- Nov 16, 2001
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Doubt it'll stay this low since the Fed already stated that they would allow interest rates to go up.
Home Buying & Real Estate Thread
- Thread in 'General' Thread starter Started by TYE_The Time Traveler,
- Start date
This.
I just spoke to some family members that's in the business.
Housing Administration dropped the Mortgage Premium by .5% :x
NOW is the perfect time to buy!
- Jul 26, 2012
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keep this thread alive.
i started taking real estate classes to get my sales agent licence. i started in october, i hope to be licensed by july.
i started taking real estate classes to get my sales agent licence. i started in october, i hope to be licensed by july.
- Dec 28, 2004
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I planned on refinancing, but i believe you need to have a lil cash for something similar to a closing cost, is this true?
- Nov 16, 2001
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Not necessarily. Some companies will allow you to roll the refi costs into the loan. I just refinanced a couple months ago. Was about to put down $1500 for the costs. Once I did a cost analysis, it would take about 8 years to get a return on the difference between the no cost refi and the $1500 one.
- Jul 21, 2012
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Has anyone bought an investment/rental property in another state? Any experiences / tips / suggestions?
- Apr 12, 2011
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Good question i have been looking into this recently
- Nov 16, 2001
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Just got to listen to the CEO of Keller Williams speak today. Some great stuff. Takeaways for Real Estate pros:
- There are no good and bad markets, only markets and opportunities to help people
- Pay yourself first. Make it at least 10%, if not more
- Have a rainy day fund and make it separate from your other accounts.
- Real Estate runs in cycles, generally in 7 year stints. His key indicators were to evaluate the supply and demand of the market, if they are out of wack, look for a market correction
- If you're investing in Real Estate, always make sure it has a positive cash flow. Even if there is significant appreciation, you don't want to feed the property if the market turns.
- There are no good and bad markets, only markets and opportunities to help people
- Pay yourself first. Make it at least 10%, if not more
- Have a rainy day fund and make it separate from your other accounts.
- Real Estate runs in cycles, generally in 7 year stints. His key indicators were to evaluate the supply and demand of the market, if they are out of wack, look for a market correction
- If you're investing in Real Estate, always make sure it has a positive cash flow. Even if there is significant appreciation, you don't want to feed the property if the market turns.
- Feb 6, 2010
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Question for yall.
Im out here in the bay area where the market is am anomaly as far as price and demand at this tim . How yall feel about bmr homes?
Im out here in the bay area where the market is am anomaly as far as price and demand at this tim . How yall feel about bmr homes?
- Jul 23, 2012
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Was there anything you found out about this? Wifey and I want to purchase a house in Arizona while the prices are down and we would eventually move into it. I heard banks are not willing to do an investment property without having prior investment history or at least 25% down. And I heard rates are higher.
- Jan 11, 2014
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What is your guys monthly mortgage:net income ratio? I know the rule of thumb is .25-.28 of gross income, but my wife and I found a great house that would be a .34 (mortgage:net). Together we make 6 figures, so .66 of our income would be a lot more than .66 of someone who is making 60k. I'm trying to justify this and it fits into my budget, I just really don't like that .34 ratio. Any advice?
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- Dec 3, 2007
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I'm looking to do a small place no more than 1000 square feet. Small bachelor pad. Pops friend builds these small homes in 90 days.
Heres one I really like. It's only 400 sqft but as a Navy veteran I'm used to storing my worldly possessions in a space the size of a coffin.
That's a really nice house.
Does your friend's pop have a website?
...
- Feb 2, 2015
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Denver housing market is at an all-time high, our house we built in 2011 appreciated 23% in 3 years. Sold it and now we're building another new joint.
Meritage Homes has, by far, been the best experience I've ever had in making a large investment.
2 more months and we should be in there. 3 car garage, 3,900 square feet, hardwood floors entire house, his and hers closets, sinks, his and hers showers, walkout basement, private balcony off master bedroom.
My bad for being a cornball and talking about it, but I haven't been this excited since I got my first car at 15 lol. 17 years later...
Meritage Homes has, by far, been the best experience I've ever had in making a large investment.
2 more months and we should be in there. 3 car garage, 3,900 square feet, hardwood floors entire house, his and hers closets, sinks, his and hers showers, walkout basement, private balcony off master bedroom.
My bad for being a cornball and talking about it, but I haven't been this excited since I got my first car at 15 lol. 17 years later...
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- Apr 12, 2011
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Dont feel like a cornball please. Keep us updated and did you run into any issues with the whole process?
- Jan 17, 2013
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That's gonna b an awesome lookin house man. Congrats.
- Dec 9, 1999
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Just discovered this thread. In the process of having a new house built. First home purchase. Its been quite a process as we're getting married in June as well. Here's a picture of the framing going up from a few days ago. Can't wait
Front yard view
Side view
Backyard
Front yard view
Side view
Backyard
- May 24, 2008
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Any info on california first time home buyer? me and my family trying to cop our first home.. we been renting houses for 10-11 years now and enough is enough. we need to make a move and buy a house. But we want to take advantage of everything we can, state-wise, federal- wise...
any first time home buyer who been through this wanna share their insights?
thanks,
any first time home buyer who been through this wanna share their insights?
thanks,
- Jul 20, 2012
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what part of california?
- Jan 22, 2015
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Any particular reason why Denver's housing is at all time high? Is Boulder still more expensive?
- May 24, 2008
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So Cal, perferbaly Irvine or fullerton
- Apr 12, 2011
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Denver housing market is at an all-time high, our house we built in 2011 appreciated 23% in 3 years. Sold it and now we're building another new joint.
Meritage Homes has, by far, been the best experience I've ever had in making a large investment.
2 more months and we should be in there. 3 car garage, 3,900 square feet, hardwood floors entire house, his and hers closets, sinks, his and hers showers, walkout basement, private balcony off master bedroom.
My bad for being a cornball and talking about it, but I haven't been this excited since I got my first car at 15 lol. 17 years later...
Any particular reason why Denver's housing is at all time high? Is Boulder still more expensive?
Im sure it has to do with recent MJ laws
- Jul 20, 2012
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You need to talk to your Bank/Credit Union, get pre-approved and see what program you and your wifey eligible for...FHA ..CalVet, VA ..etc.
Once you do that, and have a good $$ number too work with, find a good agent and start looking ....you two will have to be patience, and maybe even have to compromised on things about the house or location ....its a stressful but good feeling once you find your perfect home ...
- I just bought my first home last year using VA ....
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- Feb 2, 2015
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Denver is weird, it's kind of all by itself out in the Rockies so national housing market trends don't apply here.
Denver is growing so fast so quickly, the market cant keep up. The rental market, re-sale market, and new home building market is off the charts right now. Maybe it's the legal weed lol, but Denver's population is swelling quickly. Lots of east coast transplants like me, and a TON of people from Southern California.
- Jan 22, 2015
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Any reasons why people are moving there besides the legal recreational Marijuana?
