Official Real Estate Thread - Southern Smoke

[TooLazyToMakeUp1]

Academic scholarships and grants, no debt . And I'm trying to get 2 of my dudes to put in on a 4-plex, but we'll see what's up when we sit down.

Those prices in Detroit tho, . So much potential for a lot of things before those hipsters start

If you get something that's less than 3 miles from downtown, you gon eat
Just gotta be patient though [/quote]


Don't worry, I ain't the type to rush when it comes to my money . I'm just scoping out the scene for right now

 

[Sunalmighty]

I've been look for something in the bay area and for 150k you get a fukking shyt hole

Near impossible now. Bay Area is stabilizing, but it's crazy expensive. I bought in 2009 man, when it was ROCK BOTTOM

 

[Sunalmighty]

150? you might be able to get a crack house in stockton for 150 here i dont think a 150k house exists in the immediate bay area

and with investors swoopin in on the lowest priced homes with CASH, us regular buyers are sht out of luck

That's where I copped, in Stockton. Competition is tuff here too with the cash buyers

 

[Sunalmighty]

@ these prices. Just another reason I love ATL

Atlanta, GA
4BR/3BA 2028 sq ft
$45,000 ($170/mo mortgage)

I don't believe this price. Un real

 

[ryderldb]

Near impossible now. Bay Area is stabilizing, but it's crazy expensive. I bought in 2009 man, when it was ROCK BOTTOM

You came up breh. Still looking and with interest rates rising it ain't looking good

 

[BLAZO da GAWD]

$1478 monthly/ $329,700K

535 Street Devon Way, Duluth GA - Trulia

[/quote]

 

[BLAZO da GAWD]

$1478 monthly/ $329,700K

535 Street Devon Way, Duluth GA - Trulia

[/quote]

How much does a house like this rent out for?

 

[↓R↑LYB]

$1478 monthly/ $329,700K

535 Street Devon Way, Duluth GA - Trulia

Kinda looks like my house. 5000 sq feet, 5BR, 2 kitchens, full basement, and theater room on 2 acres. Got it for 219k

 

[↓R↑LYB]

How much does a house like this rent out for?

It depends if they're renting just to cover the mortgage or to make money. You can provably get it for 2-2500, depending on the finishes

 

[CashmereThoughts]

So then why is it still on the market if you can get a 300% return? If anything, shouldnt there be a bidding war on it?

Just tryna get educated on this matter.

That 300% return is not the norm and is possible maybe if you bought at the bottom, we not at the bottom.

There are bidding wars, in places like Southern California , the bay, DC area. They south has never been a competitive markert like the aforementioned places and won't be because it's not overcrowded with qualified buyers who want to live there so bad they'll pay anything.

Keep in mind as many people that want to buy, a lot of them don't qualify. Property's are a dine a dozen in the south, you only gonna have a bidding war in a market where there are 10 buyers Tryna get at one house

 

[Chris.B]

Kinda looks like my house. 5000 sq feet, 5BR, 2 kitchens, full basement, and theater room on 2 acres. Got it for 219k

Still the south :what1:

 

[↓R↑LYB]

Still the south :what1:

I love Atlanta. Surrounded by black people, cheap cost of living, and a large carribean population.

I grew up in NYC and visited DC a bunch of times and atlanta is still the goat city

Plus I got more certs than you

 

[Wise]

Bump

Anybody bought/flipped anything recently? How is the market at the moment?

 

[Wise]

Near impossible now. Bay Area is stabilizing, but it's crazy expensive. I bought in 2009 man, when it was ROCK BOTTOM

I honestly didn't know until the other SF is the most expensive place to live in the States. Average rent for 2br was 4650!!

Read how people big 100k more than asking yet there was still 5 other people who bid more than them.

How much was the crib you bought then vs what it could go for now?

 

[Sunalmighty]

I honestly didn't know until the other SF is the most expensive place to live in the States. Average rent for 2br was 4650!!

Read how people big 100k more than asking yet there was still 5 other people who bid more than them.

How much was the crib you bought then vs what it could go for now?

I paid 112k then but if i bought now with the upgrades 250-260. I bought in the valley about 75 miles outside of the Bay Area. Too expensive. Property taxes 6-10k per year in Oakland. Im prepping for sale. Getting new doors in today. Looking at Houston.