How are we feeling with interest rates declining back into the 6s? I feel like now’s a great time to buy before demand picks back up in the new year and if rates fall even lower we will start seeing bidding wars again

like
Posting as :
works at
You are currently posting as works at

Yeah I can get on board with that assessment

Buy now during the winter sounds like a good thought to entertain

Buying before the spring market craziness is always a good choice

What RE segment are you looking at? SFH?

Yup some single family homes to get a rental property going

Will this be your first rental investment? What markets/regions are you looking in?

Most likely a property manager. Not sure if I will love the landlord role

Now will rent for apartments go down as everyone gets a home?

No. Rents are more likely going to go up, because expenses are going up.

like

April-June are the peak months for real estate sales in the US. So, this is a great time to find a good deal. Have your agent ask for seller concessions. A 2-year rate buy down is common right now.

If you can afford to buy, get a Buyer’s Agent and go shopping. When rates go down, demand will outpace inventory again and prices will go up. Whatever you might save in interest by waiting - you will end up losing by paying more for the house.

Post Photo

Yes and rates are already falling back in 6s.

Related Posts

Need help looking for a 1 bd, I’ve tried domu/Zillow but none of the options are appealing. Should I be using a realtor?

Budget: $1,200
Areas of interest: LP, Lakeview, Wicker Park, Old Town, Streeterville, West Loop, River North

like

Does anyone have any good mortgage broker recommendations that will help find a way to not pay PMI?

like

Looking to transition to a new career, possibly to SWE. I have a physical science background with some student loan debt. Before I dive into more student loans, I wanted to check out some Software Engineering boot camps....

Any recommendations? What's your personal experience? Are they worth paying, or is college the way?

likeupliftinghelpful

Anyone have any tips or ideas on how to collect money owed from a client? In a few months it’ll be two years since the debt was incurred. We send monthly reminders of the bill. It’s a significant amount (well to us) and the client is now starting to open up and telling everyone about the situation that we helped to resolve.

like

I know there is no black & white answer, but what’s your thought process in deciding when to sell and keep the profit?

like

Current Tenant Rent: $1075, Monthly Payment: $400 (with property management), Initial Repairs: $2-5K, Down Payment: $12K

At surface level, do these numbers check out?

like

Can you set automatic investments in TD Ameritrade? Looking to DCA at the start of every month into index funds without having to manually buy. Thanks!

like

Anyone holding Hyln for long term ? What did you buy it for and what is your price target ?

like

Is 80k cash + 20k company share a good deal for a junior dev role in the bay area?🙏

like

Don’t mix Investment and Insurance.
Buy term insurance in your early age.
Invest mix mode equity and debt .
Ping me for invest and insurance help.
Also get discount price for insurance

like

Guys, what platform do you use to trade US stock?

like

Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

What books would you recommend I read?

like

Which bank account is better for salary account?

HDFC
Axis

like

Think Covid is gonna get out of hand in the few months. Any stock recommendations in light of this?

likesmart

Our appraisal came through exactly as the offer price we put. Apparently by lenders 3rd party. Isnt that a bit fishy? If it came in lower our contract has the option to negotiate a bit with seller. Is lender just trying to push this along faster? I'm pretty sure in this crazy market the home is not valued at what we offered. Why would seller put a much lower asking price then? Make no sense. Please advise!

likehelpful

I am moving to Charlotte, NC for a new job. I currently live in Portland, OR and have a single family home here. With my income, and current mortgage, I can afford a 350k house I’m Charlotte with about 10% down. What are the pros and cons of buying a new place in Charlotte and then sell my house in Portland?

like

Is it okay to buy a home worth 660K for a couple earning 325K TC together? The HOA and taxes for this home bring the monthly payment up to ~4.8K which is ~32% of our monthly take home after tax…we’re first time home buyers, any advise is appreciated!

like

Has anyone used The Warton Group for 401k appointments? Seems like a lot of money for uncertain success...

likehelpful

Could anyone recommend a set of indices that are publicly available and is a good predictor for consumer spend in home renovations ?

like

More Posts

Anybody using P100 masks instead of N95?

like

Has anyone here worked with TRS Healthcare (travel agency)? Any recs for good agencies or tips for first time travelers?

like

Would ey gds renegotiate the package with just few days of joining..?

like

Hi All,
I am joining EY GDS next month. I have heard a lot about hectic work hours in EY and no work life balance. Is it true? If yes, how many hrs working should we expect in a day to be mentally prepared.

like

Hi all,

I am currently serving Notice Period and will relieve in First week of May. Will I be getting any Bonus for this Financial Year (Which is evaluated from July-June, and will be credited in August) thru Prorata Basis?
If yes, when can I expect?

When is the final settlement like Leave balance encashment and Last month salary credit be expected?

like

Does anyone have an idea of claiming the LTA reimbursement and could help with the process?

What will be the effect of US recession on KGS?
What should we be ideally prepared for in worst case scenario

like

Has anyone cancelled their relative’s flight on Delta and used the eCredit to book flights for themselves later? Looking to cancel a flight for someone and not sure if I can later use the e credits since they won’t live here.

like

Mindtree vs Infosys , which one to chose.. same package. Job security and work life balance are main.

like

Is it possible to transition from Sales Manager to consulting. Currently making around 100k per year and would like to make a move and potentially make 20-30% more. For context, I have been at my current organization for 4 years and have grown my teams annual revenue from 1,000,000 to over 4,000,000 primarily through improving the culture, processes, and quality

likehelpful

Is McKinsey Middle East not growing as fast as some of the other firms (BCG, Kearney, S&, …)? Haven’t heard of many people interviewing of late, especially for the UAE offices

likesmart

Automation QA job

Post Photo

Hello everyone, is there any openings for designing and animation field?

like

How should a structural engineer with 2 and a half years of experience be earning?

If you guys know any accounting students graduating from December 2019 - August 2021 looking for winter 2020 internships at the NY Office, send me a pm and I can get you connected to a recruiter!

like

As someone who has spent 7 years in the recruitment field specifically helping those who originated in audit or partnership tax compliance I’d be happy to answer anyone’s questions! Please only those that live and work in NYC.

like

P&G tells Campaign they want less Account Execs and more Creatives for their money. My agency has six account people and two creatives on a major client so this makes sense!!

likesmart

Am I the only one who laughs when I read “no remote” in the middle of this Delta surge?

like

Fresh grad, just started work in the US (~1 month in) but want to move back to Dubai due to personal reasons. Will hitting the 6m mark (1y won’t be possible - immigration) be helpful? (Cont)

like

Hello! I need some (creative) suggestions on how to do a video interview. I live in a very small 1br apartment with my husband occupying the bedroom for work during the day and a 2 yr old occupying the living area. I thought of the kitchen but it’s proximity to a busy road makes it a little too noisy to have a good call. The bathroom perhaps? Will that create an echo? I am thinking of using a backdrop so that the mess will be covered up. It will be a 30-min interview.

like

Additional Posts in The Real Estate Bowl

Current Tenant Rent: $1075, Monthly Payment: $400 (with property management), Initial Repairs: $2-5K, Down Payment: $12K

At surface level, do these numbers check out?

like

Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

What books would you recommend I read?

like

Our appraisal came through exactly as the offer price we put. Apparently by lenders 3rd party. Isnt that a bit fishy? If it came in lower our contract has the option to negotiate a bit with seller. Is lender just trying to push this along faster? I'm pretty sure in this crazy market the home is not valued at what we offered. Why would seller put a much lower asking price then? Make no sense. Please advise!

likehelpful

I am moving to Charlotte, NC for a new job. I currently live in Portland, OR and have a single family home here. With my income, and current mortgage, I can afford a 350k house I’m Charlotte with about 10% down. What are the pros and cons of buying a new place in Charlotte and then sell my house in Portland?

like

Is it okay to buy a home worth 660K for a couple earning 325K TC together? The HOA and taxes for this home bring the monthly payment up to ~4.8K which is ~32% of our monthly take home after tax…we’re first time home buyers, any advise is appreciated!

like

Is a sloped floor of 1/2” over 10’ noticeable? I have to make room for conduit and cannot trench in my current place

likesmart

I'm early in my career, managed to save $30K to invest, and want to get my hands dirty with a rental property without too much risk (e.g. no HML/flipping). It sounds like that's a tall order in the NY/CT area given the prices, not to mention whether I'd be able to get a mortgage on anything below $100K, but I figure I'll give it a shot anyway. Any advice on what you might do in my position? Am I being crazy with this idea?

like

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

like

I'm under contract for a new build in progress that won't be done until much later this year. I fully expect interest rates will be higher than what I originally estimated. I may or may not try to lock in a good rate early, but I'm planning on renting it out and this throws a bit if a wrench in my margins. I can take it financially, but wondering, If I absolutely needed to get out of buying it, what recourse do I have? Or could I go ahead, and refinance later (who knows rates at that time...)?

like

Any potential flags/benefits for dual agency? My agent and the seller's agent work for the same company.

like

My assumption is that one makes money in RE with leverage. So, would you never let your equity in any given property get above certain% (I.e re-leverage and invest elsewhere) or would one eventually want to own a property outright?

like

I would like to learn more about development and real estate. Can anyone recommend any books or courses that you think are informative. Eventually I would like to own a few apartment buildings, but I know there is a lot I need to learn 1st. Any advice appreciated. 

like

Interested in development. Any recommendations on how to get started? Are there any organizations that will fund any part of a development project?

like

From a financial standpoint in this market, which would be a better approach in Austin -

1. Buy a ~8-850k house that meets most of our ideal criteria (size, schools, interiors etc) to stay long term

2. Buy a ~5-550k house that’s not ideal with the plan of moving into an ideal home in 4-5 years when kid is ready for school.

How easy is it to get a mortgage for the second home?

Household income - 300k

Happy to add more details as needed

Thanks

Does anyone have experience managing an out of state property yourself? Are there any tips/services you use?

like

For anyone that has bought a townhome from Lennar, are the walls fairly well insulated for sound?

What, if any, were your main complaints?

like

How might I start to evaluate whether or not it’s worth it to keep my current primary residence and turn it into a rental, instead of selling and using the cash to roll into the next down payment for our next home? Currently in our “starter home” and thinking to upgrade in a few years. Some figures to consider for current house - 299k purchase price, 240k left on mortgage, could prob rent for 2250-2500/month, or sell for 375k. It’s in a desired school district, but in the “city” tax district.

like

Looking to buy in the DMV suburbs (northern VA). Is this the wrong time for such a move? Beyond down payment, got about 6mo emergency fund and must tap into it for moving&house expenses like furniture

like

Would you pay an extra ~$100/month on top of existing monthly PITI for access to $65k in equity from your home? Want to use it for either A) down payment on new primary or B) net new investment property and see if that can fund the next primary

like

This isn’t relating to investing but we are looking buy a SFH in South Orange NJ. We are have a 2 yo and we are moving from Sacramento. It is a close to a train station to New York.
Does any one here have any info, good or bad things to know about the area. We toured 3 different homes and they were relatively affordable by (600-750k) and it seemed like a small town community but we are not familiar with east coast/ New England. It’s going to be our first move there.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal