The Real Estate Bowl

As the interest rates are high rocketing, is this good time to buy a single family home ? Or do you think the housing market may come reasonable for everyone to buy their first time dream home in US?

How did you make your first million? Let’s start a thread!

I got stuck in a property. Hard money lender is unwilling to extend loan. Foreclosure starts next month. Property is under businesses but loan is personally guaranteed. Will this ding my credit? I am … more

Can anyone recommend a good home owners insurance + umbrella insurance for renting out a small studio (the unit will be in my name, not an LLC)

Is it a smart idea to use a HELOC to build an ADU on my primary residence?

I went to school for finance and am currently finishing the FMVA course because I want to learn real estate modeling. I just want practice and am looking for almost a mentor or someone I can work with… more

Home buyer here. If a plumbing inspection comes back with an issue like a sewage leak, what does everyone recommend? (Retest to confirm, walk away immediately, ask for price reduction to cover repairs… more

Do we really need an owners title insurance?
My agent and closing attorneys strongly suggested but other friends say it’s a scam. Share your thoughts.

Title insurance policy question, should I get ALTA 2006 for free paid by seller OR 2013 for incremental fee of $162?

Are property managers really necessary? I feel like it’s just paying them to do nothing 90% of the time. If there is an issue, I can just call a handyman.

Anybody do any benchmarking against publicly traded companies? 5 years so far with a portfolio of SFH and want to know how I’m doing. Using VTI and VNQ for general comparisons, and Mid-America Apartme… more

Buying my first investment property in New York and I am new to this: -what are the downsides of buying this in my own name rather than in a LLC
- aiming to buy the unit in my own name and get home own… more

Anyone invested with Good Egg investments? Thinking about putting some one with them and would like to hear it experiences.

How often do you give your tenants gifts/gift cards if they've been good tenants? Or do you not at all?

Can I report my rental property LLC losses on my personal return?

NY/NJ investors, what cities and towns are you targeting for investment?

Anyone have tips on how to just get started? I’m in my first job at 24 and feel like so much of my money is going to Roth IRA and Roth 401k that I barely have any $ to start saving up for a down payme… more

What are the things/items which can be negotiated with the mortgage lender? Is Lender credit one of them?

Looking to get into investing in Real Estate. I have been reading a lot about not using my own money but instead using private lenders or hard money lenders to fund the property and then some how swit… more

There's essentially already people ready to buy homes and potentially more will be ready with savings next year. So if prices come down even slightly, assuming rates stay the same, could we be in … more

Need POV: doing the right thing? bringing in $300k/year gross and are looking at buying a 1980 nicely renovated home in DFW for $680k. Have a 15% down payment. Property taxes are about $11-12k and ha… more

To all RE small/side investors (Airbnb, LT rentals), have you experienced some challenges in 2023? What are your expectations for 2024?

Anyone have a tenant who doesn’t “get” what it means to be a renter? I have a tenant who loves to call her apartment “her house” & claims we can’t enter, do anything to it, etc. without her permission.… more

Recommendations for Dallas House Inspectors? Needing to get an inspection done in the next few days. We’ve never done one before and understand some things aren’t included like sewer line inspection, … more

I find properties myself and send it to my realtor to make the offer and put it under contract. When I am looking at my closing costs, I am getting charged 1% for the realtor. Isn’t that too much? Esp… more

Interested in a house that is listed on Redfin. It's offering 1.5% commission to buyer's agent. Is the buyer typically responsible for paying their agent the other 1.5% to get to the typical 3… more

If I buy a property all in cash, would it be costly to take the equity out via refinancing later?

Made the mistake of deeding two houses into my llc (no mortgages) and now I can't take personal mortgages our on them and have to take commercial mortgages. Is it worth deeding it back to myself, originating… more

Can I purchase a house valued at 600k with just 5 percent down....$30,000?

Don't want to purchase at that price point but, these days, if I want to get into a decent neighborhood, I don't truly… more

Shopping for rates on 30-year fixed mortgage. I've been offered 7% and 6.875% by two local lenders. 800+ score. 40% down - so theoretically should get best going rate. No points.

Anyone got anythin… more

How much do you cash flow on your property and what are the detail on purchases price / down payment? Curious to see how others are doing

Best tips for vetting out bad tenants? Just listed our first home for rent.

Anyone familiar with the building 321 East 48th street? Aiming to rent a studio there for 3,100 and new to the city

Hey NYC RE gurus…

Quick survey: what’s the highest amount you would pay for a gut-renovated 1-bd (hardwood floors, lots of closet space, but small bathroom and no dishwasher in kitchen) in a elevator c… more

My partner and I are looking to buy our first home probably in 12 months. We have a majority of a down payment saved up, no credit card/student loan/car payments, we pay off our cards in full every month.

We are c… more

I’ve had a condo listed for sale for the past 6 months. No offers, even after lowering the price and offering to pay 6 months’ condo fees to sweeten the deal.

Renovated before listing, place looks good, but lots of units for … more

If money wasn't an issue and you could buy investment property in either Denver, Austin, or Seattle, where would you buy and why? Thinking about all aspects, good infrastructure, weather, property… more

Convert my only bathtub to a walk in shower? Will this hurt resale? This is my primary residence, 1br1ba condo. Planning to eventually rent it out.