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Results (10,000+)
Chris Seveney Broker Price Opinions are useless
31 July 2024 | 19 replies
The valuations on them appear to be completely arbitrary and in many instances the company seem randomly selectedWe had one recently from someone else who provided the opinion and the comps were 7 miles away and from another jurisdiction - whereas this property while in a more rural area had considerable sales that could have been used.If you use them to get an idea for property condition I find them to have some value but since they have no interior inspection reports, they are at best just a random guess of the value which could be off by 100%If you think residential BPOs are useless, you should familiarize yourself with BPOs on commercial property…..First, I’ve NEVER seen a BPO on commercial property that utilizes the income capitalization or cost approach.  
Jaekwan Lee Do I need to make sure that a deal is under 1% & 50% rules?
30 July 2024 | 12 replies
If you are planning on buying it with a smaller down payment, that will also increase your mortgage costs as you are borrowing more and also need mortgage insurance.The price of the home (from the seller's perspective) is based on market value and condition, not on whether or not it matches the 1% rule.   
John Underwood Insurance recommendations for Pigeon Forge area
29 July 2024 | 11 replies
One of my properties cost me a little more, but the other two were less than what I was paying with foremost insurance.
Jeff Shu Is landlord responsilbe to keep commond ground clean?
29 July 2024 | 6 replies
Tenant’s failure to maintain any item for which Tenant is responsible shall give Landlord the right to hire someone to perform such maintenance and charge Tenant to cover the cost of such maintenancePremises defined in the lease as follows:  Landlord rents to Tenant and Tenant rents from Landlord, the real property and improvements described as: address of the rental property (“Premises”).1.
Abel Curiel New York Househack Update: Market Snapshot for 2-4 Unit Properties
30 July 2024 | 1 reply
This, however, changes not only from county to county but also by neighborhood, zip code, school district, etc.Another change we are witnessing in real-time is increased seller’s concessions, which can go towards financing closing costs or buying down the interest rate.
Anna Washburn Anyone have experience in buying a laundry mat?
29 July 2024 | 10 replies
Unless your mechanically handy your maintenance costs will eat you up.  
William Trabold Structuring a Partnership Deal
28 July 2024 | 1 reply
We currently own one door (split acquisition and closing costs and contribute equally to management and ownership), and have split equity and cash flows from the property - also pretty standard in my experience.My question is this - I want to purchase a house hack and would like to use our current business entity for accounting purposes (tracking income / expenses / etc).
Patrick Thomas Dickinson Sell my primary capturing the equity and investing that money in the stock market
29 July 2024 | 5 replies
My current primary ( scenario 1) Keep the primary for the life of the loan ( current rate is 4.5 so i dont see my self refinancing anytime soon)current home value 1,150,000Loan amount 935,000appreciation estimate 5% per year after a 28 year hold and the house is paid off I would have a house worth 4,312,000$my current mortgage is 6125$ ( piti) included My second option( scenario 2) Sell the house, walk away with $150 ,000 ish in hand and put that into a low cost index fund Rent a house elsewhere for about 3000$ ish and take the extra 3000$ im saving everymonths from not having to pay my mortgage and puting that money in the index fund as well I ran the numbers on both of these scenarios and doing what I mentioned above would break even at about 28 years meaning my stock account would be worth 4.3 million just like my house would , but the only is that holding a house for 28 year would mean 28 years of property taxes, loan interest ,home insurance and repairs etc whick I calculated to be about 1,200,000$ at minimum which raised my eyebrows to say the least Also i understand that each of these options ( stock market vs real estate ) will have there tax consequences ( long term capital gains) so any thoughts on that would be appreciated as well.  
Anna Philibert Advice Needed: Buy a Home Now or Wait Until We Settle Down?
28 July 2024 | 12 replies
But why would you buy one property in an area you are likely to leave and then have to manage a one-off (not cost-effective)?