Looking for perspective here. I've been looking to jump into my first str investment for the last year and seriously looking for th least six months. I've found a great house although it's outside of my original budget. 485k purchase price. 20% down at 97k. I'd use 75k of a heloc and the rest in cash. Expected returns are 60-75k gross in year one with ~1k cash flow. My reserves would only be about 10k left in cash and 30k in my 401k. At 28 years old is this just way too risky? submitted by /u/Current_Move_8902 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1668lk2/too_risky/

https://wallstreetai.substack.com/i/136567240/us-reits-witness-fifth-consecutive-quarter-of-implied-capitalization-rate-expansion-reaching-highest-levels-since submitted by /u/TheWallStreet_AI [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1667u84/us_reits_witness_fifth_consecutive_quarter_of/

I was reading through a few posts and realized I have no clue about real estate. I'm a renter and my goal is to buy a house. Any videos or books I should be reading to get me started on this journey? Thanks in advance! submitted by /u/Manifestora [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1664cv3/looking_to_learn_about_real_estate_where_do_i/

I’m under contract for a home to close on Sept. 8th. First time homebuyer. Our agent informed us just over two weeks ago that sellers were buying a new house and might want a later closing date to make things easier for them. We agreed that would be okay; we’re currently renters and won’t give our 30 days notice until the closing goes through. But after that communication, it was crickets. I followed up with my agent about a week later to ask about it, and was told that actually, they didn’t want to move the closing date anymore, but might but want to ask for a rent back. I have seen enough people say “no way!” here on Reddit that my gut reaction was no. Not gonna go down that road. I’m willing to be flexible on closing date, but I want keys when I sign the papers my first home. I don’t want to open myself up to any risks, mostly. Although to be honest, if sellers had accepted our request for a partial roof credit (our roof guy recommended replacing it, but it might have 3-4 years lef

My father passed away and I received life insurance as the sole survivor. In total, my SO and I have 400K, including the life insurance and savings (rainy day fund is separate). Houses and neighbourhoods we’re interested in range from 300K-350K. 300k for old homes 350k-380k for new homes Should I still apply for a mortgage loan before contacting a real estate agent? If we qualify for a 350k loan, do I have to use all of it? Can we get a reduced interest rate? submitted by /u/a82i53icu37t2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/165dmna/do_i_need_a_loan_if_buying_in_cash/

My husband got a new job in the Buffalo, New York area and we started househunting immediately. We found a house we loved and submitted a bid for it which was accepted by the seller. We did the home inspection not even two days later. We had a closing date for September 13. Last night we got an email from our mortgage servicer saying that they are still waiting on the title and survey from the seller and that closing may be delayed or even canceled, depending on that. I'm trying really hard to keep it together, but we are afraid this is going to fall apart. We live in coastal Florida and we can't just pop over and pick out a new place without expending some cash. If this deal falls through, are we just out all of the money we spent on the inspection and appraisal? To say nothing of the cancelation fees for the moving company. It's a VA loan if that matters. Thanks . submitted by /u/floridianreader [link] [comments] source https://www.reddit.com/r/RealEstate/c

Can someone clear something up for me? I've seen properties immediately go from listed to pending or contingent, but this one property I hearted was marked sold within a day of going up. But I thought even with contingencies waived, closing still takes like a couple weeks. Under what conditions can things move that fast? submitted by /u/QualifiedApathetic [link] [comments] source https://www.reddit.com/r/RealEstate/comments/165al6b/gone_in_24_hours/

https://www.zillow.com/homedetails/628-Greenwich-Dr-Maryville-TN-37803/40837252_zpid/ A friend is selling their home and hasn't gotten a single showing. I am convinced they are pretty terrible photos and that's why it isn't selling. The tenant hasn't moved out yet, but is very soon. Tell me I'm not crazy, this market is hot. Our home sold in 2 days a few weeks ago! submitted by /u/Harambehasfinalsay [link] [comments] source https://www.reddit.com/r/RealEstate/comments/16570t5/are_these_listing_photos_bad_im_convinced_they_are/

First time buyer located in So Cal, only qualify for about low $500K so my options are extremely limited. Looking at two options: a yet-to-be built Lennar home, or a 1960s bungalow. The bungalow is old, small (under 1200 sq feet.) will need cosmetic repairs, has a pool, big backyard, a je-ne-sais quoi charm to it. The Lennar home is twice the size, tiny backyard, new BUT - carries the Lennar reputation which is pretty bad from my research. It’s also a track home and would give me “pleasantville” vibes. The two options are pretty similar in price. So is a 70 year old home that is still standing a sign of a ‘good’ home or does it mean it will soon need a lot of work? And is a new home that will possibly be hastily and shoddily built be worth the hassle, given its larger size and newer amenities… What would you choose? submitted by /u/petuniagriffin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1656zrx/what_would_you_pick/

I own several lots of land. I have $30k in the bank. I am torn on how to spend my money. I want to create passive income and start a couple rental properties. What should I do: -Build a house on one of those to rent -Drop a trailer on it and rent it (they are all in rural areas with other trailers) -Clear it and flip it for double the money (I have 3 lots) -Buy a $185k fixer upper house and drop $75k in it hope I can flip it or rent it? submitted by /u/Revolutionary_Ad5719 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/164fzdu/advice_please/

We've been in our house for 23 years with the same picture forever on Google maps, like with trees long ago removed. In June we had new roof and siding done. No inspector came by until I called to make sure the contractor pulled the permit. They were supposed to come last Friday. It rained most of the day and I never saw anyone, they didn't knock on the door and certainly didn't go up on the roof. We were home all day. Today I go on Zillow and new pictures with the updates. Went to Google maps on a whim and sure enough 'street view' is with new siding. I always thought the Google pics were from their little rides around neighborhoods. Apparently permits trigger new pics. submitted by /u/sunny-day1234 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/164fsn6/new_picture_of_our_house_on_zillow_and_google_maps/

If not I can't believe it isn't a thing. I also can't believe people live in cities that have additional income tax.... it's literally hundreds of dollars a month extra in taxes, that completely changes what I'd be willing to pay for a rental. I get it if a state has a tax you can't avoid, but with a city you can easily live a town over and save a ton. Are there any sites that do this for you? submitted by /u/countrycruiser [link] [comments] source https://www.reddit.com/r/RealEstate/comments/164ffdp/are_there_any_websites_that_filter_rental/

It's been spoken around for a number of years and I actually work for a blockchain business that tokenizes real estate. However, I thought I'd head here to get a feeling for the sentiment around this particular subject, what are the main concerns and questions the industry wants answered? Has anyone here got experience in either working on a tokenized real estate deal or even invested in this way? submitted by /u/UpsideTokenGuy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/164fh4q/tokenization_in_real_estate/

Anybody recommend or suggest any good lenders who are good with or specialize with VA home loans in Colorado Springs. submitted by /u/Bslm34 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/164cahz/va_lenders_in_colorado_speings/

Wife and I are contemplating signing a sales agreement/purchase contract to build a home through a new home builder. The agreement explicitly lists 1 condition, that I am copy/pasting here ​ THIS AGREEMENT IS SUBJECT TO THE FOLLOWING CONDITIONS and the parties agree that the *builder* may cancel this Agreement if, on or before the dates respectively noted for the fulfillment or waiver of each such condition, the Builder has not been notified in writing signed by the purchasers of such fulfillment or waiver: Subject to purchasers providing a bank statement showing availability of down payment funds on or before Sept 9, 2023 ​ ​ While it is unlikely that we will change our mind about moving forward with this purchase, my question is, do we (the buyers) have until Sept 09 to back out of this purchase contract regardless of the reason and even once this agreement is signed? Excuse the newb question as this is our first time purchasing from a builder and the part in this clause tha

Me and my partner are first time home buyers and everything has been quite daunting. We’ve learned a ton but it feels like there’s just so much we don’t know. So we were hoping to have an expert to rely on to help guide us but it hasnt really been the case. For all of our bids the seller has requested a final signed contract, and multiple times now the contract our agent has helped draft up had several obvious errors. Which was fine whatever we are thorough readers. But this last bid he was very confident we would win, we had an escalation clause going 25k over ask. But we had learned on our own, to some extent, the rule of the appraisal gap. When wee asked our agent if this needed to be in the contract he said if the gap was too high and we backed out we would lose our deposit. So when we asked what he meant by this he fully explained the rule and we were pretty stunned. He knew how much cash we had on hand for our deposit, down payment, closing etc. But somehow failed to mention w

https://wallstreetai.substack.com/i/136463135/arixa-capital-and-oaktree-join-forces-in-million-real-estate-loan-origination-joint-venture submitted by /u/TheWallStreet_AI [link] [comments] source https://www.reddit.com/r/RealEstate/comments/163isqk/arixa_capital_and_oaktree_join_forces_in_100/

For context: we have already purchased a new home and are paying for two mortgages. With interest rates so high, selling has been difficult for the market in our area. We've already had to reduce price 30k lower than the correct appraisal value because no one has the ability to purchase right now. We had an original buyer that fell through due to her financing. And now, we have a cash offer that seems to be going through. The current buyer completed their inspection and informed that the roof is shot due to hail damage. They've asked that we compensate for the cost of an entirely new roof, where they would like to approve the color, style, and materials ( as they may want to upgrade it ). After reading so many other experiences regarding roof replacements during a sale, many people on Reddit suggest that going 50/50 on a roof is a norm. But when we brought up the idea to our realtor, she said that we would have had to pay for a new roof anyway as homeowners, so we might as

www.structuralpros.com submitted by /u/EmotionalAdeptness83 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/163enln/structural_pros_foundation_and_crawl_space_repair/

Where is the downturn the article is referring to? I agree it may be coming due to the 7% 30 year but don't see it yet. https://markets.businessinsider.com/news/commodities/housing-market-outlook-recession-home-prices-mortgage-rates-fannie-mae-2023-8 submitted by /u/l3434 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/162pmxw/downturn/

Deer requires water regularly, and sometimes, more so than food. Thus, the most important advice we can give is to find water sources usable even during dry periods. If submitted by /u/fergusonstacyla [link] [comments] source https://www.reddit.com/r/RealEstate/comments/162p1i2/should_i_change_my_deer_hunt_during_a_drought/

My family is about to make a full price offer on a waterfront property whose listing includes "million dollar views". The house to the left is currently in construction, and the RE agent (buyers agent) has made statements such as, "I don't think that construction will come any farther forward on the lot than it is now." There is construction ground prep (black plastic sheeting) down to an area which would block 1/3 of the water view, it it were built on, but from just looking, we don't know if that is just prep for landscaping, or what their actual intentions are. Since this construction could seriously affect the value of the property we are about to make an offer on, we are wondering if there is public access to their building permits, or some more verifiable source than the realtors "guess" about the scope of what is being built next door? This is in WA state. submitted by /u/MizBarrie [link] [comments] source https://www.reddit.com

Hello, I am currently a freshman in college at SDSU majoring in business real estate. I would like to get my realtors license as soon as possible so I could join a group and start selling as quick as I can. I am 17 years old still and then 18 in October. Is there anything I could start doing before I’m eligible for realtors programs? I want to be a real estate developer. submitted by /u/Dry_Incident7250 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/162jsy1/what_should_i_start_with/

https://markets.businessinsider.com/news/stocks/housing-market-affordability-crisis-zillow-1-percent-down-payment-plan-2023-8 What percentage of mortgage issuance Zillow accounts for? How sustainable is it? Or it's just a gimmick? submitted by /u/VonDerBerg [link] [comments] source https://www.reddit.com/r/RealEstate/comments/162is1b/zillow_offers_mortgaged_with_1_downpayment/

I understand they want to be on safe side, but are they being super strict about it? Basically my partners job usually cuts them loose and they close up like 1 hour early 😑 so the paystub is off by like 2 hours. We were dabbling with pre-approvals to see what numbers looked like since she just started that job. Now we see the numbers aren’t too bad and are considering looking at homes! But we would have to wait 1 more month to get 2 paystubs (biweekly) that match the offer letter to satisfy the lender. She realized she can work an extra day as well so more than likely she’ll be doing that. My question is are all lenders like this or are some more lenient and may only take an offer letter etc. I just want to start looking now. Our lease is up in a month and we will probably move in with family ,but it will be very small space. Thanks in advance. submitted by /u/Bluegate1234 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/161trtb/i_have_a_offer_letter_

We're in the process of buying an apartment in German city. Kinda general thumb rule is EMI should be around 30% of the income. My understanding is this might make sense in USA because people have car, student, credit card debts. But many of Germans don't. So can the average be 40%? A bit about me, couple with 2 year old, living in a 1 bedroom apartment. It is getting tight. Maybe one more year we can live here, not more than that. Moving will be soon a NEED. Rents doubled in here, so renting a decent 2 bedroom would be ~2000(including heating, electricity, internet) So we opted to look for buying Even though rates are high, it's a buyers demand and we found really good 2bed 2bath apartment & huge garden. After negotiations price got reduced and with monthly payments of 2000 and 500 for maintenance, heating, water, electricity, internet, insurance, taxes). So total ~2600. So total housing costs would be Renting 1800, rent-income-ratio 36%, 200 running costs Buyin

Good Day Good People If you are in need of a transaction coordinator please let me know. submitted by /u/latoshathycloser [link] [comments] source https://www.reddit.com/r/RealEstate/comments/161s347/remote_real_estate_transaction_coordinator/

I'm making an offer on a studio condo for a personal investment. The list price is $175K on a 405 sqft condo, which is approximately $432/sqft. Another bigger and more updated 1 bedroom just sold for $378 a square foot just sold 2 days ago.. I initially offered $150, the seller countered at $170, and then I countered at $160 "final offer" and have not yet heard back. I am working with the realtor, who is also the sellers agent. I am paying all cash and really don't want to offer more for the unit as I think my offer is very fair, but the seller doesn't seem motivated at that price. Is there anything I can do to entice? Even the agent was saying you can get it done between 160 and 165. I think they are trying to bait me into paying more.. submitted by /u/Vast_Produce_6190 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/161rp6f/offer_on_a_studio_condo/

I've been thinking.... And quickly losing much level of respect for people involved in selling real estate. I don't care if you're Warren buffet or Dave Ramsey..... What I want to know is how many homes you have built as a real estate investor vs how many you have sold.... I think if people(customers) could know this then it would quickly expose some weak hands.... I don't even want you in my friends circle if you are in real estate and haven't built 2 homes for every 3 that you sold..... Please don't tell me on this post that real estate investors cant do that because it would dilute their market and drop prices drastically due to inventory increase(frankly, this is an easy thought to conclude) So what I want to know from some of you is if there is a merit based recognition system or something in the real estate industry where common home buyers can KNOW FOR A FACT that the real estate seller(or even broker/scalper) has built at least 2 homes for every 3 hom

Long story shortish, my Nana wants to sell me her condo instead of renting it to someone else, but I am only 21. I have good credit, but I'm not sure I would be able to get approved for a home loan just yet. I would only have about 5-8k to put down as a deposit. My Nana doesn't want me to have to pay for than a 5% interest rate (which a loan would definitely cost way more). Legally, she wants to make sure she is covered in case anything does happen. What would be the best way to go about it? Rent to own is usually in favor of the owner. She suggested I talk to a real estate lawyer and see if we can draft a contract in favor of me, the buyer. Is there a better way to go about this all? I was looking into Owner Financing. Are there other options I should look into? I'm trying to do more research but am clueless about this all. Any advice or direction is much appreciated! submitted by /u/wickedxsiren [link] [comments] source https://www.reddit.com/r/RealEstate/c

I keep reading about people having their realtors show them houses or realtors showing people tons of houses. I've been through two purchases. After 2 showings with my first one, and after the first one I saw with my second purchase, when I would show up to view a house and some random person would be there. I would ask about the house and would be told they had no idea, yhey just get a call to let someone in and I have to talk to my realtor. On my second purchase I switched realtors because the guy elaborated on what the other people had said he told me that he works for a company that just comes by to let people in, make sure they don't steal anything, and lock up. He knows nothing about the house he is showing aside from the address and has to instruct the client's to their realtor for information as basic as bedrooms, bathrooms, and square footage. This happened both times using a Redfin realtor buying. I purchased through the first, and dropped the second one as he fo

Hi. I am not in this industry but I have a question about it. I noticed when looking at rental properties and those to buy that the homes are typically shown with furniture in them. In some homes they come furnished and many the furniture just seems to be to give an idea of what the home could look like. Do the companies hire interior designers to accomplish this? I assume they just do it once per property if they're selling a large amount of similar properties like in the case of new builds. But for older properties wouldn't it cost them to do this on an individual basis, between labour of moving furniture in and out and designing each living space? Does it make a difference to have these images for the prospective buyer in terms of interest? Does anyone have an estimate of how much it would cost between design and the labour in filling the home (any example would do)? submitted by /u/perrymcg [link] [comments] source https://www.reddit.com/r/RealEstate/comment

submitted by /u/Homestation01 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/160uep3/how_does_the_current_real_estate_market_look_like/

Hi all! I am looking to buy my first place in NJ ( Jersey City or Hoboken) or NYC. Which state do you recomend to buy considering taxes? I have about 30k for the down payment and looking for places around 300K. What are your advices when it comes to mortgages? ​ submitted by /u/ConfidentCorgi7542 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/160srkw/firsttime_home_buyer/

When I was looking to buy a house recently, I applied on a popular real estate website to see a house. The agent they put me in touch with asked if we could talk on the phone. Conversation went like this: Agent: Yes, this home remains available and qualifies for the No Down Payment Program. Questions? Me: I'd like to visit it. Tomorrow, if possible, but most mornings this week work Agent: Working with any agents? Me: I am not. I was under the impression that the website would put me in contact with an available agent. If you're not available, that's ok! It emailed me two agents Agent: I was simply asking a question due to ethics. You're not looking for quality with the biggest investment of your life. The average REALTOR sells 6 houses a year and most are part time. All the best OP! At the time I was incredibly confused and chalked it up to him being incredibly rude, but now I'm wondering... did I do something wrong? Eta: I responded with "I'm extr

Are sellers in MN required to disclose to buyers that there is a special assessment tax being paid on the house? We (buyers) were told of this extra tax weeks after signing our purchase agreement. In our agreement, we did not agree to take on this special assessment tax and therefore it doesn’t show up on our loan. However, they are still asking us to sign to take on the rest of the assessment costs. They say they forgot to add it in the agreement. Our real estate agent says we have no financial obligation to pay it because we already signed the purchase agreement - the default if no negotiating happens is the seller pays it when they sell. Still I am curious though which brings me to this question because I can’t really find an answer. Were they required to disclose this prior to signing the purchase agreement? submitted by /u/badbadcats [link] [comments] source https://www.reddit.com/r/RealEstate/comments/16028aq/special_assessment_tax/

I can’t decide if I should rent or sell my current primary residence . I currently own a townhouse in Florida, I am looking to move back to New York next year for a business opportunity. I bought the townhome in 2021 for $320,000, and it currently has an estimated value around $500,000. My mortgage rate I locked in for 2.875%. Monthly expenses: Mortgage(includes taxes/insurance): $1800 HOA: $345 Utilities: $225(varies higher lower from winter and summer months) Total: $2370 Current rentals in the area of similar townhomes are going from $3000-$3600 per month. I’m leaning towards renting it out since I don’t want to lose that low interest rate, but I worry about losing out on the tax savings with the equity I would receive from a sale. submitted by /u/Impossible_Luck8547 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/16010mf/should_i_sell_or_rent/

Does anyone know of an insurance carrier that offers an HO 17/34 endorsement to an HO-6 policy which helps cover the Condo HOA Master Insurance Policy deductible? submitted by /u/Icy-Special2923 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15zyvdx/ho6_insurance_policy/

I’ve shown my contact to someone briefly who found tons of red flags and is telling me my contract is void because the addendum I signed has the wrong effective date of the original agreement, among many other things I haven’t received an executed copy of our contract from the buyer. There is no lead based paint disclosure when the house was built before 1978, it’s 1971 which as far as they said isn’t allowed to not be included. I’m almost sure I’m being taken advantage of. The buyer wrote his name/“assignee” which entails that he can pass this deal on to someone else and potentially make a profit and leave me selling my property to someone I don’t know. And also means I’m selling too low and that this “buyer” knows it and can make himself a better deal out of it and make a profit with no financial obligations. This was never told to me. I know there may be consequences but I’m ready to fight if necessary, I was told there is no fight because this deal and contract is “garbage, null

My husband and I are looking to buy our first home and are using a VA loan. Many homes don't have va listed in the listing terms. Should I not bother putting down an offer? tia. submitted by /u/Haunting-Sector-3434 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15zskyk/are_zillow_listing_terms_accurate/

What’s the shortest length of time I can ask a realtor for a listing agreement for selling my house? Also, I’ve read I should add a performance guarantee into the contract. What specifically should I ask for in the section on performance? Thank you in advance! submitted by /u/seapig85 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15z3pje/shortest_duration_for_listing_agreement/

My husband and I are buying a house in Ohio. We’re in contract. We have a preapproval. He is the only one that’s gonna be on the mortgage because I have not great credit and no income for 2021 and 2022. I did start a job this year (it just can’t count LO said) and we have a joint bank account in which both of our paychecks are deposited and bills taken out. We really don’t have a lot of debt, other than student loans and mine are much higher (another reason for me being taken off). Is that gonna be an issue at all with the underwriter? I’m asking because I saw someone else’s post about how her ex was on her child support account and they wouldn’t count it as her income and I am an over-thinker. submitted by /u/swilliams988 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15z0ed9/only_husband_on_mortgage/

We've built an App for Military Movers. I'm looking for Agents/Brokers/Lenders in the upper midwest, New England area, and along the Mississippi valley. We have Agents and lenders in other areas of the US near over 70 Military Installations. submitted by /u/MustWantsInc [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15z1rhm/looking_for_real_estate_agentsbrokersloan/

Is there something different about buying/owning property in Texas that differs significantly from other states? I notice that title companies tend to have teams dedicated to TX transactions and that real estate prices tend to be relatively more affordable in TX as compared to other states with high demand. submitted by /u/Mtackland [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15z16xn/texas_real_estate/

Just got my offer accepted and a lot of emotions are running through my body. I've been looking for a place for 1-2 years now in one of the most expensive places in the US. Right now, I'm mostly nervous about the $4200 monthly mortgage payment (includes property tax, HOA). I currently make 165k or 189k after annual bonus. I plan on renting out a room or two to help with mortgage. My worry is if I don't find a compatible roommate, I'd have to manage the mortgage alone. After taxes, 401k contributions, and mortgage, insurance , I'd have ~2600 left. This will go towards bills like electricity, water, internet etc. Were you nervous at first? What are some things a first time home owner should know? Or you wish you knew? Thanks all. This sub has been amazing 🙏 submitted by /u/Yupchillin [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15yycnj/offer_accepted_on_a_townhouse/

Anong pinaka the best financing when it comes to house renovation? Except: Pag-ibig, SSS and NHMFC. Salamat! submitted by /u/AprilSpider13 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15yxdxi/house_renovation_financing/

Hello! Me and my family want to buy a house… but as the title says we have no money. We plan to maybe purchase in 2026 which gives us plenty of time to save for a smaller down payment ($10-$15k). We also qualify for FHA as this will be our first home. We are looking for: - $250,000 or less - 3bed 2bath - 1100-1300sqft Not sure if this matters but we have no clue what to do, or where to start. Any general information will help as well. Partner is getting a pay increase soon so his starting salary in or around 2026 will be in the high $55k, and I make about $32k-$40k a year. Also whats cheaper, a new construction, buying a home, getting a construction loan to build the house? Any tips will be greatly appreciated. submitted by /u/Queendom-Rose [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15y4sb0/buying_a_house_with_no_money/

I closed on a property a few days ago. The seller had filed for bankruptcy. For reasonable assurance his house wouldn't be foreclosed, he wasn't going to move out until the close of escrow. The contract gave him 3 days to move out after closing. We are now on day 6 and I finally got him out of the house but he still has property in the house that he wants. I have the keys to the house. Am I legally obligated to allow this guy to get his stuff or can I just tell him to pound sand and never let him in again? Background info: He is a long time alcoholic with a scrambled brain and paralyzing anxiety. Trying to work with this guy is next to impossible, though I've been very cordial up to this point. He is incapable of moving anything himself and his "hired help" never shows up. I spent yesterday helping him move his stuff out of his house but there are big things like a pool table that I'm ready to just break into pieces and toss. My movers show up tomorrow with

My parents have a rental property in Seattle that they're tired of managing. They are both recently retired (early 70's) and now live 2 hours away. They've owned the property since 1980 (purchased for $100k) and they rely on it to bring in around $15k annually (after $8k in property taxes) to supplement their retirement. They know if they sell it, they'll pay a large capital gains tax. They'd prefer to leave it to me and my three sisters in a living trust, to avoid the tax hit/ keep it in the family/ allow one of us to benefit from it. It's currently worth around $800k. My sisters don't have any interest in taking it on. We'd all like to create a scenario where all parties benefit from it fairly. One scenario that's been recommended is for me to buy it through a promissory note. I'd move into one of the two units, and manage the property. In the agreement, I'd 'purchase' the home for $800k (or whatever it appraises for and all parti

Hope you're all well! I'm here today seeking your help and guidance on how to start investing in properties. I'll admit, I'm relatively new to this field and lack extensive knowledge, but I'm enthusiastic and determined to take my first steps on this journey. I have a certain amount of money saved up and a strong desire to make it grow through property investments. However, my lack of experience has left me feeling somewhat uncertain about where to begin. I kindly ask for your assistance in pointing me in the right direction and providing some valuable tips and insights. I understand there are many factors to consider, such as location, the real estate market, financing, and property management. Any advice, resource recommendations, personal stories, or even pitfalls to avoid would be greatly appreciated. I believe this community holds a wealth of collective knowledge and experience, and I'm eager to absorb as much as I can. I want to extend my gratitude in

I recently moved into an apartment and discovered some damage. Most of it I managed to report on my damage checklist, but I have since discovered more. Some of it is pretty justifiable as wear and tear, but I’ve discovered more. How should I approach this situation? For context I’ve been living here for just over a week. Some examples of the damage are little chips on my bathtub, or chips on countertops (smaller than a nickel). Should I speak to management about this? What else can I do to protect my deposit? submitted by /u/Majestic-Algae6356 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15xwfwj/advice_on_apartment_damage/

I have been flipping houses since 2019. Every deal has been different, but my current one is absolutely throwing me through a loop. I bought a condo in February for 162. Put 20 in and listed at 259. Got an offer at 277 within a week, accepted the 30 day close. 2 days before closing, buyer changed mind and walked away so I kept her earnest money, inspection report, and appraisal at 288. Put it back on the market and got an offer of 255 within a few days. Accepted but offer had a home sale contingency, buyers couldn’t sell their home in 45 days, so we went with our backup buyers who came in at 250, but did not have a house to sell. At this point, it is July and we have been paying insurance, and a hefty 300 a month HOA payment. Realtor sent me their preapproval letter, and I even looked the buyer up- he is a superintendent for a huge school district so I thought okay these are super qualified buyers maybe we could even close in less than 30 days. Our contract expires this Friday, august

submitted by /u/GreatVersion4426 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15x3wa4/is_there_another_way_to_get_into_real_estate/

I have been considering buying an apartment or condo to rent out as an investment property. Somewhere that is actually desirable unlike where I currently live in rural PA. So I am looking in cities or other vacation areas that are popular but that I also like myself so I can actually use my property at some point. I was looking in Seattle, condos in Belltown specifically, and noticed that minimum to buy a condo is around $300k, which is going to come out to a monthly payment of about $2500 a month. But I’m saying rentals for the same places in the same buildings for $1600 a month. Some of those buildings with rentals for $1600 are selling the same sized condo for $400k, which is around $3000 a month with a mortgage. In this case, is it even worth investing in the area? Mortgages are so high that monthly payments are much higher than rentals so in order to have the mortgage covered by a renter, you’d have to charge even more than the mortgage and the renter can just rent directly fro

How realistic is it to get approved for a 600K ish property in CT but buying it as a business (LLC) vs a personal purchase? First time buying. Self employed for the last 6 years. P&L and Tax Filing shows growth since 2017. Last year’s gross was 315K and netted 150K. Total debt is $15K between biz and personal credit cards and cars. Actively paying off. FICO score is 695 right now. Anyone have any experience about purchasing property as a biz vs yourself? The reason why the home would be purchased by the biz it’s because it’s a property where you can live but it’s zoned as a kennel already too. Do I need more income? Less DTI? Any insight is highly appreciated 🐶🐾 submitted by /u/cutestrangerdog [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15x0ky9/first_timer_self_employed_what_do_i_need_to_do_to/

If i take a home equity loan now while my equity is high, and the market crashes and my house loses significant value can/will the bank call the loan due to lost value? submitted by /u/jseney93 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15w90p8/home_equity_loan_question/

Hello Reddit and thank you in advance 🙏 First time home buyer in South Florida. Prior to making a deal there’s a small parcel in front of my land/house. I asked my agent to ask listing agent to find out who owns smaller parcel which I have to go through per “right of way” to access my lot. Was informed by listing agent they didn’t know who owned it and we were unable to locate an address for it either. Due to being overly excited we put an offer and went under contract instead of doing more research. (We are purchasing a house from an investment company from California. Their listing agent is also their property management company) After our survey, we were then informed of setback rules which would ruin our plans to build on this property. I did my own research and later discovered that the company we are purchasing the house from ALSO owned that small parcel. I shared to my agent that I felt misled and lied to as this smaller parcel already gave me doubts in the 1st place. He

Since we bought our current home (years before the pandemic), real estate now seems to be a completely different ballgame in so many ways so bear with me if this seems like a dumb question. The website we used back then (realtor.com) showed every home’s above-grade square footage at the time, whereas Zillow sometimes had more added on for the basement, but usually it was the same. It was easy to find the non-basement square footage. I’m not sure if this was just our state/region. Many homes in my town are older (60s) and didn’t have fully or even partly finished basements anyway. This area is also notorious for seepage and even flooding, and basements were mostly for laundry, storage and such. Well, that seems to have all changed. LOTS of properties nearby have been flipped, with the basements fully finished and a bedroom or two downstairs along with maybe a bathroom. So on all the websites now the square footage seems to have exploded on homes in our searches, with finished-basemen

How long until we see the Zillow update the on/off “the market” listing/pricing game. (Scheme) “Susan, taking your condo that didn’t sell for 98 days off the market to re-list 3 months [at the same stupid price] later to ‘days listed’ lower is exactly what ‘Madison’ your GED Real-A-Tor thinks is a “good plan”… JFC, she’s as dumb as a shovel, Jan!! I know you can hear me…. Madison, you are dumb. /rant submitted by /u/Turbophoto [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15w6pdz/lol_were_taking_it_off_the_market/

So my elderly mother and I are selling riverfront property in our area, which is somewhat coveted. We have an old house which will have to be torn down or dramatically renovated. Most of what we are selling is for the land and the view. So we signed a contract with a realtor who suggested we list at $250k. We signed. Three days later she called and said we had drastically overpriced and should list closer to $200k. There was no new information she had learned or gained between the two calls. She made have had a casual conversation with a neighbor but it wasn't listed yet or anything. Is she just trying to get this off her books asap or something? We would rather wait and list and see what kind of offers we get after listing at the original price she suggested. Again, she suggested the original listing price, not us. Something feels off here. Any thoughts? submitted by /u/ElizAnd2Cats [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15w6p1p/am_i_bei

Skimming Govdeals for the 1st time in forever & saw they have over 1900 listings for tax sale properties in CO, PA, OH, MD & others; the majority of these are undeveloped land. I've bought several through Govdeals, it's as easy as going through a county sale. Now, I know undeveloped land doesn't make you think 'Yeah, that's a roof over my family's head'; but I've sold 4 undeveloped Tax Sale lots in SC over the years & realized nice profits that went toward paying off my Primary Residence. They're not always a steal & like any real estate purchase you must do your research on the county websites plus the retail side of it to confirm demand. I see posts here almost every day from folks who don't know how they're going to break in to real estate & they really feel it's their only chance to create generational wealth; this can be a way to start & build up. As the old chestnut goes, 'They're not making more

My neighbor (B) was the caretaker for his elderly friend (A), living in A’s house. A passed and left his estate to B (took a probate court case to determine Will execution. B has no financial scruples, no source of income whatsoever, no money in any bank account, won’t sell any physical assets for money, and the mortgage has been in default for a year ago. Six months ago A received a 6 month extension on mortgage payments, if he sold the house. Time has been up for a week and no assets have been sold, house isn’t even showable, etc. Mortgage company filed a motion with the courts. Of course his estate lawyer (lord knows how she’ll get paid???) filed a motion for the mortgage company to provide proof of the loan terms, etc. How long until he is physically removed from the house? What will they do with 3,700 sq. ft. of household junk piles floor to ceiling with junk and garbage? He was suggested to find temporary storage, but he won’t. How long until he is on the streets and what will h

So I've been working in real estate for 14 years and I must say that this is a first. I'm working on a FHA assignment and the home was completely renovated, but only has one exterior door. Each room has a window, but it appears the rear or side exterior door was/were removed/blocked and covered over. Reasonable common sense tells me that a home should have at least two means of main egress/ingress such a doors/sliding glass doors for safety reasons. However, I have scoured through the FHA manual and can find nothing that stipulates that it must be so. Has anyone here ever been involved in a transaction where there was only one door in/out, whether ye be appraiser, realtor, buyer, seller, or your mom? I'm mostly just curious if anyone else has seen this and had an issue with this, but I still plan on taking the following steps regardless in order to verify: Check local building code (Ohio) Call FHA for confirmation of acceptance or denial submitted by /u/Notbatman

I'm currently 22, and live in a high-ish cost of living area. We're not California, but for reference in the suburbs 2 bed condos generally go for $300k, townhouses for $500k-1 mil depending on location, and SFH go for like 700-1+ mil, again depending on location and proximity to Metro stations. My current plan is to put a thousand dollars a month into stocks for the next 10 years, and up it as much as I can as my income (hopefully) grows and I keep my living expenses the same. Right now I make just over $60,000 a year, and my main monthly expenses are $750 a month in rent, $250 a month in car insurance, and $250 a month for food. Weekly pay is $900 weekly after taxes, health insurance and 401k, I work nights so I don't really have many places to spend money on other than eating out once or twice a week. Rent will likely go up to rougly a thousand dollars a month in a year, because I split a 2 bedroom with two others, and they have expressed desire to rent out a townhou

Hello everyone, I have recently started my own business in real estate photography and drone in the Northeast Ohio area. I was curious if anyone else was in the business and knew the best way to get leads on agents or how agents go about choosing their photographers. I do have a few I work for, but I am trying to grow my business. Any tips and tricks that anyone knows of, I would be ever so grateful! Thank you!! submitted by /u/Itsmissange [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15vb78f/real_estate_photographerlicensed_drone_operator/

I’m in a bit of a pickle. I bought a home in 2019 that I have a 2.5% interest rate on and about $175k of equity in. Since then, I have started a family and would like more space for the kids to run around. The question is, do I sell my house and buy a nice house by putting all of the equity into it? Or do I buy a slightly better but similar home in a worse area than what I’m in now and rent out my first home? I think I could make about $700/mo profit by doing that, but I’d have to use a chunk of that to pay off the HELOC I’d have to take out for the down payment on the new house. I think long term that it’s better to keep it, but if I keep it, the new house we would get wouldn’t really fit our needs unless we moved out of state. Any advice would be appreciated. submitted by /u/klaysmithhh [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15v9nlq/do_i_buy_a_second_home_and_rent_out_my_first/

I have 4 offers on my house now so we canceled all other showings. This is what I have in play: Asking price on a conventional loan with 1k in earnest money. 20k above asking on an FHA with 1k in earnest. 10k above asking on conventional loan and 6k in earnest. 5k above asking with 5k earnest money. So number 3 looks the best but obviously I’d like the higher bid but I’m worried about qualifications/inspection about FHA. All offers don’t care and can cover if appraisal doesn’t come back as they are offering. What do you professionals think? submitted by /u/TopStockJock [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15v7h2o/looking_for_additional_advice/

I've been thinking about getting into real estate but I don't know how. Do I need the license and where do I get the course, I've looked into a school called champion but is there something else I can do, to start preparing myself for my real estate journey. I'd like some help from someone that's already doing it. submitted by /u/Potential-Jelly6650 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15uftqb/i_want_to_be_a_realtor/

Is it generally better to buy a home that is new as a first owner in a new growing community vs a older property in a already established community? I am looking at a community that is near a ver y cramped city, it has planned to build a school and commerce area within a few years and the homes are just becoming available now. I was looking for a home anyways and the location is good for me. Would it be a good opportunity to jump on a new property in a planned community? submitted by /u/breadexpert69 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15udvnx/is_it_better_to_buy_a_newly_constructed_home_in_a/

So I am currently lookin at a Co-op apartment in Brooklyn, NY that is extremely affordable because it is in a land leased building. I was told that the lease is 29 years from expiring. What happens to the Co-op owner if the lease expires? I was told by a friend of the family that if the lease expires, the land owner takes over the building and you basically become a renter overnight and lose out on all the money you put into the apartment. Is this true? submitted by /u/Hoxha80 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15ubpnw/a_question_about_land_leases_in_nyc/

I have a single family home that’s made into a 4-plex. It has some city set back issues that won’t be resolved so it’ll be a cash only and all future flip or resell will be cash only. Location: B Price: 270k cash only Rehab cost: 50k ARV: 400k Rents after improvement:$6500 Cashflow per month 2k. I have a heloc to purchase this deal. I guess it’s a pure cash flow play since finding another cash buyer is going be slim. Would you do it? submitted by /u/GoodCoffeee [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15tkw7g/nonconforming_cash_only_single_family_worth_it/

Anybody here can help me? Is anyone here a realtor/mortgage loan officer from California or from Texas? WHO CAN TELL ME WHAT ARE THE OPTIONS TO, OR HOW WOULD YOU EXPLAIN TO YOUR CUSTOMERS WHEN THEY WANT TO BUY A HOME WITH SOLAR? I'd love to know your answers! submitted by /u/jinichel [link] [comments] source https://www.reddit.com/r/RealEstate/comments/15tig0s/ask/