The Official Homeowners Thread

richaveli83

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Props to all you guys for being homeowners. I'm hoping to join the club early next year.

My finances aren't the best but I have minimum debt. It's hard trying to save extra money with the price of everything these days so I've talked to my bank about doing downpayment assistance. I wish I didn't have to do it but I do plan on being in whatever I buy for at least 10 years or so.
I don't know what part of the country you're in but some counties offer downpayment assistance depending on your income level. If you get a FHA loan you'll only need 3.5% of the home for downpayment but you'll be stuck with PMI.
 

Rhyse

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I don't know what part of the country you're in but some counties offer downpayment assistance depending on your income level. If you get a FHA loan you'll only need 3.5% of the home for downpayment but you'll be stuck with PMI.
True. But in 6 months with on time payments you can refinance to conventional. That’s my plan. I knew I had reno to be done on the house I bought so I wasn’t paying any money I didn’t have to up front. I did the down payment assistance grant and 3.5%. Came out of pocket less than $5k. If I didn’t buy when I did I would have been f’d.
 

Yinny

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Just had my cousin evict one of those "progam" people who had a year voucher. The audacity of people who you show empathy to, she was chronically late and behind on rent when other people wanted to move in. Lady saw my cousin's "stuff" and life/what she drives and had the nerve to tell her she gonna "pray for her." I told her to yell back "Obvi your prayers ain't working if you bout to be homeless now are they?" and a fam was gonna go fukk her up lmao. Anyway she's out the house finally-stop having empathy for shytty people to the point where it hurts you especially. Folks be burnt out.

My search is light as I just got here but have a pretty clear idea where I want to own (across the street lmao), nothing is available but lots to let settle. I have an idea for a multi I want though, not in a rush to owner-occupy really. I love my place.
 

-DMP-

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Does anybody with a rental property invest their earnings in the market?

I wanna open an account under my rental property llc but was wondering if there was anything special I needed to do.

@Rawtid
 

Rawtid

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Does anybody with a rental property invest their earnings in the market?

I wanna open an account under my rental property llc but was wondering if there was anything special I needed to do.

@Rawtid


Sorry boo, I don't know anything about that, but definitely seems feasible. I see you making moves!
 

GoFlipAPack

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I know this isnt the official real estate thread (I couldn't find it). I had a question for yall. Do yall think it's better to invest in Bmore or Philly?
 

Rawtid

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It's ice melt by the 50lb bucket season! LOL my tree JUST shed like 90% of its leave at once, I still have to mulch them. I'm definitely hiring someone for next year.
 

Yinny

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Unfortch locks were changed on tenant, adult
male son who wasn’t supposed to be living there came in late at night (3 am) and got violent, broke locks and doors. Resolved but hey, some people have to learn the hard way.
 
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