burritos's threads
Asking price=$184,900. I offered 160k, bank countered, $184k, I countered 161k..
by
burritos
on 20 Apr 2012
42 comments, latest
12 years ago
Looking to buy a SFH rental built 2007. 3 bed, 2 bath 1935 Sq ft in South Puget Sound. Carrying costs $1150/mo at their asking price, $1050/mo at mine. ...
Of topic, but do you know anyone who has been affected by this recession?
by
burritos
on 15 Jun 2011
54 comments, latest
13 years ago
IOW, do you have any friends, family, or colleagues who have lost their job? I personally do not have any friends, family, or colleagues who have lost their jobs. ...
I like my realtor
by
burritos
on 11 Mar 2010
56 comments, latest
14 years ago
There's been a lot of bashing of realtors on this board and often justly so. Today, I'm going to give a shout to my realtor. My rentals are in ...
Closing on my second rental this year..
by
burritos
on 25 May 2011
61 comments, latest
13 years ago
3 bed, 2.5 bath, 2300 sq ft. for 200k built in 2007 in South Puget Sound. Hoping to rent it out for 1650/mo. PITI is $1150. Got to fix ...
Should I pay the closing costs?
by
burritos
on 18 Mar 2010
36 comments, latest
13 years ago
So we offered on a sfh(as a rental investment). 3bed, 2bath, 2 garage 1900 sq feet. 200k(that was the asking price) and for the seller to pay closing costs. ...
My renter wants to build a deck in return he'll sign a 2 year lease...
by
burritos
on 23 Sep 2011
29 comments, latest
13 years ago
So my renter's lease is up. He said that he has a friend who builds wooden decks professionally. He asked if they could build a deck in the backyard. ...
Why are savers entitled to a good savings account return?
by
burritos
on 28 Sep 2010
62 comments, latest
13 years ago
Why do we deserve a 4-6% interest return
If there'd been no inflation since 1776, what would our economy look like today?
by
burritos
on 23 Feb 2010
20 comments, latest
14 years ago
Most people, without necessarily understanding the full ramifications of their bias, do not like inflation. There are youtube videos portraying the inflation of our money supply as some conspiracy ...
Would you pay 13k to get 430k loan down to 417k to get a better rate?
by
burritos
on 12 Sep 2011
14 comments, latest
13 years ago
My loand is 430k at 4.25%. If I pay down the balance to 417k, my mortgage broker can get me to 3.875% 30 year fix($2800 closing costs). #housing
How would you use $250,000?
by
burritos
on 26 Jan 2010
33 comments, latest
14 years ago
Thinking of buying a rental in the Puget sound. You can pick up a 3 bed 2 bath new townhouse for 199k(250k at the peak 2 years ago) and ...
Is asserting that armageddon is coming an insult to those who have endured real armageddons?
by
burritos
on 6 Jan 2010
35 comments, latest
14 years ago
Are we really going to go through another depression? Since the financial implosion 1 1/2 years ago, has one American actually starved to death(other than anorexics and bulimics)? Yes ...
Should I put down 20% or 25%
by
burritos
on 9 Dec 2010
28 comments, latest
13 years ago
According to my mortgage broker, on my 196k rental, if I put down 20% I'll get get 5.375% on my 30 year fix. But it'll cost be 1.5 points ...
When a 14 year old buys a home for 12k, and rents it out for $700/mo is that...
by
burritos
on 26 Mar 2012
13 comments, latest
12 years ago
a sign we might be closer to the bottom of the market than we are at the top? http://www.huffingtonpost.com/ Yes, I know that she put money in to it ...
Would you refi in this scenario?
by
burritos
on 6 Jun 2011
10 comments, latest
13 years ago
This is a rental. Current loan 6.125% 30 year fix finishing year 7 next month. Loan amount 119k. Principal/interest $857 per month. If I don't refi and just keep ...
My realtor advised me to hold off purchasing any new rentals...
by
burritos
on 25 Mar 2011
17 comments, latest
13 years ago
So we closed on a SFH 2 months ago and got it rented right away. We wanted to start looking for another rental hoping to pay a little less ...
Is this NAR propaganda about rent?
by
burritos
on 6 May 2012
13 comments, latest
12 years ago
http://www.latimes.com/busines "A nation still struggling to clear up one housing debacle has run smack into another — soaring rents. The foreclosure mess has pushed millions of former homeowners with ...
Did I just throw good money away after bad?
by
burritos
on 28 Oct 2011
9 comments, latest
12 years ago
Paid off my mortgage on one of my rental properties. Originally purchased 2004 for 176k. Zestimate is 160K. Original mortgage was 6.125%, 30 year fix for 140k. Paid amount ...
64,000,000 empty residential units in China...
by
burritos
on 23 May 2011
14 comments, latest
13 years ago
http://www.youtube.com/watch?v Fast forward to minute 6:00 to get to the meat of it. How is this different with the U.S. other than they're Chinese citizens and they are not.
How much has your house dropped since the peak? Are you underwater?
by
burritos
on 17 Mar 2010
25 comments, latest
14 years ago
I'll start. House bought 2000 for 436k. Peaked at 950k, now it's down to 750k. Still in the black.
Can a wifi router increase the net speed beyond the cited maximum speed?
by
burritos
on 4 May 2012
6 comments, latest
12 years ago
I'm with time warner using a cable modem. The service I'm buying gets me supposedly 5-10mbps. With my old dlink wifi router, I was getting 11mbps which I thought ...
Getting tax free income from rental properties.
by
burritos
on 7 Apr 2010
25 comments, latest
14 years ago
Ok, not exactly tax free but I'm envisioning this scenario, tell me where I'm going wrong. You have 4 virtually identical properties. The first 3 you have mortgaged up, ...
It cost 7k to get my rental property rentable....
by
burritos
on 16 Jul 2011
12 comments, latest
13 years ago
This was a former marijuana grow home which was raided by the police. 2400 sq ft home. 4 bed 2.5 bath. After it was ready it took 2 weeks, ...
Is it possible for the stock market to go up in a 10 year period of stagflation and 10% unemployment?
by
burritos
on 14 Apr 2010
11 comments, latest
14 years ago
So I spoke with my buddy who is a financial adviser at JP Morgan. While the stock market hasn't returned to it's highs, my personal portfolio is nearly recovered. ...
Is this an example of market bottom?
by
burritos
on 4 May 2012
7 comments, latest
12 years ago
free cave near Moab? http://gma.yahoo.com/going-wit
When buying a rental property should rent be 1-2%(purchase price) per month?
by
burritos
on 24 Jan 2011
17 comments, latest
13 years ago
Cap rate of 10% doesn't even qualify if the above criteria is your target. On a separate RE investment forum I've been lurking they won't touch a property unless ...
My mortgage broker explained why the mortgage rate is so low...
by
burritos
on 6 Sep 2010
9 comments, latest
14 years ago
I was talking to my mortgage broker and he stated that the reason why the mortgage rate is so low is because the government is buying a ton of ...
Should health insurance cover all vaccines?
by
burritos
on 15 May 2012
4 comments, latest
12 years ago
Say you're rich enough to travel the world. Should you pay for vaccines like typhoid and yellow fever? or should your insurance(thus the rest of the policy holders) pay ...
If RE is going to continue to tank, won't you make money by shorting residential REITs?
by
burritos
on 1 Mar 2011
13 comments, latest
13 years ago
I believe that RE over the long term(between now and my retirement) will improve my wealth as opposed to just banking my savings. Many here certainly believe we have ...
Should I stick with my short sale or wait for a bank owned?
by
burritos
on 24 Jun 2010
7 comments, latest
13 years ago
Trying to get a rental in Puget Sound area. Made 205k short sale offer 2 months ago for a 3 bed 2 bath. It's still pending. Since then a ...
So what are the rates going to do post Japanese earthquake/tsunami/nuclear disaster?
by
burritos
on 16 Mar 2011
3 comments, latest
9 years ago
Japanese buy less of our debt cause it has to rebuild. Rates go up. The world's money flows to perceived safety(that's U.S. Treasuries) during times of crisis(Japan taking a ...
Between buying a 200k property vs purchasing a million dollar cash life insurance policy, which one would you do?
by
burritos
on 8 Jun 2011
5 comments, latest
13 years ago
I'm sure both are non desirable prospects for the population at large on this board. But if you were forced to decide between the 2, which one would you ...
Has anyone done a refi through amerisave?
by
burritos
on 27 Jan 2012
5 comments, latest
11 years ago
They seem to have the best rates and lowest costs. But I'm wary cause I've never heard of they. Yelp has a sudden surge of reviews done in the ...
Zillow now has a new rental estimator
by
burritos
on 21 Mar 2011
8 comments, latest
13 years ago
So if you click on a property, it'll tell you that approximate mortgage you'll be paying and it'll also list the approximate rent the property would get. I wonder ...
Lunacy in Sin City
by
burritos
on 14 Oct 2009
3 comments, latest
15 years ago
http://www.cnbc.com/id/3331009 Interesting there are still buyers.
Is the stock market market a predictor of the real estate market?
by
burritos
on 17 Feb 2011
9 comments, latest
13 years ago
Or are they independent of each other? The market seems like it's been in a decent bull market for the last 2 years. I know there was a lot ...
How about this to solve the Medicare and SSI?
by
burritos
on 5 Apr 2010
9 comments, latest
14 years ago
Delay the right to collect benefits 1 week every month till you hit the age of 72. I'm not sure when one is able to collect. I think it's ...
Would you take an ounce of gold right now or a $100,000 in 10 years?
by
burritos
on 16 Dec 2009
6 comments, latest
14 years ago
Note, if you opt for the ounce of gold now, you can't sell it for at least 10 years. If you opt for the option of $100,000 in ten ...
My short sale for a rental property is failing...
by
burritos
on 6 Dec 2010
2 comments, latest
13 years ago
Still trying to acquire a rental property in the Puget Sound area. On month 8 on my short sale and still nothing from the banks. It seems like an ...
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