Regret not offering more. This market sucks. Real Estate |
- Regret not offering more. This market sucks.
- Undisclosed Former brothel
- Most important questions when buying a house?
- Duplex: why do they seem too good to be true?
- Pay off $60k cash, loan or wait?
- Renting at cost
- Acreage Discrepancy
- 203k Refinance Options & Other Questions
- Looking to get into real estate more of a hands off approach
- How's the upstate NY real estate and rental market?
- What does restricted to owner occupany mean?
- Seller financing
- [CA] Co-Signer is bipolar. How do I get out of this?
- Homebuying process going well so far. I'm nervous for appraisal. Would love your commentary.
- Refinance while unemployed
- When does realtor, zillow, redfin update 2021 property taxes?
- Financing investment properties
- Can my siblings force me to sell
- [VA] Debating pro's and con's of 750k new construction vs. 550k-670k+ with plans to "fix up" as I save more money
- Should you buy a freehold semi-detached house if it's a brand new construction and in a good neighborhood?
- Good book on negotiation with tenants?
- Cleared lots vs overgrown lots?
- [CA] Quitclaim Deed
- Any landlord accepting Bitcoin for rent payments? Anything to consider or best way to collect- besides the price fluctuations?
| Regret not offering more. This market sucks. Posted: 01 Jan 2021 05:20 PM PST So I'm selling my house. As a seller everything is gravy. Multiple offers day one. Over asking, going well so far. But as buyer?! Oh my goodness. It's so difficult to win a bid. I've been at it about 2 months and I know there are others that have been dealing with this much longer. In my area there is a severe shortage of homes for sale and it seems realtors are pricing particularly low to entice bidding wars. It is what it is. My issue is today I lost a home I was in love with. Most are just ones I like because we need a home. No...this home was perfect for us. I even offered more than what my agent suggested and still lost. During the wait I was confident that I made the best offer I was comfortable with. But now that I lost I wonder if next time I should offer more? I'm on the conservative side but I've been bidding 10k + over asking consistently. How are others dealing with these unknown situations? I hate to just go sky high and it be unnecessary. I'm so heart broken over this one house I can't stop thinking about it. There is literally nothing I can do. The worst part is I was told I'm second. Soooo close were the exact words. Sorry for the rant. [link] [comments]  |
| Posted: 01 Jan 2021 12:47 PM PST Ok, so assume you buy a house for the first time, standard like, and nothing unusual disclosed at closing. And not too long after moving in, strange people start showing up, at all hours, quite sketchy sorts. Those strangers are a bit confused, playing around the topic that they are there for some kind of illegal business. At first you think the former residents might have sold drugs. But, your neighbors, upon inquiring, allege that your home used to be the local brothel. Drugs sales possible, but maybe not, too. Is this something you can take legal action with the seller, for? Since it definitely would have changed your position on pricing, if not the sale, entirely. Especially with the sketchy, sometimes intoxicated, strangers on your property at odd hours with less than legal interests. [link] [comments]  |
| Most important questions when buying a house? Posted: 01 Jan 2021 11:26 AM PST Looking to buy a house now and I've got to admit I don't know a lot about the interworkings of houses--plumbing, electric, structure and all that stuff. I don't want to look stupid or have someone take advantage of me, but what are some things I should ask? I've been looking at when homes were built, if it's well water or not, septic or not, etc. What're some good questions to ask about a new home, important ones and little known ones, and possibly about the community too? There's a house I'm looking at next week that I really like the look of and I've started speaking to some people from the community and it seems really nice (quaint, somewhere between rural and suburban, good schools for future kids, etc.). I'm excited to explore the community when I visit next week too. But any input would really help! [link] [comments]  |
| Duplex: why do they seem too good to be true? Posted: 01 Jan 2021 09:59 PM PST Current stats: 22 yr old 70k income 700 rent 25k savings (retirement accounts separate, but this does include my emergency fund) So I've been reading up on RE investing and it seems like duplexes are just too good to be true. I found a property in my area that costs $300k. Outdated appliances and design but good condition. One half would rent for about $1200-$1300. Zillow estimates the monthly payment at $1400. What am I missing here? I could buy this and nearly cover my mortgage with the rental income, maybe be left over with a $200ish monthly payment while building equity. All for a down payment of just 60k which I could have in a year. Hell, why not just buy this now with 5% down? Why even wait to get 20%? I think I'm missing something because it seems like duplexes really are a ridiculously easy way to save up tons of money while building equity in a rental property. [link] [comments]  |
| Pay off $60k cash, loan or wait? Posted: 01 Jan 2021 07:38 PM PST Hey everyone 👋🏼 My mom currently owns a home valued at $500k with $60k left on the mortgage. I'll be taking over the home when she passes, but would it be an easier transition if I take over the home now? I can pay $60k cash + closing cost if needed, get a loan for the remaining amount or if there's an better way to transfer titles. I'm open to hearing all options 🙏🏼 I'm currently married, 1 kid (Not sure if this helps with tax purposes) I currently do not own a home, but planning on purchasing later this year 2021. Thank you [link] [comments]  |
| Posted: 01 Jan 2021 03:58 PM PST Ok go easy on me I know it sounds stupid but would there be any circumstance where it make sense to acquire a rental property and rent it out for the cost of the mortgage and fixed expenses plus a percentage set aside for maintenance. Obviously you'd want to be making a profit but my thought is if you believe in the area enough to purchase a rental property there in the first place that your betting on the property value to increase. This would definitely be risky but could this be a way for a new investor to get their foot in the door. Build up their net worth and maybe make it possible to acquire better deals down the line? I think it would definitely help with attracting renters( then again it may attract the wrong type of renters) with lower prices but idk. Just looking for general thoughts. Thanks guys. [link] [comments]  |
| Posted: 02 Jan 2021 02:22 AM PST Hey Guys, I was hoping for some advice. I'm currently in contract with a HUD home that I am set to close on the 31st. After looking at the GIS map for my future property and dwelling on the fact that my land is the only odd shaped one all around.. I noticed that the neighbor's property behind my uneven land is off by .20 of an acre. GIS shows .76 but after using inchcalculator.com, it measures .96, and it's noticable. My future property is .84 and measures to .84 just fine but the zigzag at the end of my yard Makes me wonder if there's a discrepancy on my future land. Besides that, I think it's total BS that this neighbor's tax is based on .76 when it's .96 My question is, should I bring this up to my realtor, and dispute with HUD? Or should I just wait to close to then look deeper? No matter what, my mind is set on buying this house. Worried this could cause problems if I mention it, and I don't get the house. Btw, FTHB [link] [comments]  |
| 203k Refinance Options & Other Questions Posted: 02 Jan 2021 02:02 AM PST Hello, I'm 22 y.o. and looking to by my first house. I have $25k saved and am looking to buy around $200k - $250k all in (Purchase + Reno) so the 3.5% down on the 203k is appealing to me. It'll be my place of residence for the foreseeable future (at least 3+ years) but I'd still prefer to look at it as an investment. I've been reading / thinking a lot about the 203k loan lately. I think I'd like to buy with the 203k loan, renovate, live in the house with roommates (house hack) and refinance to avoid PMI & increase bps on 203k interest. Hopefully build in some free equity with the renovation. Essentially combining a BRRRR and a house hack. I had a couple questions, mostly about the refinance piece.
Thanks in advance for your help! [link] [comments]  |
| Looking to get into real estate more of a hands off approach Posted: 01 Jan 2021 07:26 PM PST Hey I'm looking to get into real estate with more of a hands off approach, not being a landlord any tips or suggestions? [link] [comments]  |
| How's the upstate NY real estate and rental market? Posted: 02 Jan 2021 01:24 AM PST |
| What does restricted to owner occupany mean? Posted: 01 Jan 2021 05:26 PM PST I'm learning about real estate investing and wondering what exactly does this mean? [link] [comments]  |
| Posted: 02 Jan 2021 12:57 AM PST How does it work,i dont get it.Saw a youtube vedio about this topic and how the buyer's dont have to spend anything. [link] [comments]  |
| [CA] Co-Signer is bipolar. How do I get out of this? Posted: 01 Jan 2021 06:43 PM PST I apologize in advance if this isn't the proper subbreddit. I bought a house 6 months ago, but due to me renting my existing home out to a family member earlier this year, that income didn't qualify (but this isn't the point of this thread) and I needed to bring my mother on as a co-signer. She was retiring and I haven't seen her in years and said it wouldn't be a problem. She was to move in for a "bit" until her pension kicks in and be on her way. Well her pension kicked in 2 months after closing. Then she started getting comfortable. She started hoarding and is just a messy all around. I recently asked her to move out and she didn't take it all too well. A few days later, I discovered she is diagnosed bipolar. She is off the deep end and is just making threats to me nearly every day through text messages. She is even messaging friends and my wife's family telling them we are putting her out on the streets after all she's done for us. I am completely side-blinded by all of this. She doesn't pay for anything. We have no lease, but she is on the title and loan. Here's the kicker. I applied to refinance last month, and she thinks it's all complete. In reality there is a few more documents I need to submit. The goal with the refinance was to have it under my name, while also ridding the PMI. She says I have to evict her, and she is going to squat, and financially ruin me. All I care about at this point is getting the mortgage/title/deed in my name. Is this possible without her presence? [edit] her pension is about $5,500/mo. She has no debt. Just want to make it clear that she makes more than enough money. [link] [comments]  |
| Homebuying process going well so far. I'm nervous for appraisal. Would love your commentary. Posted: 01 Jan 2021 08:46 PM PST Looked at 8 houses over two days. Put an offer for asking price + $6k appraisal guarantee on house #8 that night. Seller accepted and signed the following morning. Southeast Michigan. House is $195k. Inspection scheduled super quickly and passed with flying colors. Provided credit union all documents promptly, and they ordered the appraisal next day. Appraisal takes place Monday. We were hoping for closing by the 17th, but the bank told us up front that the end of the month is more likely. The house is at the high-end of our budget - $5k under our pre-approval amount. It's also hard to find comps. It's a 95 year old house that has been completely renovated top to bottom before being listed. We can find comps that are nearby and similar size, but not completely renovated. We can find completely renovated houses that are different sizes or different neighborhoods. Would love to hear any thoughts, knowledge, or experiences you can share. Thank you! [link] [comments]  |
| Posted: 01 Jan 2021 08:29 PM PST Asking for a friend. Current total debt: $100k (includes mortgage, car, student loans, etc.) ... consolidated all debts during initial refinance of house several years ago. Estimated house value: $200k ... Based on next door neighbor's recent sale. (House sold for $250k... almost similar to my friend's house). Friend: unemployed due to covid-19... Works in entertainment industry. Friend's wife: retail store employee... $17 per hour. Dependents: 2 young kids Current mortgage rate: 4.5% He said he has tried contacting a mortgage broker to refinance, but there are currently no programs for him. I tried searching in Google and it seems that you can still refinance while unemployed. He said his wife makes too low to qualify as well. I thought his home equity would help him qualify. Can't he use that in a refinance application? Also, are there any programs that he should look into? I'm trying to help him find some so he can lower his monthly payment. [link] [comments]  |
| When does realtor, zillow, redfin update 2021 property taxes? Posted: 01 Jan 2021 06:06 PM PST Our PA county has just reassessed 2021 property taxes effective today. When does Redfin, etc usually update their sites to show the 2021 total taxes? The changes could be very significant. [link] [comments]  |
| Financing investment properties Posted: 01 Jan 2021 11:42 PM PST What are some of the best lenders who offer unique investment property lending? I am hoping to find 100% financing of some kind, not sure if that exists in todays lending markets [link] [comments]  |
| Can my siblings force me to sell Posted: 01 Jan 2021 03:59 PM PST My father and I own a house in Canada. We have a 50-50 share. When he passes away his share will be split 3 ways between myself and 2 other brothers in which case I will own more than 50%. My brother's intend to sell as soon as they would be able. Could they force me to finance their share? [link] [comments]  |
| Posted: 01 Jan 2021 11:11 PM PST The properties in question are all townhouses with two car garages in the 2000 - 2700 sq. ft. range. Pro's of 750k new construction
Con's of 750k new construction
Pro's of 550k-670k with plans to "fix up"
Con's of 550k-670k with plans to "fix up"
Summary: Basically, after remodeling the cheaper, older houses... I'm nearing the price of the new construction anyways. I'll just have a glorified 20-30 year old townhouse in the end, perhaps not even to my full liking. My remodeled house will stick out like a sore thumb in the neighborhood being "worth" 100k more than any other house. After doing many tours, it's a hot sellers' market right now. Sellers are just dumping their lived in 670k-690k townhouses that aren't even touched up to be turn-key ready. They have no incentive to do more. It makes too much sense for a new construction in my opinion. Am I overestimating remodeling costs? How much would a full kitchen, 2 full bathrooms, and floors for the main level cost to remodel? [link] [comments]  |
| Posted: 01 Jan 2021 10:53 PM PST This will be my very first house purchase. The detached houses are selling like hot cakes in my area. I found a really good semi which I liked too. What are the pros and cons of owning one? And what things should one keep in mind when buying one? How do you make sure the noise from the neighbor won't be an issue. The adjoining house is currently vacant so there's no way to verify that myself. [link] [comments]  |
| Good book on negotiation with tenants? Posted: 01 Jan 2021 10:51 PM PST Is there a good book that people recommend reading to help in negotiating with tenants (both for residential and commercial property). Hell, a good book on negotiation in general would also be welcome. [link] [comments]  |
| Cleared lots vs overgrown lots? Posted: 01 Jan 2021 10:45 PM PST How much would 8 lots be devalued if they are overgrown by trees? Give me a general percentage please. Assume the overgrowth is bad and requires heavy equipment to clear out. And if more adjacent lots also become overgrown. Would that also devalue the previous 8 lots that are also already overgrown? [link] [comments]  |
| Posted: 01 Jan 2021 10:22 PM PST My mother co-signed a loan with me to purchase my primary residence 6 months ago. I'm currently awaiting a refinance, but could be a few more weeks (if all goes well). I really need her off title due to her mental instability. Would a Quitclaim Deed be a (the) quick solution to remove her off title? Will her being on the loan have any bearing on this process? [link] [comments]  |
| Posted: 01 Jan 2021 09:44 PM PST |
| 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