Yet another interesting headline in the world of health and well-being. Orionid Meteor Shower Will Peak Overnight, With Best Show Before Dawn
Last year, the Orionids were hampered by a bright moon. But this year, there’s barely a sliver of moon in the sky, which should allow the remnants of Halley’s Comet to shine.
Read the full story here
Yet another interesting headline in the world of health and well-being. Troubled By Flint Water Crisis, 11-Year-Old Girl Invents Lead-Detecting Device
The Colorado seventh-grader was unimpressed by the options her parents had to test water in their home. So she created a sensor-based device using chemically treated carbon nanotubes to do it faster.
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My fiance and I are first-time home buyers. We have decided to purchase a duplex and rent out the second unit to her parents. This allows us to start the first baby step of our goal of building passive income through real estate, while also establishing a multi-generational living situation for eventually raising our children.What is the most advantageous way for them to pay us rent? Should we write up a formal rental agreement and have them pay using a method that generates a paper trail (check, electronic transfer, etc), or should we act as though they are living in our home rent-free as family and have them pay us in cash? Is the latter arrangement illegal?We are mainly wondering if we are losing out on some kind of tax advantage if we don’t set up a formal rental agreement and have them pay us rent in a conventional way.
Read more at https://www.reddit.com/r/RealEstate/comments/77nqye/renting_second_unit_of_duplex_to_inlaws_how/?utm_source=ifttt
I’ve got a Northern Arizona house that I’m 10 months into ownership with that keeps reminding me how much I rushed into it. It was a decent deal from the standpoint of being relatively new, large, and has a certain “wow” factor about it, especially in its price range. Unfortunately we keep finding things that we’d like to put money into (driveway, sideyard, backyard, HVAC, etc, etc, etc) but keep coming to the same conclusion: spending any money on this place would be a waste.This is largely due to recent neighbors ramping up the collection of shit in their yards.I don’t doubt that the house won’t sell for what we paid for it, maybe even a little more, but if someone wants to offer us a sum that covers all of our expenses and the commissions (ie breaking even), it might be worth moving early. Especially if we’re not technically making money on the deal (20% in 20% out).What are some low-buck strategies for selling before the 2-year mark, or listing long before you actually expect a house to sell?
Read more at https://www.reddit.com/r/RealEstate/comments/77np0p/feelers_alternative_listing_strategies_6months_in/?utm_source=ifttt
Please pardon the lengthy post, but I am at a total loss at what to do – and it is a pretty complicated situation…I recently got under contract on a townhome. The original list price was $170000, far out of my price range. The sellers then reduced the price to $165000, which triggered it in my agent’s search parameters. We walked the home, and my agent told me that based on the comps, the property was very overpriced for its current condition, and the fact that the Heat/AC was 17 years old. We made an offer of $150000, they came back at $155000 (the price I was hoping for) and we came to terms with those parameters. I should also add that on the property disclosure – there is a line where it asks if there are any problems or issues with the heating or air conditioning systems – they responded “NO” – other options were “YES” and “NO REPRESENTATION” — Same thing with the line regarding “are there any water leaks on the property” they responded “NO”Fast forward to the home inspection – the home inspector could not even test the AC or heating systems because the blower was not functional. He also found 3 active leaks under 2 sinks, and 1 toilet.I’ve already laid out thousands for inspections, due diligence, and earnest money. We’ve already asked for an extension on the DD period, and are now requesting another extension. We sent the repair request over a week ago. The only repairs that I asked for were essentially to bring the property’s condition up to what was stated on the property disclosure (repair AC/Heat by licensed technician, repair leaks by licensed plumber). Its been over a week and we still have not had any response from the sellers. It seems they had an overinflated perspective on what their home could sell for, and now they are dragging their feet hoping that I walk.At this point I’m nearly ready to walk away and cut my losses, but do I or my agent have any legal recourse in this situation? I knew the HVAC system was old when I put in my offer, but I was under the impression that it was still functioning – as per the property disclosure. As far as the active leaks go, there was absolutely no indication that those would be coming up in the inspection. I know I’m entitled to my earnest money as the DD period has not lapsed yet, but is there any way I can sue for reimbursement for the money spent on inspections, DD, etc?Thanks in advance for any advice.
Read more at https://www.reddit.com/r/RealEstate/comments/77nfz5/5_offers_out_finally_got_under_contract_on_a_home/?utm_source=ifttt
Yet another interesting headline in the world of health and well-being. To Reduce Risk Of Recurring Bladder Infection, Try Drinking More Water
While it may seem simple, drinking water flushes bacteria out of the urethra, helping to prevent infection in women prone to them. And it also may help reduce the use of antibiotics.
Read the full story here
Anyone else in San Diego? I feel like I’m seeing houses stay on the market longer and am seeing a lot of price drops – $10k – $75k recently. I’ve only been looking a couple months and it seems to me things have changed abruptly. Am I making this up? Is it due to the holiday season?
Read more at https://www.reddit.com/r/RealEstate/comments/77n5xg/price_drops_in_san_diego/?utm_source=ifttt
Plan is to buy a starter house for 325k and live there for 8-10 years, with a plan to make it a rental and upgrade after.Would be putting roughly 125k down on this from sale of my current condo(too small to raise family).Would like to get 15 year mortgage to get the lower interest payment, then refinance before moving in 8-10 years. That way we gain equity in the house quickly and pay as little as possible in mortgage. Goal is to get the house paid off and keep it as an income property for life.I would then just refinance a year or two before leaving into a new (small) 15 year mortgage.Is that the best way to do it, or should I just take out a 30 year mortgage from the start and pay extra on it?For reference household income is about 150 and expected to rise a bit so i don’t have concerns about making payments or buying too much house
Read more at https://www.reddit.com/r/RealEstate/comments/77na2r/15_year_mortgage_if_buying_a_cheap_house_later_to/?utm_source=ifttt
I purchased a home recently and after the purchased discovered multiple issues. We had a home inspection done and the inspection returned no significant problem other than the wood on one of the dormers needed to be replaced, which we asked the sellers to do and received a receipt stating the work was complete. I also received a certificate signed by a roofing company stating that the roof was in good condition and F4 certified. After moving in we found the operating gate doesn’t work, the sprinkler system was leaking, they didn’t even disclose there was a sprinkler system they marked no. My realtor contacted their realtor and we were told that they didn’t know that they had a sprinkler system. Less than a month after moving in we had a roof leak. I contacted a roofing company who said oh, let me guess it’s the dormers, and sure enough, the rotted wood on the dormers was leaking. This is the area that the home inspector pointed out and the seller provided a paid receipt for. The roofing company then said they have been out to this home and that they told the prior owner the roof needed to be replaced because it was installed incorrectly, missing flashing, screws were corroded etc. I called another roofing company who said the same thing and provided me with the quote to replace the roof they gave the prior owner. I then called the roofing company that signed the cert saying my roof was in good condition and that it was F4 certified didn’t tell them they had signed this cert for my home and asked them to come look at my roof. The guy that came out said the same thing as the rest, they had been here and the roof needed to be replaced. I contacted the owner of this company who told me that the certificate did not say that the roof was in good condition, they hadn’t inspected it and the cert they signed was only for insurance purposes. I had to send them a copy of what they signed and highlighted the part that said they inspected the roof and it was in good condition. The own flat out said they signed it without reading it and shouldn’t have signed it. So at this point, I’m stuck needed a $24,000 roof. I’ve tried to speak to a few attorneys in the area but the sellers of my home were attorneys and was told they can’t work with me because they know the sellers and it’s a conflict of interest. We live in a smaller city surrounded by nothing and they all seem to know each other. I don’t know that I could afford to sue anyway. The home inspector told me he didn’t realize the roof wasn’t installed correctly and that he couldn’t be expected to know how to install every roof on the market. I really need some advice on what I can do here. I’m stuck needing a roof I can’t afford and I’ve been totally screwed in this situation.
Read more at https://www.reddit.com/r/RealEstate/comments/77m7f5/purchased_home_with_undisclosed_problems/?utm_source=ifttt
Looking at getting back into RE, mostly for my own deals and am looking at online schools in Oregon. Anybody have any recommendations? I am currently looking at A+ RE School. It’s one that’s “blessed” by the State or Oregon.
Read more at https://www.reddit.com/r/RealEstate/comments/77mhyo/a_real_estate_school_anybody/?utm_source=ifttt