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Help with next move

Looking for advice on what direction we should go next financially/housing-wise. I feel like we’re in a decent position overall, but I’m struggling to determine the smartest long-term move. Current situation: Me and partner with 3 kids ages 7,8,9 Household income: ~$215k salary (not including rental income) About $250k in retirement currently Contributing 15% to a Roth 401k Around $80k in cash savings (hysa) Primary home: Estimated value (super conservative): ~$500k Owe: ~$350k Interest rate: 3.75% We’ve outgrown it with 3 kids and only 3 bedrooms plus unfinished basement. (No office space for WFH) Rental property: Estimated value: ~$430k Owe: ~$249k Interest rate: 2.75% Mortgage is about $1,580/month Rent is $2,500/month Cash flows roughly $800/month after expenses The dilemma: We need more space, but I’m torn between a few options: Stay put and remodel/finish basement, stack cash, enjoy the low mortgage. Sell current home and buy bigger (found a house with every...
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Recent posts

How do people afford to invest?

So new to this group trying to get our life together. I’m 42 female married with 3 kids. Bought house 2012 no fancy cars. Both Govt employees. Self teaching about investing ETF/Stock with what little we have left. Both still have student loans which fingers crossed will be forgiven through job. My question is how do people invest in a rental property without coming from generational wealth? I see people buy and live in their home for 2 years and then rent and buy another. How can this be possible considering my scenario.. kids acclimated to their schools.. not much wiggle room for job site relocation. I live in northern Va single homes are 750k and up. It’s WILD. Any advice bc this life is so stale! Thanks you so much. submitted by /u/Medical-Ad6585 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ti2sfz/how_do_people_afford_to_invest/
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Refusing to close on home after major structural issues discovered. Worried about specific performance.

I’m under contract on a home in Maryland and I am refusing to close after discovering major structural issues that were heavily downplayed during the inspection process. My agent is my partner’s aunt, which makes this much harder emotionally. I trusted her completely, and throughout the process she pressured us to move very quickly. During inspections, instead of bringing in licensed specialists, she brought in her own people who were apparently unlicensed and gave extremely low repair estimates. The inspector she recommended described the front stone facade and deck issues as relatively minor. Based on that information, we negotiated a $6k credit and moved forward. After contingencies were removed, I independently hired a structural engineer, contractors, and a licensed stone mason. Their findings were dramatically different. We are now being told repairs could potentially reach $50k+ and may involve major reconstruction work. I’m now speaking with an attorney and trying to recove...
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Inspection issues

Settlement Issues I’m a first time home buyer and we got our inspection report back last week. There is more than normal amount of settling towards interior of home in multiple areas. The seller has agreed to make repairs based off a letter from getting his structural engineer involved. (apparently seller is a home builder that does renos too) Is this a giant red flag? I am from the construction industry as well as all my family and we are all extremely skeptical of this If the foundation issue has to be addressed, should we expect the seller to get the inside of the home back to the same condition? We are worried of interior issues that could arise, since seller has agreed to repair based off of structural engineer, but realtor is not being very helpful of what all may or may not be included in that.. I really need some feedback from homeowners and others that own homes as investments. Everything else with the house is practically a non issue and seems to be a really nicely done ...
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How long does it typically take to receive funds after closing for an inherited property sale in New Mexico?

House closed 04/18/2026 and was updated to sold on Zillow the next day. It was sold for about double the amount left on the mortgage and the proceeds after all fees and taxes and stuff is split between 2 siblings who no longer speak to each other, 1 being my husband. The decedent has been passed for 3 years and this was the only remaining asset in probate, one sibling lived in the home but decided to sell and let go. We want to use the proceeds to purchase property in the next year or so, our lease is up in October and we don’t live in a wonderful area, we have a young son and think it’s time to move on, and I’m trying to make a bit of a timeline so we know what to expect. We would hope to close on a home by December or January of next year. If anyone knows the typical timeline for funds dispersal in a situation like this it could help. Thanks submitted by /u/ViceInSinCity [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tgzd1o/how_long_d...
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Deal under contract - struggling with decision post inspection

Hi all, I wanted to get some imput about this deal which I have under contract. I've been going back and forth about whether to walk away over the last couple days and would like some unbiased feedback from this community to help me evaluate the decision. Talking to family and friends hasn't really given me much clarity. Location CT - for context we have a dramatic inventory shortage here and our market is one of the hottest in the country. Everything sells immediately way over asking and I've put in 10 offers over asking price before this one was accepted. The property is a triplex, which is what i had been ideally looking for. List price was $400k, and i offered 465k given the state of the market. After the inspection report came back, sellers agreed to lower the price to 430k, which for the square footage and rapidly appreciating prices is actually good in our market. The property is currently bringing in 4050 per month in gross rent, which will be going up to 4350 on...
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Make insulting offer or pass?

There’s a couple of house my wife and I have been eyeing since last year. They were both listed around the end of summer and are still on the market. They both started at $450k and now sit at $425k and $395. They are both old farm houses from the early 1800s but have been completely renovated. The one at $395k is in a more desirable school district and area but doesn’t come with a garage or storage of any kind. At what point does an offer become insulting and shouldn’t even have bothered with it. I’m factoring in having to build a garage and probably wouldn’t want to offer more than $300k for it. The $425 house has a nice outside setting but sits at a country rd intersection that dump trucks go up and down all day long with their Jake brakes. I probably wouldn’t offer more than $350k since it does come with a barn and we really like the outside of it. Are these insulting offers or should we just pass? Other houses in the areas have sold for much less in the past year than what they ...
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Adverse possession?

The day before buying, the realtor called us to say she’d just discovered that a portion of our driveway was not on our property. This was during the height of Covid and she acted like it was NBD. The gravel driveway is is probably 200 yards up to the house, the adjoining property is unoccupied, used for lumber. We have had to add gravel in several areas to keep it safe to drive on. Recently I pulled up the county property lines online to discover that not only is a great majority of the driveway not on our property, but a good part of the fenced area of our side yard (fence installed by previous owner) and side yard that we use for our garden is on the other property.At some point in the past year, yellow paint has been added to several trees on the opposite side of the drive. While we are very rural, there has been some development in the area and we are starting to worry that we’ll lose access to this driveway, lose a good portion of front yard, etc. Can anyone enlighten us about ou...
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Selling to OpenDoor

Can anyone describe their experience of selling through Opendoor this year?? I’ve seen some say that the process has changed with the new CEO. How did the offer, inspections, etc all work? Thank you! Please no comments about how I’d be losing out on cash with them. No duh. There’s a reason I’d rather not deal with the normal way. submitted by /u/Pleasant_Addition440 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tfi5h5/selling_to_opendoor/
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