Has anyone sold to one of those "I buy houses" outfits? Real Estate |
- Has anyone sold to one of those "I buy houses" outfits?
- Is now a golden time take out a fixed-loan to buy a house in America (In a general sense)?
- Buying out of college
- If you had 1million USD to invest in real estate today what would you do? What will your short and long term investing strategies would look like? How do you get started?
- Where do you go for Real Estate News?
- Experienced US Real Estate Virtual Assistant
- I sold my house and closed on my new one
- Home I want to buy has renters
- Eminent domain as a profession.
- Buying a mobile home ??
- Do the names on a mortgage loan have to also be the same names on the title?
- Open house in a gated neighborhood?
- What questions should I ask/what should I look for when selecting a real estate agent?
- I'm young, pursuing my broker's license, and work for a CRE investment firm... in addition to my day job should I start my own brokerage shop solo (or with a few interns) or join a team on the side i?
- Can i ask a realtor for latest listings even though im not actively looking?
- How are mortgage brokers paid
- Trying to turn a 3 bedroom house into an open floor plan, can I reduce the walls in a bedroom to be half walls and it still be considered a bedroom?
- How is LTV is calculated for a HELOC? How much would I get on $100k equity on a $360 home?
- is buying a more expensive house the smart idea? (looking for advice)
- Open Houses only used to gain potential clients?
- Are advice posts allowed for new comers into Real Estate?
- [NYC] Move in before closing
- Mobile Home Vs. Renting apartment/condo
- Typically, how much of a difference is there, if any, between the price a home is purchased for, and the value the home is assessed at by the government?
| Has anyone sold to one of those "I buy houses" outfits? Posted: 02 Jan 2020 04:34 PM PST I am not sure what the specifics are, but I see a lot of signs that say things like "I buy ugly houses" or "I buy damaged houses." I would assume it's actually a corporation, but who knows. Anyone sell a house like this? Or maybe someone here is on the buying end? What's the story? [link] [comments]  |
| Is now a golden time take out a fixed-loan to buy a house in America (In a general sense)? Posted: 02 Jan 2020 09:23 PM PST With all the QE and low interest rates, the country seems primed to reach high inflation rates in the coming years. If you were to borrow money to buy a house with a fixed-interest rate loan, couldn't property be a great investment in the coming years? With the fixed variable interest rate, you wouldn't be subject to the likely rise in interest rates, and your debt would effectively become cheaper as your wage grows. Of course results would differ on a state by state or suburb by suburb basis, but lets just assume we're talking on a general basis over the whole of the US. I'm just asking out of curiosity since I just read a little about inflation and the affects it has on the economy. Although if wages don't keep up with inflation you'd probably be in a bit of trouble... Thoughts? [link] [comments]  |
| Posted: 02 Jan 2020 02:00 PM PST I am graduating this spring with $0 in debt. I have accepted a full-time job offer making $65k for a very large bank. I am looking to leverage this salary and lack of debt for a head start in life. I have a 750 credit score. Do you guys think it'd be difficult or unwise to purchase a home post graduation? I'd realistically be able to save up to 30k for a down payment. [link] [comments]  |
| Posted: 03 Jan 2020 02:45 AM PST |
| Where do you go for Real Estate News? Posted: 02 Jan 2020 02:19 PM PST Hello all, where do you all go for real estate news? things like 2020 forecast, city growth and more? I realize Zillow and trulia are sites but is there any other great "news websites" you suggest? [link] [comments]  |
| Experienced US Real Estate Virtual Assistant Posted: 03 Jan 2020 03:46 AM PST If you are looking for an Inside Sales Agent, Appointment Setter, Cold calling expert, Transaction Coordinator, General VA, Social Media Expert all-in-one for your Real Estate business, message me! Lets talk about how I can help you manage and make your business grow this New Year 2020! [link] [comments]  |
| I sold my house and closed on my new one Posted: 02 Jan 2020 06:47 AM PST This is the "stolen" original 1900s jeweled stained glass window saga. I deleted some previous posts about this but I think I left up the most recent if anyone missed it. BUT I FINALLY FUCKING CLOSED on New Years Eve. I've never felt so much relief. The stress of this entire ordeal (which goes beyond simply just selling and buying a house) has been SO heavy. Electric is getting turned on today. I'll need to make sure it's properly winterized and there's not already any damages because of course seller couldn't be bothered to do that. Renovations will begin soon and I'm hoping to be moved in by spring. New house, fresh start. I'm beyond excited. Thanks for sticking around and offering advice if you did. The house was worth all the stress and bullshit but I 100% don't want to ever do it again. Here's a pic pre stolen window. I've got a dream to limewash that brick (don't pitchfork me) and do all the trim in black and then gold leafing on the architectural accents on the facade. Can't wait to make it a home. TLDR of previous posts in this saga: House goes up for sale on my same street 1 block down. This is ideal because Me and my ex split up and share a kid, I want my kid around both of us equally and living in close proximity is ideal. Even more ideal to get a house with instant equity. I immediately put in an offer as nothing comes up for sale at this point (up and coming historic downtown neighborhood, professional soccer stadium going up, property values steadily rising). Got no response from sellers because they wanted cash offer. Saint of a neighbor buys home in all cash, then turns around and offers to sell to me. Of course I said yes. Then it became an absolute shit show very quickly. Neighbor/seller cleans out the house (great, because old sellers left it full of junk hoarder style almost). But neighbor guts the kitchen after being explicit about how it needs to stay for financing reasons. Also guts a bathroom while he's at it. A stained glass window was perfectly cut out and literally walked out of an unlocked door. Took a month just to provide me a purchase contract and gave me less than 12 hrs to review before it expired. Snuck in RFF language that wouldn't even allow me to get my money back if I sold, etc. I really thought I'd never make it to closing. [link] [comments]  |
| Home I want to buy has renters Posted: 03 Jan 2020 02:07 AM PST The home I am looking to buy currently has long term renters on a month to month lease. I plan on putting an offer in today, with plan to close in 3 weeks. My question is if I wanna move in the place after the close, will I be able to kick them out, or would they have 30 days from the day of closing to move out? If the latter is the case, I then would need to find housing for myself until they got out, which makes the price point more negotiable to me. [link] [comments]  |
| Eminent domain as a profession. Posted: 03 Jan 2020 01:29 AM PST Hi all, I'm from Australia and currently residing in the UK, my partner who is American will possibly take a role in CA this August/September and I will likely be following her dutifully. I have worked in Valuation/Surveying/Appraisal my entire career and in the last few years have specialised in Eminent Domain (called Compulsory Acquisition in Aus and Compulsory Purchase in the UK). My question, when in the US how do I return to this path. As you can imagine legal frameworks are varied in all jurisdictions and I will need to study and learn a lot, how do I best go about acquiring skills. Secondly a niggling concern is that from all the job listings I've seen for ED jobs seem to be for solicitors and lawyers, which leads me to believe that an appraisers role leans more towards real estate than it does law like in Aus and the UK is that case? Also apologies if this is a sub for home renovation, buying and selling etc. [link] [comments]  |
| Posted: 02 Jan 2020 09:31 AM PST There's this mobile home for sale near nyc in New Jersey for 38k. With a no money down payment or even 3% the mortgage would be around 250-350$ a month. I would be looking to buy it as a investment. A mobile home rent of that type according to what I could find is anywhere from 1400-1700$ . It's a 2 bed 1 bath . Also technically 30 min from nyc if the price for rent seems a little insane! Is this a good investment . I understand I would be paying "lot fees" I'm assuming that's what it's called . But even if it's 700-800 a month I'm still pulling in 400-500 a month in profit ? What's your thoughts on this ? Does it make sense ? Am I not thinking of something that comes with mobile homes in mobile home parks ? Please any insight would be helpful thank you ! [link] [comments]  |
| Do the names on a mortgage loan have to also be the same names on the title? Posted: 02 Jan 2020 08:19 PM PST |
| Open house in a gated neighborhood? Posted: 02 Jan 2020 01:20 PM PST Do I have to contact the agent before coming or should the security let me in automatically because of the open houses [link] [comments]  |
| What questions should I ask/what should I look for when selecting a real estate agent? Posted: 02 Jan 2020 11:46 PM PST I plan on starting to look to buy my first house soon and I want to speak with a few agents. What aspects should I look for in a good agent and what should I stay away from? What are some good questions I can ask? [link] [comments]  |
| Posted: 02 Jan 2020 10:45 PM PST I work 50 hours a week at a small commercial real estate investment firm. We're newer, well capitalized, but operate in SoCal where it's extremely competitive. We target properties in the $10-30MM size range, but we have pretty poor deal flow. I believe it's because everyone at my shop has come from the institutional background where every deal is shopped by the large CRE brokerage shops (CBRE, JLL, Eastdil, etc). In the "1031 Exchange" deal size, there's a lot more properties out there and we haven't developed the marketing pipeline to find any attractive investments that are off-market. Anyways, I also have personal ambitions to build capital to someday own my own portfolio. When I first started out a few years ago, I was driving for dollars, door knocking, making offers, and trying to flip homes in a cheap midwestern market. I got my hands dirty with direct mail marketing, cold calling, etc. all by myself in my free time away from work (i used to work as a lender). Now, I've settled down in SoCal and want to focus on obtaining my broker's license. I would do these two things with it:
Now to achieve the above, I believe I could do three of the following:
According to my employment agreement, I can hold outside jobs as long as I inform the bosses and it does not interfere with my work duties or create a conflict of interest. What do you think my best route would be? I'm willing to set aside some resources (e.g. $10-20k) to pay for all fees, licenses, software costs, etc. over the 2-3 years to make this happen. [link] [comments]  |
| Can i ask a realtor for latest listings even though im not actively looking? Posted: 02 Jan 2020 08:48 AM PST I want to keep an eye out even though i am not looking to buy immediately. I dont want to waste anyones time but want better data than zillow. [link] [comments]  |
| Posted: 02 Jan 2020 05:44 AM PST I'm in the process of picking a mortgage for a house I'm buying, and was curious whether brokers are incentivized to give you one loan over the other, by getting more kickbacks from a certain loan. Reason I ask is my broker is trying recommending a 10/1 arm at 3.25 over a conventional loan over 3.75. he says over the ten years I save 40k which I can put towards the principal or refinance with the savings. I'm skeptical that rates will be this low and everyone seems to say to avoid these so I'm leaning against it (though Reddit does strike me as very risk averse as a group). I do like the guy otherwise so I want to continue working with him, but I wanted to figure out if he's incentivized to work in my best interest or not. [link] [comments]  |
| Posted: 02 Jan 2020 08:20 PM PST Would love some help I read through Florida building code which requires a door, closet, window and at least 70 sqft (its 150 sqft) but says nothing about whether it needs a full wall. [link] [comments]  |
| How is LTV is calculated for a HELOC? How much would I get on $100k equity on a $360 home? Posted: 02 Jan 2020 08:07 PM PST What line of credit could somebody get with those numbers? [link] [comments]  |
| is buying a more expensive house the smart idea? (looking for advice) Posted: 02 Jan 2020 04:21 PM PST Hello, first time home buyer here looking for some advice. Currently I am E6 in the AF moving to the FT Meade area in about 2-3 months. Married with one kiddo not of school age and my wife isn't working atm. I expect to spend a long time there if not the rest of my life. I make 3750 in base pay + I'll have a housing allowance of 2600. Our monthly bills total up to around 900, less after we use the tax return to pay off some debts. Closer to 700 then. I'm approved for a 350k loan @ 1967 a month and 400k @ 2247 a month. VA home loan @ 3.5% no money for down payment Were torn between two houses. They are both about the same size but the differences are as follows: House 1, 385k: Comes with a 2 car garage, bigger yard, better schools and is closer to things. But I'm afraid it will get scooped up soon if we don't make an offer soon. House 2, 320k: No garage, smaller yard, good schools, owned solar panels. has been on the market for a bit now. My wife is flying out there with my dad to look at those two houses and about 4 others on monday. However I'm not sure if I should make an offer on house 1 right now because I'm afraid it'll get scooped up by someone else. But its 65k more for a 2 car garage, bigger yard and better schools. Or am I just experiencing FOMO? Thanks for taking a look at my post. [link] [comments]  |
| Open Houses only used to gain potential clients? Posted: 02 Jan 2020 12:06 PM PST Fairly new agent here, and in my real estate classes it was mentioned that open houses don't work as well as you think to sell the home. That they are mostly used for gaining new clients that sign in. What are your thoughts on that? Do you find open houses to be successful in selling the property? This statement was made by the instructor that founded the school. He is an old school agent, but also very successful. [link] [comments]  |
| Are advice posts allowed for new comers into Real Estate? Posted: 02 Jan 2020 07:18 PM PST As the title says, I'm a 21 year old and am starting my real estate class in just a few days, and in a little over 2 months I will be getting my license and I'm very excited. That being said, I'm wondering what is some advice you guys could give me for getting started in Real Estate? I thought about going to some open houses and asking the realtors there for advice in person but kind of feel that that may not be a very good thing to do because they're there to show a house and meet potential clients and not give advice to a kid on how to get his feet wet.. how would some of you felt if a newbie came to your open house and instead of being there for the house starting asking you to give them advice? Idk, I think I would be a little annoyed and so that's why I'm not pursuing that at the moment.. Would it be wise to contact listing agents and ask them for advice that way? Again, I feel they would be annoyed because they're hoping to meet potential clients and if they see an email asking for advice then they'll probably ignore it. I figured posting here may be a good thing to do as it's a lot easier to get replies almost instantly and start up a conversation with quick replies, and hopefully posts like these are allowed, I'm really excited to get my career started, and I figure if I can learn from others mistakes now then I won't make those and will get a little bit of a head start in my career. Thanks in advance, and if these posts aren't allowed then mods feel free to delete it! [link] [comments]  |
| Posted: 02 Jan 2020 07:17 PM PST Hi more knowledge folks! I am in the process of closing on a new development condo in NYC. Bank has approved our mortgage, we don't expect any surprises from our end. The building is brand new, and just got its CO. According to the agent, the only thing holding it up is waiting on the city to approve the tax lot sub division. Our lease is up at end of Jan, and we can't extend on a month to month base, because of stupid co-op rules. (So glad we are buying a none co-op) Agent is projecting mid Feb or March for closing. Question: Is it a thing to move in to our unit before closing? Or even maybe rent the unit we are buying from the sponsor until whenever the closing date is? Paying ~3K to move furnitures in and out of storage unit for such short period of time is super unappealing to us. What are some other options ? [link] [comments]  |
| Mobile Home Vs. Renting apartment/condo Posted: 02 Jan 2020 11:58 AM PST Hi! So I am looking into possibly buying a mobile home on a leased land park. The original plan was to buy a condo, but I'm not sure we are ready for the 30 year commitment/mortgage. We currently only have about $45k saved up. My annual salary is at $100k but I will be leaving this job within the next two months and taking another job where I will only be making $45k so that I can go back to school. My wife will continue to make $60k. What we are now thinking of doing is buying a $50-80k 2-3 bedroom/bathroom mobile home on a lease land lot. Most lots in the area go for about $800-1200 per month so we would be looking at $1,200-1,800 total per month. Renting a one bedroom apartment in the area goes for about $1,700-2,100. That's about the same price tag for a one bedroom condo mortgage. Would it be smarter for us to do the mobile home plan, save up some money, and then sell it (even if it is at a loss)? I know that renting leaves you with nothing to show for it, so I'm leaning toward at least getting some money in return by selling it once we are ready to buy a condo or house. [link] [comments]  |
| Posted: 02 Jan 2020 05:21 PM PST I live in Vancouver, Canada. I honestly don't know if this is the case in other countries as well, but here the provincial government sends everybody an assessment of how much their home is worth every year. I purchased my first home in early 2019 for $515,000, but it was listed at $528,000 and we got them down to $515,000 from that. I just received my first annual assessment. It says that in 2019 my home was worth $499,000. I feel like I obviously fucked up. Did I? That means I spent $16,000 more than I should have. Or is it normal for the final sale price of a property to be a bit more than what the government assesses the value at? The value has gone down more for 2020, but I don't want to get into that. Properties have gone down in value everywhere here. [link] [comments]  |
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