Is it legal to charge tenants a pet deposit and monthly pet fee? Area: Los Angeles County (or could rules possibly be specific to the city itself, separate from the county?) submitted by /u/chronicallyanxious10 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1btqxhp/pet_fees_for_rentals/

My mom want to gift me a small vacant lot in a HCOL area. She doesn’t have a will or trust set up and honestly I doubt ever will manage that. She just can’t talk about death. But she is anxious to get this over to me as she is tired of dealing with it and she’s getting older. Washington state Taxes are paid up Vacant lot She’s in her early 70s She suggested a quit claim deed. Is this the right course of action? Any implications I should be aware of? How should we proceed? If not, what should we do? submitted by /u/Sea____Witch [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bt1egh/whats_the_best_way_for_my_mom_to_gift_me_s_small/

So I’m 26, and I had question about real estate in general. I work in tech and have been working for 2 years now and have saved like 130k in cash and paid off all my debt, about 70k. Whenever I talk to people about to use that cash, they either say, get into real estate, or invest. But went I look Zillow, prices are crazy high, and said I need 400k down payments to afford these homes at a decent monthly payment rate. I myself make 9.5k a month after taxes, so I can save a decent rate, but I’m curious, do I still have a long way to go until I can buy a home and make these real estate moves? I am also single, and spend 2k a month. How much cash do I actually need saved? submitted by /u/Significant_Put_6754 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bswmdy/can_i_make_moves_in_the_real_estate_game_right/

I’m in my last year of college, and since all of my courses are asynchronous I decided to get a full time job as a banker making 50k annual plus commission (average commission per year earned is around 16k but I’m only a month into the job so idk if I’ll suck or be really good). I’m wanting to stay in the area to work and real estate is relatively cheap (150-200k for 3 bed home) so I’m wondering if I should buy. I know a realtor in the area who says I could get an FHA loan because I have no student loans and a decent credit score (718). The main problem is I have less than 2k to my name rn except for retirement funds. I’m not looking to actually buy until June at the earliest, but that’s not very far off and even if I’m extremely frugal I’ll only be able to save around 1.5k per month. My bank offers mortgage deals to employees that are pretty favorable (1% off what you’d normally get) but even with that I’d still have to save for closing costs, a down payment, PMI, etc. Am I jumping ...

I bought a house for my daughter and son in law 14 years ago. Long story, but for me it was the only thing to do at the time. I had to buy it as a second home. Because I live in another state, I really did use the home when I visited. I paid the home off. Later on I just wanted to get off the deed and met with a real estate lawyer and had the deed transferred to my daughter and son in law. The lawyer never mentioned if this move would incur taxes to be paid on either end. I’m just stupid about these things. Now they want to use the equity in the house and move to a safer neighborhood. I’m going to see a real estate lawyer again most likely, but just needed a heads up. Thanks. submitted by /u/CloBear2021 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bsaa02/tax_question/

Hello all I was wondering what the consensus was. My s/o and I found this amazing apartment in the neighborhood we’d like to live in. Great price. Only issue we are only recently noticing is there’s a plot of land with a sign for construction of a 5 story building. The apartment will be right next to it. No timeline on construction but it seems as if it’s inevitable. Is this a deal breaker or should we just try do deal with a somewhat “temporary” situation? submitted by /u/Background-Ant-4177 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bs9ku8/construction_near_potential_apartment_purchase/

Not sure if this is the right forum, but figure I would post it here and see what happens. My dad is in his late 70s, has been retired for about 20 years now. I have 3 sisters, 2 older, 1 younger. We’re all in ours 30s/40s. One of my sisters lives in the other side of the country. She has a job that pays fantastic. My other 2 sisters live locally, just down the road. 1 sister has a preteen child and her own business. Her business is office hours. 1 is working for the government, which is good enough money. It's shift work. I live with my dad, I work a 9-5 job, Monday to Friday. However, once I factor in commute times, I basically have a couple of hours of rest time after finishing work, then I go to bed. For about 5 years, I was living in the other side of the country too, running my own business. That closed due to Covid, so I started working a minimum wage job until I could find something better in that area. I couldn't find a better job in that area, so I moved bac...

Trying to figure this out. They have to follow guidelines placed by a lender, so we should assume (trigger for a REAL auditor or compliance specialist) that they actually have enough critical thinking skills to UNDERSTAND the guidelines. Of course, when it's written in a professional language that requires thought, an interpreter is helpful. We know they absolutely, under no circumstances, are not allowed to do ANY math calculations. I mean, if the YTD increases by the same amount bi-weekly, where is that calculation located? They can't be expected to justify the amount on a pay stub without a cited formula and long form calculation provided by the borrower, can they? What about required documents that need "clarification". What clarity can a borrower provide if you have ZERO communication with human beings outside of the cave you live in? Required documents are merely a suggestion because a borrower will have to resubmit them multiple times before an underwriter wil...

Hello guys , I just want to ask what are your thoughts about buying a house in a squatter area without titles only rights. what are the risks and is it worth it for 100k pesos? I live in phililippines btw. 22 yrs old and has enough savings to spend 100k. submitted by /u/Educational-Share630 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bran5a/planning_to_buy_a_house_without_a_title_only/

i saw a couple of good deals on the internet where you pay 60 millions and the annual profit is about 1.7 millions, you would get your money after 30 years and then own the property, i'm really new to real estate, and i would like to know more about it submitted by /u/Material_Vanilla_953 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1bqjg58/is_there_anyone_on_the_internet_who_shares_his/