Property management company cannot identify who approved $2,500 in plumbing work. Real Estate |
- Property management company cannot identify who approved $2,500 in plumbing work.
- what if I owe more on my house than what I sell it for?
- Offer same day listed, expires in morning, what to do?
- Borrowing against my mom’s house
- I found the perfect home but theres one problem.
- Foundation wall, wall, floor, ceiling structure skipped during inspection due to insulation?
- How are leasing agents usually paid?
- I need a referral agent familiar with NACA
- Need some help!!!
- Suggest timing to close on purchase of a new home when combining households (timing the end of a 12 month lease and selling a condo)
- What % deposit for cash offer?
- Looking for guidance on selling Mom's house
- Looking for lender recommendations.
- How to spend $90K?
- Getting out of a selling agreement
- Buyer Agency Agreement - advantages for learning about listed and unlisted properties
- Parents real estate
- I lied to my applicant
- Buy a first home with previously repaired foundation issues?
- Is this coop listing overpriced like I think?
- Loan Products for 2nd-Time Buyers with Small Down Payment?
- Wells Fargo Jumbo loan no PMI
- Considering my first multi-family property. Would love to see other's perspective on the scenario I have been presented.
| Property management company cannot identify who approved $2,500 in plumbing work. Posted: 07 Jan 2020 09:13 PM PST As the title states, I own a rental property, and it had $3200 in plumbing work done, - I only approved the $700 work from company A six months ago. Plumbing work (request, quote, work, bill) by plumbers A was finished and closed in a week. But then 6 months later, I did not get paid by the management company. Management company now can't identify who approved the plumbing work by plumbing company B which occured 3 months after plumbing company A. The tennant said the B plumbers just 'showed up' and started working and replaced a bunch of PVC. B Plumbing company then sent the $2,500 bill to the management company, management company is now withholding rent payment (to me) until the bill is resolved (2.5 months rent). I was never informed that the B work was approved, requested, estimated, in process, completed, nor ever given a bill, and didnt know I wasn't going to get $2500 in rent pay until it simply stopped showing up and I reached out to them. Is this normal? It doesnt sound like it is. [link] [comments]  |
| what if I owe more on my house than what I sell it for? Posted: 07 Jan 2020 11:48 AM PST We owe $400k on the house and the estimated value is $415k. Even if we sold the house for 415k, we would still be down $20k due to all the fees (realtor, title, etc). How do we pay this if we don't have it? Can you use credit or get loans? Ps I know it's a shitty situation as prices have gone down in the area since we purchased and we no long make the amount of money we used to and therefore have little to no savings. [link] [comments]  |
| Offer same day listed, expires in morning, what to do? Posted: 07 Jan 2020 04:10 PM PST My listing went up today and there was interest before it even went up. Realtor just called with an offer, slightly above asking that expires tomorrow early in the morning. Cash buyer, so no issues with lenders balking at my "as is" house. Any insights or advice? I'm wary of the pressure tactic, plus I'm now wondering if my realtor and I undervalued my house. Then again, maybe this is all just fine. What do y'all think? [link] [comments]  |
| Borrowing against my mom’s house Posted: 08 Jan 2020 04:29 AM PST Hi there, I've heard of home equity loans but I'm wondering if you're able to pull loans out on behalf of a family member in order to purchase another property. My wife and I are currently looking into buying our first home. My mom naturally wants to help and her home is paid off (worth roughly around 1m). We're wondering if there are any ways she can pull out a loan on our behalf and help us put down a bigger down payment. [link] [comments]  |
| I found the perfect home but theres one problem. Posted: 08 Jan 2020 04:24 AM PST Hello I recently found an amazing home and I was about to talk to my real estate agent to put an offer in. HOWEVER, I just found out that there's a huge scandal with the school district. https://www.wesa.fm/post/penn-hills-school-district-172-million-debt-according-grand-jury-report#stream/0 So this worries us because of so many reasons. Should this be a deal breaker for us and move on from the house we found? Were first time home buyers so were trying to protect our investment the best we can. [link] [comments]  |
| Foundation wall, wall, floor, ceiling structure skipped during inspection due to insulation? Posted: 07 Jan 2020 08:54 PM PST First home buyers and were pretty new in all of this. Our agent is pushing me to make a decision on this house after the inspection was done yesterday and I noticed a couple of things that look pretty important were skipped in the report because of insulation. Are these sections usually insulated and of no way to check the structure? We're talking about:
They all had the same reason for no inspection, which is that they were not visible and had insulation or a drywall blocking it. Also, the report does not have anything about the foundation, only crawlspace and attic. Are they the same thing? Please help!! [link] [comments]  |
| How are leasing agents usually paid? Posted: 07 Jan 2020 11:49 PM PST I know that realtors that do listings usually charge like 10% of months rent, but what about leasing agents for a company like greystar? Are they fully salaried or commission too? [link] [comments]  |
| I need a referral agent familiar with NACA Posted: 07 Jan 2020 03:56 PM PST I'm a Realtor in CA. I've got a client in Albany, NY who wants to work with a local agent familiar with the NACA program. Shoot me a PM with your qualifications and contact info. Referral to be handed off within the next 24 hours. [link] [comments]  |
| Posted: 07 Jan 2020 09:39 PM PST So, I am going through tough situation here. Rental company has not provided me with an answer whether or not they are going to approve me for a lease. They said they had a city inspection for apartment which I am going to rent and failed an inspection for some electric plug problem. So, now I told em I want you sign me a lease no matter what. I will not move in until inspection is done and approved by city since it is just a small thing. Can they sign a lease before city inspection or not? Or Can they sign a lease with clause that says city inspection must be done in order to move in? I am in Illinois. [link] [comments]  |
| Posted: 07 Jan 2020 09:36 PM PST Me and my wife are combining households. The lease on her rental is up at the end of March. My beloved bachelor pad has been on the market for sometime and is in the process of going under contract with a close of March 1. Now comes the rush to find a house, but my question is with all these other variables what would be my ideal close date on our potential new home? Feb 28? So I can move everything out of my current bachelor pad into the new home before the March 1 close date? Would my place typically have to be moved out of before final walk through? Would I want to have the close date of our new home post the March 1 date, so I'm not stuck with the buyer falling through and holding two mortgages? This is the first time I've sold a home, so pardon the ignorance. I'm already fully underwritten through my mortgage broker and am told I would be able to close in as soon as 2 weeks. [link] [comments]  |
| What % deposit for cash offer? Posted: 07 Jan 2020 05:30 PM PST 1-2% seems normal if the buyer is using financing, but I keep seeing different numbers if it it's a cash offer. I keep seeing that it should be much more, like 12%. Is it uncommon/a red flag if a cash buyer offers a 1 or 2% deposit? [link] [comments]  |
| Looking for guidance on selling Mom's house Posted: 07 Jan 2020 02:13 PM PST I'm sure this is a familiar story. Mom lived there 50+ years, now in assisted living. House is decent outside, newer roof, windows, HVAC, flatwork, but a wreck inside. Needs to be completely gutted. House in a decent suburb of Detroit with good schools and law enforcement, but is located close to the border with Detroit if that matters. We will have the house completely empty and are not in any particular rush to sell, but there's no appetite in the family to make any repairs. Just looking for some perspective on maybe going straight to a wholesaler vs paying an agent? Thanks! [link] [comments]  |
| Looking for lender recommendations. Posted: 07 Jan 2020 08:08 PM PST Hi, I am in Seattle and hoping to find a lender to refi my three, single-family, rental properties and pull some cash out. Most lenders dramatically increase (100bps+) borrowing rates for a 30 year fixes if a loan is not for an owner occupied property. Does anyone know a lender that keeps their rental mortgage rates closer to owner occupied? I realize they will be higher, just not that much. Thanks for any help! [link] [comments]  |
| Posted: 07 Jan 2020 07:59 PM PST Hi all! I'm 23 years old and looking to buy my first piece of real estate. I make $80K per year and currently have no other debts with about $90k to spend. Here's what I was thinking, looking for some advice from the pros! 1) buy a condo and live in it myself 2) buy a two unit Multifamily property (live in one unit and rent out the others, or just rent out both) 3) buy a single family home to rent out By default I would normally go with option 1 but due to the lack of supply and condo prices in Chicago I am hesitant to do so. Looking for some advice! [link] [comments]  |
| Getting out of a selling agreement Posted: 07 Jan 2020 07:52 PM PST My house was listed for sale buy a real estate agent. This is the first house I'm selling. Noticed the contract has an expiration date.if it expires and I choose not to renew can I be sued and forced to pay any fees or would-be commission that the agent would've gotten. If the house sold? [link] [comments]  |
| Buyer Agency Agreement - advantages for learning about listed and unlisted properties Posted: 07 Jan 2020 03:53 PM PST I have a question about the advantages of entering a Buyer Agency Agreement and how to choose an agent for optimal advantage in the market. I understand the main reasons for signing the agreement, but one factor that I think is potentially the most important for me (entering a hot seller's market) is the exposure to new listings before they are posted to the market. If I want to maximize my pre-MLS exposure, would it be better to sign an agreement with a large firm, who might have more exposure to new listings? I have been in contact with a realtor from a small firm (she is the firm owner and only agent) as well as a large national firm (many agents). If I sign with the smaller firm, it seems that the only pre-market listings I would be offered would be ones that her firm has been contacted to sell, which, because it's a smaller firm, seems like there would be less selection for pre-market listings. A follow-up: if she has access to these pre-market listings because she was contacted to sell them, then for all of these options, I would be working with her as a dual agent -- should this be avoided at all costs? Trying to get a feel for the process here before entering an agreement that will offer the most benefits for exposure to pre-market listings. tldr: Would signing a buyer agency agreement with a larger real estate firm lead to more exposure to pre-listed properties? Any insight would be appreciated. Thank you. [link] [comments]  |
| Posted: 07 Jan 2020 07:22 PM PST Hello, My parents own three houses that are paid off and have been wanting to transfer them over to my name. They are on work permits and are scared that if they ever lose the permits they would be stuck in a rut with the properties. What is the easiest way to transfer titles of the properties to my name without having to worry about paying taxes on them or anything else that may cause us to have to pay money other than the price of transfer. Also what would be the best way to protect the assets as I also own three of my own properties (still being paid off)? Any help is appreciated. [link] [comments]  |
| Posted: 07 Jan 2020 03:17 PM PST Hi all, Please go easy on me with the comments. The situation is: I had a lady move into a flat on the 14th of Dec ( I work for an agency). She did a video viewing with me as she was outside the UK at the time and on the video I say ' There is no one living above you, as I haven't seen anyone, I believe'. I know it is not the best sentence but English is not my first language. She sent me an email saying that I've lied to her with regards to the tenant above. I do feel like I am at fault to a certain extend as I did not form it in the correct manner, however it was clear that there was an upstairs apartment for rent and she would have had someone in anyways at some point. I will obviously apologise to her but do you have any other advice. The lady is really nice and I truly don't want her to be upset. She is wanting some repairs but as we do not manage the property she needs to speak directly to the landlady. Can I be held liable because of what I've said? [link] [comments]  |
| Buy a first home with previously repaired foundation issues? Posted: 07 Jan 2020 09:38 AM PST I'm considering a home, but it's had previous foundation issues. They had steel pliers installed in 2001. The pliers have a lifetime warranty, transferable, and the company is still in business. I like the rest of the property, location, etc, but the seller also noted Y on settling and soil shifting in the seller disclosure. This property is in Carrollton, TX. Would you consider moving ahead with the offer? This will be my first home. I like everything, but I'm worried that the foundation issues would hurt my resell in the future if I need to move. [link] [comments]  |
| Is this coop listing overpriced like I think? Posted: 07 Jan 2020 06:00 PM PST Hey all.. so I saw a place a few days ago that I actually really liked but the price seems high to me. I did a CMA and saw that in the last 6 months other coops similar to this one sold for 245k - 255k.. now this is where the kicker is. The coop is a 2 floor community meaning 1st floor apt and 2nd fl apt. All the ones that sold were ground level facing a street or towards another home, relatively quiet.. this one is directly in front of a bus stop AND its sitting on top of a garage. You look out the living room window and you see the stop and everyone waiting and of course you hear the bus all day/night long. The bedroom sits on top of a manual garage that doesn't belong to them. This is one of very few that sit on top of a garage as opposed to being ground level. In my opinion, these two points are enough to justify an overpriced label. Also, the home was purchased by the owner in December 2014 for 150k, I have never seen a coop raise in value 110k in just 5 years. I'd love to hear what you would suggest a buyer to offer on this place. I was thinking somewhere around 225k - 235k. I'm not sure if i'm allowed to post the address of the property but maybe I can post the MLS # 3167352. [link] [comments]  |
| Loan Products for 2nd-Time Buyers with Small Down Payment? Posted: 07 Jan 2020 11:42 AM PST Hey, there! I posted earlier about purchasing a different home to accommodate a medical need. As listing our house gets closer and closer, I'm wondering if anyone can recommend any loan products for someone with a low down payment (3.5%-ish) for home purchase. We qualified for a 3.5%-down, conventional loan when we were first-time home buyers (not FHA), but as we understand it, that product is not applicable to second-time purchasers. So, if you know of any mortgage companies offering good interest rates and a similar loan product, please share your knowledge. We have good credit. Editing to add: Do you think we may qualify for a partial reduction in capital gains tax? We're moving to accommodate a disability (although I am NOT disabled, per the government), but we also have learned we will likely need to move halfway cross country for my husband's job. We have only lived in this house for a year and 7 months. [link] [comments]  |
| Posted: 07 Jan 2020 10:07 AM PST |
| Posted: 07 Jan 2020 09:52 AM PST Hello all, I would like to purchase my first multi-family property. For context, I currently own a single-family residential property in Philadelphia that is cashflow positive in a rapidly gentrifying area (purchase for 200k five years ago, currently appraised at 340k). I came across a corner 2 unit property in a fully gentrified neighborhood (Fishtown for those who are familiar) that is listed for 284k. The first-floor unit is a two-bedroom with renters currently paying $930 a month... the top unit is a 1 bedroom renting for $650. Property taxes are $2,700. This property is one block away from the most popular bars, restaurants in the area and subway. The property could definitely use updates (cosmetic) and I believe they would be marketable to new tenants at $1,400 for the 2 bedroom and $1,000 for the one-bedroom. I have 50k liquid at the moment and have a high-salary job (135k base) and a few side clients that add another 3k to my monthly income so I can pay out of pocket for many updates. Does this sound like a reasonable investment? [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