The Official Homeowners Thread

[el_oh_el]

So my property improvement value went from $133k to $142. Total ~$168k now.
Fully realizing that this is a double edged sword. Yeah, your property is worth more now, but my monthly payment has also went up close to $100..which is one of the main things I was trying to avoid when deciding to buy vs rent. Harsh realities

 

[GoFlipAPack]

So my property improvement value went from $133k to $142. Total ~$168k now.
Fully realizing that this is a double edged sword. Yeah, your property is worth more now, but my monthly payment has also went up close to $100..which is one of the main things I was trying to avoid when deciding to buy vs rent. Harsh realities

Why did your mortgage go up though? Abd what do you mean by $168?

 

[el_oh_el]

Why did your mortgage go up though? Abd what do you mean by $168?

Land is worth 26k and the improvement is worth 142k. My total monthly payment went up due to escrow portion getting larger.

 

[NeilCartwright]

Is it possible to buy a house that needs some work, and rehab it/do some work on it while living there?

I’m looking at some multi families on Zillow, and most of them need work.

 

[MMA]

Is it possible to buy a house that needs some work, and rehab it/do some work on it while living there?

I’m looking at some multi families on Zillow, and most of them need work.

Yeah people do this all the time.
I only advise you, do not have tenants in there while heavy construction is going on

 

[GoFlipAPack]

Land is worth 26k and the improvement is worth 142k. My total monthly payment went up due to escrow portion getting larger.

I get that but did your payment go up because of the work you did on it? I'm just not connecting the dots on why it increased. I know escrow usually increases bc either your taxes or insurance goes up.

 

[GoFlipAPack]

Is it possible to buy a house that needs some work, and rehab it/do some work on it while living there?

I’m looking at some multi families on Zillow, and most of them need work.

ABSOLUTELY! You should look into a FHA 203K loan. That loan is made for what you're asking. What area are you looking in if you dont mind me asking?

 

[el_oh_el]

I get that but did your payment go up because of the work you did on it? I'm just not connecting the dots on why it increased. I know escrow usually increases bc either your taxes or insurance goes up.

Ah. Nah, the area has some money going into new shopping areas and road expansions, so it seems property values shot up sharply from last year to this one.9k extra in property value is quite a bit more in tax per year.
I would like to see the exact reasoning though..cause the uptick from the previous year was less than half that.

 

[GoFlipAPack]

Ahh

Ah. Nah, the area has some money going into new shopping areas and road expansions, so it seems property values shot up sharply from last year to this one.9k extra in property value is quite a bit more in tax per year.
I would like to see the exact reasoning though..cause the uptick from the previous year was less than half that.

Ahhh ok

 

[GoFlipAPack]

Any of yall brehs not escrow your taxes and insurance?

 

[Petty Crocker]

The technician is here installing my ring doorbells for the front and back door aye.

 

[Rawtid]

I get that but did your payment go up because of the work you did on it? I'm just not connecting the dots on why it increased. I know escrow usually increases bc either your taxes or insurance goes up.

Sounds like taxes increased once they did their assessment.

 

[intruder]

Got'em!!!

Finally caught that fukking squirrel that's been in my attic the past few months. I know it's probably more than one but fukk that. Had the trap laid out for months and finally caught that fakkit

 

[GoFlipAPack]

Got'em!!!

Finally caught that fukking squirrel that's been in my attic the past few months. I know it's probably more than one but fukk that. Had the trap laid out for months and finally caught that fakkit

Mufugga thought he was gonna get away with not paying rent

Had a racc00n in my attic in August....had to evict his ass

 

[GoFlipAPack]

The technician is here installing my ring doorbells for the front and back door aye.

How much that whole set up cost?