Jan 2020 12:45 PM PST Hi all, I'm a real estate investor based in the UK. I was just curious as to how you keep track of the real estate that you have viewed. Is there an easy way to store information about each property. I.E images, number of bedrooms, bathrooms, work that needs doing etc.. Do you guys have software or anything that you use? I use HubSpot CRM for other things and Evernote for general notes but I haven't found them to be that useful. Ideally, I need a form that I can fill in as I view the property. Like the number of bedrooms: 1, 2, 3.. and I can just easily select the correct option and upload the images. Thanks In Advance. [link] [comments]  |
| Looking to buy my first Rental Property Posted: 04 Jan 2020 12:45 PM PST Need advice. Like what should I look for and those who have rental properties is it worth it? [link] [comments]  |
| Posted: 04 Jan 2020 12:19 PM PST I have seen that a lot of people have had a lot of success in the real estate industry and I was wondering what i could do right now to do that could help me start to get into the industry. [link] [comments]  |
| Posted: 04 Jan 2020 11:25 AM PST We purchased our first home about 6 months ago and did significant work since (full bath remodel, half bath remodel, new roof, new/ expanded driveway, new front door, new sliding glass door, and a few small repairs). We also got a HELOC after the purchase at about 85% LTV. Both the purchase price and appraisal were $315,000. The existing HELOC is $29,000 and the first mortgage was for $243,000. We wanted to cash out and get a better rate on the line since we're paying a higher rate due to the LTV/ LTC being at 85%. Our bank told us that until we've owned the property for a full year year, no matter the repairs or condition of the property, lending would be based on the lower of cost or appraised value. Is this an industry standard or would we be able to refi somewhere else based on the new value? Or are we stuck with the existing HELOC until it's been a full year? I tried searching but this is such a specific question I have been unable to find a clear answer. [link] [comments]  |
| Posted: 04 Jan 2020 10:33 AM PST I've been looking into many ways to invest my money recently, I already have a couple of rental properties on my own but I want to experiment in the business of duplexes. The cost of building a duplex in my area would be around $300,000 (higher-end development) including the lot. I'd like to rent for maybe $800-$900 per month per unit (units would be 2 bed 2 bath), but would it make financial sense to do so in the long run? For starters, I'm a little younger (15 y.o.) and I'd like to have it paid off by the time I'm 25-30... Please give me any insight or opinions, you may have. [link] [comments]  |
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