After a lot of stress and whack-a-mole'ing problems and generally taking 10 years off my life through this whole process, I'm told my buyers finally got their clear to close today. Our scheduled close date is tomorrow 8/1, but now everyone is telling me our close date will be 8/6. I'm fine with that, I just want the whole process to be over with, but I'm wondering if we should be formally extending the escrow closing date. When I threatened NOT to agree to that yesterday because I felt like my agent and the buyers were playing games, everyone just about had a heart attack. Today I said I'm willing to sign an extension and now my agent doesn't seem to think it's a big deal. So... Is it a big deal? Everyone seems committed to hitting the 8/6 close date, so will it be a problem if we just let the original close date slip without some kind of documentation saying that we all agree to it? submitted by /u/watchale_wey [link] [comments] source https:

Hi guys, I just closed on the sale of my home and ended up walking away with 200k I’m wanting to invest in real estate by flipping homes or manufactured homes. My credit is pretty much shot and I have no proof of income so I can’t take out a loan to purchase a home. I used to own a restaurant for 20 plus years and lost it recently. I have the money to start another restaurant but I just don’t have the passion for it anymore. What I’m truly asking is how can I flip a home if I can’t even buy a home because of my credit. Are there ways to flip a home bad credit? submitted by /u/Sd181518 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ckjpaj/interested_in_flipping_homes_or_manufactured_homes/

I'm just a 20 year old who has the pipe dream of investing in real estate one day. I've learned over the years that I'm an "obliger" which is a term that basically means that I am super good at doing what other people expect of me, but I don't do anything that I expect of myself. Translation: all of my goals are simply pipe dreams, even the simple ones like drinking water every day. Anything that SOMEONE ELSE asks me to do, though, I'll do it in a heartbeat, and chances are I'll do it really really well. I thrive in work and school environments where expectations are layed out clearly in front of me for me to meet. So I figure if I ever want to make my pipe dream of investing in real estate anything more than a pipe dream, I'll have to find a mentor to coach me through it. I had someone I thought could do this for me. He's a business real estate broker that I've been working for over the summer. He's convinced my to get my RE licens

House was built in 1967, Rancher that had a major renovation in 2005 which extended the kitchen and added a master. We just completed all the inspections and only major items were with the chimney, septic draining, and lead paint on the bilco doors for basement access. Chimney: The previous owner installed a wood stove which connects into the furnace flue, not code, and the flue needs a new steel lining plus removal of that line. Plus fireplace needs some work on the flue. Septic: Inspection found that the tank is sealed properly but the water didn’t drain as it should. They think it’s possible root damage to the dry well or drain field but needs more investigation. Bilco Doors: Found to contain lead paint. Didn’t look like it was peeling so not sure how concerning this is. Any suggestions on how we should approach this with the seller would be much appreciated. Our thought was to request an escrow or something be setup upon sell of the house for these fixes and we would work to g

Just finished touring an older home and really like it. Only drawback was a musty odor, which we couldn't quite place -- was it from smoking, from the recent paint job, or simply from the elderly nature of the home where it hadn't been ventilated in a while in a hot climate (or all of the above?). Our agent wasn't sure, and their agent said she "didn't know if they smoked or not." We absolutely don't want to live in a home that was smoked in for years, but we are in an extremely competitive market and don't have the luxury of going back for a second look, testing the air on our own, etc. Does anyone have any suggested contingencies to include in our offer to cover an air quality/tobacco exposure inspection and being able to back out if such is detected? ​ Thanks! submitted by /u/uberhenhao [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ckils1/contingencies_related_to_smoking/

Anyone using Tellus app? I'm a landlord and have been using them for a while to manage my property. I'm wondering if there are any other landlords using this and if they could share their experiences. submitted by /u/Arya_Jackson [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ckhiib/tellus_app/

We put in an offer on a vacant rental that’s now listed for sale. Listed on 7/22 for $250k, we offered $240k contingent on selling our house (it was listed earlier this month). Initially it seemed the sellers’ agent didn’t even want to present our offer since we are not loan pre-approved (we are only pre-qualified and will be pre-approved when we accept an offer on our home) and contingent. Now we hear that the listing agent says “the sellers are really busy” (sounds like he hasn’t even gotten a hold of them) and he still has no response from them and suggests because of our time frame, maybe we should look elsewhere. So our offer has now expired. We are currently negotiating an offer on our home, so we are considering reissuing an offer on the rental when we are under contract and pre-approved. It seems to us like the listing agent wasn’t trying too hard to reach the sellers. Or is it normal-ish to list your home for sale and bail? submitted by /u/garfodie81 [link] [com

I’ve visited 4 apartments in the past few days in a large metropolitan city. Each agent was very snobby. For example, one was always on her phone while giving me the tour and very unfriendly. The other was boasting about the price of his apartment. It just seemed VERY unnaceptable, especially for these so called “luxury” apartment complexes I was looking at (in the 1500-2200 1 bedroom price range). Has anyone else experienced this? submitted by /u/emilyy1996 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ckgk9o/why_are_leasing_agents_at_apartment_complexes_so/

So, I was out looking for a place to be done with apartments and may have put myself in a bind. It was my first time going through the process and I didn't notice the option period was blank on the sales contract, I'm in Texas. Anyways, I found an "as is" property and decided to move forward but after getting quotes on the repairs I've had a bit of a change of heart. Can I get out of the contract now or am I gonna be on beans and rice for a while? submitted by /u/InHolesAndCorners [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cki7cr/whoops/

So we're almost at the end of the home buying process, (not our first), but the appraisal has me annoyed. We won a house at auction, signed contracts. With our first lender we paid for the appraisal, it's 2 weeks late, appraiser recommends repairs to be made and underwriter required all. Seller won't fix anything and first lender doesn't do rehab, so we picked a new lender. Talked to the new lender about repairs needed and they said no problem, we can do a repair escrow. Paid for a second appraisal because they said they can't use another lender's appraisal, fine. Loan officer asks for all financials, even a contractors repair bid based on our first appraisal just to get the ball rolling (used him before for other projects and he did it from photos only). Second appraisal comes back and the loan officer gave the new appraiser, the repair bid from the old appraisal we were told they can't use, it was scanned in as a page in the appraisal. So in my mind, t

I own a 3 bedroom home and have started to rent out one of the spare rooms. In our lease I state that Electricity and Internet is additional to the rent. This is the end of the first month so I am trying to calculate the utilities he owes. I am a bit new to this and want to be fair but also treat this as a business. Is it fair to split the electricity bill and internet straight down the middle? I only occupy one bedroom and may consider renting out the other extra bedroom. Would it make more sense to charge him a third of the bills only? Not sure how to proceed. I use a little more electricity than him due to my electric car as well... submitted by /u/jespicy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ckh5dh/how_to_split_bills_when_renting_one_room_in_my/

We are currently under contract with a home in MI - using a rural development loan. Appraisal came back at value! (YAY! If you read my post history, we lost the last home due to a very low appraisal) It was marked as a private road and I’m not sure what happens next. The home is off of dirt roads next to a private lake and other houses. I’m trying to ease my mind that we won’t lose the house because of this. I don’t think a private road agreement is in place and from what I read it’s not required but an easement must exist..? Is this something only the sellers can provide and will it delay us greatly? We are so close to the finish line :( submitted by /u/kinkyaardvark [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ckh360/usda_rural_development_under_contract_for_home/

I've bought a home before, and my real estate agent gave me access to the MLS. He made a filter based off of what I was looking for (e.g. 3BD home with at least 2BA), but I could also search outside of those parameters and browse for myself. It was the FMLS if that matters. Fast forward 1.5 years, and I can't use my old agent because he's out of the biz. I'm chatting with a different real estate agent and she's saying that she'll look around based on what I told her I'm looking for and email me some houses that she thinks will fit. I asked her about access to the MLS and she says that the MLS is for agents only and there's no consumer-facing site/app for it. She also says that I can just send her links from Zillow or RedFin and she can set up showings (I guess by then plugging the address into her agent version of the MLS). This doesn't seem like the most efficient way to do things. Is she blowing smoke/doesn't have the right tools to do the j

Seems like a simple question but those are often misleading: I'm interested in getting a sales cert (have a broker-friend who'll sponsor me) to handle my own purchases and sales, is one online exam prep school as good as the next ergo shoot for low cost or is there a preferred company that has exceptional information? I tend to educate myself for knowledge, not just to pass a test, so information takes precedence for my values however if they're all the same than I'd just as soon not pay top tier prices for the same product. Any thoughts greatly appreciated. Further info about me: disabled combat veteran, connected with a great network of construction, finance and property management, coming into a good chunk of working capital and keenly interested in avoiding working with the low-quality individuals who seem to saturate the market in my region (as well as their non-value-adding fees). I realize the hubris in this statement but I could literally do this myself but

Hi all. First time home seller here. Our house has been on the market for 60 days now. It's currently on the market at $485k and it had a $10k reduction a month ago. It's had a couple open houses and 26 showings so far and is still getting showings about every other day. The first and only offer came in yesterday for $450k all cash. The buyer also happens to be a customer of my agent so I would only be paying the seller's agent commission on this. While the all cash offer with short escrow is appealing, our neighbor in the same community with the same floorplan and square footage closed last week at $477k and another neighbor just listed theirs at $550k. So it doesn't seem like we're priced unreasonably. Factoring in the fact that the commission is cut in half, this offer would be effectively around $10k below the most recent sales comp. So I guess the question is, should I accept the offer due to the lower commission (which my agent seems to want me to take) or

Hello guys, I really need some help on this. So, originally I was going to move in with my parents to this new house that my parents are still waiting to have it finish closing (papers and all). So I decided to change my mind and stay in the northern VA area since this is where the jobs are and I have few options for colleges. However, my mom wanted to transfer the loan to my name eventually (long story). Do I have to physically live in the house to have the loan and title transferred to me? This is for the state of Maryland btw. If I do, is there any way around this like a power of attorney or something since the house isn’t for commercial use it’s just my parents will be living there but I won’t. Thank you to anyone who can add some enlighten on this :) submitted by /u/bluestops [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ckfrqm/house_loan_and_title_without_living_in_the/

Hi, I had some questions for experts in land acquisition who are operating in Virginia and the Mid-Atlantic. What sorts of regulations do you encounter as you try to acquire land for residential projects? How does this differ from commercial projects? Where do mixed-use office spaces fall in this spectrum? Does this differ from from public works/infrastructure zoning and entitlements? Any help or leads to resources would be much appreciated. submitted by /u/JSPark13258 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ck8emg/dear_real_estate_and_land_acquisition_experts_in/

My wife and I live in CA, and have about $250k of equity in our home. We have discussed moving to a less expensive part of the country for quite a while, and it feels like that day is getting closer. We are also interested in having rental properties, and are wondering if this would be a good opportunity to start. Would it be a good strategy to keep our CA home with very good rental potential and rent it out when we move as our first investment property? Or would it be better to sell it to pay a significant amount down on a home in a different state, and save for our first investment in our new location? submitted by /u/paswicka [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ck89ir/keep_ca_home_as_investment_or_sell/

My wife and I are looking to buy a vacant lot in a developing part of our county to sit on and build when I retire from the military in 6 years. We've identified a lot as part of a 20 home settlement and had initial discussions with the developer. The developer is not a full time developer and lived on the land for years before deciding to develop it. We have not discussed official prices, but the asking cost is reasonable and she has indicated that she would accept any reasonable offer. I'm not currently represented by a realtor and to my knowledge she is not either. I have a few questions that I would be appreciative if the community can help me answer: 1) Is there any reason to get a realtor? 2) If I forgo the realtor should I get a real estate attorney? Or just contact a title company? 3) In a normal transaction (ie, buying a house) the seller pays the buyer's agent 3%. Is it reasonable to ask the seller of this land to pay for my real-estate attorney fees? Is is re

So we got a lengthy list of things wrong with a house we’re under contract in. I am worried I am being over the top asking for repairs but I also think these things should have been taken care of while the sellers have lived here. 1)The emergency drain pain has a crack and has actually rusted through so a new drain pain is needed. The starter on one of the three hvac systems needs replacing as its dead and running on the backup. There’s also some wiring that’s bad. That’ll al cost $3500. 2) there’s free water in the crawl space of unknown origin. 3) there are 3 large 2 story windows where the thermal seal is broken and the windows are cloudy another $3k. There’s also cracked siding/actively leaking sink (when it’s on) among other things. Is asking for repairs for those 3 major things asking too much? I would want an allowance so I could hire contractors after closing. I just don’t want to be a jerk buyer but this house is 510k and we are paying top dollar for what it’s actually worth.

submitted by /u/cooltaj [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ck5zpv/house_with_steep_slope_down_away_from_the_house/

If the fed do decide to cut rates this week, will this have any effect on the residential housing industrial national, on average. submitted by /u/HabeshaATL [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ck5f4r/federal_reserve_potential_rate_cut/

Hi, everyone. First time homebuyer, here! My husband and I live in California and are in escrow for our first home. We were fortunate to view the house within its first few days on the market, as it was getting lots of attention due to being in really great condition with several upgrades. We ended up writing a letter to the seller explaining why we really loved and wanted her home, and got the home exactly at listing price. The seller clearly took pride in her home and claimed to be very pleased we were getting it. Almost three weeks into our 45 day closing, we have already been conditionally approved for our loan and are just awaiting HOA documents to obtain a homeowners insurance quote. After that, we will be Clear to Close. The appraised value matches the listing price and we just had our inspection last week. Nothing major was uncovered during the inspection that would be a dealbreaker, but there were a few potentially costly repairs (such as a roof tuneup and some plumbing repa

Is 11% on a fairly safe investment a good ROI? submitted by /u/luciancahil [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ck3znl/what_is_a_good_roi/

I am supposed to close on a house tomorrow. As part of the contract, the seller agreed to "replace the dishwasher" after we asked them to repair it. At the final inspection today, the dishwasher has been replaced with one that is significantly older, rustier, and just all around shittier than what was there before (also a different brand if that matters). I am pissed, but the seller is adamant that because the repair list did not specifically say "replace with new dishwasher' they are off the hook. What are my options as far as this goes? It seems silly to lose a house over a dishwasher, but with that and various other shady repairs, I don't want to give these people a single cent. Is there a way to force their hand on this? If I refuse to sign at closing will I get earnest money back because we can not come to an agreement on their repairs? This is in NV. submitted by /u/sarcasticblender [link] [comments] source https://www.reddit.com/r/RealEstate/c

Hi there, I am writing because I am a beginner in Real Estate and I’d like to get some advice on how and where I should start. A bit about myself, I live in Toronto and work full time in a Big 4. I haven’t saved that much at the moment but I want to start hunting some deals to get the pulse of the market here in Toronto and the suburbs. I’d have some questions to start: I did some research online and I found the following trainings/communities focused on Real Estate investment and more. Some of them cover the financial independence topic as well. Question, do you recommend those trainings? Which communities and tools you recommend for a beginner like me in Toronto? — Grant Cardone (US) — Kris Krohn (US) — Matt McKeever (Canada) — Graham Stephan (US) — QLRR (Fr) — Theo Elliet (FR) Other posts I should read on Reddit forum to start? As a first investment in Real Estate do you recommend buy for myself or buy and then rent it? Do you recommend starting with an asset whi

TLDR: My husband and I are buying a home and found some discrepancies in two different copies of the MLS listing, the contracts signed by the seller and us, and discrepancies between the county assessors information on the house can what is on the MLS listing. Is this a thing that happens or should we be getting nervous? The full details: Over the weekend, my husband and I signed a contract to purchase a home. The document is called "Multi-board residential real estate contract 7.0" Lines 31 & 32 say, "seller warrants to buyer that all fixtures, systems, and personal property included in this contract shall be in operating condition at possession except:" then there is a blank line. Monday, when getting a copy of that same contract the sellers signed, the blank line had "sprinkler system conveyed as-is". We emailed our real estate agent to ask about the discrepancy. Her reply was, "It’s in the broker’s private remarks." and attached a co

Hello, I'm investigating if I want to invest in properties through auctions of tax defaulted properties. There seem to be quite some good bargains of terrains/properties for just a few hundreds dollars sometimes. It almost seems too good to be true. Is there any catch? I took a look at a bunch of properties the auction of which was expiring. I looked at the parcel information on the county website and the properties so far seemed in order for those auctions (a few hundred dollars back taxes due, but no big deal) What does someone that would like to take a shot at this should look for? ​ Thanks! submitted by /u/hayarms [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ck3aaq/tax_default_auctions_any_catch/

Might be a common answer. We have a listing/exclusive right to sell agreement in Texas. House was listed 4 days ago We have multiple offers. She has fallen off. She wants to rush rush rush for us to accept something but I can’t even get her to send me disclosures anymore on houses we like in a timely manner. Before we listed she had them over to me immediately. We’re not in a hurry to sell and I feel like if I can’t get her to help me find a house then why am I going to accept an offer that she’s rushing? Can I fire her? Should I just drag every offer out? Are we pretty much stuck with her once we accept an offer? submitted by /u/tx_blondie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ck38k4/when_can_i_fire_my_realtor/

We're FTHB scratching our heads at the current predicament. We are under contract to purchase a home. We were originally due to close tomorrow, the 31st. After county inspection, we learned the seller's finished the basement without permits. Closing has been pushed to September, to all our dismay. This was to allow them to get it up to par with the county. The County, being a dick IMO, is requiring them to remove every nut and bolt and basically gut the basement. We signed an addendum where they would redo the basement to the exact specs from when we signed the first contract, but with a permit. After agreeing to this and signing, the sellers now want to default. We don't know why. What are our options here? Our agent is countering, asking them to just gut the basement and put the cost to finish the basement in escrow after obtaining a quote. We could walk. But with school starting and our current loan expiring (is that the right word?) in Oct, on top of generally liki

One of my property’s is in a small rural area in WA. My lot has a trailer which I rent out to a couple and a fence down the middle of he lot to have an RV hook up. The tenant in the RV mentioned that he was looking for a place with a big garage (both rentals have large garages) and that he has retired from his car bodywork/ mechanic shop and was looking for a place to be able to bring some of his fixer uppers and work on. Before he moved in he asked that he could have a couple cars to work on, we talked about how many and I believe we said 10. I just found out that he has over 30 cars on the property and now my property manager wants to raise the rent but $600. My concern is the possible damage it could do to the yard or what it would cost if he ever just decides to pack up and leave without taking them with him . I haven’t heard anything negative from the neighbors (my other tenant and someone who loves behind the lot). They told me he has a lot of cars but he seems like a friendly

I was offered to manage some coops and condos. And I havent managed these types of properties before. Not sure what specific requirements I need to do or if anyone can guide me in the right direction. submitted by /u/BrokelynNYC [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ck0tmq/anyone_work_in_management_for_coops_or_condos_new/

https://imgur.com/a/yRSACV3 Hard to not feel like the seller is on tilt here submitted by /u/CuminyaBrosTwitterin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/ck1xjv/what_would_you_think_is_a_fair_offer_on_a_home/

Hello! I am moving out of state and renting a town home from an owner through a real estate agent. I signed a lease last week that stated my lease begins August 1st. I have begun my drive to the new location only to be notified that the HOA approval process can take up 30 days and that my key may not be available to me on August 1st now. The lease is "contingent upon HOA approval" and that is about the only part that seems to apply to my situation. The real estate company has First and Last month's rent plus a security deposit equal to one month's rent. There doesn't seem to be any clear rhetoric explaining when the lease becomes active and when my funds are no longer refundable. The HOA is poor with communication, my realtor only tells me things when I put pressure on her, and I have heard nothing from the realtor who the property is under and the real estate company that is holding onto my funds, assuming they are not dispersed yet. ​ Here are my questions:

To an extreme. Property in question is current on the market for $440,000. It had a $10,000 a price cut about a week ago. Open house Sunday. No other offers to date, but reportedly showings coming up still. We put in an offer at $430k, contingent on selling our condo after much debate with the realtor. Realtor does not think that the seller will accept our offer due to the contingency issue. Our place is not currently on the market. Any thoughts on this? I dont want to put my place up without an accepted offer as I need a place to live... And I dont want to put it up and then have to buy a house within a specific time frame (looking in only 1 relatively small town and have no reason to move ASAP). submitted by /u/roger320 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjzs7l/realtor_pushing_for_an_offer_that_is_not/

Vacasa recently began administering the HOA for a property I own. It is currently a short term rental friendly residential community in a popular vacation destination. Will this change the neighborhood dynamic to more of that like a condotel with warrantability issues? I currently use a local company for STR management, as it has better rates and a better contractor network. Has anyone else switched to the HOA management company for STR management before? Any benefits or discounts? Has anyone had direct experience where Vacasa’s dynamic pricing increased revenues over standard pricing models? submitted by /u/VacaQuestion879 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjztks/vacasa_manages_hoa_should_i_give_it_str/

We bought our home in December. We have had plumbing issues since we moved in. The man we bought the house from owns a company where he buys houses, and essentially flips them and sells them, he also acts as the agent. Every time we called him, because we were told that we had a one year home warranty, he would send one of his guys. So far they have ground tree roots from the pipes through the toilet and replaced the piping from the bathroom to the septic tank. When they replaced the pipes they had to drain our septic tank as it was full. That was last month. Well, over the weekend the toilet backed up again and my fiancé had to hand pump it out from the vent pipe? in the ground so we could flush the toilet. Yesterday a plumber came out and had to pump the septic tank again(remember after just one month) and told us our field lines were likely clogged and our septic tank needed to be replaced. The house was built in 1956 and we believe it’s the original septic tank. We did not know

I am buying a home. The appraisal came in $10,000 less then asking price. I challenged the appraisal, and got the same amount. I asked the seller to come down to appraisal price. It's been 5 days with no response. Can I legally ask for my earnest money back now so I can pursue another property? I have asked my realtor this as well, but she hasn't responded to me in the past 3 days. How do I ask for my earnest money back? I will request to terminate my agreement with my realtor as she has had communication issues from the get go. submitted by /u/cassielee1981 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjzqu8/realtor_isnt_responding_to_low_appraisal/

Assuming no major repairs or upgrades are needed, what are your usual expenses of having to replace a tenant? submitted by /u/falsetart [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjzfwv/how_much_does_tenant_turnover_usually_cost_you/

I'm looking to buy my first home and I'm looking at a property tomorrow. It's about 1500sq ft, bit dated inside, but roof and siding is new. I'm about a half hour from work and the big city area, which worries me a bit (wonder if I'll get bored). The house itself is one of the cheapest in the that's lakefront at $250,000. Catch is I only get 15 feet of lakefront (land lot is cut kinda funny). This would be my first home, and probably not my forever home. I work a job where I'll get pay increases over 4-5 years, and I'm wondering if, despite a small frontage, if this could still be a good investment. I know it's a seller's market right now, but I thought lakefront would help for resale. House has been on the market for about 30 days. Oh, and always, advice and things to keep an eye out for a appreciated. Thank you. submitted by /u/dedede666 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjmsq0/lakefront_prop

Does anyone has some simple advice for dealing with seller's realtors when I don't have a buyer's realtor? I usually get told to get a buyer's realtor before they will give me information on the house they are selling. One realtor has straight up ignored my info requests but then dropped the price of the home by $10K. Rochester, MN, if that makes a difference. submitted by /u/MNCPA [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjmof3/mn_ignored_by_realtors_without_a_buyers_realtor/

We are locked in at 3.25 for a 400k home using the VA. I am putting down 45k to bring the mortgage to 1900 a month (including escrow) but bah is 1700. Combined net monthly of about 7500, no kids, no other debt, no car loans. We have a rental that makes 200 a month as well which I am thinking about selling (90k equity). Is this crazy? I'm usually super under budget on mortgages (15-20%) but in this new market it's hard to get something decent. We also are trying to retire in this area if the USAF let's me. submitted by /u/peepeeopeee [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjlpe9/i_think_i_can_afford_this_but_im_not_sure_ive/

Continuing my nightmare story of my idiot realtor and the assigned purchase contract... We're supposed to close FRIDAY on the sale of my house and my realtor JUST sent me an estimate he got last week for retrofit repairs needed to get a Certificate of Compliance -- about $1,000 worth of work. My question: can we close before the repairs are done? At this point I'm too exhausted to fight over paying it -- it's an as-is sale, it's clearly spelled out that seller is to make no repairs and we will provide no credits, etc. Whatever. Fine, you win, I'll pay it, I just want to get this done and get this guy out of my life. But do the repairs have to be completed before we can close the sale? Or can we credit the buyers the amount of the estimate so we can close and I can make the closing date on the house I'm buying elsewhere? submitted by /u/watchale_wey [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjm7qk/los_angeles_certificate

I have my life 100% here in japan. My family is here, my son is here, my job I love is here. I own a house in America that I’m considering handing over to a rental-maintenance company and letting them handle it while I collect passive income. From what I’ve read this is 8-10% My family used to own a business in Kentucky, and I’ve got some money from there that I could use to buy a few small properties and do the same with if my personal house did well. My house is in a university town, and I’d buy them all in that town. I’m sure I’m missing something. There must be a downside to doing this but I can’t see it. If I could add $2500 a month or more to my salary life would be so much easier. What am I not seeing? submitted by /u/kyoto_kinnuku [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjlwzh/thinking_about_getting_rent_income_and_living/

submitted by /u/Carlsinoc [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjlmgv/thinking_of_moving_around_phoenixaz_with_150k/

I live in Northern California (grew up in paradise and now live 30 miles away) have had a strong interest in real estate for several years. I recently obtained my real estate license because it was easy enough but I don’t intend to be a salesman due to the large time requirements and struggle to obtain business. However, I want to maximize a 20k ROI. I’m currently renting and have very good credit. My wife and I keep going back and forth whether we should buy and hold, or wait till the market takes a dip, or become landlords our selves. Our budget is 250k max and would prefer to stay under that. Any advice to help us grow is appreciated. submitted by /u/Camojro [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjlu2s/how_to_invest_20k/

After applying with a new company, my husband and I decided he should walk into our bank and ask to speak with a loan specialist. This all happens with my presence represented by a cell phone on the table, as I couldn't physically attend. Short story is, as soon as we asked them to show us where we defaulted on our credit card, they said they'd "allow" us to appeal the situation. Now, at this point, I'm pretty pissed. So I told them that while we will be appealing the situation, I still wanted to know where exactly we have even had an officially late payment. At this point, the lady just begins profusely apologizing; still no explanation. We ask her to print our entire payment history. It aligns with my memory of the subject; there's one payment, the first, that is four days late. All other payments were made on the 1st of the month, with the due date falling on the 9th. The only place this all broke with my expectations is that when we negotiated for a lo

submitted by /u/DogsBlimpsShootCloth [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjlmlb/ive_been_waiting_60_days_since_the_original/

So, I’m looking to sell a house I’ve been living in for the last three years after finding a new home a trying to grow my family. Long story, short. I moved into a family home before my grandmother passed away for college and to keep my family expenses down. Got divorced and bought the house from my father and his brothers after my grandmother passed away. I’m still not sure how the house passed a VA Appraisal. The house was bought for 55k and appraised for 61k. While it has a new electrical box, it has old knob-and-tube wiring, that has hazards that run to the garage. My father put in a claim for roof damage before I moved in (kept the money) and said I should take out extra to replace the roof. There’s water damage, but not specifically because the roof is bad, but because the roof was not put on correctly and the valley the runs above a front room overlaps incorrectly and water leaks in. I assume there’s mold in parts of the attic. There is a broken support beam in the attic of

Hi all, located in FL, USA. A month ago, I was behind 3 months of payment and received a “Notice of Intent to Foreclose” letter stating I need to pay by the beginning of August all 3 payments, or else they will start the foreclosure process. Two weeks ago I made one payment and today I receive a letter saying I am now 2 months behind and can pay by the end of August, giving me almost another month to pay. I understand from this that if you catch up on payments, the foreclosure process gets pushed back as well by each month you pay. So can I make late payments indefinitely pushing back on the acceleration to foreclose date? I know my credit will take a hit with the late payments but this is the only thing I can afford to do right now. submitted by /u/pinpuku [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjjtio/received_notice_of_intent_to_foreclose_delay_as/

Hi all, just here wondering if you think that an agent driving a 2-door coupe such as a Jag F-Type would affect business at all? Would it turn customers off? Thanks. submitted by /u/itzAspen [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjk8lf/does_a_car_affect_business/

Really like this house, it’s in a hot market, but was WAY over priced. I made a significantly lower offer, and the selling agent scoffed. Didn’t even counter. The selling agent is ALSO co-owner of the property with some of his family members. 5 days later, he re-lists the house with a 10% drop in price! So I resubmit a significantly higher offer, he counters (barely) and then holds an open house. So tonight I finally submit a best and final offer and he asked for “a few days to get a hold of the co-owners.” It’s 2019. A real estate agent can’t get a hold of his real-estate agent family members to sell a house? I’m being played right? Is he looking for better offers? Am I being reasonable saying I want an answer within a day and a half? submitted by /u/captainzorno [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjl2xj/put_an_offer_on_a_house_and_the_seller_asked_for/

Hi there, I own a home in Colorado which borders an irrigation ditch. Previous to our buying the home 4 years ago, the previous owner of our home granted verbal permission which allowed for our next door neighbor to place an irrigation pump on our property, and lay an irrigation pipe under ground that runs through my back yard and to their irrigation system. This may have been as early as 13 years ago, but maybe up to 16 years. Our current neighbor is moving, and the prospective buyers would like to continue the arrangement between the previous property owners regarding the irrigation line. We always enjoyed a great relationship with our previous neighbor, and she verbally stated to us that she would always repair the line should something go wrong. Our issue is that there was never a written agreement that outlined the maintenance of the pump, electrical, or irrigation line. It is our contention that the new owners who solely benefit from this irrigation line should be exclusively

My cousin is moving to Germany. She and her family are going to sell their townhouse in Colorado within the next three months. I have been playing with the idea of getting a rental property for over a year now and she says she would be happy to sell it to me. I started looking into it and oh my gosh are there a lot of questions to ask. Here are the ones I have so far: Can I buy a rental property without 20% down? Everything I am reading says that is necessary and that PMI isn't offered on rentals, but I have a much older friend who owns properties and he says it isn't required until you have more mortgage debt. Do investment properties add ~1% to the APR of the loan? If a mortgage APR right now for a home-buyer would be 4.125%, would mine be 5.125%? Since this is a sale within a family, how cheaply can the house be sold to me? I have extremely high trust with my cousin and would be happy to do whatever is the most cost-effective sale process. What other questions should I

hello, I am a young man trying to make the jump from paying rent, to paying a mortgage. Instead of buying a house, I'd like to go with a condo, as they seem to require less maintenance and i hear is a good investment for a first time homewowner. I am aware of H.O.A fees. ​ If i get pre approved for a bank loan, i am looking to buy a two bedroom condominium, with the short term goal of having a friend room with me in the second bedroom and basically pay the majority of my mortgage, and the LONG term goal of eventually owning the condominium, and leasing the entire thing out to someone while i move somewhere nicer, hopefully with my future supermodel wife or something, and having the condo pay for (most) of my current mortgage. ​ I plan on buying a 2 bedroom condominium in a cheap part of massachusetts, as i've noticed that a 120k condominium there would sell for about $300k in a nicer area of MA, and since i have no children, i have no interest in the school systems or crim

We’re in a pickle here in Chicago — We moved into our unit June 29th and upon the first rainfall noticed we have a roof and ceiling that is leaking in our bedroom closet. We notified our landlord that same day (June 30th) and he said they knew about it. Almost a month later we still have the leak. I notified the landlord on June 18th we understand to withhold a reasonable amount of rent unless it is fixed. We are prepared to do this, but one question... How do we determine a “reasonable amount” to withhold from our rent? Any other tips? submitted by /u/hm1023 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjkc45/tenant_rights_with_a_leaking_roof_and_ceiling/

I am about 3 years into my 30 year home loan and my wife and I are considering downsizing. My home has risen in price about 40-50k and we have made 3 years of payments. My question is what it looks like to sell it and move to a new place, we really only have 7-8k behind us so trying to see if this is possibility. Thanks for any help! submitted by /u/dutoisj [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjk235/considering_downsizing_need_a_little_advice_az/

I read the contract line by line and it took us several hours to complete the paperwork with the bank. It also took several managers with the bank. We all realized that there was nothing in the paperwork that explained how the construction loan would convert to the permanent mortgage. Instead we had specific dates in the contract when the construction loan would convert. The construction loan was nine months and the conversion would occur in March 2020. In reality, my house will be ready to move into in September. No one seems to know what to do. What should I do? submitted by /u/dogs42 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjk17v/construction_to_permanent_mortgage/

submitted by /u/nightn1ght [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjjqn8/a_friend_bought_a_town_house_less_than_6months/

And wants us to resign. Some background: We just signed a lease approximately two weeks ago for a apartment in NJ. Lease began on the 27th, we paid all required security deposits, rent, fees, ect.. Additionally, our rent is 2900 after a concession by the landlord of 200 a month. Landlord counter signed. Easy right? Today, the landlord gave us a call and said that their legal department did not like that our lease stated 2900 and rather it should say it is 3100 with a 200 a month concession, that we need to re-sign the new lease. To me this is abnormal, you signed a contract too bad. Can anyone give me any insight into this? Does the landlord have an legitimate motivation for this change? submitted by /u/AdVentureCorp [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjjlik/landlord_revised_lease_after_signing/

I'm in Texas. Basically boyfriend lied to me and said he's been taking my money to help pay for rent. Recieved notice today that rent hasnt been paid for months. I'm too scared to confront him as he can be abusive and aggressive. Should I speak to the landlord first or will that make it worse ? I don't want to get evicted . Or Should i seek legal help? submitted by /u/texasgirl300 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjinsp/bf_hasnt_been_paying_rent/

https://www.reddit.com/r/WatchPeopleDieInside/comments/cje374/devastating_loss/ submitted by /u/pakrisio1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjibss/kid_is_learning_a_valuable_lesson_taxes/

Hello All! My wife and I are starting a wholesale business in Kansas City. Looking for recommendations on a RE Attorney to help us create and maintain contracts as well as general RE legal counsel. We have an investor lined up for dispositions and really just need a good contract to use to approach sellers. Thanks in advance! submitted by /u/IdeasForTheFuture [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjchbx/suggestions_for_re_attorney_in_kcmo/

I live in Florida. We've rented our home now for 7 years. The homeowners live in the Midwest. About a year ago the homeowners mentioned they'd be willing to consider selling the house to us, and we replied that we would also be interested in buying. They said, "Make us an offer." Real estate prices in the area are going up so we want to move on this, but what is holding us back is "making an offer." We have absolutely no idea what to offer. Yes we can check comps in the area but most of the homes have been recently renovated and our house is stuck in the 70s. After living here for 7 years we have a very good idea of what work needs to be done, but how do we put price tags on those things, and how do we know what kinds of work should be deducted from a possible purchase price and what should not? Could we hire an appraiser on our own and would that be a good way to come up with an offer? Are we correct to think we could possibly do a sale without a real e

My wife and I are wanting to buy a house from a guy and his sister who's mother just passed away and they inherited the house. They want to sell it by owner so they can get the most money out of it. The issue is they don't know anything about the house as far as disclosures go, and claim they can't find any of the paper work from the previous sale to look for previous disclosures (This is kind of believable, she owned an antique shop and there's a lot of stuff in there). I don't get the sense they are trying to pull a fast one on us, but I also want to be thorough. We live in Kansas, and can't really find any information on this. Of course we'd hire an inspector, but on the off chance we get a bad inspector, or something is missed, we may be stuck with something potentially bad. Any advice on anything related to buying FSBO would be really appreciated. submitted by /u/ModernT1mes [link] [comments] source https://www.reddit.com/r/RealEstate/comme

I have around 200k in cash should I focus on multi family, flips, auctions, single family rentals, brrrr? I’m really just a little overwhelmed with the options I have I noticed having this much cash in a 150k median home market is an advantage and want to know how I can best approach this submitted by /u/bbreezy62 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjawd7/what_investing_strategy_should_i_use/

We were looking at building an addition to our house vs selling it and buying a bigger house. During the process, we looked at a home equity or refinance to fund the addition. The bank sent an appraiser out and he appraised our home for $130k. On the other hand, our real estate agent ( we've spoken to 3) agree that we can sell it for about $150k. They aren't concerned with our previous appraisal amount. Is a purchase appraisal going to be different than a refinance appraisal? I personally feel the $130k is low because we bought it for $134k 12 years ago and it's in better condition now than then. But I don't want to price it out of the realm of possibility, either. Any insight would be great. submitted by /u/JalapenoTampon [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjbf0t/help_me_understand_the_appraisal_process/

First time home buyer. Know little about the process past the offers, contract and closing etc. Do you receive a property survey of your property or is that done by an inspector etc? How do you end up determining where your property ends and a neighbor's begins etc? submitted by /u/PetiePal [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cjbmui/do_you_usually_get_a_property_boundarysurvey/

I lost a close family member last year and have been serving as executor of her estate. I'm in the process of closing the estate account, and my brother and I recently received the deed to her home. Since her passing, I've been renting the property out to another relative, whose lease is set to end on Oct. 31. Around that time, I'd like to sell the house. I have a few questions: At what point should I hire a real estate agent? Should I start reaching out to people now? The upstairs and basement have a lot of items (furniture, etc.) that needs to be cleaned out. My relative only uses the first floor. Would hiring an estate sale/cleanout company make sense? My brother and I will need to go through the items for personal effects first (photos, etc.), but I don't think either one of us will want/need anything else. Not sure if the real estate agent would be able to advise on this. Any advice on when I should time the listing with my relative's scheduled move out

My boyfriend wants to buy a house soon and wants me to move in with him. However he wants me to also pay him rent. I don’t feel comfortable with this arrangement because I’m not familiar with how this would work. I think it’s risks as the house would not under my name and we are not even married. I wouldn’t like to get kicked out if he’s ever mad at me because it’s his house. submitted by /u/SlothBell_12 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cj6sq2/paying_my_bf_rent_for_his_mortgage/