The Official Homeowners Thread

Rawtid

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Was my original plan but my current landlord was/is buggin and made me not ever want to rent from someone unless necessary. I gotta be out of here by DEC. I have to run my business from home or a home because I have few adults under my care.
New plan is to buy a home then move out after I transfer it to a full grouphome.
Do you file a tax return?
 

Akae Beka

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Thank you. I've never heard of this before, I learned something new.
You're welcome. Dont worry, a lot of people, including lenders and underwriters, have had to go back and do more research when I tell them about it. Im awaiting more info from them tomorrow.
 

winb83

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Yo...so I did a couple of unpermitted additions to my property.

Would that stop me from being able to re finance?

Will I get reported to the authorities?
You have to get an appraisal to get a new mortgage. Unpermitted work could negatively effect the value of the home. A bank could turn you down as well. When you go to sell the home same issues.
 

UberEatsDriver

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Brooklyn keeps on taking it.
I guess the big thing for me is this: I have plans of moving out of the country (Nigeria) in 18-24 months. While there, I'd prefer to throw my investments into Nigeria and see what's popping as far as opportunity. I feel a home leaves me with less flexibility.



True that. My rent now is very very cheap. Less than 15% of my net income. I know you can get homes for cheap but I'm not quite certain I'll be in this area for that much longer or at least it isn't my hope to set up shop here.

You’re moving to spend time in Nigeria or for good? I
 

winb83

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The seller blew up our deal over $400 in repairs. I offered them $3000 over the list price. The requested repairs to the home came to $1400 and they were only willing to do $1000. At first they said they'd do the $1400 but 3 days later they refused to sign the agreement and told me to take $400 off it. The house has some pretty good water damage to it so I just said either do what I asked or release me and my earnest money and they released me.
 

OfTheCross

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Keeping my overhead low, and my understand high
The seller blew up our deal over $400 in repairs. I offered them $3000 over the list price. The requested repairs to the home came to $1400 and they were only willing to do $1000. At first they said they'd do the $1400 but 3 days later they refused to sign the agreement and told me to take $400 off it. The house has some pretty good water damage to it so I just said either do what I asked or release me and my earnest money and they released me.
nikkas called your bluff. :manny:

might be for the best. keep looking
 

winb83

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nikkas called your bluff. :manny:

might be for the best. keep looking
When the inspection turned up all that water damage I was gonna bail. My agent talked me down from it and said she'd get concessions. She tried and ultimately failed. I wasn't bluffing to begin with they lied to me and tried to play me. I'm not really looking to buy somebody's neglected project for over the listed price so I can be the sucker stuck with it so I let them blow it up.

My pops looked at that home inspection report and told me to run. In the first 5 years of living in that home whoever buys it is probably gonna be putting a new roof on it, replacing the furnace, replacing the AC, they'll also have to fix the dry rot in the garage and re-roof it, the mold in the attic. It just wasn't worth all that. I'll find a seller that kept up on all their shyt and has paperwork on what was done when.
 
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Lwo Lakeset
I've been in a chain the past 9 months
This shyt is beyond stressful and I've never been one to get stressed. It's mainly because I want to be on some bully shyt and scream and shout but that won't resolve a damn thing!
 
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