Real Estate: Austin, TX housing in the next 3-5 yrs? |
- Austin, TX housing in the next 3-5 yrs?
- Real Estate Value of 3/4 bath?
- Was the missing messages glitch fixed on Zillow Rental Manager yet?
- Lower down payment in return for more equity?
- Looking to get into real estate, have some questions if anyone has time to answer.
- How can I tell if an apartment is a scam?
- apartment carpet gets soaked when it rains?
- New Construction Common Issues / Defects?
- Will telephone pole wires eventually all be removed
- Single best book or article for new realtors?
- Question about possible refi
- Is buying a home a good idea and how much can I afford?
- Condo question: Can I get my own wifi? (Canada)
- I want to buy a condo and rent it out but I have a question.
- Builder wants to contact buyer directly, leaving out agent.
- Private lender for primary home?
- Real Estate Partnership Advice
- Actual examples of house prices dropping ...
- Seeking advice: Is it best to purchase a studio apartment or stay put and wait?
- What are the financial pros and cons of buying property in New Jersey vs New York?
- Outbid... by another agent in the same agency as the seller’s agent
- Will I be able to pass the “qualifications for honesty, trustworthiness, and integrity” to become an agent?
- 2 party mortgage; 1 party rents
| Austin, TX housing in the next 3-5 yrs? Posted: 25 Dec 2020 09:43 PM PST Me and my husband are thinking of purchasing a home in Austin. We just got married this year, been together for 4 years. We are in our mid/late twenties. My gut instinct is to continue to rent for the next 3-5 years. We have about 70k left of student loans to pay off. More importantly, I just don't think we could comfortably put 20% down on a house. We could swing more like 6%. Really don't want to be paying for PMI of $100-150 per month as it seems like it's money down the drain. Our jobs are fairly stable and well paying. My big question is this, do those that have a good sense of the market expect Austin to explode in the next 3-5 years. Meaning, would houses that we could afford today increase their mortgage by 20% in 2023-2025? I understand that a lot of big tech companies are moving to austin, so I can only expect that it will be a terrible time to buy in 3 years. What are your recommendations, besides looking for another city? We would be open to a similar city that isn't in the Northeast, Midwest, or southeast. California is out of the picture. But really, we'd like to stay in Austin. We are also not interested in buying a cheaper fixer upper as this would be too stressful for our lifestyles. For reference, one house I quite like is currently sitting at $380k. Thanks. [link] [comments] |
| Real Estate Value of 3/4 bath? Posted: 26 Dec 2020 09:38 AM PST I don't know if this is the place to ask but I am redoing my bathroom. It is the only bathroom in my house and the problem is there isn't a proper shower in it. In the bathroom is on the second floor and the roof angles down right over the tub. I put a showerhead in but when I stand my head is within an inch of the angled ceiling. I am redoing the entire bathroom and one option would be to put a walk in shower. I think I might have a little more flexibility to make it fit. This means there is no full bath in my house then. Is this a problem for when it comes time to sell? I have a different layout that would shift the tub towards the center about 12in but then it really shrinks the size of the bathroom to something pretty cramped. These are my two main options. I am leaning towards bumping the tub out unless my research shows having only a standing shower won't be detrimental to the value of the house or make it hard to sell. This house is in a nicer area in Minneapolis so overall it shouldn't be a hard sell but I just am trying to make the best decisions on design and functionality. [link] [comments] |
| Was the missing messages glitch fixed on Zillow Rental Manager yet? Posted: 26 Dec 2020 09:31 AM PST There was a zillow rental manager glitch where I got 11 inquiries, but only 5 messages and I'm wondering if anyone else who experienced a similar glitch no longer is dealing with it -- I prefer not to waste another $10 if the same thing will happen again. Thanks! [link] [comments] |
| Lower down payment in return for more equity? Posted: 26 Dec 2020 09:13 AM PST Why do sales reps for new home communities seem to always recommend putting down a smaller down payment like 5% in exchange for more equity in the home? What's in it for them? [link] [comments] |
| Looking to get into real estate, have some questions if anyone has time to answer. Posted: 26 Dec 2020 06:02 AM PST Hello, I am 20 in Maryland currently in pre licensing to become a real estate agent. From the research I have been doing on my own, it seems that everyone is suggesting that I should mentor. What is the best way to go about getting a mentor? I'm going to go solo instead of with a team, any advice/tips? What is one thing you wish you knew when you started? Education is my main priority over commission when it comes to picking a brokerage. Do you know of any brokerages off the top of your head that have lots of training? I figure if you run the business right, the money will come. Thank you and any advice,tips, anything really would be awesome. I am excited to get started [link] [comments] |
| How can I tell if an apartment is a scam? Posted: 25 Dec 2020 11:02 AM PST I am a college student studying in LA but live in a different state so I cannot actually go visit the apartment before I move in. I found an apartment off apartments.com and the price seemed appropriate (not too good to be true) so I did not think it was a scam initially. I have messaged the landlord and he had sent lots of photos and videos of the apartment too and it all seemed very legit. I had to email him my credit report and an application but this was not through an official website, which I am not sure if it is a red flag or not, because I don't think the landlord is part of a real estate company or anything. Earlier he wanted me to send him a deposit via zelle but the zelle payment was canceled by my bank and never reached him. My bank also locked me out of my account due to "suspicious activity" based off of this transaction. I am worried he might be a scam if my bank flagged his account as "suspicious activity"? How trustworthy is this landlord? [link] [comments] |
| apartment carpet gets soaked when it rains? Posted: 25 Dec 2020 05:38 PM PST hi. i tried googling this but didn't know how to word it, so nothing came up. my grandparents live in a senior retirement home, they just moved in about 1 month ago now. since then it's rained 2 times, and both times the carpet gets soaked. obviously this is a health concern because they are old and mold grows pretty fast. the manager of the apartments said they would have maintenance take a look at it and then we didn't hear back from them. when we saw maintenance walking around, they told us that it's an outside company who has to fix this problem. what can we do to maybe move my grandparents to a safer apartment? do we have legal standing? [link] [comments] |
| New Construction Common Issues / Defects? Posted: 25 Dec 2020 04:46 PM PST We're getting ready to close on our new home next Thursday with a walkthrough coming up Monday. Some background on our process: - Sales agent didn't outline all the differences in the floor plans so we actually didn't get the home we were expecting - House was painted a different color than what we signed up for. This was just fixed recently thankfully - Our closing date has been delayed twice and hopefully that's the last one So because of all that, we're a bit more skeptical on how the house will turn out. We managed to check out the house beforehand and noticed quite a lot of defects, but wanted to know if these were common or if anyone else has experienced it.
Some of these may not be big issues but we're just surprised, especially the USB and toilet expectations. We'll be calling these out come walkthrough but wanted to see what others thought. [link] [comments] |
| Will telephone pole wires eventually all be removed Posted: 25 Dec 2020 05:08 PM PST This is in california. Can I count on eventually maybe in 10 years, that all the telephone poles and wires get removed and I wouldn't have to see it. Wondering about future of a home with a view of that. [link] [comments] |
| Single best book or article for new realtors? Posted: 26 Dec 2020 07:00 AM PST What would you give to a grandson who is entering a new career as realtor ? [link] [comments] |
| Posted: 25 Dec 2020 07:26 PM PST I bought a house in March in Richmond, VA for 275k at 3.25%/30 year with 5% down. Rates have continued to go down so i am refinancing to 2.75% It looks like this will pay for itself in around 3 years partially due to removal of PMI as we did 25-30k worth of work so it is being appraised at 350k. Since this seemed like a good deal I asked my mortgage agent if it might make sense to refi my rental as well. This is my previous primary home, purchased in 2016 for 160k at 4%/30 year with 10% down. They offered me 3.25%/30 year. After doing the math it seems like this would not actually save any money. The difference in the mortgage payment would pay for the closing costs after 3 years but i believe i would actually end up paying a small amount more over the life of the loan - i currently owe 122k on it. Is this not worth doing? It seems odd that the .5 percent would make sense in one situation and not the other. I guess this is just because of the disparity in the house value? My mortgage officer suggested doing a cash out refi on the rental which i know would make sense as part of the BRRR strategy. He offered 3.5% 16k cash after closing costs and 2k payoff of a HELOC I currently have. Would love any advice/explanation anyone can offer on my situation! I plan to live in my current primary home 5-10 years and hope to have the rental for the long haul. Thanks! [link] [comments] |
| Is buying a home a good idea and how much can I afford? Posted: 26 Dec 2020 06:17 AM PST I'm 29F and my parents recently passed away leaving me with around $1m USD that is currently in an investment account and has been growing around 100k a year in recent years. There's a chance I will get another $400k from his ex wife if she respects his written (but not legal) wishes which I think is likely. I have $150k of my own savings and my salary is $120k. I have no debts. I want to move home to the Bay Area next year and I'm thinking about buying instead of renting. I know this is the most expensive place to buy in America but it's my home and where my network is. I've only rented so far in life because I move every couple years. I'm planning to stay in the bay at least 4-5 years. I currently live with roommates in Denver and my rent is very cheap. I have found some decent places on Zillow in the 800k range. I don't know if it's smart to buy a place that expensive or if I should be looking around the 400k range where there is almost nothing available. Maybe this money is better left in the investments where it has been growing nicely. I'm only interested in San Francisco proper or Berkeley. My questions are: - should I buy or rent? - if I buy, what can I afford? [link] [comments] |
| Condo question: Can I get my own wifi? (Canada) Posted: 25 Dec 2020 12:02 PM PST So I'm buying a condo in the Toronto GTA area in Canada, the building I have purchased a unit in has wifi And cable as part of the fees. Will I run into issues trying to purchase my own internet packages? Or is this a question I can only ask building Managment? [link] [comments] |
| I want to buy a condo and rent it out but I have a question. Posted: 25 Dec 2020 12:37 PM PST I'm planning on serving in the army and and will most likely be serving outside of the country. My question is, am I able to hire a manager that will manage the property for me while I am serving? Where would I find a landlord manager? Any disaster stories of landlord that spent time out of the country and came back? Any advice? [link] [comments] |
| Builder wants to contact buyer directly, leaving out agent. Posted: 25 Dec 2020 12:31 PM PST Hello! My wife and I put an offer in on a new construction via our agent. The builder accepted the offer and told our agent they would be contacting us directly to put together a contract. My agent said this was not typical and advised us to send the contract to them and our attorney to review prior to signing. My question is- why would a builder want to contact us directly rather than work through our agent? We're first time buyers so any guidance would be much appreciated. I hope I included enough information for some good insight. Thank you! [link] [comments] |
| Private lender for primary home? Posted: 25 Dec 2020 07:23 PM PST A friend, older, lost his job 3 years ago. His own house value $350k with no loan. He want to borrow $100k, his house as collateral. He said, bank doesnt let him do refinance cash out due to his bad credit. I did some reading on private hard money lender. It seems quite safe since the collateral is there. I also notice all private lender only lend to investment property? Can someone please advise if there is different law between lending to primary home and investment property? We are in NJ. On the aspect of securing the collateral, How can I make sure he will pay the property tax? What if he file bankruptcy. Is there anything else I need to be aware of. [link] [comments] |
| Real Estate Partnership Advice Posted: 25 Dec 2020 06:26 PM PST Greetings and merry Christmas! I am a current Massachusetts resident and am looking at purchasing a multi family (3+ family) in New Hampshire with a fellow business partner (New Hampshire resident). We are both graduates of the same college (Massachusetts maritime academy) and profession (merchant marine). We are both financially comfortable and responsible and are willing to work together to build a partnership of real estate income. I am looking at suggestions in all aspects of what type of real estate we should be looking at. Real estate Management companies ( we both work overseas at parts of the year), and what type of partnership. We have been recommended to maybe look into a LLC. But I do not know too much in how to approach this situation or what to research more. Any advice will be great! Thanks! [link] [comments] |
| Actual examples of house prices dropping ... Posted: 26 Dec 2020 06:55 AM PST
There are people who claim that house prices have NEVER dropped, ever ! For them, we need to give them examples and facts. "Where are you seeing a drop in housing prices anywhere in the US in the last century? "-u/woodturner9 People who claim house prices only go up up up...... are dangerous, dishonest, and ignorant. In this thread, please post examples of where a house price actually went down? I have collected a few examples. [link] [comments] |
| Seeking advice: Is it best to purchase a studio apartment or stay put and wait? Posted: 25 Dec 2020 02:56 PM PST I am a sole proprietor business owner with no debt and $200,000 income. I have 401k and about 50K of additional long term stock investments. I live and reside in New York city. For the past 5 years, I have paid around 850/month for an apartment with two roommates. I'm considering staying there for the next 3 years to just keep saving and investing, but want to educate myself about other options. When folks my age are ready to have a place of their own, most will shell out 2000/month to rent an apartment. Is it smarter to purchase a place and pay roughly the same amount for a 30 year mortgage, or is there a financial benefit to just renting a place? [link] [comments] |
| What are the financial pros and cons of buying property in New Jersey vs New York? Posted: 25 Dec 2020 02:36 PM PST |
| Outbid... by another agent in the same agency as the seller’s agent Posted: 25 Dec 2020 02:20 PM PST As stated in title. Details of sale just became public. Wondering if there's anything fishy about this. EDIT: sorry this wasn't clear. The buyer is an agent and colleague of the listing agent. This not about my agent, or my agent's brokerage. [link] [comments] |
| Posted: 25 Dec 2020 01:54 PM PST I was always a straight A student, accomplished a lot from a really young age, and have always been really hard working. Graduated top 5% of my 850 student class and with a 4.0 GPA. I know it was just high school, but still pretty neat considering the fact that I also moved from South America mid junior year. Had to adapt to a completely different education system with a completely different primary language. Because of some tax issues I was not able to receive Financial Aid. My plan was based off of that. My first two years of college were going to be paid fully with this. I could've definitely arranged a payment plan but I fell into weakness and self pity because what I had planned for 3 years did not go as I had wanted it to. Took a leap year. Started dating this guy who was a really bad influence. Started using the same drugs he did. I was always reluctant to using, never even smoked weed in high school, but after completely losing sight of my goals I budged. We ended up in jail together a couple of times. I already went to court for all of this. Because I was attending school, got clean as soon as I hit rock bottom, found a really good and stable job, the judge went easy on me. I did not get any time for these very serious crimes. However, I got Deferred Adjudication. This means after I complete monitoring (probation) for a certain period of time (1 year minimum to be exact) my cases will be dismissed. I was not convicted for anything. I have 3 dismissed cases and 2 that I am currently on probation for. If anyone runs a background check on me they will see that I have 3 closed cases - no conviction, and 2 "Pending" cases which will be closed as soon as I finish probation. The 2 "pending" ones are DWI (misdemeanor) and Tampering with evidence. (felony) I wanted to know if it's just pointless for me to even go through with these classes if I'm just going to fail the "trustworthiness and integrity" part of this, which includes a background test. I know my record makes me sound like an awful person, but that is not who I am at all. I have completely separated myself from all these people from that ugly past. I have been going to community college for a year now, working as a technician, and exceeding expectations within the company. I have been clean since the last time I was arrested, drugs are not who I am either. If there's anyone that has been or not been able to get their license with a felony, misdemeanor or just a record in general... please share your experience with me so I know whether or not to go through with this! Thank you so much. TLDR; I was 19 and dumb. Made really poor choices and ended up in jail a couple of times. No convictions, but currently have 2 pending cases which will be dismissed as soon as I complete probation in a year. Was wondering if I could get my license with all of this on my record. [link] [comments] |
| 2 party mortgage; 1 party rents Posted: 25 Dec 2020 11:16 AM PST curious to know how people usually go about making this work. let's say 2 parties have a joint mortgage split 50/50. one party plans on living in while the other party uses it as passive income. does the mortgage get split 50/50 while the party planning on living in it also pays rent? if so... i'm assuming the rent also get split 50/50. what has been everyone's approach to this ? [link] [comments] |
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