6 unit, built late 80s, 2 br/1.5 bath each, single car garages, all utilities are separate ~$3600 total rent per month(~600ea) $1250 taxes per month $375 insurance per month Property is fully rented, with rents under market, but long term tenants(all 5-20yr+). Rents could be raised 1-200+, but I am sure tenants would not be happy. Overall the unit has not been updated since the late 80s, original dishwashers, toilets/tubs, gas furnaces/heat pumps(only 1 unit replaced in 2020s). The hot water tanks are various years, but mainly 10+ years old. Each unit has a deck that is surviving on various patch work. Windows all single pane, garage door/entry are nothing great. --- At what price point does this building make sense?(Listed in 600k range) I personally would have to pay cash, as it would be highly unlikely I would get a commercial loan(I own no other multi units). Perhaps it only makes sense with a loan, even if it is 6-8%, just for tax purposes/etc? submitted by /u/zefpom...

Mine kept rushing me to make offers just to close before her listing agreement expired. Never felt like she worked for me. What's yours? 🚩 submitted by /u/unsuspectedspectator [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1s4z1ky/what_is_the_biggest_red_flag_youve_seen_from_a/

I’m selling my home and signed a listing agreement with the same realtor I used when I bought the home... she’s friendly and pleasant but I’m starting to feel like she’s not motivated to sell my property or able to communicate effectively. It’s been almost two weeks and we’ve had zero showings. I initially asked for guidance on staging, and was told not to worry and “just so I can take pictures.” I asked if I needed to remove personal items and decor and she said no, that people like to see the home lived in. Some photos have people in the background that could have been easily cropped, a laundry basket with dirty clothes, and lights off. I raised concerns about the photos last night and was told it wasn’t important and wouldn’t change how/if my house sold. I’ve expressed concerns about the listing three times now. The first time I was told “I’ll check on it tomorrow.” The second time, two days after the first and when I received no follow up, I didn’t hear back at all. The third ti...

Hello all. I'm looking for somebody capable of appraising the value of a trailer in a park. I'm well aware of the constraints with it being considered personal property. However, I'm looking for anybody capable of providing me a licensed personal property appraisal to provide my bank in order to get a loan. Any and all ideas or direction are appreciated! I'll even take recommendations for better subs to post this to. My main goal is to find one at least in the state!😅 This has been a very long and drawn-out process, and I have absolutely fallen in love with a trailer, and I take "no" as more of a challenge, unfortunately. Edit: Located in Michigan preferably Southeast area. submitted by /u/PsychCobraa [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1s48ie3/nightmare_appraisal_situation_trailer_in_park/

I’m starting to look into a HELOC and thought the main thing would be finding the best HELOC rates, but the more I read it seems like the lender matters almost as much as the rate. From what I’m seeing, a lot of the comparison sites focus on rates, but once you dig deeper there are a lot of other things that seem to matter too. Things like closing costs, annual fees, draw period, repayment terms, rate caps, and how smooth the application process is. I’m trying to figure out how people are comparing lenders in real life. Some seem to go through their local bank or credit union, while others look at online lenders. I’ve been browsing a few options and even saw names like Achieve come up while researching, but it’s hard to tell from reviews how the process goes once you apply. Right now I’m mainly trying to balance finding the best HELOC rate with choosing a lender that’s easy to work with and transparent about fees and terms. Would be helpful to hear what ended up mattering most to oth...

I've been working with an agent for a few years. Over that time I've put in a several serious offers, with one having gone under contract. During inspection it came up that the roof replacement advertised in listing was unpermitted and shoddily done- but apparently that's common in my area. The house was affordable enough that I probably could have fixed it eventually on my own. My agent said that the issue was a 'deal killer.' They also said that the seller's agent was telling us to terminate as soon as the roof issue came up and insinuated that the house would not be worth the trouble as the seller was hostile. I thought that that meant my agent was great and looking out for me, but now I'm not so sure. I absolutely fell in love with a house a few days ago that is everything I want, in the location I want, and all vintage inside. It's basically untouched since the 70s, which is of course good and bad. The bad is the seller (a trustee) has no informa...

I have suffered from a chronic illness for the past 5+ years and was unemployed. my money came from the stock market, it still does. Because I live in a frugal way, only paying enough for absolute necessities (Rent, utilities, basic needs), my tax returns over the past years aren't wowing. The thing is, in assets (Stocks) I have over 7 figures. For most of these places, I can afford 40 years worth of rent up front. I don't know how else to put it. It's confidence killing, honestly. "Uh... you're unemployed?". That's the response. "This is a very unconventional application". We could literally experience a nuclear war and I'd still never miss a rent payment. Liquidity is not an issue. I have no record, etc. I get it. I understand that it's unconventional, that they have a system to abide by - but there's really nothing else wrong with me? Never missed a rent payment, things like that. I do not want to buy a house because it reduce...

I use Loopnet, but I wonder what I might be missing. Do you have other good places to look? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1s3b41f/where_do_you_find_commercial_real_estate_listings/

To bring y'all quickly up to speed regarding this situation. I'm selling my home in an area which is still considered a slight seller's market. The home initially got two offers within the first 5 days, but that could've been luck because half of the homes square footage is technically in a heated partially finished walkout basement, so it's not included in the gross living space which makes the home look much smaller for the asking price. There has been a 2 month delay in this closing process, because I had to go through insurance to get the roof replaced after an insane snowfall came through the area and damaged the roof. A bit about the buyer. They initially tried to low ball 10k under asking price but I stood firm so they offered to pay asking price on cash. Later, they decided to change from Cash to FHA loan, claiming he didn't want to pay fees associated with getting the cash. This required him needing an appraisal, to which it ended up coming out 18k un...