- Jul 27, 2012
- 1,563
- 1,828
My newest project hit the market last night. Was going to hold an open house today but it's raining so I decided to cancel it. Here are the updated pics.
Home Buying & Real Estate Thread
- Thread in 'General' Thread starter Started by TYE_The Time Traveler,
- Start date
- Mar 14, 2014
- 3,602
- 2,238
Cool Grey Home!
- Nov 30, 2013
- 1,699
- 228
Anyone familiar with usda loans?
B Sox
Supporter
- Mar 31, 2011
- 73,129
- 117,519
Yeah kind of. What do you want to know?
- Nov 30, 2013
- 1,699
- 228
Do they do annual checks on you after you close?
- Nov 30, 2013
- 1,699
- 228
When you get an USDA loan,.do they do an annual check on you? Or anything of the sorts?
- Apr 12, 2011
- 4,903
- 1,147
Is it similar to fha where you have to live there for a year? or do you have to live there for the life of the loan with USDA?
FHA i heard does do inspections
FHA i heard does do inspections
- Nov 30, 2013
- 1,699
- 228
Usda you can sale I believe after 12 months
- Apr 12, 2011
- 4,903
- 1,147
Looked it up looks like you cant leave for the life of the loan. I know its sometimes easier said than done but I would save the 3.5% and go FHA that way u can leave after the year if you want to rent it out.
FHA does inspections im sure the USDA does as well. I wouldn't want to get charged with Mortgage fraud
https://www.fedhomeloan.org/federal-home-loan-occupancy-rules/
FHA does inspections im sure the USDA does as well. I wouldn't want to get charged with Mortgage fraud
https://www.fedhomeloan.org/federal-home-loan-occupancy-rules/
CrownRoyalDaddy
formerly tdoggy57
- Nov 12, 2015
- 4,729
- 2,985
- Apr 12, 2011
- 4,903
- 1,147
Congrats
Los Angeles
formerly bright nikes
- Apr 11, 2004
- 23,240
- 4,927
Put in an offer on a house last night along with the DU, went a little higher than we wanted too especially with the house needing some cosmetic work, so lets see what happens.
- Feb 6, 2010
- 6,248
- 1,967
^good luck man, hope whatever happens is too your favor and benefit
- Apr 2, 2007
- 28,580
- 54,304
Anybody here does Tax Sale auction?
Got the list today, done ton of research...
Going to the courts' steps next month..
Got the list today, done ton of research...
Going to the courts' steps next month..
- Oct 28, 2007
- 13,386
- 6,664
Good luck bro!
- Oct 28, 2007
- 13,386
- 6,664
- Apr 2, 2007
- 28,580
- 54,304
- Aug 19, 2015
- 8,321
- 7,178
Anyone here ever lived in a home and then turned it into a rental? Bought a home almost 3 years ago in metro-Denver, value has gone up fairly significantly each year but may eventually move away. Wondering if we should try to rent it out, so that someone else is paying down the mortgage while the home continues to appreciate, or to just sell and get out.
All theoretical right now, not moving just yet. Just keep hearing differing opinions on whether or not it is worth it to rent it out.
All theoretical right now, not moving just yet. Just keep hearing differing opinions on whether or not it is worth it to rent it out.
B Sox
Supporter
- Mar 31, 2011
- 73,129
- 117,519
Lot of factors. Your financial situation, potential appreciation of home value, whether you want to be a landlord, etc. I will say it's a great time to sell in this current market, at least here in Maryland. Inventory is VERY low. Rates going to go up too and buyers will have less buying power.
- Aug 19, 2015
- 8,321
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Yea it's crazy competitive here in CO too. Low inventory + limited space + tons of new people moving here each year.
As of now, our house has appreciated at like $2k/mo. Obviously can't say how long it will continue to climb, but then again it's still pretty "cheap" compared to Seattle, LA, etc.
I'm just thinking, a tenant would pay down our principal by around $6k per year, in addition to whatetever positive cash flow each month, as well as the potential appreciation. Definitely have to figure in property management fees and maintenance, but it seems hard to imagine those adding up to more the "value" to me as the landlord.
- Mar 14, 2014
- 3,602
- 2,238
would love to sell a rental unit, but the selling process has me anxious, plus all the fees i gotta pay. i never sold before. am i over estimating the fees and effort i have to put in?
^if price of home keeps going up, i would def hold on to it. especially in denver. it's like your own money tree haha
^if price of home keeps going up, i would def hold on to it. especially in denver. it's like your own money tree haha
- Jul 27, 2012
- 1,563
- 1,828
- May 2, 2007
- 12,394
- 2,914
I’m in the market for a house
Any sites that can get me info on certain neighborhoods or towns... Like crimes and other useful info?
Any sites that can get me info on certain neighborhoods or towns... Like crimes and other useful info?
- Feb 6, 2010
- 6,248
- 1,967
Just praying Trump keeps up with the mess ups 1st time home buying in Bay is ugly and is continuing to do so.
The interesting part is interest rates rising, inventory not picking up like it has over the last few years, and more and more buyers choosing to remove listings
I hope a change is near.
Give a young buck a shot
The interesting part is interest rates rising, inventory not picking up like it has over the last few years, and more and more buyers choosing to remove listings
I hope a change is near.
Give a young buck a shot
- Mar 2, 2004
- 124
- 35
Currently in 3rd month past original timeline for my new construction condo in NYC, short term apartment renewal charge killing me ...
Can truly say I will never purchase new construction again in the city with delays and closing costs around 5% (lawd)
Can truly say I will never purchase new construction again in the city with delays and closing costs around 5% (lawd)
