Hi! So I’m trying to figure out what my best bet is — so lemme lay out the facts: Me: 26, currently renting in HCOL area (Boston) Never owned any sort of property, but thinking about wanting to do that soon My options: buy something here in an up and coming neighborhood for around $400k OR buy something much cheaper in my hometown of Atlanta Issues: I don’t have 20% to buy a place here in Boston (like very far away from that...), so would need to purchase something at around 3% down. Though Atlanta is more affordable, it would be an investment property since I don’t live in Atlanta (my whole family is down there, so one of them could move in and help with maintenance). So I would also need to scrape together the 20% there (which at a lower COL would be easier, but non-trivial). MY QUESTION: Should I try to buy a place for me to live in here in Boston, or continue to save and buy an investment place in Atlanta? submitted by /u/SonataHymnHot [link] [comments] source h...

I get if it’s a place where there’s beautiful, warm weather year round, that makes complete sense. I’m talking about places with all 4 seasons. I’ve noticed that here in Chicago, apartments/condominiums mostly have outdoor pools instead of indoor pools. I Considering that we usually don’t even have a full 3 months of summer weather, the pool can’t even be used for 1/4 of the year.. but, with indoor pools, you can swim whenever. It sure would be awesome to take a relaxing indoor swim while it’s cold out. And in the summer time, have a separate outdoor sundeck somewhere near the entrance of the pool so you can enjoy both things. Wouldn’t that be much more rational or am I missing something?! Haha submitted by /u/ChicagoChurro [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwhqa4/i_cant_help_but_wonder_why_so_many_building_have/

Why would the bank withdraw the home from the MLS? My realtor spoke to the listing agent the same day we viewed the home and let them know we are really interested, just wanted to view again when it wasn't down pouring. No inspection has been done but, the floors were spongy and sagging in the middle & there might be mold. I don't know if that has anything to do with it? I did go onto the Homepath website and it's still listed there but, it now says "coming soon." I'm just very confused as to what's going on with it. I'm hoping it comes back on the market because this was our dream home that we'd stay in and pass down to our children. submitted by /u/Bicycle_girl22 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwgdur/fannie_mae_home_listed_2_days_ago_in_fl_now/

So here's the scoop, 20 y/o currently own an online business that brings me $ 1000-2000 per week cash that I save entirely. The business has very little to no overhead and man hour requirements. Literally a Facebook page that's an absolute money cow. I work full-time at the moment to finance my needs/social life from work income. I'm a waiter. Work on the business on the days off work. My plan at the moment is to buy 2 rental properties without leveraging (2-3 bedroom houses) that are roughly worth $45,000- $ 55,000 each. I'll rent them out and then take out a loan to buy a third property to rent out. I'll use the income from the first two to pay the interest of the third property and keep/re-invest the different from all three + business. This sounds good to me but like I said I've no idea so perhaps you guys could help me out and add/take away from my plan? Real estate is new to me, all this money is new to me so I'm going to try my best to establish a ...

I’ve noticed: 1- renters moving in toss out their moving boxes 2- renters moving out purchase new moving boxes, donate items, and try to sell more valuable items on Craigslist or display physical ads around their complex in hopes to sell items to neighbors submitted by /u/da_shaka [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwfif9/as_a_renter_in_an_apartment_complex_would_you_be/

submitted by /u/finditfirst [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwfgn2/i_need_some_guidance_what_is_the_best_placemethod/

(Reiterating for formatting reasons) I'm looking at two mortgage situations: A) 3.625% rate and 20% down (which is $50K) B) 4.125% rate and 0% down, with no PMI I think the second option has a better overall value, especially if I put the 50K difference in the market. But somehow, it doesn't feel right to pay for a higher interest rate. Any advice? I'd love someone to check my math too. Here's my math: A) Real cost over 30 years: -214,475.78 B) Real cost over 30 years: -284,906.62 50K invested over 30 yrs: 405,918.00 Total: 121,011.38 This means choosing plan B has a difference of netting me 335,487.16 more than plan A? Tools used: https://ostermiller.org/calc/mortgage.html https://mdm.ca/tools/compound-growth submitted by /u/chocoshark [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwetko/which_is_a_better_overall_mortgage_3625_rate_and/

So I am in the midst of buying my first home. Our appraisal is this week and I am wondering exactly what the appraisal is all about, I am FHA so I understand if the home does appraise for what I offered i have the option to pay the difference, have the seller meet the price or walk away. However my question is... I offered 170, with the seller paying 4000 in closing and I just got to thinking.. does it have to appraise for 170 or 166? Any help would be appreciated google wasn’t much help! Thanks! submitted by /u/Kyndra021819 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwetdf/what_does_a_home_have_to_appraise_for/

My boyfriend and I just went under contract for our first home. Somehow we were the ones to find out from the county that the seller did not get a permit for the complete renovation (which did add square footage) and the house has not been up to code since the 1970's. Is this something we should be concerned about?? submitted by /u/kstrobe [link] [comments] source https://www.reddit.com/r/RealEstate/comments/cwdooc/to_permit_or_to_not_permit/

Hello! Recently, y'all were helpful when I was in the early planning stages. Well now I have a great buyer's agent and have a lender (jury is still out on the lender). I found a house with a lot of things I love and a few things that scare me (specifically: it's very old BUT the sellers redid the kitchen and main bathroom). One of the selling points was the driveway, which is advertised on the MLS listing. Specifically, it has "paved driveway" as one of the amenities and under offstreet parking, it lists 3 spots. My agent learned from the seller's agent that the neighbor actually owns the land that the driveway is on. The sellers attempted to buy the land a few years back but losing the square footage would cost the neighbor her zoning. There has been a verbal agreement that the sellers had sole access to the driveway. What options would I have if I choose to purchase this home? Here's what I've been exploring: 1. Obtain an easement (sellers are un...