The Real Estate Bowl

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A bowl for those currently in and thinking about real estate investing.
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What directions are the most ideal when looking to buy a home especially folks from Asia who look at Vaasthu?In this tough market it’s hard to get an ideal one but wanted to understand from others?

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Seller is not willing to share a structural engineering report from 2018 because, "it is a snapshot in time" and they say they implemented all of the report's suggested repairs. Thoughts… more

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Planning to buy townhouse of 550K. HHI pre tax 360K. No debt. Maxing 401k for both myself and spouse. HCOL. Am I being too conservative? What budget should I keep?

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First Time Home Buyer - Any recommendations on key things to look out for? Where to find lenders, details on closing, overall process? Location - NJ. Any leads will be appreciated!!

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Looking to buy a property that has a very wet backyard. It's not in a flood plain, already has a french drain, but is still continuously growing moss and losing soil integrity. I have a dog that I… more

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How long do your rentals generally stay on the market before finding a tenant? We priced on the higher end of the market but wondering how long to let it sit before reducing?

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Anyone have a good buyers agent they’d recommend in NYC?

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I bought a duplex built 1905 , they are well maintained , one unit that’s the 2nd floor is in excellent condition but the 1st floor looks old on top of it has a really awkward layout and squeaky old … more

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Do you think this deal is worth it. Northeast small multi family BRRR deal ($1 million). Hold period of 3 years. 12% cash on cash return and 2.5 Multiple on the equity at exit. Thoughts?

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Where’s the best place to get a HELOC? We bank with chase. Our lender said they don’t do HELOCs. He recommended a local credit union. Any other suggestions?

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Just rented an apt to new tenants. They asked if we were going to paint and I said we would touch up the areas needed. So they said they wanted to get their own colors and paint on their own. I offere… more

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Which platform do you use for collecting rent?

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Are there any provisions that help in elderly persons climbing the stairs. Have an elderly parent with acute arthritis and unable to find good houses with a bedroom downstairs.

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10/1 ARM math at 2.625% vs 30-year fixed at 2.875%. Pay $1,100 now to save $100/month for 10 years. Break even at 11 months and will save $10,900 net in interest during the first 10 years. Sure no o… more

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Few weeks ago, noticed some ants under our sink. Wiped down counters and became more vigilant, and overtime saw little to no ants. However, earlier today I saw a bunch of ants in the pantry. I stood t… more

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Best and cheapest tenant screening services out there?

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Anyone here own commercial properties? Looking to start investing in some and wanted to know what it’s like acquiring your first property.

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Can anyone who understands closing worksheet and Title fees, help me understand this? This is in Chicago for reference. The Title fees seem outrageous for a $590k home. Should I have shopped for this. My attorney said the sellers agent will arrange it, but I guess we pay for it?

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HELP! Put in an offer on a home where the seller did not disclose cracks in basement walls in Real Estate Conditions Report. Now their realtor is accusing me of breaching contract, which is untrue. I … more

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What's the best website for tenant screening and creating a lease agreement?

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My previous landlord is not returning my deposit in lieu of damages. as far as I am concerned we returned the place in the condition we had received. What are my legal rights as a tenant to dispute t… more

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What qualifications do you have for a tenant- credit score, income etc? How do you decide on a tenant- if there are multiple applications.

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Would you recommend purchasing a condo for rental purpose in this hot market? Wondering if I should purchase now (have liquid cash) or wait.

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Thoughts/experience with martel turnkey? Any similar company do you recommend? Planning to buy my first rental property. Do you just sign the papers with them then collect rent? Obv Im trying to get m… more

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Question: I’m under contract, during attorney inspection, it was found that the sellers agent made a mistake and listed the hoa a couple hundred less than they actually fee. If I back out now, can I g… more

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If I want to start acquiring rental properties, should I diversify markets and hire property managers, or stick to one area where I can manage. Volume would be a total of 3-4 properties as Airbnb or y… more

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My condo has been on the market for five days without a single showing. Tell me everything is going to be ok.

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Any other first time home buyers in here constantly reflecting on how cool it is to own your own home? Just me?

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Is 10k in closing costs high? And any drawbacks to putting down 5% instead of 10%? Lender tells me it’s the same rate. With interest rates below 3% i kinda want the extra cash in the market instead of… more

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How do you move on after losing out on a house??

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Does anyone here use Evolve to manager their vacation rental? If so, how is your experience using them.

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Should I borrow $70k more with my 30 yr mortgage even though I have no immediate need? Tempting with at 2.5% interest rate.

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Want to rent out my home without using an agent, where can I find market analysis for pricing? How are you guys doing it?

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Considering buying a triplex in the Bay Area. To be competitive I’d need to be able to close quickly. Any insight on bridge/private/hard money options? Just want to be sure I can refinance to a conven… more

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One of lenders I am working with is asking for 750 pre payment to finish he application, which has lie, 30 pages of signatures. The other lender gave me a preapproval letter. Is the 750@ normal t… more

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When selling/buying a house: are included appliances a big deal? Fridge, washer, dryer? Technically you could sell them off, make a grand or so. Or is there more value with the statement “all applianc… more

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Any recs for accountants who have experience with real estate? Preferably in the Raleigh NC area

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Any Property Management recs in Seattle area? :(

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Need to replace some light fixtures and am clueless. Any ideas?

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Thoughts on interest only mortgage? I have enough down payment to keep my monthly payment to a comfortable, desirable amount but I’m starting to think that it might make more financial sense to keep s… more

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