Newsflash: Buying a home with an FHA loan or low down payment

https://guyonfire.us/buying-a-home-with-an-fha-loan/

Read more at https://www.reddit.com/r/RealEstate/comments/9byk8x/buying_a_home_with_an_fha_loan_or_low_down_payment/?utm_source=ifttt

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Newsflash: Someone is selling land 130 sqm for £250

Why is this land so cheap (uk, london) it’s a freehold sale which means I get to own it outright?Why would they be selling the land for £250 surely that’s not legit?

Read more at https://www.reddit.com/r/RealEstate/comments/9bxz8v/someone_is_selling_land_130_sqm_for_250/?utm_source=ifttt

Newsflash: Selling a mobile home question.

Agent is a broker and doesn’t work for the buyer or the seller. She says someone is waiting to hear what the insurance is going to pay out on some hail damage before they make an offer. I think they should just make an offer. It is listed ‘as is’. Why would the buyer need this? Would we be better off just taking it off the market and fixing it ourselves?

Read more at https://www.reddit.com/r/RealEstate/comments/9byb4k/selling_a_mobile_home_question/?utm_source=ifttt

New Story Just Out: Industry Looks For Hurricane Lessons As Climate Changes

Yet another interesting headline in the world of health and well-being. Industry Looks For Hurricane Lessons As Climate Changes
Hurricane Harvey was a wake-up call for petrochemical plants along the Gulf Coast to rethink plans for major floods. Some companies are starting to prepare for storms that are larger and more severe.

Read the full story here

Newsflash: TAX QUESTIONS? Look here first!

Hi everybody!Tax questions come up often, and I’d like to make sure that accurate tax information is easily available. I’m going to start this off with a bunch of links to relevant information from the IRS, the only online source you should trust for US tax advice. Many of us are in the US, but if you know where the tax information for your country is, please add a link so we can be more inclusive.And remember: If the publications and documents from the people who write the tax rules don’t give you a clear answer, it is time to stop messing around on the internet and talk to an accountant. We don’t know your whole situation, your money is none of our business, and we are not accountants.United States:Taxes on the sale of a home, don’t forget to check out the link to Publication 523, and the additional information if you’re doing an installment sale.Gift taxes, and the much misunderstood lifetime limits. Frankly, if you’ve got enough money that this is a potential issue, you’ve got enough money to hire a lawyer and/or accountant to keep you on the straight and narrow.Taxes on rental income, complete with links to relevant publications.Your rental empire and/or real estate salesperson is a small business. Here’s some information for taxes on small businessesWhat about property taxes? Those are regulated by state and local law. For more information, do a search for “[your county], [your state] County assessor’s office.” Be careful not to leave out the state because some county names are common; Clark County Nevada and Clark County Washington are very different places.Got more tax information you’d like to share? Please feel free to add in the comments!

Read more at https://www.reddit.com/r/RealEstate/comments/8cte9n/tax_questions_look_here_first/?utm_source=ifttt

Newsflash: Handling someone’s real estate investments – what would you take as a percent ?

There is a possibility in the near future of managing a relative’s real estate investments . They current have a property (SFH) that has appreciated significantly but rents are low versus the current market price . They are considering investing in higher yield real estate.They want to be mostly passive . I have experience investing and knowledge as well. The idea would be to invest actively through value add buy /holds , flips and possibly joint venture deals and syndications . Would likely be traveling out of state as that is where more of the opportunities are these days at least in terms of cash flow .Has anyone done something similar to this? How would you structure it ? What part of cash flow or equity would you propose ? Again this would be an active thing.

Read more at https://www.reddit.com/r/RealEstate/comments/9bxc64/handling_someones_real_estate_investments_what/?utm_source=ifttt

New Story Just Out: German Farmers Struck By Drought Fear Further Damage From Climate Change

Yet another interesting headline in the world of health and well-being. German Farmers Struck By Drought Fear Further Damage From Climate Change
High temperatures and a severe drought have hit food production in Germany and left many farmers there wondering what they can do to survive climate change.

Read the full story here

New Story Just Out: Why Seattle Had The Worst Air Quality In The World At Some Points This Summer

Yet another interesting headline in the world of health and well-being. Why Seattle Had The Worst Air Quality In The World At Some Points This Summer
NPR’s Ari Shapiro talks with Cliff Mass, professor of atmospheric sciences at the University of Washington, about the cause of this summer’s extremely smoky air in the Pacific Northwest.

Read the full story here

Newsflash: [Austin, TX] Realtor/prop manager by the hour

I’m looking for leads (and reviews) on agents who can be paid by the hour to show rental properties and do walk-throughs twice or so a year. Seems to me that it is standard to pay one month in leasing fee and 8-10% per month. I am NOT arguing that it is too much to ask, I’d rather just do the coordinating marketing/screening/repairs myself and just have someone represent us on the ground at a lower cost because of poor cash flow. Also, I’m looking at shorter than 12 month leases and this seems to be a struggle for PMs.I am not new to this – I manage rentals in another state with the help of a trusted real estate agent where I pay him $80 per hour (usually about 3 hours for open house, an hour each walk through for move in and move out, plus additional if necessary), but I am newer to the Austin scene. I am just looking for someone who is more resourceful and flexible, not arguing the pros and cons of PMs.

Read more at https://www.reddit.com/r/RealEstate/comments/9bwuc3/austin_tx_realtorprop_manager_by_the_hour/?utm_source=ifttt

Newsflash: First Time Homebuyer in a pickle, Please help (Kentucky)

This is for a friend who is not on reddit:
I signed a standard P&S on my first home with my husband subject to FHA financing. The home price was slightly outside our comfort zone but we thought we could make it work, but when we got our financing disclosure the payment was higher than expected and higher than the payment estimated during preapproval and so I cancelled based on financing contingency. My realtor said the seller is going to sue me for cancelling and that I could have gotten a better rate and better financing if I tried. (I did try with two different mortgage brokers and this was the best I got offered). The payment is more than half my take home income. I asked the lender for a failed financing letter but he said he cannot give me one since I did qualify. I am terrified I am going to be sued but I know in my heart that the house with the financing offered is too much for our budget. The seller is FSBO and he was buying another home contingent on this one selling and he is claiming I am causing him all kinds of extra expenses. I don’t care if I lose my $500 earnest money but I cannot stand the stress of being sued, I mean, we just saved up enough for a small downpayment. My realtor gave me the sellers number and suggested I work it out on my own or get a lawyer. What should I do?

Read more at https://www.reddit.com/r/RealEstate/comments/9bw5lm/first_time_homebuyer_in_a_pickle_please_help/?utm_source=ifttt