I want to buy several rental properties, how do I do this strategically? I want to be able to rent them out and airbnb them. How have you approached this? What are your methods for finding a good rental property? What’s your criteria for a potential rental or airbnb property? How do you find good tenants ? submitted by /u/Diligent-Win-4725 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11e94yd/what_is_the_best_strategy_for_buying_rental/

We're in the process (in escrow) of buying our first home and are working with, from our experience so far, a great lender. Given this is all completely new to us, there's a lot of confusing bits. Particularly this, which I'd love thoughts/advice on. We have been planning for a 20% down payment in cash. We locked rates this week. Our lender mentioned that if we wanted to, we could put 10% down in cash and then said "you have room for a 10% HELOC". I honestly have no idea what this means for us, and am inclined to just carry on with doing our planned 20% cash down payment. I understand it would be an additional separate loan, and perhaps that's why I'm also inclined to say that this process is stressful enough without going into even more confusing territory. I just want to make sure I'm not missing something beneficial because I don't understand it. For additional context, we live in a HCOL area and are fairly focused on keeping our monthly paym...

Is the "can I cancel our contract?" a fair question to ask before signing? How is it received by agents? submitted by /u/luckyshot33 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11e4de0/question_to_ask_before_signing_listing_contract/

Hello! I have been a landscaper for 8 years and some of my best clients have been with insurance agents. Now that it has been winter I don't have much work outdoors. I am curious to what an agent would be interested in other than landscaping/lawncare. I have many other skills that could benefit them. I have been a framer for 5 years and have done remodeling for 3. I can learn the work that needs to be done. I am young and trying to follow the money, What could benefit an agent? submitted by /u/SordidSouvenir [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11e1i1u/what_kind_of_work_am_i_able_to_find_calling_real/

I recently bought a home in Alameda County in the SF Bay Area. I discovered that the tenant's of the previous home owner did not pay their garbage bills from Waste Management and now the charge was added to my property tax bill. The charges are from 2021 but they just recently sent another invoice to our address for 2022. My question is, am I still liable for their garbage charges even though I was not the owner of the home at the time the tenant was in there? What's my next course of action for these charges? I've talked to Waste Management once before and they said to contact the tax assessor who said to contact Waste Management. Who is legally responsible for these charges? I couldn't find anything online about the legality. Any help would be appreciated. Thank you. submitted by /u/contrived_dichotomy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11dzva8/delinquent_trash_bills_from_previous_owners/

Long story short, my friends wife cheated/abused him multiple times and turns out to be the biggest scumbag. She even did things do his parents. My friend has the house under his name and she is not on the title. They are getting a divorce. How do we sell this house without her getting a single penny? submitted by /u/jrock4389 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11dcb6n/how_to_sell_the_house_with_a_cheater/

We're selling our place and are set to close on March 2. My mortgage payment is due on March 1. Do I still have to make this payment or will it hurt my credit? Rather not piss away $700 of interest if I can avoid it. I wouldn't get hit with a late fee until 3/10 ​ Thanks! submitted by /u/hermanjonesy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11daeou/likely_a_stupid_question/

I’m trying to buy a family home from my aunt. The house is not in my area so I can’t say it’s my primary residence. Same state but 170 miles away. I talked to a lender and he said I can get a loan but as a second home. The issue is the house needs about $50k in work and the lender said I can’t qualify for a 203 loan since it’s not a primary residence. Since I’m using a loan to buy the home, what are some ideas to finance the $50k in repairs? submitted by /u/CompleteShoulder5434 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11d9r5e/buying_family_home_needs_a_lot_of_work/

Hello, I'd like to sell my SFR at 30% off current valuations. for three reasons. One, because I can afford to. Two, because it will help a real family attain affordable housing in this crazy Floriduh market. Three, because I am hoping the sale will provide a low comp in the neighborhood and thus lower the value of my vulgar boomer and short term rental freaks neighbors' properties. I am wondering if there are any flaws in my thinking. Would an appraiser have to consider my low comp sale if it's a qualified legit sale? Besides lower capital gains, are there any tax advantages to selling at a much reduced price than current FMV? Thanks. submitted by /u/DeepJank [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11d8b51/selling_well_below_market_value/

I have made an offer to rent a flat. Agent asked me for deposit to take it of the market. My income isn't great but I can afford the place, it has been 2 days Indiantown hear from the agent. He said landlord will decide in a day or two. They don't reject or accept the offer although they reduce the property price by £3 If I pull out and look for another flat I will lose my £400 deposit. Is there anything I can do? submitted by /u/EskimoNorthen [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11d7mff/is_this_legal/

Have a contract for $590k in a house in Rodney worth $690 worst case as is. $30k max Reno would push it $750 min, finance is up 28/2 at 5pm but can transfer to nominee, anyone done this or interested? Builder checked it out, could do new roof, benchtop update, carpet. Has heatpump, painted, tidy 3 bedrooms, rent 500-550 as is submitted by /u/Initial_Pilot_1250 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11d7cq9/sell_contract_to_nominee_cant_get_finance_in_time/

Hi, I'm trying to estimate cost of building a 6plex with standard finishes. I am imagining a 3-story building with a basement. Around 1100 sqft per apt. These are 2bed 2 bath Apts. I have the design for each apt, and I'm working to get the design for the building done. To be at a place where I can get valid cost estimates, what else do I need to consider? I can go to a builder with the plans to get cost, but I want to be prepared for all the questions they might ask. To be honest, I just want to know the process and maybe the bare minimum cost to get a structure like this up in my area. Thanks submitted by /u/MercyFive [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11d65tx/cost_estimate_for_building_new_sixplex/

I’m a first year undergrad student, currently living off campus that’s 23 mins away from my classes. A 4 bed/2 bath apartment I found is 15 mins from my classes, closer to groceries and my part time job. There are buses at both locations, the buses at the new place could take me straight into campus, but the bus I have right now only takes me down the street and I’d still have to walk 10 mins into campus. I’m in Kingston, ON and I’m not used to such cold and snowy/icy winters since I’m from BC. I think I can get used to walking in these weathers later on, but is it worth it? Downside of the new place is that the room will be unfurnished and my current room came furnished. Will spending $1k on furniture be worth it if I’ll most likely leave after I graduate in 3 years? I’ll also have to try to sell said furnitures by then. The new room will also be smaller (8.6x9), my current room is 15.75x11. Rent will be $50 more, but this is not really an issue. submitted by /u/student130 [li...

In general I understand that land designated agricultural has a lot of latitude on use. There is a larger lot nearby designated as Unimproved. Could someone explain the main differences? There's not a lot of info easily accessible online. submitted by /u/schillerstone [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11che5s/what_are_the_major_difference_between/

Both the rental and sale market have been all over the place in my area in the last 2 years. I’m moving and had originally planned to rent my house. However, my area (a vacation destination for people in the NYC area) has seen a 60% increase in available rentals in the past year due to AirBnB and other sites. Rental prices are down. However sale prices are fairly high with not much change with interest rates. The realtor suggested we list with both a sale price and rental price. Has anyone done this? Are there downsides I’m not thinking of? submitted by /u/Parking_Goal_3301 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11cgm81/listing_as_rental_or_sale/

First time home buyer/investor so any advice is helpful. I am looking to purchase a property soon (active duty using VA loan). I will be moving in 2025 because of military so I plan to either rent it out if it makes sense or just sell. Here is a brief summary of the markets I'm looking at. Region A: high demand, low supply. Influx of old 50-70yo semi-retirees coming from NY, midwest, CA due to warm weather and bc it's along the water. 3BR/2BA houses that were 200K in 2020 are now selling for low to mid 300s. Small town that is heavily occupied by military and retirees. I could probably get ~2200-2300 on rent. Mortgage+prop taxes would be around $2K for a 300K house. I know there is also insurance, maintenance, capex, prop mgmt fees, hence the negative cash flow. But in my eyes, I put no skin in the game- I put 0 down, maybe some money in closing cost (but my realtor tells me the seller will be able to cover my closing) and the VA funding fee can get rolled into the loan. So w...

So, since Real Estate apps like Redfin/Zillow allow anyone to search for a house by location, size, and price, what is the best strategy for pricing a house so it appears in searches more easily? Amatuers may specify a search up to $500,000 which leaves out anything over $501,000. Someone suggested Just under a "Round number" $499,999 instead of $ 500,000 or $510,000, 515, etc. Would you then suggest pricing only with "49" and "99" endings. ($449,000. 499,000, etc) at the risk of not being "seen" by a search? submitted by /u/35242 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11c8bcn/pricing_house_for_sale_in_the_age_of_zillow/

submitted by /u/illjustbemyself [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11c7wel/im_looking_for_fixer_uppers_how_do_i_find_them/

I have my first rehab project ongoing, and have plumbers/electricians/drywallers all in the house overlapping. One of them just texted me saying he can't find one of his tools that he had left there and asked if I can text the others to check if they accidentally took it. I texted everyone, but had no luck tracking it down. What's the right approach here for me, as the owner who hasn't really been on-site much? Split the costs? Am I liable? Moving forward, any tips? submitted by /u/rwcg2d [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11bo4aq/how_do_you_handle_jobsite_issues/

Zestimates historical value shown for this property: Feb 2023 $989K Jan 2023 $989K Dec 2022 $818.7K Nov $845.1K Oct 2022 $849.1K We put an offer in for this house, but the seller believes they will be able to sell the house at full listing price. According to Zestimate, properties in this area had a ~17% increase in price at the start of 2023 compared to end of 2022. I researched comparables in the area, and can't find anything that sold for near that price in this neighborhood. How do prices reach peak levels when the market everywhere is cooling off? Has anyone else experienced this? Or am I going to need a reality check? submitted by /u/BlueQuizzicalClocks [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11blrr9/zestimate_and_redfin_estimates_overpricing/

If you are a buyer in the DFW area that buys million dollar ARV’s shoot me a message submitted by /u/Glad_Rate76 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11blcgp/million_dollar_arvs/

GET THE EXCITING PROMO AND DISCOUNT In February 2023 *conveniences *Security *Amenities *Low maintenance cost *Investment What do you need as of the moment? What type of lifestyle do you prefer? What is your financial capabilities? For Inquiries Contact Property Specialist Chris Lopez Tnt 09855474834 WhatsApp 09267764235 submitted by /u/Chrislopezrealestate [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11bk10k/preselling_and_rfo_available/

Hi - was hoping this group could help me think through a situation I find myself in. My wife and I are both 32. Purchased our home a few years back, refinanced at lower interest rate, and knocked 8 years off our mortgage. Student loans paid off. Cars paid off. Only debt we have is our mortgage. We have 1 daughter, and looking to have another child soon. The situation that I find myself in... My grandfather recently passed away. No one in the family really wants to purchase his house. I have 60k in stocks/bonds sitting here... My dilemma - do i cash out my bonds/stocks, and use the 60k as a down payment. That would leave me with about a 2k a month mortgage, and i could rent the property between 2500-3k a month. The only thing really stopping me is nerves. Do i invest 60 k into a property that i then have to rent and maintain? If i dont, i am worried i will kick myself down the road. Thoughts? submitted by /u/Holiday-Net9772 [link] [comments] source https://www.red...

Greetings y'all! I've been researching Tax Deed Sales here in FL and I have a few questions I'm till unclear about. When you go to the Tax Deed Auction, are you bidding UP the prices, like a normal auction, or bidding DOWN the interest rate on a Tax Lien Purchase? Assuming you "win" the Auction, you pay for it at the time and then get the "Deed" to the property, which entitles you to "use" it. However, as I understand things, the TITLE does not convey with the DEED, per se. If I don't have "Clear" and/or "Insurable" Title, what happens? How can I tell if there are any Title issues before I purchase the Deed at auction. Title = Collection of intangible "Rights" to a property, but no physical document. Deed = Physical Legal Document that allows someone to physically access and "use" the property. How can I ensure both are good to go after purchasing the Deed at auction? Thanks. Cheers! submi...

I'm used to seeing rather high monthly maintenance fees on condos for sale lately, especially if there's a pool in the complex, so why would a really nice townhouse in a pretty good neighborhood WITH a pool onsite have a ridiculously low one??? Is there some other arrangement with townhouses, like the complex doing less of the exterior work? I'm talking $80/month versus the usual $200-300 for a condo with a pool. Thanks for any insight! submitted by /u/2thebeach [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11aqaz8/suspiciously_low_hoa_fee_on_townhouse/

All real estate agents have been pitched on Facebook ads, and e-mail marketing and simillar stuff. It's always the same thing with hardly any results. Agencies aren't offering what you want to buy, they are offering what they want to sell. What is the service that most real estate agents want and need in the digital marketing space??? submitted by /u/Creative_Bag_9071 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11ap8f1/real_estate_agents_are_sick_of_social_media/

Hello! Currently living in Florida if that helps any. My roomate came to me about a week ago stating she would be moving because the other roommate had lost his job which he shortly got back after a few days. I then got the ball rolling and my boyfriend and I decided to get a studio in the same complex here. He applied and put down the money needed and got the studio for march 31st. The problem is I cannot be added to the lease without being off my current one. Our current lease ends March 6th and the new one will begin. I brought the release form to her but she has yet to sign it stating she is looking for a new roommate because she now doesn’t want to movie . Do I have any options ? submitted by /u/Best_Insect3936 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11aoyju/roomate_and_release_form_issue/

Hey all, First time poster as I and my fiancee (mid 20s) have been looking for a house in the south New Jersey area for some months now. There are a lot of seemingly flipped houses down here in our range that we have seen and are willing to offer on, but if the tax is appraised to the value we would possibly buy at (in a specific case, raise the tax value from 100k to 300k) we would be paying way more for this house than I would want to. When I asked my realtor about this, she said that the tax value is safe unless "they do a reassessment in the township which is unlikely". Is she correct here? I was under the impression that assessments are a part of the buying process? submitted by /u/amnycp [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11anxty/tax_apprasial_vs_current_value/

I'm in my mid-20s and am looking to buy my first residence within the next year or so. I'm deciding between a condo that I'd live in by myself or a duplex where I could rent out a unit and live in the other. Depending on my life circumstances, I've been thinking about keeping the property as a rental once I'm ready to upgrade. I'm a big believer in value investing, and I'm wondering if the aforementioned type of real estate investing falls into that category. My biggest concern is that much of the growth we've seen in the sector over the past 50 or so years hasn't been actually driven by value growth. I think this is especially true over the past 20. From my understanding, the modern real estate market began in the 1930s with the invention of the modern 30 year mortgage with a refinancing provision. This type of mortgage probably wouldn't exist without heavy government subsidy. In my lifetime, the artificially low interest rates have also pushe...

Just looking for some opinions. Looking at a home that’s been unoccupied for sometime. Owner had a medical emergency and never reoccupied. Home would be sold as it stands, which includes most of the persons belongings. It is in quite a state of disarray, but not structurally unsound. It definitely needs paint, new flooring, landscaping, and it’s likely never been updated inside. My question is, how much would the above mentioned devalue the home from its appraisal value (which hasn’t been done yet). Trying to get an idea of a reasonable offer off the estimated value, for the work that would need to be done. Comparable homes in that area have been selling anywhere from 300k-400k but are also updated and not unkempt. Any opinions welcome! Thanks! submitted by /u/ecook126 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119wx7r/home_actually_as_is/

Is a townhome a good rental property ? The current value is $210,000. Currently the HOA fee is $200 a month and taxes around $5000 a year (winter and summer). Properties around me are being put up for rent at around $1500 a month I’m currently living in it with hopes to pay it off and rent it out. Does anyone have experience with townhome rental? Is it worth it ? submitted by /u/Future_Trifle6525 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119voel/condotownhome_rental/

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/

Has anyone bought in this community? Looking at specifically the Chroma models, but open to hearing about the others (Matrix, Aspect, Lumiere) as well. Curious about your purchasing experience, highway/Tesla noise, smell from the Milpitas landfill, crime (package theft, car break in, etc.), traffic, and generally living there. submitted by /u/Driice [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119tnbn/lennar_innovation_at_fremont/

I want a place for a small research team with a rotating cast of research fellows to live for 6 months or a year. Ideal scenario would be a large house in the country that's less than $8k/mo and an hour's drive from Berkeley. A friend did this in Vermont about 2.5 hours from Boston and that seemed to work well. submitted by /u/Blame_Da_Government [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119sp2e/cheapest_places_to_buylease_a_10_bedroom_house/

Had initial sewer inspection, guy said everything looks fine, just dirty. In contract after inspections we said "buyer to clean out sewer line, seller responsible for any major damages found," thinking nothing would show up, just to cover myself. Plumber came to clean it, pipe isn't dirty its broken. 30k to dig up pipe and totally replace to sewer line with proper sloping so sewer line runs down. 15k to line sewer line with pvc pipe all the way. 5-7 k to line broken part of line and put in pump to push line through as water just sits since it isn't properly sloped Any thoughts? I'm 6k in non refundable (5k i might be able to talk him into giving me back). I love the house & location. This is only thing that's not 100% move in ready. Is this a situation where you cut your losses and run? Is the 5-7k fix a decent option? Any input appreciated, thank you! submitted by /u/Sneaks_and_slides [link] [comments] source https://www.reddit.com/r/Real...

Are there any downsides to using Redfin instead of a traditional real estate agent to list a condo? submitted by /u/tina-ro [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11924d7/listing_with_redfin/

Hey all, if you’ve been following the CRE markets these past couple of years, obviously one of the most enduring trends has been the slow death of office properties. A couple of days ago, I came across an article that said that Cushman & Wakefield project 1.1 billion square feet of available, vacant space in the US by the end of the decade -- about double the figure from 2019. I’m just curious because obviously something has to be done with all that space. Of course, it’s a huge liability for landlords not willing to implement changes, but I feel like this could be a huge opportunity for people with big visions / imaginations. Any ideas of what that space could be used for? submitted by /u/Clean_Sea_5051 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/118z97k/future_of_office_properties/

Does the company the agent works for provide them? Or how does the process work? I am considering a career in real estate but I want to know the full details before I decide. submitted by /u/Its_Double_six [link] [comments] source https://www.reddit.com/r/RealEstate/comments/118w5lf/how_do_real_estate_agents_find_leads/

Hi all, I’m interested in learning about how to best position myself to buy a house in California (extended Bay Area, most likely) in the coming 1-3 years. We’re currently out of the country but plan to return at some point. Given the difficult macro and high interest rate environment, I figured it wouldn’t hurt to learn as much as possible now to be in the best position in a few years when we want to make a purchase. Little more info: First time home buyer Income: ~$400K USD / year Married, no debt Credit score: 800+ Plan to use a service like Flyhomes to increase success rate I realize the standard answer is: “Save up 20-30% for a downpayment, compare mortgages, and make as many offers as you can”, but wonder if there’s more to consider since we have a longer time horizon until a potential purchase. Would welcome any advice. Thanks! submitted by /u/cakepilot [link] [comments] source https://www.reddit.com/r/RealEstate/comments/118u8a8/california_purchase_in_1...

We’re in the process of selling a rental. After researching many agents in the Sacramento area, we decided to go with one from Compass. The reasons are the agent’s experience, quality listing, and Compass Concierge offer. We just want to set up rehab budget and let the agent handle the rest. The fee is the standard 5%. The other ‘top’ agents in the area just offer the basic service and charge the stand fee of 5-6%. Most only have 0-3 active listings. How are full-time agents making a living when inventory is lacking? It’s hard to stand out when it seems like all agents offer the same service, except for ones that can provide multiples services. submitted by /u/classyshepard [link] [comments] source https://www.reddit.com/r/RealEstate/comments/118sy9p/how_are_real_estate_agents_making_a_living_in/

About half a year ago, I purchased a 4 unit building that I live in as well. My insurance company was trying to schedule sending an inspector out, but we could not find a good time to align. Then when I got in touch again with an opening, the inspector told me they no longer worked with that insurance company. I never got a follow up. Now, I'm in good standing and paying my bills - but in the worst case situation something should happen, will the lack of an inspection be something they could use against me? Or is it on them to do their job and make sure someone is sent out? FWIW - it's a 145 year old building submitted by /u/FettucciniAlfonso [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1184ki5/new_insurance_inspector_never_showed_up_how_much/

I am aware that huge numbers of people I know who are in their 60s and 70s are carrying jaw-droppingly huge mortgages--half the value of their house in many instances. Can this be justified in any way as been advisable (tax write offs) in the current environment? How can you justify being 74 years old, living in a $7m house and having a $5m mortgage remaining? (Of course you don't have to "justify" it, you can just be broke.) This pattern seems to continue down the line to $300,000 houses (where people have lived for 30 or 40 years) with outstanding balances of $150,000. submitted by /u/FrostingNow2607 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1184gvg/aggressively_large_mortgage_balances/

submitted by /u/Sea-Sample5901 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1182bzf/is_rent_price_going_down/

I wanted to get advice from those who have done it. I moved to the South of Spain and loved the lifestyle here. We are still renting(I sold my home in Netherlands) but looking to buy here. We have already found schools and daycare and made some friends, so the area where we are looking is pretty locked down. We want to buy a forever home because even if we move(only will if we have to due to work or similar), we would keep this forever as a holiday location. Unfortunately, that area we are looking at has very few kinds of houses we want in a suitable price range. We have viewed about ten places plus checked another 100+ online and disqualified. Out of those, there are two potential homes on the market. The first is in optimal location but needs quite a bit of work. I estimate the total work will be around 100k(contractors estimated 75k, but I want to be safe). The asking price is 550, and someone had offered 460, which the owners instantly declined. They might take 500k, but only a ...

Domain name for sale wesellyourhomeguaranteed.com - https://auctions.godaddy.com/ 📷 Domain name for sale - wesellyourhomeguaranteed.com . Domain name available for sale on godaddy and afternic. 📷 Perfect for the experienced or budding realtor! Godaddy's valuation is $1,200 US Auction Ends 2023/02/27 07:00 PM (PST) submitted by /u/trina_lanna [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1180n8e/domain_name_for_sale_wesellyourhomeguaranteedcom/

hey everyone i am saving up for a deposit for an investment property and i was wondering whether a house is a better investment asset than a retail property. Any advice is greatly appreciated 🙂 submitted by /u/_willsmith5 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/117xyzb/residential_vs_commercial/

Hello everyone, I'm new here and currently taking a course on data analysis. I'm interested in learning about the data that investors typically collect when planning real estate investments, as well as the types of analysis commonly used in the industry. Any insights would be greatly appreciated! submitted by /u/Spiritual_One_8827 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/117x8g8/data_used_by_real_estate_investors_agents/

does anyone know if there are any reputable courses that teaches in depth about investing. submitted by /u/Intelligent-Cow993 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1176yfg/real_estate_investor_course/

submitted by /u/Adorable-Barracuda62 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1175f5f/what_are_my_options_if_a_builder_completely/

I’m trying to find out the best way to research an area for problems, red flags beforehand. Things I want to avoid are chemical plants, hazardous waste spills or storage, contaminated drinking water supplies, EPA super fund sites, contaminated soil. I’ve heard stories about out of state buyers purchasing unknown problems that locals were aware of. submitted by /u/disasterousbuffalo [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1175d4r/best_way_to_research_unknown_area_before_buying/

Hi all. My wife and I just got done with inspections on the house, the price is 353k(single family home) with 3.5k down. But now looking at the cash the close I am confused. My lender showed me two options, one where he would include the PMI in the loan and one where the PMI is in the closing cost. But in these both scenarios I see the PMI being in closing cost so I will give a breakdown to see if you guys can understand it. 1st scenario 2nd scenario Purchase price. $353k. $353k Loan Amount. $346k(PMI in Loan) $340k Closing Costs A. Lender Costs. $1089. $1089 B.(includes PMI) $7654. $7654 C. $1384. $1384 D.(total loan cost) $10,127. $10,127 E. Taxes. $164. $164 F. Prepaid. $3,443. $3443 G. Init escrow. $4,350. $4350 H. Other. $415. $415 I. Total other cost. $8,372. $8,372 Total Closing cost. $18499. $18499 Cash to Close Closing Cost. $18,499. $18,499 Down Payment. $6,395. $12,356 Earnest money. -$2,100. -$2,100 Seller Credits. -$8,500. -$8,500 Other Credits. -$1,800. -$1,800...

Hello internet - I am lifelong Philadelphian and now self manage several rental properties here in Philly that I bought from older relatives — I am wondering if anyone else has any insight in what the overall trends are for the City? Specifically - there are lots and lots of big multifamily projects about to come online all over the City and concerned that these thousands of new units may have an impact on finding good tenants over the long term for landlords like myself that have older homes (in good condition, but older properties)? Perhaps I am answering my own Q but hoping some seasoned folks can opine submitted by /u/Confident-Ad5283 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11719ef/philadelphia_rental_market/

I’ve been using a broker and he quoted me 6.6% on Friday for a 30 year conventional loan but when I check my Credit Karma app it says I prequalify with New American Funding at 5.875% and Better at 6.125%. Are those usually accurate or is there caveats to it like point buydowns and such? I tried digging into them and couldn’t find an answer without actually moving forward with their loans. submitted by /u/surftherapy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/11704m4/are_credit_karma_mortgage_rates_accurate/

Is this a thing? We bought new and tried to avoid this BS but it was impossible. Ours was $199 we paid or tax bill and now with no notice or bill on the county property tax website I have a bill for $475 and a little research shows our CDD went from $2500 to $3000 for 2022 after we already paid via escrow in November. Not getting anything in the mail when the first date option to pay is 23 Feb is concerning as well. I’m just confused why this went up submitted by /u/Kurupt_Introvert [link] [comments] source https://www.reddit.com/r/RealEstate/comments/116gtjc/cdd_increase/

I am planning to buy a townhome for investment. End unit is 40K more than middle unit. But end unit has 6 extra windows. It is for rental purpose but wanted to rent it quickly and sell it quickly whenever in need. Which home would be better to buy for my situation? submitted by /u/ajjusadda [link] [comments] source https://www.reddit.com/r/RealEstate/comments/116ak0o/townhome_end_unit_vs_middle_for_investment/

So the old debate is: are home prices going up down? I mean who knows right?! Now the basis for the housing price increase recently has been demand. But my question is: are there that many more people seeking a house to live in than a decade ago. I mean where have all these people come from. Is the population that much greater? submitted by /u/Cold-Trade2502 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/116abak/market_going_up_down/

I own land free and clear (2 acres) in central Florida. I gave an offer for $20k below asking and seller accepted. Based on comps I walked into some good amount of equity. No wetlands, no endangered wildlife, survey is good. My goal is to eventually build a dream home for my family whenever we outgrow our current home (current is a 3 bed 2 bath 1350sqft). I’m thinking in 3-5+ years. I have about $160k equity in my current home, purchased it pre Covid and rate is sub 3% 30 year so it’s perfect for renting out. My question is, where do I go from here aside from saving for the future home? I was thinking of owner self build, I have a lot of connections for subs but I never built my own home so it seems like a terrible idea that can have costly mistakes since it’s not my field. GCs seem booked out but the market can change whenever I decide to build. Right now I’m thinking of clearing the land for cheap so I can get a better visual of it and install a stilt fence to keep out animals. ...

Signed a builder contract for new house in April. Redfin offered closing cost refund of 3k. Signed contract with redfin on that property address. Decided to switch to similar house with same builder but with a finished basement. Redfin refund will not apply to new house. Can I ditch redfin? Family friend is a realtor and willing to split the commission 50/50. Redfin agent did nothing to find the new house... submitted by /u/Business_Opening1834 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1164fns/is_this_legal_backing_out_of_redfin/

I am pretty good at maximizing my annual deductions on my taxes. Does anyone know if mortgage companies look at the amount you earn before you make business deductions, or the amount you earn after your business deductions? submitted by /u/Pepper-6781 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/115i9o7/getting_a_home_loan_as_a_business_owner_how_do/

I am closing on a house March 1. My loan is currently being looked over by underwriting and I should hear back early next week, but suspect everything should go through just fine. I filed my taxes a few weeks ago and got my state refund deposited in my account yesterday, $4,500. I will be getting around another $1,500 from federal refund at anytime. Are these amounts I need to bring up to my lender/will it delay my mortgage closing because the size of the refund? submitted by /u/Embarrassed_Use_5114 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/115hlm3/early_tax_refund_and_closing_on_house_in_a_few/

I'm currently 1/3 owner of a property. I live in the house and pay all the bills. I'm looking to get out of this place but can't get one of the parties to agree to sell, buy me out or get bought out. Is it possible to move forward with selling the property without their approval? Or Is it possible to remove them from the list of ownership since they have no financial responsibility with the property? I live in RI and I'm not sure what my options are. I have one of the parties on board with selling or would like to be bought out as well. We have been fighting with the difficulty party about everything with this house. I need out but can't without at least some of the money we spent updating the house. submitted by /u/NarrowScientist504 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/115f6p5/part_owner_of_property_can_i_sell_or_buy_out/

I’ve obtained a $100,000 mortgage for my house last year while while my last 2 tax returns said I made “28,000” a year from my job (that they know of… f*** you Uncle Sam). If I am wanting to have multiple mortgages at the same time. Would it be more wise to report more $$$ money earned per year on my tax returns to boost my chances to get another mortgage or does it even matter.. credit score is amazing… I’ll always have a huge down payment and I’ll always have 2 years work history consistently. submitted by /u/Tututurututu [link] [comments] source https://www.reddit.com/r/RealEstate/comments/115eoyg/does_annual_income_matter_if_youre_looking_to/

Hello! As the title says, we’re having issues with the construction that has been going on next door. Tl;dr, they’ve been building 2 large 2 story “ADUs” on our neighbouring property, and after a lot of inconvenience (parking in front of our driveway nearly daily, flooding our yard for a week during a heavy rainstorm & damaging one of our trees, tearing out the shared fence and temporarily using a portion of our property along the shared side throughout the construction period) they now want us to pay for a portion of the fence. So for backstory, we bought a house in San Diego at the beginning of the Covid lockdowns in 2020. We barely scraped by to get it, but we were lucky enough to do so. A few months after moving in, the tenants renting the house next door to us let us know they were moving out because the trust that owns the property was starting construction on the half-lot between our two homes. The trust failed to notify them until after they re-signed their lease, effect...

Hi there I'd like to start a small business centered on local real estate management for people who want hassle free Roi from their rental holiday houses/rooms. ​ For the expenses, our company would have few, like: Hardware + Management Software fees (for booking and checkin automation) + Secretary. (Cleaning fees would be calculated apart: external company). ​ I've calculated a 20% management fee on rent, and since, in my city, a single room could do 9k a year, this means an average of 2k a year per room. For 30 rooms seems doable: This would be 60k a year. The goal is to keep this small business on the sweet spot, not too much, not too low stress. Here, cost of living is about 10k/y, and with a 60k/y gross business you are considered doing very ok! Is this a business which could be done solo, or would require a co-founder? Anyone have a similar business? What am i missing? submitted by /u/crepuscopoli [link] [comments] source https://www.reddit.com/r/Real...

I listed my condo for sale, and some realtors were messaging me. One of the realtors said "I have investors with deep pockets who can give u more than u ask" Is this real or fake? I checked his name, seems licensed realtor. What questions should I ask to determine if it's legit? Are there scammers who say these same things? Are investors more likely to pay more for buying houses? This is near GTA, Canada. Appreciate any insight, Thanks! submitted by /u/cinderella-canada [link] [comments] source https://www.reddit.com/r/RealEstate/comments/115adkh/trying_to_private_sale_condo_realtor_offers_i/

We’re from a touristy small town. (We no longer live there) Home prices insane. They’ve always held value because of the tourism. We missed the opportunity in the last few years to purchase an investment property because of other personal things. We now have the cash for down payment, but with rates the way they are- even with very high rental $ in the area, we’d be losing money. It’s impossible to predict our long term return, right? What metric would you use (if you would even consider it) to determine if it would sense over the long run? submitted by /u/7askingforafriend [link] [comments] source https://www.reddit.com/r/RealEstate/comments/114mltu/would_you_ever_consider_a_cash_flow_negative/

My spouse and I are in our early 30s and have been big savers since we've gotten together. We have $180k (and growing) earmarked for a house purchase, as well as $450k in retirement accounts and no outstanding debts. We have two kids under 4 and have been passively looking to purchase a house where we can settle for the long term. However, my wife is now a stay at home mom (and will be for the foreseeable future), leaving us to rely solely on my annual income of $85k. Unfortunately, we've found that the housing options we would be comfortable with in the areas we want are too expensive, when considering our current income, with homes ranging from $450k to $500k. Currently we're "in-between moves"; we're living with my parents, rent-free, which kind of puts us in a good position to save even more towards a down payment. While we're content here (and they are happy to have us stay here for as long as we want), we're eager to have a place of our own to...

Husband and I have been looking for our first house for about a year. Like most people right now, we’re struggling to find something we can comfortably afford in the HCOL area we live (East coast). I would consider myself financially conservative. I like to have a lot of buffer left over each month for savings, investments, etc. We’ve been targeting homes in the 500k range with 30% down, but that price range has not given us a lot of options. I’ve been toying with the idea of just increasing that down payment from some investments (not retirement) and bumping our budget up. Any insight from people who decided to put more down to get a more expensive home? Was it worth it pulling from stocks? I think I’m just having a lot of anxiety about spending so much money. For some reference, we bring in 8,800 a month net, and I’m trying to keep our payments (mortgage, insurance, taxes) to about 3,000. Only debt is a $250 car payments. submitted by /u/Seeking-Secrets [link] [comments]...

I remember being nervous when buying and selling homes about appraisals. Down to a few thousand… Now it seems like people bid over 50-100k+ and it’s not an issue at all? I know it’s not for cash buyers, but did everyone waving them just pay the difference or have banks decided to go with whatever someone is willing to pay? It just seemed like that was a pretty good check/balance on the housing market. submitted by /u/7askingforafriend [link] [comments] source https://www.reddit.com/r/RealEstate/comments/114mv39/what_happened_to_appraisals/

I'm in the process for negotiating a condo purchase in Chicago. Right now we're at 280k, 3% seller credit, I haven't accepted their counter. The house has been on the market since April of last year, started at 340k and has slowly price cut. It was at 300k when I made my offer. I think one of the reasons it hasn't sold is the unrenovated kitchen, unstaged, and a smoker lives there. I'm waffling on the acceptance or even countering because of the smoke smell. I don't know how hard it'll be to remove. The place has no carpet so I think that once the furniture is gone, killz paint applied and an HVAC cleaning, a lot of damage will be gone. Is there anything else to consider? Or other inspection related to smoke to get? submitted by /u/__looking_for_things [link] [comments] source https://www.reddit.com/r/RealEstate/comments/114jrwj/considering_buying_a_smokers_home/

who provides 3mo loans to cover moving, storage, modifications and down payments in new york state? submitted by /u/vasjpan02 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/114hzkf/bridge_financing/

To get an ERA airdrop: go to the official zksync website and make any transaction (for example, an exchange). https://twitter.com/mellysko/status/1626435903785779200 submitted by /u/TextGold5895 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/114e594/zksync_expected_airdrop/

I own a few properties and sold a few during 2021-2022 as the property value increased by 150-232%. Having property in a few west coast locations that I rent out (4K-5K) a month, I got into a conversation with my wealth investor about how on earth young people are supposed to stand a chance at a house between student loans, low paying jobs (50-80K), when not living in fly over states. What’s your crystal ball thoughts on how younger generations stand a chance when starter homes are half a million plus? I pray it’s not a 30 year loan with 3% down. I fully admit I’m part of the problem. I had a house I bought in 2016 for 600K listed for 1.3M summer of 2022 and got into a bidding war to 1.5M in fucking Salt Lake City. submitted by /u/arlyte [link] [comments] source https://www.reddit.com/r/RealEstate/comments/113wp8l/how_are_people_under_40_buying_a_house_big_cities/

W-S, North Carolina-Offered $17k over asking with $10k in DD and still got beat out by a cash offer. It's still wild around here. I've heard there are companies that loan people the cash and you pay them back with a mortgage. Anyone used a service like that? The sellers did sign an addendum to the contract to go with us as a backup-anyone have a cash offer fall through? submitted by /u/wpersaud [link] [comments] source https://www.reddit.com/r/RealEstate/comments/113wkyg/cash_is_king/

I'm a FTHB who will be diving headfirst into the homebuying process in a couple months. I have all my finances in order and feel reasonably confident in the type of home I want and what I can reasonably afford, but right now I have one big hangup: first step: agent or lender? I've read that some agents won't take you seriously until you have a preapproval letter, which makes sense. But I've also read that agents can help you source good lenders and/or brokers. Additionally, since preapproval offers have a 60 or 90-day clock, it feels like a waste to have that clock ticking while looking for an agent. I've already received a few agent recs from friends of mine who have recently bought, so that feels like the logical thing to pursue. Or, should I consider starting these steps at the same time? Any and all advice appreciated, thanks. submitted by /u/-AbeFroman [link] [comments] source https://www.reddit.com/r/RealEstate/comments/113w61a/first_step_in_buy...

In what situations would a loan broker be better than going directly with a mortgage company? Are brokers really better in terms of getting better rates and paying less closing costs? I've been reading on this and it seems like a wash, like I should just pick rocket mortgage and go with them. If I shop around I'm afraid everyone is going to pull my credit to give me an actual quote, and if they dont pull my credit they really can't guarantee the rate they are quoting me. I only want my credit pulled once. Oh, if it matters im refinancing 207k on a home worth 395K. Thanks submitted by /u/s04600777 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/113ujkp/broker_or_mortgage_company/

We're preparing to list our house in the next few months and are weighing whether to paint the exterior of our house before listing. Some of the wood is chipping and some panels ideally need to be replaced. We received a couple quote around $20k to paint the 2-story, 2400 sq ft house, which should sell between $1.0-1.1M. I'm leaning toward painting since I think it will increase curb appeal and attract buyers, but don't want to throw money away fixing up a house that we're not going to live in. Thoughts? submitted by /u/TomahawkDrop [link] [comments] source https://www.reddit.com/r/RealEstate/comments/113tsht/preparing_to_sell_exterior_painting_necessary/

I know this sounds crazy but I wanted to try except what is involved in all this because I know the bank/seller will probably say no. Do banks make a profit from foreclosures or do they just barely pay off the loan? submitted by /u/illjustbemyself [link] [comments] source https://www.reddit.com/r/RealEstate/comments/113qe67/can_i_make_an_offer_on_a_foreclosure_for_187000/

Instead, the listing agent’s company is listed as the owner. I’m worried the actual owners don’t know their property’s for sale. Or is this a normal practice? In TX. submitted by /u/januscara [link] [comments] source https://www.reddit.com/r/RealEstate/comments/113oosq/buying_land_but_the_owners_name_on_the_contract/

I'm a german civil engineer looking for a position in USA right now.My wife is a Real Estate agent in Brazil with a good experience.She will follow me wherever I go but I would like to know if there is any chance of a foreigner geting a license in USA and working as an Agent. Maybe targeting the latino market, i don't know.Please be brutally honest. submitted by /u/The_Kaiser_Jacob [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1132sr7/is_there_any_chance_to_a_foreigner_as_a_re_ag_in/

Our closing of escrow is within a week. Everything went ok and yesterday we were informed that a second trust is attached to the house. I wasn’t informed about this initially and still trying to find out who figured this out. The claim is that the second trust will sign the sale soon but what happens if they don’t? Would I lose all my Ernest money deposit? Would the owner be responsible for not disclosing a second trust? What are my options? And what steps should I take to protect myself? submitted by /u/J1NDone [link] [comments] source https://www.reddit.com/r/RealEstate/comments/113270w/ca_about_to_purchase_a_home_when_a_second_trust/

Doing a deed in lieu since house went unsold. My mortgage provider instructed me to sell new washer and dryer set. I'm unable to do this since I want to vacate the house ASAP. Will not selling w/d be deducted from my moving assistance? Will it count as trash removal? I'm trying to figure out why they are adamant I sell them. The house came with a w/d but I replaced it with these. Brand new Samsung set with all the bells and whistles, which I can't budget to take with me nor have the time to sell. submitted by /u/NyugenBits20 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1131buz/deed_in_lieu_instructed_to_sell_appliances/