All Forum Posts by: Stephen Sokolow

Hi

I was looking for a website to get a close to accurate picture of market values. I wanted to get recommendations. I have heard that Zillow is not accurate in every market. How is it for South Bend in giving a good market value for a particular property? How does it compare to realtor.com?

Any advice on other websites would be greatly appreciated.

Hi

I was looking for a website to get a close to accurate picture of market values. I wanted to get recommendations. I have heard that Zillow is not accurate in every market. How is it for South Bend in giving a good market value for a particular property? How does it compare to realtor.com?

Any advice on other websites would be greatly appreciated. 

Thanks so much for all the feed back so far. That was fast! So I am working on getting an FHA loan now. The problem is that I had a house in my name that a family member lived in. It was foreclosed on about 4 years ago. I do not think I would qualify for an FHA loan. I am about to speak to a broker to see if my wife would qualify. I love the idea of house hacking. Not sure how we would fit into a 4 plex though. The idea to rent out at least 3 of the units right?

Looking for a referral for a South Bend, Indiana mortgage broker.

sorry about the typo. I meant BUY not BUG. Not sure how to edit that. 

Hi all, this is my first post. I am a big fan of the podcast and enjoy reading all of the amazing information on here.

Here is the question. I am 38. I am married with 4 kids and a dog. We have never owned our own home. After many years living in a very expensive housing market we recently moved to the midwest where housing is very affordable. We are renting now for $750 a month. I have also recently come into being able to put down at least half of the price of a home priced at $113,000. That would make my mortgage around $310. 

Do I bite the bullet a buy our first home to live in? Or do I try and invest in buy and hold rental property for cash flow? 

Thanks and looking forward to your feedback.