Home Buying & Real Estate Thread

youngwolf said:
Word...
But he's in here talking about having a mortgage on a < 100k HUD home.

Go away forever.
Click to expand...
Wrong. let me say this again since you cant read and comprehend .

The 100k home as I STATED was my first home. Then as I stated I bought a 2nd home recently that is close to a 250k house

So yes right now I do own 2 homes. 100k(what i paid for it) house worth 160k and a 250k house in Brentwood TN, a rich county where you probably wouldnt even be able to fit in at. and one of my neighbors i a Titans NFL player

Reason I say 100k is because that is what I PAID for it.

But now it is worth close to 160k,that is why i said 160k

Try again troll!
 
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Riverdale Road said:
Closed on my house in August here in ATL.
Price on the house was about 200k 3400 sq 5 bedrooms 3 full baths
We was able to get a USDA loan where we didn't have to put really no money down & no PMI so that made our mortgage payments very low compared to an FHA loan.
Interest rate was 4.5%
The problem with the USDA loan is it can take a while because they are so backed up but I will say if you stay in an area that offer it take it, it was well worth it
Make sure you pay debt on time & try to pay as much off as possible
Pics of my house
Click to expand...
Riverdale Road said:
Closed on my house in August here in ATL.
Price on the house was about 200k 3400 sq 5 bedrooms 3 full baths
We was able to get a USDA loan where we didn't have to put really no money down & no PMI so that made our mortgage payments very low compared to an FHA loan.
Interest rate was 4.5%
The problem with the USDA loan is it can take a while because they are so backed up but I will say if you stay in an area that offer it take it, it was well worth it
Make sure you pay debt on time & try to pay as much off as possible
Pics of my house
Click to expand...
Thats  a nice house but for 200k you could had did better with it being in ATL. Could had dang near got a mansion for 200k. Check out this one for 200k...

WOW the kitchen is EXACTLY like yours even down to the lights in the ceiling pattern

http://www.trulia.com/property/3171612214-8912-Wortham-Ln-Atlanta-GA-30349#photo-7

http://www.trulia.com/property/3171612214-8912-Wortham-Ln-Atlanta-GA-30349#photo-10
 
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Superb said:
 
Thats  a nice house but for 200k you could had did better with it being in ATL. Could had dang near got a mansion for 200k. Check out this one for 200k...

WOW the kitchen is EXACTLY like yours even down to the lights in the ceiling pattern

http://www.trulia.com/property/3171612214-8912-Wortham-Ln-Atlanta-GA-30349#photo-7

http://www.trulia.com/property/3171612214-8912-Wortham-Ln-Atlanta-GA-30349#photo-10
Click to expand...
Unless you post your mortgage statement...stay out the thread.

I'll wait.
 
lol at people making crap up. all this info is available via googling. bottom line is, you must be qualified and in good standing, because if you are not, then your terms will differ from someone else‘s.

i did 20ish % down, conventional loan. i asked myself, why can‘t i do these 3.5% and whatever program if it gives me flexibility. when u do the math, or shall i say, when u look at the realities of it, you know that it is best to PAY AS MUCH as you can.

some of yall too much dean transvetty crosby. and LOL at the kiosk fake. why do guys fake egotistical stories? RE is all about location, so what you FEEL in your area can be different from another, therefore, make sure you understand what the major news folks are reporting.
 
Riverdale Road said:
Closed on my house in August here in ATL.
Price on the house was about 200k 3400 sq 5 bedrooms 3 full baths
We was able to get a USDA loan where we didn't have to put really no money down & no PMI so that made our mortgage payments very low compared to an FHA loan.
Interest rate was 4.5%
The problem with the USDA loan is it can take a while because they are so backed up but I will say if you stay in an area that offer it take it, it was well worth it
Make sure you pay debt on time & try to pay as much off as possible
Pics of my house
1000
Click to expand...

congrats! a house like that in my area goes for 500k easy.
 
Bravelude said:
lol at people making crap up. all this info is available via googling. bottom line is, you must be qualified and in good standing, because if you are not, then your terms will differ from someone else‘s.

i did 20ish % down, conventional loan. i asked myself, why can‘t i do these 3.5% and whatever program if it gives me flexibility. when u do the math, or shall i say, when u look at the realities of it, you know that it is best to PAY AS MUCH as you can.

some of yall too much dean transvetty crosby. and LOL at the kiosk fake. why do guys fake egotistical stories? RE is all about location, so what you FEEL in your area can be different from another, therefore, make sure you understand what the major news folks are reporting.
Click to expand...
Repped.
 
Riverdale Road said:
Closed on my house in August here in ATL.
Price on the house was about 200k 3400 sq 5 bedrooms 3 full baths
We was able to get a USDA loan where we didn't have to put really no money down & no PMI so that made our mortgage payments very low compared to an FHA loan.
Interest rate was 4.5%
The problem with the USDA loan is it can take a while because they are so backed up but I will say if you stay in an area that offer it take it, it was well worth it
Make sure you pay debt on time & try to pay as much off as possible
Pics of my house
1000
Click to expand...

What part of ATL? If you don't mind me asking.
 
USABasketball08 said:
That house is so cheap because the surrounding neighborhood and area are old and run down. That remodel tho :pimp:
Click to expand...

What are some nice areas in ATL,Dallas,Houston to look up ?

I'm looking for a safe & diverse city. I'm looking to start settling down and having some kids. I just don't want to be out in the boonies where all you have is one mall to go shop & eat.

My budget if we were to make the move would be 200k but would like to stay lower than that because it would be big move.
 
lol at 150. more like 200-250 a pop these days

dean crosbtis posts here lol. 0 down had me rolling......backed up cuz busy? lollll
 
Need some opinions/suggestions on what to do here.

Earlier in this thread i mentioned i that back in January of this year i bought a home. 3 br 2 bath ranch. Mortgage payment is $1660/month. 

I live by myself and i got laid off from my job back in may. I was making $55 - $60,000 a year, right now I'm working 2 jobs & 80 hours a week to make some progress here. At one job it was a temp to hire permanent position & they're making me permanent. I get a nice raise and double time working sundays. 

This is what I'm getting at. I have an FHA loan and i can't sell it or rent it out for one year and January 2015 will be one year. Im trying to live well within my means. Should i rent it out and get a condo? or just sell it all together and get a condo or maybe a smaller home? I wouldn't mind keeping the home for future investments and one day when I'm ready to settle down with wife & kids i already have a home for us to live in.

I got a home that size because i was thinking of the future not knowing 5 months later i was going to lose my job. 
 
R-Man Jam said:
Need some opinions/suggestions on what to do here.

Earlier in this thread i mentioned i that back in January of this year i bought a home. 3 br 2 bath ranch. Mortgage payment is $1660/month. 

I live by myself and i got laid off from my job back in may. I was making $55 - $60,000 a year, right now I'm working 2 jobs & 80 hours a week to make some progress here. At one job it was a temp to hire permanent position & they're making me permanent. I get a nice raise and double time working sundays. 

This is what I'm getting at. I have an FHA loan and i can't sell it or rent it out for one year and January 2015 will be one year. Im trying to live well within my means. Should i rent it out and get a condo? or just sell it all together and get a condo or maybe a smaller home? I wouldn't mind keeping the home for future investments and one day when I'm ready to settle down with wife & kids i already have a home for us to live in.

I got a home that size because i was thinking of the future not knowing 5 months later i was going to lose my job. 
Click to expand...

Things like this make me think twice before settling down and buying something. You just never know.

If u can find a reliable tenant then rent it out but otherwise it might be less stress to just sell it.
 
Yeah, renting out could turn into potential disaster.

I bought the house I live in now to "save" on rent so to speak. First year was fine but now little fixes here and there are adding up. I also miss being able to just call an office and have them do it like when living in an apparent. I also learned I hate the idea of having to stay somewhere. The freedom of renting felt good. I knew this wasn't my "forever home" so it's no biggie but I dread the day I have to put it in the market and such :x a lot of work
 
I swear y'all cats In this thread have me ready to buy a crib on Monday, then change my mind and continue to rent on Wednesday :smh: :lol:
 
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