It was in the PSN thread and I got too far off topic.anyone know why tyler got banned? Can you pm me?
That would have been my second guess, you can thank Frisky for that ban, I'm sure it was him. Glad to see you back though!It was in the PSN thread and I got too far off topic.
"Seller will not redeem ground rent if any."I'm in the process of looking to buy my first Home and am going to to my first showing this weekend. This is the house I'll be looking at. Any questions or things I should be looking out for?
It's got a pink tub so that's good enough for me.I'm in the process of looking to buy my first Home and am going to to my first showing this weekend. This is the house I'll be looking at. Any questions or things I should be looking out for?
^This. Double and triple check the title report. Check the property for any outstanding liens. Try to uncover all you can about the home's history. Check for foundation cracks, roof, leaks and any other exterior damage. Ask how long the house has been empty for? Was it winterized? Learn all you can about the neighborhood and make sure that you like the location, it is the only thing you can't change (aka the motto of this thread)."Seller will not redeem ground rent if any."
Make sure you own the land too if you buy this. See how many Liens are on the property and what amount. We know from the pics it doesnt have central air and I do not see any vents, so I am assuming this place has radiators. Mold would be the thing to look for as well as asbestos.
http://sdat.resiusa.org/RealProperty/Pages/default.aspx or http://cityservices.baltimorecity.gov/realproperty/default.aspxThanks for the suggestions guys. I did some research on the house and it doesn't appear to have any ground rent but I couldn't find any info about the leins. I'll ask the Realtor about that tomorrow.
I believe it is when a home is built on someone else's land. So you rent the land, but own the home. If the lease runs out, I believe you have to move the house if possible. It's like living in a trailer park, except your home isn't mobile (and the leases are usually many years for land rent)I had to look up what ground rent is... and I'm still confused.
The way I understand is that its rent you must pay the person who owns the land your house is on.I had to look up what ground rent is... and I'm still confused.
Ok cool. Thats where I looked too but didn't see anything about leins.http://sdat.resiusa.org/RealProperty/Pages/default.aspx or http://cityservices.baltimorecity.gov/realproperty/default.aspx
Block: 3111
Lot: 008
I don't have the time to do a more thorough search but it looks like you are free and clear.
Jesus Christ. Looks like a nice neighborhood too. Just write a check. Man, I'm an idiot for living where I live.$85k for a 2000 square foot house... me.
I know nothing about Baltimore so I hope I'm right. It's much easier to search land records in NY or NJ.The way I understand is that its rent you must pay the person who owns the land your house is on.
Ok cool. Thats where I looked too but didn't see anything about leins.
Supply and demand.Jesus Christ. Looks like a nice neighborhood too. Just write a check. Man, I'm an idiot for living where I live.
I know... my house is the same size (2,000 sqft.) and I'm 100% positive it is worth over 10X. It's just so out of whack around here.Supply and demand.
That's what I thought... but wikipedia's explanation is so much more complicated. :lol:I believe it is when a home is built on someone else's land. So you rent the land, but own the home. If the lease runs out, I believe you have to move the house if possible. It's like living in a trailer park, except your home isn't mobile (and the leases are usually many years for land rent)
Its true. I lived in Baltimore my whole life and houses are pretty cheap since no one wants to live in Baltimore City.you people who own a house where median house costs $600k should really stop bellyaching about how much your house is and how small it is. I'm guessing Javery and Dead of Knight live just outside NYC, SF, or possibly Boston.
1) unless there's something like a riot or a nuclear strike, your houses will maintain their value.
2) if you're living in such an area, you must be making at least 200k+ so nobody is going to feel sorry for you
plus, how do i emphasize this enough... SF/NYC > Baltimore in just so many ing ways it's not even a comparison. I'll take a 1000 sq ft condo in sf over a 100,000 ft estate in baltimore every single day.
(No offense to people in Baltimore.)
Sure you can live in Morristown and commute 2 hours to NYC but you probably don't. You probably live within a reasonable commute to NYC and that is what you pay for.
Yup I'm in Boston metro. The median house price in my town is currently a tad over 400k. Bought ours at 300k but we could probably get it for 400k because the market is crazy here right now. :lol:you people who own a house where median house costs $600k should really stop bellyaching about how much your house is and how small it is. I'm guessing Javery and Dead of Knight live just outside NYC, SF, or possibly Boston.
1) unless there's something like a riot or a nuclear strike, your houses will maintain their value.
2) if you're living in such an area, you must be making at least 200k+ so nobody is going to feel sorry for you
plus, how do i emphasize this enough... SF/NYC > Baltimore in just so many ing ways it's not even a comparison. I'll take a 1000 sq ft condo in sf over a 100,000 ft estate in baltimore every single day.
(No offense to people in Baltimore.)
Sure you can live in Morristown and commute 2 hours to NYC but you probably don't. You probably live within a reasonable commute to NYC and that is what you pay for.
Assuming it's a condo run by a homeowners association, make sure to find out the HOA fees for the place and also find out what kind of cash reserves the condo has and how frequently HOA prices change. This can tell you how stable or unstable the HOA is.Its true. I lived in Baltimore my whole life and houses are pretty cheap since no one wants to live in Baltimore City.
Anyway I went to the showing today and the Realtor was terrible. The Realtor showed up 45 mins late and didn't even have the key to let us get in the house. Luckily another realtor was there and had just shown the house to someone else and he left the door open for us. The house needs quite a bit of work. My Dad was saying I'd probably need to throw in another 40k or so to fix up the house so Im gonna pass. Im looking at this condo now.
For 99% of the us, it is the biggest decision/purchase we'll ever make. I would encourage you to come up with a budget. Ultimately, location and price are the two limiting factors. From experience, I wouldn't recommend compromising on location. That said sometimes, it is impossible to find a house in your price range in a given area. So, you'll have to put up with a longer commute or live in an up and coming neighborhood. Hence, why some people live in Morristown or South Orange/Maplewood, instead of Summit or Short Hills.Anyway, on topic, I did some house shopping today and it's a pretty paralyzing experience. It's too big of a decision to make for me.
This is all I meant as well (I'm outside NYC). Higher cost of living is proportional for most things which is easy to accept except for real estate which seems completely disproportionate. I paid less than what I think the house is worth 10 years ago (not by much though if you factor in the renovations)... which is good.... but I'm likely never selling so I'll never realize the appreciation... which isn't so good. I can't really complain though (with a straight face anyway :lol.I can't just marvel at the disparity of housing prices across this great land? :lol:
I think your fridge is dying or at least it is losing freon. The easiest option would be to replace it. Although you could try to get it repaired.So I keep my house quite warm, 77-79 degrees when I'm home and 82-84 when I'm out of the house.
I mention this because I think my fridge is on it's last leg. It's an older model, I bought a fridge thermometer at Amazon and it reports temps of 42-44 degrees inside the fridge. Everything I've read suggests this is slightly higher than the recommended temp. Anyways, opened it this evening and it was at 52 degrees. It's down to about 50 now but I'm guessing my fridge only has days or weeks left at this point. My temperature setting in the fridge is also at 9, the highest setting it can go.
Could the heat in the inside of my house possibly be having this much of an effect on my fridge, or is it time to break down and buy a new fridge?
And if anyone has affordable but quality recommendations, please let me know. I'm looking for a cheaper freezer-top version.
Thanks.
The HOA fees were $300 a month so I passed. Im looking at this house now. I made an offer for 85k.Assuming it's a condo run by a homeowners association, make sure to find out the HOA fees for the place and also find out what kind of cash reserves the condo has and how frequently HOA prices change. This can tell you how stable or unstable the HOA is.
That is a nice buy IMO. It is dated, but I love retro looking stuff, so I wouldn't do much in the kitchen. I would buy a retro looking fridge put down a laminate floor (cheap way to update the flooring) and call it a day. Tear out the carpet, leave the wood floors. Leave the bathroom and just paint the pink items. I don't see any potential problems in the pics, but make sure you have the foundation inspected. Good luck!The HOA fees were $300 a month so I passed. Im looking at this house now. I made an offer for 85k.
Thanks. I took a look at the house yesterday and from I can see the only thing that needs major work is the basement, there's some mold down there.That is a nice buy IMO. It is dated, but I love retro looking stuff, so I wouldn't do much in the kitchen. I would buy a retro looking fridge put down a laminate floor (cheap way to update the flooring) and call it a day. Tear out the carpet, leave the wood floors. Leave the bathroom and just paint the pink items. I don't see any potential problems in the pics, but make sure you have the foundation inspected. Good luck!
Make sure you don't dick around with that mold. Also make sure the basement has decent ventilation or you'll keep having mold problems.Thanks. I took a look at the house yesterday and from I can see the only thing that needs major work is the basement, there's some mold down there.
Luckily it's in a "quite" area. Except for those gunshots a block away last week. =0The HOA fees were $300 a month so I passed. Im looking at this house now. I made an offer for 85k.
It's Baltimore, whaddya expect?Luckily it's in a "quite" area. Except for those gunshots a block away last week. =0
07/23/2014 Shooting. Single Victim GSW to head. Homicide Req.
07/23/2014 Shooting Adult Male Reported To Be Shot In The Upper Body.
Congrats!Thanks for the fridge input guys. I actually ended up going with Kenmore, which I believe is made by Frigidaire, but might be an inferior line. The fridge I bought got a 60 on consumer reports, which was right in line with the other fridges that were in my price range.
Pretty much.It's Baltimore, whaddya expect?
If I get this house this will be the first thing I fix. The basement is pretty big and has a bathroom with a shower so I'd get that fix up asap so I can rent the basement out.Make sure you don't dick around with that mold. Also make sure the basement has decent ventilation or you'll keep having mold problems.
This is what I am thinking. As long as you can cover the mortgage for the month or so when it sits empty in between it looks like it would be a good idea in the long term - especially since I'm not planning in staying the same city for the long long term.A buddy of mine successfully pulled this off and has now moved on to a second rental property. I think the key to succeeding, is understanding the responsibilities that come along with being a landlord (a lot of time and effort that goes into it) and getting your finances in order. You need to have enough financial flexibility to cover the mortgage payments when/if the tenant doesn't pay or when the unit sits empty between tenants.
Yeah, pretty much. When people use the term duplex I usually think of those triple deckers or other similar style houses that you see in the downtown areas of cities. This would be a normal two family house. Maybe it is a little different lingo depending on where you are.by buying your home as a "two family" are you referring to a duplex? if so one of my buds did that after they got married, he's a sherrif so he is off a few days a week during which time he can be mr fix it, so that has worked out nicely for him. I think he owns three duplexes now. he always says its the perfect thing to do if you have the time to fix everyones problems and don't mind a little hard work.