- 10,478
- 9,125
- Joined
- Dec 19, 2013
I feel for you. I hear the prices are dumb stupid high.
- 3,027
- 1,693
- Joined
- Jun 29, 2000
struggle continues in Silicon Valley San Jose
https://www.zillow.com/homes/for_sa...22179,37.117073,-122.112694_rect/10_zm/0_mmm/
https://www.zillow.com/homes/for_sa...22179,37.117073,-122.112694_rect/10_zm/0_mmm/
- 12,303
- 2,859
- Joined
- May 2, 2007
What in the world 
- 4,619
- 5,364
- Joined
- Jul 29, 2012
Million bucks for 891 square feet
- 6,195
- 1,915
- Joined
- Feb 6, 2010
Willow glen is probably the nicest neighborhood in San Jose outside of Rosegarden honestly
but as you can see its struggle life
but what yall forgetting is the house is 891 ft but that lot +10k
but as you can see its struggle life
but what yall forgetting is the house is 891 ft but that lot +10k
Last edited:
- 34,898
- 76,785
- Joined
- Dec 27, 2014
Noticed a lot of companies use HEAVY filters on their listing photos. So much that some of the pics look like watercolor paintings 
Last edited:
- 8,275
- 7,106
- Joined
- Aug 19, 2015
It's crazy how ****ty some listings photos are. Like... if you have a smartphone from the last 3-4 years, you should at least have decent photos.
- 5,215
- 837
- Joined
- Feb 3, 2010
anybody recently purchase their crib with an FHA loan?
How long did you research lenders? Any recommendations on where to start?
Im doing the basic google stuff and looking at multiple "FHA" information sites but I cant really judge if whatever lenders the site has partnered with is who I should really consider.
I will be looking to purchase in Houston Texas, i dont know if my location matters at all.
How long did you research lenders? Any recommendations on where to start?
Im doing the basic google stuff and looking at multiple "FHA" information sites but I cant really judge if whatever lenders the site has partnered with is who I should really consider.
I will be looking to purchase in Houston Texas, i dont know if my location matters at all.
- 8,275
- 7,106
- Joined
- Aug 19, 2015
Only issue with FHA loans is I believe the PMI stays on forever.... unless you refinance.
- 637
- 201
- Joined
- Jun 13, 2002
Finally decided to sell my rental property in Oakland CA. We bought it in 2012 to live in but we outgrew after only 2 years. Been renting the last 3 years and tenants just moved out so we’re going to sell.
We paid $271k and spent $60k to take care of dry rot and termite damage. I’m hoping we will be able to get $700k for it. Not a bad profit for 6 years
We paid $271k and spent $60k to take care of dry rot and termite damage. I’m hoping we will be able to get $700k for it. Not a bad profit for 6 years
- 1,611
- 3,193
- Joined
- Aug 4, 2012
Yup, with the FHA you’re paying the PMI which has NO benefit to you. Money flying out the door. We just prequalified for a mortgage and when they showed us the numbers for FHA we just said we’ll be putting %20 down lol.
- 4,900
- 1,145
- Joined
- Apr 12, 2011
Finally closed on my coop in NY paid 59k with a 5k seller concession for closing costs two years ago and sold for 75k. Time to start my next chapter in FL.
Should be starting the guest bathroom remodel later this month.
Should be starting the guest bathroom remodel later this month.
- 12,303
- 2,859
- Joined
- May 2, 2007
A coop for $75k in NY?
Where at?
Where at?
- 70,923
- 112,719
- Joined
- Mar 31, 2011
Pretty much every lender (at least in the state of MD) has FHA loans, other than a select few credit unions.
Good way to become a homeowner if you don't have a ton of cash. You will be paying PMI for the life of the loan though unless you refinance.
- 4,900
- 1,145
- Joined
- Apr 12, 2011
Westchester county
Prices are starting to shoot up here with everyone running from the city.
Mt Vernon, Yonkers, New rochelle, Even up to White plains. They are building new luxury apartments to try to lure in the millennial with the easy access to the city via metro north.
I can get to Grand central in 30 min vs deep in Brooklyn/queens where it can take an hour plus on the subway. Prices are still affordable right now but I honestly think they are overbuilding in NYC and the surrounding cities and towns. These prices cant keep going up forever.
- 1,563
- 1,828
- Joined
- Jul 27, 2012
Do you have a realtor? Usually they have a specific lender they work with who are licensed for your specific state.
Also, look around for other loan programs besides FHA. My friend purchased his home w/ 10% down and doesn't have to pay PMI.
- 12,303
- 2,859
- Joined
- May 2, 2007
Yea I live in the deep end of queens, one exit from LI... Live in a coop development where 1br’s are going for $180k-200k
My girl works downtown Manhattan... Her commute via LIRR/MTA is 1h 15m
Not sure how she does it
My girl works downtown Manhattan... Her commute via LIRR/MTA is 1h 15m
Not sure how she does it
- 8,275
- 7,106
- Joined
- Aug 19, 2015
Would you recommend doing this / do it again?
I'm wondering if I should do the same in Denver. **** just keeps going up but I dunno if I should just sell and realize the appreciation when we move.
- 637
- 201
- Joined
- Jun 13, 2002
I would def do it again. We’re selling because the house is 100 years old and not in the best shape.
If the house was in a better condition I probably would not be selling. I didn’t mention in my original post but we did a cash out refi for $130k. The best part was our mortgage after the CORF was still less than what we were getting for rent. We were planning to do work in the house we were living but we ended taking that money and bought another place.
There’s a book by one of the BP guys called The book on rental property investing. I haven’t read it myself but it might be a good read
- 7,925
- 914
- Joined
- Jul 16, 2002
i recently copped a 2 family crib, and my realtor is helping me fill the upstairs unit with a tenant. He brought a husband/wife couple over to see the house yesterday while i was at work, so i was not able to meet them in person. The couple ended up wanted to proceed in renting the unit. I asked my realtor that i want to meet and interview them to see if they would be a good fit and he said he can show us their application paperwork and we can schedule a call with them at his office. But I wanted to interview them in person and physically meet them, since they will be living on top of us. He replied saying that will be the last step, and then we can sign the leases if all goes well. Is it weird to wait until the end to meet them in person? As a HR professional, it would be crazy to not meet and interview a candidate face to face until the very end. that should, in my opinion, be the first step after reviewing their application. Thoughts?
- 70,923
- 112,719
- Joined
- Mar 31, 2011
There are some potential fair housing issues that I think your realtor may be worried about.
- 28,518
- 17,002
- Joined
- Mar 22, 2003
For all my properties I do an open house. Your realtor just wants thins thing signed, sealed and delivered obviously.
- 5,233
- 2,323
- Joined
- Jul 31, 2012
Is it smart to pull from a 401k to use as a down payment on a house? First time home buyer in cali.
- 70,923
- 112,719
- Joined
- Mar 31, 2011
I'd say it's pretty dependent on your financial situation. Age too.
I've worked with a bunch of buyers under 30 that have done it over the years.
- 614
- 55
- Joined
- Mar 22, 2005
Just bought a house down here in CT. Super pumped about it!
