$3000
The Official Homeowners Thread
- Thread starter Dolla$
- Start date
Sorry I didn't see your tag, but yea, I'd get a single family for the single fact that i hate sharing walls with neighbors.How cute!
So...my mortgage is approved. Underwriting is complete. Getting down payment and closing cost assistance in addition to a thousand dollar grant from my unionAll I need to do is find a house.
I'm stuck between getting a condo and a single family. I'd love a multi family (and have the rent just about cover the mortgage and taxes) but I see the stress my parents have gone through over the years.
Any advice?
@bdizzle @JerkPork @Intruder v3.0
@newarkhiphop @Hiphoplives4eva
I asked 5,000 less than what he wanted.
I love reading the different responses. Perhaps I should clarify that I live in NYC
and most of the high end condo/homes I can't afford. However, if I hesitate any longer I won't be able to afford shyt (gentrification 
). I'm already at the absolute income limit for downpayment assistance so by this time next year I won't qualify. Hell in a few months I won't qualify.It will likely not be a forever home, I just want something that is going to be prove to be a good investment in the long run. Fukk paying rent
Move out of NYC
dora_da_destroyer
Master Baker
i would do that over a condo any day. it takes a bit more time to be landlord, especially if you end up with needy tenants, but i'd prefer full control over the property and their contribution to the mortgage. also, out here, HOA fees can be 300-800/month for basically nothing, no gym, pools, or other high end amenities, just paying that shyt because they can charge it.Hmmm I feel you but...
The condo complex usually has units snatched up quickly though whereas the house I was looking at been on the market for a hot minuteneeds a little bit of work but it's a cute Lil house though. Checked out the neighborhood and it seems quiet.
Any advice on multi families?@dora_da_destroyer there is one that came on the market for a real attractive price.
cleanface coney
Superstar
copped a 3 unit(2300 sq ft) right off of mack and the boulevard...just got through gutting the whole place down to the studs ( i flew my nikkafrom miami up here it took us a month and a half but we did it lol) bout to put between 30-40k for the rehab...open up one of the upstairs units make it loftstyle...move in..rent out the other 2 units..cop another one..repeat until i got maybe 4 or 5 multi units.
values are going up too ...and you still have about 2-3 years to buy up some cribs before you gotta spend a check to even get in.
its people thats been underwater... getting appraisals now...and finding out they have equity
ride up and down streets you see people doing all kind of home improvements
houses getting demolished like crazy ...10k prolly by the end of this year..7k from september last year to may 2016..that fed money bout to come thru too
if you from detroit you see it, i been tellin yall boys yall aint listening though
hella people from all over moving in too. ...a couple years ago they tried to announce detroit bouncing back but people were buying houses, not paying taxes letting em foreclose and go right back to the city...people coming through now...they got plans..im moving here,... im opening up a business here,...all these nyc people coming here opening up restaurants n shyt..buying brick houses for 2-3k...you talk to em and find out aint no brick houses for that amount in the nyc, bostons, chicagos, etc..they realize detroit is actually an international city ....not just with black and white people we got types coming through
and i gotta plug with the Detroit Land Bank
...if you are SERIOUS email me maybe we can put something together..ive looked out for some of my clients that i refinanced already..one guy goes to argentina gets money from investors and buys em for them..i put a couple dollars in my pocket we both eat..i cant be on here all the time like i used to but gimme some time imma be running my own shyt ...i can plug yall now... yall my coli people i fukks with yall but yall gotta move on it... dont let the media announce it to you... then you gone be scrambling tryna get in cuz in a couple years you gon have to be playin with some real paper..these people coming from nyc, la, miami not playin... they just not plugged like i am yet but they got the money to be...its comin i put dat on everything
values are going up too ...and you still have about 2-3 years to buy up some cribs before you gotta spend a check to even get in.
its people thats been underwater... getting appraisals now...and finding out they have equity
ride up and down streets you see people doing all kind of home improvements
houses getting demolished like crazy ...10k prolly by the end of this year..7k from september last year to may 2016..that fed money bout to come thru too
if you from detroit you see it, i been tellin yall boys yall aint listening though
hella people from all over moving in too. ...a couple years ago they tried to announce detroit bouncing back but people were buying houses, not paying taxes letting em foreclose and go right back to the city...people coming through now...they got plans..im moving here,... im opening up a business here,...all these nyc people coming here opening up restaurants n shyt..buying brick houses for 2-3k...you talk to em and find out aint no brick houses for that amount in the nyc, bostons, chicagos, etc..they realize detroit is actually an international city ....not just with black and white people we got types coming through
and i gotta plug with the Detroit Land Bank
...if you are SERIOUS email me maybe we can put something together..ive looked out for some of my clients that i refinanced already..one guy goes to argentina gets money from investors and buys em for them..i put a couple dollars in my pocket we both eat..i cant be on here all the time like i used to but gimme some time imma be running my own shyt ...i can plug yall now... yall my coli people i fukks with yall but yall gotta move on it... dont let the media announce it to you... then you gone be scrambling tryna get in cuz in a couple years you gon have to be playin with some real paper..these people coming from nyc, la, miami not playin... they just not plugged like i am yet but they got the money to be...its comin i put dat on everything
brehs a i need a good , reasonably priced camera security system ( i already have adt) but they want $175 a pop to install cams i really really just want 1 to install in my garage
Need something with some type of either offfline or cloud (non paid if possible) backup system
Need something with some type of either offfline or cloud (non paid if possible) backup system
my breh i cant rep you enough, it actually worked, lol i didn't get around to try what you said until now til 3 months later but yup worked like a charm.
my breh i cant rep you enough, it actually worked, lol i didn't get around to try what you said until now til 3 months later but yup worked like a charm.
Hmmm I feel you but...
The condo complex usually has units snatched up quickly though whereas the house I was looking at been on the market for a hot minute
Any advice on multi families?@dora_da_destroyer there is one that came on the market for a real attractive price.
Me and my girl bought into a co-op in March. The main thing that attracted us were the amenities. We have a nice gym, olympic sized pool included in our maint
I love reading the different responses. Perhaps I should clarify that I live in NYC
It will likely not be a forever home, I just want something that is going to be prove to be a good investment in the long run. Fukk paying rent
I live in NYC also. Me and my girl bought a place in Riverdale. It's not in a central location in the city but it was affordable. Our building has great amenities- an olympic sized pool, a nice gym (all included in the maintenance, which is kinda high but easily affordable for us ). Everyone in the area is friendly and we have a free shuttle van that takes residents from the building to the train-station (Metro North). Don't be afraid of moving into to outskirts. The lack of crime and filth is definitely worth it.
UserNameless
Veteran
Closed last week. Moving in Thursday.
Took $71K to close, mortgage at $2900
What's the square footage on that?
...and 71k?
71,000 dollars in closing ?
That doesn't even make sense . What kinda loan you got?
Why doesn't it make sense? More expensive houses have higher closing costs especially when you consider all the "fees"; loan origination, transfer taxes, and other bs.
What's the square footage on that?
...and 71k?
71,000 dollars in closing ?
That doesn't even make sense . What kinda loan you got?