The Real Estate Bowl

3334 members
A bowl for those currently in and thinking about real estate investing.

When searching for a lender, what are some things you compare? I have to start looking soon and I feel that whichever bank (BB or random banks) has the lowest rate and closing costs is the best and no… more

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We’re closing on a new build in two weeks from today. We have an inspector scheduled to come out Friday to do a full inspection. Cost is 495. Seems like a lot to pay for an inspection on a new build. … more

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What’s the point of an appraisal?

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For those of you who refinanced in the last couple months, what was your closing cost? I have one w US bank for 15 year fixed at 2.625 but they call for $11k closing cost on top of a $400 initiation f… more

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Which lenders are offering best mortgage rates? I have been a loyal chase customer but I'm not sure if they are going to give the best rate in the market

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Anyone ever purchase a home as a primary residence but eventually rent it out down the line? Did you have to notify loan servicer and go through a new formal process? Not sure if this would conflict w… more

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If I view a house with a Redfin agent am I obligated to use them when I buy? In Georgia if it matters. Thanks

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Anyone with commercial RE experience? What the hell is lease in versus lease out ? Google seems mystified yet seeing terms on software applications. Lease out is ... just a lease. Lease in?

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Is it worthwhile to do real estate outside of a regular 9-5 in the DC area?

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Trying to get into the Indianapolis rental market. Any recommended brokers? Also, any thoughts on Indianapolis vs. Milwaukee?

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Hey all - new to the bowl and new to this process! A few questions: Condo fees are tax deductible? How does that work if my mortgage + condo fees = $2000 and i have someone living in my condo at $170… more

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Looking for opinions on / experience with FHA loans. 1 yr out of college and sick of losing $ renting. Would love to buy next place after current lease is up (8/21) and plan to have 20k in cash + inve… more

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How much do you need in free equity to begin RE investing in either flips or rentals?

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Has anyone ever invested in a syndication?

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Closing in a month for a condo. It was disclosed that the unit has bed bugs in May 2020 and was treated and infected bed frame was removed. Should i still proceed forward? Or is this a big no no

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Closing in 11 days. Excited to get the house but I hate moving.

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Looking to purchase my first rental property in the near future with two “partners” via an LLC. If I run the property at a loss (including 27.5 year depreciation and interest deductions), am I able to… more

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Looking for a good hold harmless agreement for hunting club members to protect the Outfitter. Message if you have a sample form I could use and modify

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Do I need an attorney for closing on a refinance? I have legal services through my company so coat isn't an issue. Everything seems standard so I didn't think I needed an attorney, but I have … more

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Anyone refinance recently and got a great rate? If so, which bank , union etc did you pick. I keep hearing rates are down but can’t seem to find anything in the 2 range.

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So my mom signed over her home to me free and clear. She’s living life without strings. I have my own home so I’m thinking of renting it out. I’ve never owned my own business. What do I need to know w… more

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Thinking about buying a 2 bed condo in nj (journal square).. but the maintenance fee of the condo is $1200/month and then the taxes as well. Total price aroubd 500k to 600k. Have enough for 20+% down … more

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First time home buyer advice? I’m open to ALL advice. For context, currently looking to buy a condominium/townhome in the ATL market.

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Convince me with logical reasoning that putting down 20% is better than 3% with PMI

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Any recommendations for commercial mortgage lender/brokers for investment properties?

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Multi-family investment discussion: what are some of your tips and trips for getting started with your first property and beyond? I'm most interested in creative ways to afford/maximize ROI for th… more

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Painting the interior of my home, which will eventually be rented out. Any recommendations on type of paint to use. Was going with Behr, but a friend said to go with Sherwin Williams.

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Is this the right time to purchase a 2 bedrooms/2 baths in Manhattan or close by as an investment? looking forward to a reply Best N

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I'm close to closing a refinance loan with Quicken Loans. The rate lock in date lapsed and they automatically extended it. Is that typical? Should I be happy or try to get a better rate? Currently… more

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Curious what the typical interest rates are for a 3% down instead of 20%. I’m hearing <3% for 20% down. I’d like to compare. I’m in NJ

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My clients wish to write a testimonial/review for my RE broker services. What is the best site/medium for this? Yelp? Google Review? Zillow? Facebook?

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Any upcoming areas for real estate investment in Austin

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Any experience/suggestions on points to keep in mind before house closing in Austin?

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Graduating in May. What’s the best way to begin real estate investing?

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Anyone here invest in D neighborhoods? It’s like the only place I see even decent capex rates. Everything else is like 5% and less

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Anyone have any Monthly Progress report Templates? Something that is outlining the current status of the project(s). Looking for schedule progress, budget/cost tracker update, major issue resolution u… more

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While a property is under contract, is it okay to increase my credit utilization from 18% to 25%, or should I make sure the percentages stay the same? I had some unexpected car expenses pop up and I d… more

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Thoughts on Charlotte as an appreciation play? I’d definitely prioritize cash flow, but do you see Charlotte continuing to grow and develop?

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Has anyone dealt with significant shifts in appraisals before? We had one done in July and it came out at 815k. Just got one back from another appraiser that is 100k lower. Is this normal?

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Anyone refinance an investment property recently? Looking for help finding a bank offering good rates in this type of loan! 😃

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