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Is rocket mortgage good? Please help!
Net worth and age - go!
Is there a home buying group for Seattle area?
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Invest in foreign stocks and efts. As you need to diversify your portfolio.
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5.12%club
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Never put all eggs in one basket.
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Amazon with the comp changes 🤑🤑🤑
What’s the longest time you’ve waited to hear back after conducting your final loop interviews for FAANG Companies??? I finished mine last Thursday & they told me I will get my decision between 9/6 - 9/9.
I feel like this wait is torture!!!!!! I’m also a CW so hoping I get this role so I get converted over to an FTE.
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Mentor
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Mentor
How bad is it? It will need to be livable to get a conventional loan. If it’s mostly cosmetic, it’s not a bad idea.
How handy are you? How much would you do prior to moving in vs. updating over time?
Mentor
So you’d need to live somewhere else while you reno? And you have no experience doing this previously?
Sounds like a plan for being overcharged, stretched thin on time and patience, and potentially emotionally scarred. But if you think it’s a good idea, go for it? 🤷♂️
Think how much time you can realistically spend on it every week
Searching for business partner to buy a Reno in West Palm Beach, Florida be a local, solid credit, great personality!. Please DM or comment
I actually prefer gut jobs bc I get a chance to fix it up the way I like it and build equity. My previous house and current house were all complete gut jobs, and I just completely renovated an apartment.
I think the key for these types of project is to be disciplined and stay within budget, and the quality of the contractors make so much of a difference.
Cost has gone up for sure, just need to do your due diligence and plan. The 1BR apartment in Manhattan I just gut renovated cost around $75k, which was on the lower end of the range.
It’s more “advanced” than normal home buying, but sure!
You’ll want a construction loan. That will be interest only. After you get a quote for a renno, the bank will buy property plus an amount for construction. Once completed then you refinance to a standard loan
Mentor
Also - many construction loans come with a timer on them. So if your project runs long (and most do, especially for first timers), you may need to refinance twice
Give yourself plenty of contingency budget for the unknown unknowns! Case in point: my bathroom reno had a 20% change order for structural issues and needed a new subfloor.