The Real Estate Bowl

Hi,

Partner is self employed and wanted to buy a house in nyc. How is she supposed to borrow? Every lender seems to think she makes too many deductions and therefore her tax income is considered too low.

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Thoughts on a 5.8k / mo. mortgage when combined household income is 230k? Have combined student and car debt of 1.3k / mo. and a child. I see our income rising closer to 300k over the next 2 or 3 year… more

Has anyone here purchased a condo in nyc ?

I’ve been very interested in going into real estate. Any suggestions on where to start? I am aiming more as property owner as well as generate passive income from it.

So one of my fiancé’s good friends is renting from us. He’s one of the nicest persons we know and very responsible. However, he’s stopped paying rent and utilities for months now with over 10k due. I … more

I am full remote and looking to move to place in US which is tax free state,lesser property taxes,great schools, good airport connectivity, good natural beauty (hikes and lakes). Any suggestions?

Curious what others experience is buying and renting homes to students near colleges and universities? What are optimal areas to consider?

Feeling frustrated because i cashed a lot out of markets late may to pay my downpayment and now the stock market is unstoppable.

But now in one of those towns that has incredible appreciation (27% last yoy) and b… more

Am I crazy to buy a 600k house, 20% down. Monthly pmts (including property tax & insurance) would be a little less than $4k assuming 7% rate. Current HHI is about 10k/mth but my wife's portion… more

Considering buying a 420k rental putting down about 40%. Rental income is 2600 with a cap rate of 6% thoughts? It cash flows but I don’t account for vacancies and capex for now since it’s a newer unit

How much did it cost to replace your roof? I’m in Texas and just got quoted for 7-8k for complete roof replacement no insurance

What’s the best way to find a solid painter? Looking to turn my primary residence into a rental as I am moving to another school district. Just want to get the interior 2,900 sqft painted before renting it out. <… more

Buying a home and got quoted 6.375% no points or lender cost on 30y fixed conventional. I got this through own up. Are there better rates? Any suggestions on lenders to check out?

Who’s buying and who’s selling their investment properties right now due to the high interest rate environment?

Stupid question, how do real estate software companies (like Zillow/Trulia, rentometer, and others) get access to MLS information?

I believe Redfin is a brokerage so I assume they have licenses, which… more

Looks like the Fed increased a quarter points again on interests. Any insights into when we can expect the interest rates to start going down. One year? Two years?

Hi Everyone! As a new realtor, I just signed on with Coldwell Banker and as I’m gearing up to start my real estate journey, I’m finding that maintaining a 9-5 has been extremely difficult. Does any on… more

Would it be stupid to make a down payment on another multi-family property using a Heloc?

Interest rate is crazy high for investment properties. Considering renting my place and buying a new one. My home can rent $1k-1.5k above PTI due to the low interest on the property. The new construct… more

Any recommendations for a lender in NYC (mortgage)?

Have you raised money from outside investors? What strategies did you use?

Unique to NYC.
Have an accepted offer on a coop. The lawyers' rating on its financial health is B- after going through the due diligence. Should I run away from it?

Bought a condo recently in MA and needs some work done. Any recommendations on things I must change before moving in? Also can someone help me understand what security system to put at the door? For e… more

Hoping to buy my first rental property and looking for words or encouragement, advice, or a reality check — This will be my second home. I’ve got 10K saved up and plan to have 60K by the end of the ye… more

Anyone able to guide me on how appraisals are handled for a new build? Completion will take 8-10 months and I am worried that a “possible recession” by then “may possibly” lower the appraised value. I… more

anyone willing to share their investment property analysis? I have a thorough one but would love to compare and contrast and confirm I'm not over indexing on certain items.

First time home buyers, how do you start looking for homes ? Through Zillow or through agents ?

How bad of an idea is it to rent out an accessory apartment without its permits?

Suggestion needed : I am planning to move to out of US in couple of years, might come back later but not sure. Looking at this uncertainty do you think its good idea to purchase home? How difficult it… more

How long did you go between buying your house and doing major work on it? And what did the work cost vs initial costs and how long did it take?

We’re closing this week on our first house and it’s gener… more

Looking to sell our personal home in California in 2 years in HCOL, probably around $2.5M+. Should I get my real estate license or can I just sell by owner? My concern about getting my real estate lic… more

What’s your dream house/ apartment like? Not talking about 30 million NYC luxury penthouse - what’s something that it’s just slightly out of reach for now but you are working hard towards it and hope … more

Is the short term rental market oversaturated? Considering buying a rental home in the Destin/30A/PCB area.

Spouse and I currently own a condo and are looking to move into a SFH in the next year. We’d like to rent the condo but are on a waitlist to do so per HOA rules and don’t think we’ll get off in a rea… more

You own a condo worth $150k, it’s a college town so students will rent it if you rent however it’s in an area and state you don’t plan on staying in and you want to move. would you sell the condo and … more

We close next week on our first house! Can I just go to my bank the day before and get my certified check? Do I need to do anything in advance? All my money is in my savings should I transfer to -

Our HOA is on everyone's ass every single month about weeds and lawn care, issuing violations, and this area is particular prone to weeds (they acknowledge this). Is there any sort of grace we can… more

In mid west area not finding much options for 2000's homes more 80% homes are sale for 60's 70's and 80's sone of them are completely remodeled but not sure should we pull the trigger … more

Does anyone have a house for sale in the Houston Market, that is not market ready? My wife and I are looking to buy one in the next 2 to 3 weeks! Thanks in advance!