The Real Estate Bowl

Good morning everyone

What are the biggest and/or lesser known items to negotiate with the lender and agent to bring down overall mortgage costs? (closing costs, maintenance fees, property tax, title insurance, etc what all is negotiable?)
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How long did it take you to actually set up your new home to your liking? We had our second child and moved into a new house 6 months ago and feel like everything is still bare bones, but functional!

Anyone wanna offer $600k in private financing to assist in buying a 14 unit apartment block with 2 duplexes. 16k+ sqft, and partnered up with the owner construction crew for any renos required. DM me … more

Thinking about taking a $50,000 loan from my 401K to fund 20% downpayment for my first house in the Greater Atlanta Area. Is this a smart thing to do considering the limited uses of 401K funds? I'… more

Hi Fishes - looking for some advice please. Is now a good time to buy a single family house in Houston? We are hearing mixed feedback with expectations that this year may see a strong hurricane season… more

Does anyone have Elite home warranty? If so, how is it? Any good or bad thing

Is there any grant for first time homebuyer in New York State if I’m looking or buying a home for rental property?

First time investor: what’s your advise will be for a 360K home, 20% down & with current rates on 30 yr term, $200 +ve cash flow. Should I consider it or pass? What else should I consider while th… more

Banks writing HELOCs against investment properties? Anyone know? I want to prepare for the coming credit crunch.

Renting a house for the first time ever. Is it normal for a lease to state that I do not have the right to break the lease? I’m used to seeing a fee of 1-2 months of rent plus security deposit.

On the flip side i… more

I’m thinking about leaving consulting and start a real estate portfolio. I want to start by buying fixer uppers and flipping them for either sale or rent. Any advice on how to get started and loans to… more

Thoughts on putting a larger down payment down on a primary home in order to get my monthly costs to a very favorable number, knowing the opportunity cost of taking that money out of the market? The a… more

Anybody recently closed on housing loan in Bay Area, California. Looking for prevailing interest rates and Lenders Recommendation.

Is now a good time to buy a home (in Bay Area, CA).. given the interest rate situation. Etc.

I took out a HELOC to fund a downpayment for rental property. I put most of my bonus this year to bring that balance down to about $11k, and am thinking of selling some of my company stock to finish … more

Hi all - can anyone tell me the pros/cons of a HELOC loan?

My neighbor harassed me today. I was entering my building and she stopped me, and told me to not put food out for birds as she doesn’t enjoy the sight. Bread crumbs I put out is under a tree beside t… more

I don’t understand how people are finding cash flow positive rental properties with rates this high! I’m in Florida and it seems impossible

Looking to buy a SFH in NYC. Most of the houses are built between 1910-1930s. What risks are there in buying a house this old (other than asbestos and potentially old plumbing)? Is this a bad idea?

Is there a company that needs forever stamps?

Looking for land and Spring Branch Central Texas area non-commercial.

Considering investing in an airbnb in the north GA mountains (based in ATL). Just curious from airbnb owners out there- has demand softened dramatically for your property? Have you seen it start to co… more

I am thinking about purchasing a town home or SFH in the Greater ATL area. Which one would you choose and why? My budget is ~$285K and I work in Midtown. Looking for 3B & 2.5BR with garage.

I purchased a condo a few years ago and have been experiencing escalating harassment from my neighbor (blasting music, making threats, etc). Has anyone ever sued their neighbor, management company or … more

What are all the steps I need to take to put my rental property in a LLC in CA?

Does it make sense to form an LLC if I have 2 business partners and we’re looking to start purchasing multi-family, long term rental units? What would be pros/cons? I’m assuming the 3 of us would want… more

Newbie question. If I rent my house I have to pay income tax on rent received. How much can I realistically offset due to depreciation or other tax deductions? I’m trying to gauge whether renting my h… more

I need to buy a primary residence within the next year, target cost $1m-$1.6m. I have about $1m in cash sitting in a 4.5% HYSA. Ideally want to keep monthly mortgage expenses to $5k once I buy. Should… more

First time home buyer seeking guidance:

We are a family of three, have a yearly income of 200K and are looking to buy our first home. We can’t decide if we should go for a 3 or 4 bedroom homes.

4 bed comes with 2… more

Is it common to not know who the tenant is if the property management company handles everything?

Do investment properties negatively impact DTI if done in my personal name? For context I have a property that costs 1070 PITI, rents for 1550. I am looking at a Duplex of 150k, roughly 1100 PITI, wil… more

Hello, am I allowed to rent my single home property to only qualify senior citizens? Similar to the 55+ communities? I don’t want to make a posting and it’s illegal.

Financing question - spouse and I are putting $500k down on a $850k home. Our goals are to minimize fees / interest and own our home outright. Additionally, we have one condo worth about $420k we wil… more

Quick question: our landlord has increased the rent twice within the last year and they stated that paragraph 26 of our lease permits, the changes of rent in advance of 30 days. I thought that you can… more

Homeowner with backyards and front yards what do u do to keep your grass thick green and weed free? How many times in a year you do weed spray, fertilizer and put fresh mulch. i am based out of Chica… more

I was able to buy the vacant lot next to my house. We are exploring building an additional garage with a simple 2 BR “apartment” upstairs (think ADU) that I’ll use for my home office, and it will be a… more

How’s the market ?

First time homebuyer - there’s this house I walk past daily under renovation and I’m interested in seeing if it’s for sale. I know I need to get preapproved first. Who do you go to get pre approved? I… more

Hi everyone,

How do second home mortgages work? What is the required down payment ? How long do you have to live there?
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