I’m in a situation where I’m due to inherit a house that is completely paid off. I currently live in the house, so it’s not just an investment property to me it’s also my place to live. I’m trying to figure out whether there’s a smart way to tap into some of the equity and use it to build additional wealth, while minimizing the risk of losing the house itself. For example, I could potentially take out a relatively small portion of the equity and use it for things like: Investing in the stock market Buying a piece of land Putting a down payment on a rental property Renovating/improving the current property to increase its value Some other investment/business opportunity The part I’m struggling with is the risk. The house being completely paid off gives me a lot of security, and I don't want to turn a debt-free house into something that could potentially be lost because I overleveraged it. For those who have experience with real estate investing or using home equity: How ...

Hello everyone. 19M here. I've gotten very interested in real estate lately. Specifically the apartment rentals and complex industry. I was wondering how I could prepare or learn the ropes for the future. I've seen that there's a lot of money to be made in B and C class apartments and have just been really wondering what the reality of it is. What I should expect and what I should do in order to give myself the best chance of being successful. submitted by /u/Simmidic_24 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wu03ro/19m_what_should_i_do_if_i_want_to_be_successful/

I know I’m probably beating a dead horse right now but the market has me genuinely spooked. Backstory - my wife and I purchased our first home in 2018, refinanced during COVID around 3%. The problem is our growing family. We want to move out of state and into a bigger house. We have two kids, I work from home and genuinely there isn’t enough room in our house anymore. We owe right around $200k on the house and comps in the area over the last year have gone anywhere from $390-$430K with prices starting to fall over the last few months. One of two things needs to happen: rates need to go down (not going to happen) or the market continues to fall because of high interest rates. Regardless, our home will never be worth as much as it is today or was yesterday. I want to get out ASAP and get the equity while I can. Is that a stupid way to think about it? Genuinely if we hadn’t outgrown our home, I would suck it up and stay because our mortgage payment is fantastic right now. My first instinc...

I’m in the process of moving my family out of state to where I live. My family has been in their home for 34 years, the house was built in the 70s and it needs some upgrades. My family home is on a rare piece of property for the area (acre and a quarter of land). That being said, I don’t know how old the roof is, I don’t think the hvac units are super old, it needs all new flooring and in the past had termites but my dad had it treated. I had some comps run and the agent stated 800k-1mil, realistically looking at 900-1mil. We have a neighbor who stated they were interested in the home, it would be an all cash offer (we haven’t fully talked numbers yet). I have never sold a house before, I don’t know what would be a realistic discount if any should be offered in case it does need a new roof and etc. If anyone has any advice, tips, or tricks I’d love to hear it. Would I just need to work with an attorney to get documents drawn up for this or would I still need an agent of some kind...

Yesterday a house was put on the market and I scheduled a showing. A few hours later the showing was canceled and the house now says it “temporarily off the market”. I have asked my realtor about this but I haven’t received a response. Does this mean someone else put an offer on it? submitted by /u/Own-Negotiation-1422 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wt9eyo/temporarily_off_market/

Aspiring downsizer here. Potential new commuting requirements at work have me looking in an area where the townhomes are two-story with one full bathroom on the second floor. I can live with only one shower/tub, but I'd really like two toilets. I have kids, and I am also just aware of how fleeting mobility can be. Having to go upstairs to use a bathroom and/or only having one toilet feels like a problem waiting to happen. Would you immediately reject these? Should I resign myself to a longer commute to get 1.5 bathrooms? Or should I get a contractor to quote adding a half bath on the main floor? (I think it's possible if it goes in the laundry room with a stacked washer/dryer?) Please share experiences, good or bad, with a one-bathroom household. submitted by /u/misfitmpls [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wt859r/would_you_buy_a_onebathroom_home/

32 male. I'll have about 80k in equity from selling my current house. Plus be putting down 30k. SE Michigan/NW Ohio area. Not really a real estate hotbed, but I've now lost 3 houses to cash offers in the mid 200s. Who has this much cash sitting around? These are not houses people in their 50s or 60s would be buying who could pull from retirement. This is insanity. Rant over. submitted by /u/tigersfan829 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wsw33d/where_are_people_getting_this_much_cash/

How is your life different from switching over? Are things easier/harder for you? Was the test very hard? Feel free to share your experience. submitted by /u/juicydreamer [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wssixz/what_made_you_take_the_leap_from_agent_to_broker/

Is it a red flag if a home buyer (flipper) has listed an option period of “0” days in the TREC contract? submitted by /u/GlovePlane6923 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wsf3yz/option_period_of_0/