- 14,960
- 4,213
- Joined
- May 26, 2003
I lucked up and got enough Grant money where I didnt have to get PMI lol.
- 9,834
- 3,228
- Joined
- Jan 22, 2015
Then you gotta deal with the headache of living close to your tenants tho
- 4,758
- 1,409
- Joined
- Nov 6, 2012
I don't care not really a headache if you keep it professional and lay out all rules and procedures from day one. Also don't have to live there forever another great thing about using FHA to house hack, you can live there for a year or 2 then move to a new place and rent out all 4 units.
@LuckyLuchiano your grant must have been a lot. I received 23K in assistance and that didn't even make a dent lmao.
My PMI is about $220/mo nothing to crazy. I will most likely sell this house within the next 7 years, so I don't plan on refinancing, but will be going conventional for my next home.
Last edited:
- 10,478
- 9,125
- Joined
- Dec 19, 2013
@beezy what's the name of the fan?
- 4,758
- 1,409
- Joined
- Nov 6, 2012
- 38,045
- 38,333
- Joined
- Feb 5, 2013
congrats my dude.
something like that in cali would be in the 5-6 range. well at least in the southbay area
- 14,960
- 4,213
- Joined
- May 26, 2003
Key is moving to an area a city is trying to "gentrify" a lot people are not about that life though lol.
al audi
Banned
- 29,810
- 4,562
- Joined
- Jun 18, 2009
My next move is gonna be in an area that is set up already lol smh
Last edited:
- 14,960
- 4,213
- Joined
- May 26, 2003
My next move will be when I have kids and married, so of course I will move to something more "residential", right now it`s just me and my girl and my mortgage is 1/5-1/3 of what people I know rent for and I`m literally in the heart of the city lol.
I got 3bd/2bth right now, so once I have kids and stuff I`m probably going to try to do 4-5+ bed room, because I`d also want to move my mom in, so she doesnt have to worry about bills any more.
- 13,656
- 1,083
- Joined
- Feb 19, 2006
Where's the best place to find these guys that fix up houses to flip.
Not interested in flipping, but there are some interesting properties, "fixer upper" types that I would like to buy for myself.
Trying to move in to a fixed up house in the LA area is border line financial suicide,
That bubble that burst, it's getting inflated again.
Going to read through this thread, but going to jump in the market in 2016.
Best place to get info for first time home buyers? grants? etc.
Not interested in flipping, but there are some interesting properties, "fixer upper" types that I would like to buy for myself.
Trying to move in to a fixed up house in the LA area is border line financial suicide,
That bubble that burst, it's getting inflated again.
Going to read through this thread, but going to jump in the market in 2016.
Best place to get info for first time home buyers? grants? etc.
Last edited:
- 4,758
- 1,409
- Joined
- Nov 6, 2012
Lol I'm in an area being gentrified. Even in the DC area something that is pre gentrified is mid 300s.
- 14,960
- 4,213
- Joined
- May 26, 2003
- 13,656
- 1,083
- Joined
- Feb 19, 2006
It's the same in LA...
Some of these $300k properties,
. Falling apart, foundation issues.- 67,988
- 103,119
- Joined
- Apr 30, 2010
Capitol heights right? most def gentrifying, that's just DMV for you. But I will say if you can get something in the city for 300, it's almost a guaranteed profit after the flip, maybe a 200%+ return.
Last edited:
al audi
Banned
- 29,810
- 4,562
- Joined
- Jun 18, 2009
i got cousins on both sides of my family and father who lives down there also
they all got homes, i gotta face reality the northeast is overpriced af
atlanta night life/food legit too
Last edited:
- 14,960
- 4,213
- Joined
- May 26, 2003
ATL will become overpriced eventually or there will be another real estate bubble burst alot of cities are over building, i hear in many cities much of the over priced real estate have low occupancy rates, but i also hear in SF and Nyc alot of chinese and middle eastern investors are buting everything cash, but idk if they are sitting on these properties or what
John Wick
formerly jayzonmytoes
- 7,236
- 3,001
- Joined
- Oct 5, 2006
I just had to pull out on buying a house because the seller did not want to sell for the appraisal price. Dude listed the house for a reasonable price but I still figured it was too high for the area so I had an appraiser come out and he said the house was worth about 10k less than what it was listed for. So now the seller does not want to sell it for 10k less on a purchase price over 200k. so you willing to lose a deal worth a couple hundred thousand over a 10k difference. this dude has got to be an idiot.
Im not over paying for a house you think is worth more than all the houses around it. Just like you wouldn't over pay for a car when KBB says its worth this much just doesn't make sense.
the other house I was about to grab before this one had foundation issues had to back out on that one too.
they need something out here to help pay for these expensive behind appraisal fees and inspections fees if the deal does not fall thru after the fact.
House hunting is stressful as hell man wasting money looking and inspecting houses just to find something wrong the seller cant afford to fix and im not bout to pay for it when I never lived there. I don't want no fixer upper if im dropping 200k+ in Florida. This aint DC lived there too.
end rant.
Im not over paying for a house you think is worth more than all the houses around it. Just like you wouldn't over pay for a car when KBB says its worth this much just doesn't make sense.
the other house I was about to grab before this one had foundation issues had to back out on that one too.
they need something out here to help pay for these expensive behind appraisal fees and inspections fees if the deal does not fall thru after the fact.
House hunting is stressful as hell man wasting money looking and inspecting houses just to find something wrong the seller cant afford to fix and im not bout to pay for it when I never lived there. I don't want no fixer upper if im dropping 200k+ in Florida. This aint DC lived there too.
end rant.
Last edited:
- 38,045
- 38,333
- Joined
- Feb 5, 2013
what area you looking at?Where's the best place to find these guys that fix up houses to flip.
Not interested in flipping, but there are some interesting properties, "fixer upper" types that I would like to buy for myself.
Trying to move in to a fixed up house in the LA area is border line financial suicide,
That bubble that burst, it's getting inflated again.
Going to read through this thread, but going to jump in the market in 2016.
Best place to get info for first time home buyers? grants? etc.
im tryna find something in the southbay
lots of fixxer uppers in the cpt,LB, paramount area but im not moving out there.
Last edited:
aepps20
Supporter
- 40,762
- 86,148
- Joined
- Feb 8, 2004
Progress on my house thus far.
- 1,563
- 1,828
- Joined
- Jul 27, 2012
Recent flip I did in San Diego
Before and after pic...
Finished pics...
Before and after pic...
Finished pics...
- 144
- 72
- Joined
- Dec 29, 2013
those after pics [emoji]128076[/emoji][emoji]127997[/emoji][emoji]128076[/emoji][emoji]127997[/emoji][emoji]128076[/emoji][emoji]127997[/emoji]. what part of SD is that in?
Last edited:
- 1,563
- 1,828
- Joined
- Jul 27, 2012
Del Cerro
Closing escrow on another one in Del Cerro by the end of the month. Off to a good start for 2016...
- 21,828
- 15,914
- Joined
- May 25, 2001
I only got a 3.5% grant, on 165k new home purchase so around $5,700. I still have PMI because I put no money down. :x
- 158
- 93
- Joined
- Jul 21, 2012
How much the did reno cost you per Sq ft if you don't mind me asking? any details on the interior work would be great as well.
Los Angeles
formerly bright nikes
- 23,127
- 4,659
- Joined
- Apr 11, 2004
You mast flippa
U have your own crew?
U have your own crew?
