All Forum Posts by: Caleb Andrea

@Tom Wagner, this is a good post and makes a lot of sense. I'm in, what looks like a rare funding scenario in that area, with the VA loan.

Thank you very much @Josh Starner.  

We are currently trying to put down as close to 0% down as we can for the same renovation and safety net reasons, and have also just started putting in verbiage saying we will cover a specific amount on the appraisal gap.  I just wasn't sure that putting more or less down after identifying a willingness to cover a certain appraisal gap would matter.

This is just a totally different market than the last time I bought a house so I am behind the curve on figuring out a good strategy and knowing how offers translate from realtor to seller.

I am currently trying to buy a house outside Boston (absolutely brutal market) and my realtor just told me the more money I can put down on the property, the better my offer will look.  

My question is, why would a seller care if their money is coming from a bank or the buyer's pocket?  As long as they get their money, does it matter?

I have recently started to analyze deals on paper and use resources that I find to complete my analysis. But then I found my resource for finding rent was likely not so good, and also that I might be calculating RoI wrong. 

Then I find all these tools in one place in BP. I am very tempted to upgrade to a Pro account and just have the BP tools do the hard work for me, but I feel like that might be cheating and that I might be worse for it in the long run. 

Would I be cheating myself by going Pro so early?

It looks like I will likely be re locating to the Boston area and Zillow seems to have plenty of options showing north of Boston/South of NH. Are people leaving the Eastern half of Mass right now?

@Matt M., no bubble, check. 
It also sounds like if I have to move there this spring, I’ll have to be very aggressive when making any offers. 

@jeff 

@Jeff White, this point about renting out rooms is interesting and crazy!  I would usually only think room letting would be something you would see right around college campuses, but for those prices we are talking about single professionals staying light and mobile. 

When it comes to pricing and inventory trends this year, should I expect it will be the same an hour radius around Denver and all the way down to the Springs?

Thank you @Chad Rocke, this is great advice and what I have heard from some of my friends.  I guess just because it's not what you want to hear, doesn't mean it isn't good advice.

I will get to studying up on Denver and the Springs area so that when it is time for me to move, I will know what a good/bad deal looks like.

I'm trying to use the info in this thread for my personal use.  I'm moving to this area for a new job and would like to invest at the same time.  

My concern though, is that there is a potential bubble in the Denver/Springs area that will pop 12-18 months after I move there.  Will prices come back down after inventory hits the market in the spring, or should I just wait until 2022 to buy?