Real Estate General

Can we have a general so that we can talk real estate? I'm a realtor and I almost never see it brought up outside of random threads here and there.

Post what you're looking to buy/sell.
Post any questions you might have.
Let's try and buy some shit.

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I've got 2 single family homes in river falls wi, and another in bayport, mn that I would like to sell. 215000 to 235000 range. 1700 to 2100 rent range.

I have like $200k liquid, waiting for a crash to purchase some rental properties. Been waiting like 2 years already.

Am I smart or a retard?

I'm looking at buying a condo.
>what should I look for in the building itself?
>how high is too high in terms of HOA fees? Anything else I should look out for with HOAs?
>Can I get a mortgage with a good credit rating but no down payment?
>Anything else in condo buying I may have missed?

Also 11 acres in outskirts of river falls,... 85k and a 4500 sf single family 450k

Retarded. The foreclosures i bought 2 and 3 years ago each have about 100k in equity. 25k remodels to each.

You are a retard. Use those 200k to buy LINK right NOW.

Wife and I have 1.6mm for our dream home
Want to build but really just want land eg >5 acres
Any advice on building?
ty user

I own a 1,000 sq ft house in a major city in a decent area. Paid 130k for it, but appreciation is real and I could probably get 200 or so it now. My gf wants to get married and have kids and to move into her place...she has a place out in the 'burbs in the good school district. Wondering if I should sell or rent my place out. If I sell I feel like I might regret it but I don't know

why do you want to sell

My gf owns two condos and lives in one, plus I work in a real estate field so I can help. Your HOA should probably be under $200, unless you're in a high end area. It should include, trash, lawn maintenance, outside building maintenance (roof, siding, etc), hopefully a pool.

Look for something you like. There's no right answer here. I'd make sure your neighbors are cool, that you're in a decent neighborhood because that will ensure you won't lose money on the deal. Also, do you think you'd be able to rent it out later in life for that sweet passive income?

You'll need a down payment of some sorts...between 5k and 10k at minimum. don't be scared. it's worth it. You'll probably get a good rate. Rates are low. Also, if you get a slightly higher rate, you can always refinance and get a better rate at a later date so don't let rate deter you

Buying a new home here in the UK, 4 bed, double garage, due to be finished at the end of the year. Have paid a reservation fee.

£425,000 but feeling like it's risky because of Brexit, no one knows what will happen to house prices. Anyway, we like it and will enjoy living there, so can't worry too much. No one on this board will be able to discuss Brexit and House prices, they're too busy chasing shitcoins.

What's the reason to sell? I only ask because I usually only recommend people sell properties when they are: A) Losing money, B) Making a huge profit on the sale, or C) Using the money to roll it into a bigger purchase.

Crash might not be for some time, but it's not an awful idea. Main disadvantage is that if it's cash sitting in a bank it's not making much money in the mean time.

>building itself
Something that's durable and will age well.
>how high is too high
Depends entirely on the services they provide, some are cheap and others are expensive because they have tons of perks. I would read the rules of the HOA extensively before committing.
>Mortgage with no down payment
There is down payment assistance that will remove the down payment, but add it as a second lien that you would pay back after the note on the property itself.
>Anything else?
Check out the neighbors and look for reviews on whoever runs the HOA.

>advice on building
Build something that is unique, but functional. I am a big fan of the spanish hacienda style where you have a courtyard in the middle that cannot be viewed from the outside. Make sure you get reputable guys with insurance and make sure you get different quotes so that they don't run over you because of having money. Only build what you think you will actually use, it's hard to resell HUGE houses because no one wants the upkeep. Try to keep it under 3500 sq/ft.

I would sell it unless the rent was substantial enough to make it profitable after taxes, insurance, etc. The 70k margin is high and you may not get that again.

Very cool, not familiar with brexit myself, but I wouldn't worry too much as property will always hold value regardless of who is running things.

Wish this thread were more popular. This is an actual real world biz thread and not bullshit shilling

I work for a small real estate asset management company (AUM = 1B€). AMA frens.

I thought it would get shit talked more and that I'd be called a LARPer, so honestly it's going better than I expected.

Great post OP. I’m also a Real estate Broker.

It’s important to have a diversified portfolio which includes real estate. If anyone has questions regarding being a landlord, ask away.

Ideally you will invest in an income producing property that generates sufficient cash flow but until you build enough capital, you will need to manage tenants on your own

Shit talkers apparently avoid threads that deal with actual stuff in the real word. Was hoping there'd be more people interested in buying because it really is much better to buy a house than to rent, even though people on Jow Forums seem like to argue against it

Ultimately real estate is a pretty stable and slow moving market. Changes takes years to manifest.

The majority of Jow Forums are too young to have the capital and experience to deal in real estate on a sufficient scale to be worth talking about. And then there are the doomers.

In house lawyer for developer.

Pro tip: don’t buy in new developments unless you want shit quality everything

This is accurate. It's not something that falls out or booms over night, it's relatively easy and safe to try and make a profit. The main thing with real estate is the "you snooze you lose" saying rings true ten fold. By the time a good house is listed, the agent listing already called a few people that they know are investors.

even if your goal isn't profit, owning is still far less expensive than renting over time

Yup. An agent contacted one of my tenant about a house for sale close to a property I recently purchased. Offered a price that was 10% below asking about a week before the house went on the market. Unfortunately, I don't have enough capital left acquire it and the house was in poor shape, overseeing the renovation process is a pain in the ass.

I've been looking into helius, which aims to be a REIT backed by stable coins. I think MKR/DAI. Same as a normal REIT just like a roobinhood type platform that gives actual liquidity unlike traditional REITs.

They launch later this year apparently. helius1.com

Always generates some interest when I mention it

Yeah, I never really recommend anyone do the memeflipping deal unless you have good connections and can get it at contractor pricing.

Those fucking HGTV shows really messed up the market on beat up houses, because everyone thinks it's an "investment" instead of being a run down shack that you'll need to spend thousands on to get rentable.

I want to buy somewhere to live but don't because it's too expensive or close to mexicans.
Shit's retarded.

what do you think about the tokenization of real estate assets and the potential for increased liquidity into commercial markets?

Honestly, I'm not sure what you're referring to 100%. Could you explain a bit and I might get an idea of what you mean?

Not meant as an insult either, it seriously went over my head.

check out Smartlands for example. they have a student housing property with rental units in Nottingham England. the company is raising capital for the project by creating tokens which represent a portion of the real estate. people can buy these tokens and trade them on the open market or hold them and collect dividends from the rental profits. fees for custody and management of the property are paid through the Smartlands platform. if you hold the smartlands token on the platform along with the token which represents the real estate asset you have rights to dividend payments, reduced fees and voting rights on the platform for the real estate asset. so for example if the market is booming the property management may suggest selling the property for a profit and the community can vote to sell or hold. if the property is sold for a profit a pay out is divided among the token holders. this model of crowd funding capital won't be limited to real estate, this is just the first offering with six more to come in 2019 on the Smartlands platform. agriculture, manufacturing and many other industries will be introduced to this model. the platform is regulated and compliant and the first property in Nottingham is being purchased privately right now and available to the public first or second week of May. Smartlands is partnered with Colliers too so it's legit and has potential.