Thoughts on becoming a notary signing agent? Seems almost too good to be true.. dun dun dun Real Estate |
- Thoughts on becoming a notary signing agent? Seems almost too good to be true.. dun dun dun
- 22 years old student from a poor family who try to reach Financial Independence.
- ROI rain garden installation
- Random "Investor" called up my mom to sell her house?
- Need to sell plots of land fast
- How long before renting on a conventionally financed condo?
- Parking entry legal?
- First time buyer - What’s a reasonable DTI for first house with my current financial situation?
- My First sale... could be a condo
- VA Specialized Realtor
- Walking away from deal after seller delays? Getting deposit back?
- Nextdoor usage by real estate agents.
- Is there a way to search houses by exact square footage?
- Is it possible to get a no down USDA loan with a 30k income? What are the steps?
- How structure deal with sibling
- Best way to get pre approved or a loan?
- I have a meeting with a CPA (with real estate experience) to advise me on the taxes portion of real estate investment (I'm not yet invested in real estate)--what info and questions should I prepare for this consultation? [IL]
- Keller mortage vs Usaa
- (US) First-time buyer with some questions
- Concessions after the home inspection - AC working fine but heater isn't working?
- Delay in closing due to HOA?
- Who are some private lenders that don't have strict mortgage requirements like most banks?
- RESPA and Contractors- Is This A Violation?
- Would renting room in your house disqualify you from tax rule?
| Thoughts on becoming a notary signing agent? Seems almost too good to be true.. dun dun dun Posted: 30 Jan 2020 04:03 PM PST |
| 22 years old student from a poor family who try to reach Financial Independence. Posted: 31 Jan 2020 05:02 AM PST Hey there community, I'm 22 years old and I'm in my first year of the study 'technical business'. I'm very interested in real estate, investing, building a company and all those stuff. But I need some advice I guess. I don't have enough time to spend on developing knowledge about those stuff. How many time do you guys spend into financial development and what would you guys recommend to do? Just focus on all these subjects together or just read books about one thing first, and then the next one. I have the feeling I get too old to try all these things otherwise. Like I don't have enough time. Would love to hear some tips! [link] [comments]  |
| Posted: 31 Jan 2020 03:32 AM PST Our land has some drainage issues due to heavy clay soil. Being a former zoning board member and having had training in water diversion, I'm keenly aware that water is a homes worst enemy. Our downspouts are already diverted out to the ditch, but we have pooling of water in the rear as the land slopes slightly toward the house which causes me some concern. I've had a landscape architect draft me a plan for a rain garden to catch the collecting water. Aside from being a utility, it will look great. My question is, has anyone else experienced similar issues and installed a rain garden? If so, is there a way to calculated a ROI on such an item? [link] [comments]  |
| Random "Investor" called up my mom to sell her house? Posted: 30 Jan 2020 04:36 PM PST Someone told me to post here . My mother called me today to let me know that she sold her house. I was confused. I thought she didn't want to sell it anyone But she said. Someone called her and they talked about the price and They settle on a price. He sent her the contract and they both signed it. This is the copy of the contract. This sounds so so fishy. I'm hoping it's not a scam. But can anyone enlighten me or help me? Because I only was able to find out the Lawyers Place. (Which I'm going to call tomorrow to confirm about the buyer) But any other information about the Buyer. I can't find it. No reality address or agency number. Or anything [link] [comments]  |
| Need to sell plots of land fast Posted: 30 Jan 2020 08:56 AM PST My parents are in pretty dire financial straights (older, medical issues, rent getting jacked up, etc) and are having to quickly liquidate what assets they can. They own two plots of land in Southern California. One is landlocked and won't perc, the other is in good condition as far as I know, just out of the way. Are there reputable sites/companies that will buy land fast? Or would it be better to start calling up agents in the area? Edit: Really appreciate all the helpful responses!! I'm a little swamped with replying and grabbing information, but it's been super helpful!! [link] [comments]  |
| How long before renting on a conventionally financed condo? Posted: 30 Jan 2020 05:50 PM PST Hey all, just picking up my first condo with conventional financing (hooray). Looks like I will be travelling extensively for work this year and wondering it there are any stipulations for how long I have to wait before I can rent? I know FHA has strict rental contingencies, so curious what the deal is with conventional. Our closing date is next week. Happy to provide any other info I can. Thank you! [link] [comments]  |
| Posted: 30 Jan 2020 06:06 PM PST Hi, i have a piece of property (located on a corner street )that is gated. It has parking located on all sides. When i purchased the property it was not gated and tenants entered and exited freely from all angles kind of like a corner gas station. When the gate was put up, it allowed entry and exit on that one spot. However, i am not sure if it is legal. The side walk curb is not flattened but worn out from so many cars. What document do i need to look at to see if it is legal? A survey? Who can i talk to? It is the only way to get into the rear parking. However the city has plans for that side of the street and im not sure that would allow it. Thanks for your advice [link] [comments]  |
| First time buyer - What’s a reasonable DTI for first house with my current financial situation? Posted: 30 Jan 2020 07:08 PM PST I've been paying off student loans and finally will be in a great position to buy first house. Wife stays at home and I have two kids with one on the way so need a 4-2.5. Average home cost in good school district in my area is about $275-300k. My gross income is ~$130k a year but likely rising the next couple of years and plateauing around $150k if I stay at same position. I have no debt except about $20k in student loan payments that will be gone in next few months. Own a few cars worth in the $15-20k range but no other major assets. Good savings with down payment of 30k. Renting currently and DTI is around 10% with my rent payment included. I am comfortable going up to DTI of 25% in my current situation but have lender trying to sell me being pre-approved for houses that would take DTI up to 35% or more. Housing prices are definitely going up in this area. A friend built a house a few years ago for $270k and after four years was appraising for $320's. I feel like I should get in the housing market now with interest rates being so low and housing market booming, just not sure of what guideline should be on DTI for first house— I'm hoping to stay in it at least 7-10 years. We are pretty frugal people so our house will likely be our only major purchase the next few years and would love to pay it off early. Even considering a 15 yr mortgage. Thanks for all advice. [link] [comments]  |
| My First sale... could be a condo Posted: 30 Jan 2020 03:03 PM PST Hey all. Someone at my day job asked for help finding a condo / SF in the Fairmount section of Philadelphia. Budget 400k. They won't find a nice single family for under 1 million in this neighborhood, but condos are certainly within their price range. This would be my first transaction on the buyers side. I sold an apartment building I owned last year. I'm curious to know, what are some Questions to ask buyers to help them find their criteria with condos? I already told her about condo fees and assessments. Is there anything else you condo junkies can warn about? Specifically, I'm wondering if there are any Philadelphia-specific, condo-specific laws. I'll be doing my research this weekend. What kind of information do you provide your buyers with? I'm an engineer so I love doing analysis and research. I just don't know too well what aspects of a marketing I should be highlighting. Thanks for all your help guys / gals. [link] [comments]  |
| Posted: 30 Jan 2020 10:33 PM PST Anyone know how I can get a hold of one in the Portland, Oregon area? [link] [comments]  |
| Walking away from deal after seller delays? Getting deposit back? Posted: 30 Jan 2020 04:34 AM PST Purchased a foreclosure from an online auction back in September 2019. Sent over earnest money deposit. It's now almost February 2020 and we still haven't closed due to county plumbing requirements to be fulfilled by seller prior to being sold. Finally found a plumber who said it would be done a few weeks ago. Apparently It's been difficult finding a plumber able to do the testing. Signed an addendum stating we would close by Jan 24. I've signed about 5 of these over the past several months and each date always passes. Now they are saying plumber will fulfill requirements first week of Feb. At what point can I just walk away and get my earnest money deposit back? Last addendum says close by Jan 24. Is the entire contract void now? [link] [comments]  |
| Nextdoor usage by real estate agents. Posted: 30 Jan 2020 03:29 PM PST Has anyone had any success with the Nextdoor neighborhood discussion group? I am contemplating sponsoring a zip code which allows me to advertise my real estate services a couple of time a month and post listings. Has anyone connected to a seller of buyer on the Nextdoor platform. Thanks. [link] [comments]  |
| Is there a way to search houses by exact square footage? Posted: 30 Jan 2020 06:27 PM PST My house is fairly common in my city (literally three doors up from us is the same build), is there a way to search real estate listings by exact footage so I can see what other people have done with the same space? Trying to get ideas for things to do with ours. [link] [comments]  |
| Is it possible to get a no down USDA loan with a 30k income? What are the steps? Posted: 30 Jan 2020 06:19 PM PST My fiancee and I make around 30k a year between us two. We are both 21 years old. He doesn't have much credit history but I do due to student loans and a credit card and my fico says its 669, however Credit Karma says 738 (I don't pay attention to that one). We work in a very flexible job where we get to pick up or give away as many hours we want. However, we'll be wanting to work as full-timers soon if we can buy a house which would bump our income into the 45k combined. I've been looking into buying a house after being constantly kind of "betrayed" by my father who keeps on promising us a mobile home he has but since my 30 yr old brother lives in it, he refuses to kick him out. We wanted to save money of rent by living in a mobile home, however it seems that won't be possible so we're spending on average around 1,200k in rent monthly. Would it be possible for us to skip that step and apply for an USDA loan? We have savings but not enough for a 20% down or something like that. Do we have any opportunity on getting a Condo, we want to make sure its non-HOA. What would you recommend we do if we are first time owners? I am kind of embarrassed to say that although I have done some research I am still a little confused on what the lender plays under USDA, anyone care to give me an insight on that? We can get something small, we don't have kids just a small dog. Rents in Orlando are crazy and we just want to settle in a place we can call our own. We have moved over 4 times only in the past year. It is very discouraging, all due to my father making us sign a lease of a 3-month promising we would have the mobile home by the end of it, obviously it was not true and I am disappointed to say I have come to realize it now, quite a thousands dollar spent later. **Note we have a Navy Federal account. Should we go with their no down mortgage option instead? [link] [comments]  |
| How structure deal with sibling Posted: 30 Jan 2020 09:37 PM PST Looking to co-invest with a sibling on a rental property. There is a possibility that they might live in one unit; it's a duplex. My question is what are the common structures for a deal like this? Which one is most recommended? So far what I am thinking about is A) purely a financier role, I lend them money and they pay me back on an agreed upon schedule B) be invested in the property while we own it. Do we take the ratio of what I bring to the table vs what they bring to the table and then just apply that ratio to everything?eg. any equity made on a sale, taxes, mortgage payments, repairs etc. [link] [comments]  |
| Best way to get pre approved or a loan? Posted: 30 Jan 2020 12:52 PM PST My understanding is your have a couple weeks or so to apply for as many home loans as you can and it counts as one inquiry. What is the best way and places to apply? I assume online is one of the best ways but should I apply in person also? What sites/lenders are the best as far as saving you money on your home loans and are recommended? [link] [comments]  |
| Posted: 30 Jan 2020 07:47 AM PST Basically I'm trying to nail down as many financial variables as possible. I have a spreadsheet that calculates cash on cash return and CAP rate, but of course the output number is only as accurate as the inputs are accurate, which is why I'd like to meet with a CPA who has real estate experience to help me get a better idea of (a) how to estimate expenses and deductions tax-wise to get my CoC return input for taxes as accurate as I can and (b) how to avoid tax pitfalls. The consultation is $300/hour, so I'd like to make sure I have the right info prepared for when he asks me questions and make sure I'm asking the right questions to him to get my money's worth from the meeting :) Some background info in case it's relevant:
Let me know if I'm missing any important info here that would help someone address my question. Thanks in advance for any assistance! [link] [comments]  |
| Posted: 30 Jan 2020 02:49 PM PST Alright looking for people who have had experience with Keller mortage and usaa. The situation is I made an offer for a house of 256k and 2 back for closing costs which was accepted but the seller wants to close by the end of feb. Instead of the end of march which was written in the contract. Usaa is basically saying it would be extremely unrealistic to close a Va funded deal in 29 days. The house I'm looking to buy is listed by keller William's and they recommended their mortage company, Keller Mortage to fund it and said they could.make that close date happen. Personally i dont believe it and feel the other agent is just trying to drum up business for his company. Does anyone have any experience that would support that 29 day claim while I dont even have my coe from the Va in my hands yet. Furthermore anyone have any reason why I should not use usaa? Usaa also guaranteed with my credit I'd get a 3.25% interest rate. First time home buyer so bear with me. [link] [comments]  |
| (US) First-time buyer with some questions Posted: 30 Jan 2020 07:49 AM PST I'm buying for the first time and have a few questions. 1) Does a listing agent have to disclose if they're also the owner of the property? I was extremely close to settlement for a home--just 2-3 weeks from settlement date but then things turned South very quickly and in the process it came out that the listing agent was also the owner of the property which she'd never disclosed. Is this something she should have previously disclosed? 2) With that first property, the seller was willing to work the closing cost into the mortgage. Is there a name for this practice? How common is it? It made the entire concept of buying for the first time feel a LOT more comfortable and stress-free. I'm putting in an offer on another property and I'm considering asking if this is something that can be done again but I don't want to offend the owner. [link] [comments]  |
| Concessions after the home inspection - AC working fine but heater isn't working? Posted: 30 Jan 2020 08:43 AM PST I'm currently selling my condo, it's about 1100 square feet in a 6-story building. We're under contract with what seems like an eager buyer: they requested a 30 day close and scheduled the inspection for the day after the contract was signed. The inspection was yesterday, and it went well overall. The only problem was the heater: it didn't work. I live in a perpetually warm state and I don't think I've turned on my heat in over a year, so I had no clue it was broken until the inspector turned it on and the air blowing out was only lukewarm at best. I probably should've checked it before I put the condo on the market, but I didn't think about it because the AC works fine and blows cold. Honestly it's almost a non-issue because of the weather here, but I know a broken heater doesn't look good. Assuming there are no other issues with the condo, should I be estimating some sort of concession for the buyer because of the heater? What do people typically ask for with something like that? And do I have the wiggle room to negotiate it lower if they ask for an insane amount? [link] [comments]  |
| Posted: 30 Jan 2020 12:23 PM PST Hey guys, First time posting in this sub and a first time homebuyer. We received the clear to close and our closing disclosures earlier in the week from the lender, but unfortunately cannot schedule closing without the HOA approval. The HOA has had the application for 3 weeks now and the management company that handles HOA affairs hasn't returned phone calls or emails to myself/my realtor/selling agent for the last 4 days on this. We are trying to be patient, as we understand that at the end of the day the HOA is comprised of residents who I'm sure have full-time jobs and other responsibilities, but with our contractual closing date of 2/7 or earlier, it is starting to become a bit of a concern for us. Since I'm sure I'm not the only one here who has run in this, what are my options at this point? [link] [comments]  |
| Who are some private lenders that don't have strict mortgage requirements like most banks? Posted: 30 Jan 2020 04:07 PM PST I'm a self-employed contractor that earns checks and cash. RP-Funding told me that they don't want to see any cash deposits from the last 2 months when applying for a mortgage... Are there any private lenders that don't have so many upfront requirements? I'm looking for a lender who will check my credit, take my downpayment, and approve me. Do those still exist? I understand they might require a higher down payment cost + higher interest rates, but I'd be fine with that. Any help/info/advice is appreciated. Thanks! [link] [comments]  |
| RESPA and Contractors- Is This A Violation? Posted: 30 Jan 2020 02:25 PM PST I was looking into RESPA, and I wasn't sure how the law extends beyond the realtor and loan issuer. Can a contractor offer a kickback to a real estate agent for referring clients to the contractor? Does this change if the contracted work (capital improvement) is added to the mortgage vs just a standard home work order? A couple real estate agents I asked weren't sure, and opted to side with caution. The laws seem like they only pertain to the relationship between the agent and the loan issuer, but I was hoping for some more knowledgeable voices to weigh in. Thanks in advance everyone! [link] [comments]  |
| Would renting room in your house disqualify you from tax rule? Posted: 30 Jan 2020 05:22 AM PST Hi in NJ I know if you keep your house for 2 years as your primary residence and go to sell there won't be any tax on the gains right? (provided you make under 250k) Well someone warned me if I rent a room in the house then claim the depreciation I might not be eligible for this? Does anyone know if that's true and what the stipulations are? Thanks [link] [comments]  |
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