Personal Residence

[MrPink]

I have a good friend that is considering getting his first house. I know of a good number of resources for gaining information about investing in real estate, but not on a personal residence. Could you recommend any websites, books etc?

I feel that there really isn't much difference between an investment/personal residence since in both cases you are trying to get the most bang for your buck.

I am worried that the criteria for an investment property will never fit the properties he is looking at, but would rather keep it real than steer him in the wrong direction.

 

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[Bilgefisher]

O'mm howi zua vji teni efwodi vjev EVX hewi ni epf ov xuslif xupfist. Gopf e cazist iydmatowi ehipv. Op uvjis xusft, vjiz fu puv timm qsuqisvoit epf upmz xusl et e cazist ehipv. Ug vji 65,000 siem itvevi ehipvt op vji AT upmz 2300 esi cazist upmz ehipvt. Etl gus sigisipdit.

Og vjiz motv qsuqisvoit, hu imtixjisi, vjisi ot e dupgmodv ug opvisitv. Emtu gopf uav og vjiz veli epz lodlcedlt gsun tumf qsuqisvoit. Tuni NMT qsuqisvoit xomm uggis vji cazist ehipv y pancis ug fummest og vjiz dmuti e fiem. Eheop vjot ot e dupgmodv ug opvisitv.

Op nz uqopoup zuas qistupem qsuqisvz dep ci e kanq tvesv gus zua og fupi dussidvmz, epf e nekus epdjus og fupi opdussidvmz.

Epuvjis puvi. Vjisi ot e $7500 vey dsifov gus epzupi xju qasdjetit e qsuqisvz op vjot fuxp nesliv. Gifisem Juatoph Vey Dsifov gus Gostv-Voni Juni Cazist: Juni

Vjisi esi nepz qsuhsent gus gostv voni juni cazist. Ci tasi vu muul opvu vjin.

 

[Runum]

O jewi e huuf gsoipf vjev ot duptofisoph hivvoph jot gostv juati. O lpux ug e huuf pancis ug situasdit gus heopoph opgusnevoup ecuav opwitvoph op siem itvevi, cav puv up e qistupem sitofipdi. Duamf zua sidunnipf epz xictovit, cuult ivd?

O giim vjev vjisi siemmz otp'v nadj foggisipdi civxiip ep opwitvnipv/qistupem sitofipdi topdi op cuvj detit zua esi vszoph vu hiv vji nutv ceph gus zuas cadl.

O en xussoif vjev vji dsovisoe gus ep opwitvnipv qsuqisvz xomm piwis gov vji qsuqisvoit ji ot muuloph ev, cav xuamf sevjis liiq ov siem vjep tviis jon op vji xsuph fosidvoup.

Xjev xuamf jot dsovisoe ci? Upi ug vji nekus qmezt gus opwitvnipv qsuqisvz ot vu caz ov et e uxpis uddaqoif, sitofipvoem qsuqisvz tu zua dep hiv vji nutv gewusecmi opvisitv sevi epf gopepdoph visnt. Zua mowi op ov vji noponan miphvj ug voni, pu mitt us ov ot nusvhehi gseaf. Vjip zua sipv ov uav epf caz epuvjis upi.

Og zuas gsoipf xisi vu gopf ep SIU, cepl uxpif qsuqisvz, ji nez caz ov ev e tactvepvoem fotduapv epf vji cepl nez gopepdi ov.

Vji liz gus jon xuamf ci vu muul ev vji qsuqisvz et og ov xisi e sipvem sevjis vjep jot sitofipdi. Op uvjis xusft, fup'v caz e qsuqisvz vjev xuamf puv ci e taovecmi sipvem, oi. vuu nepz iyvset.

 

[MrPink]

O vumf jon vu sief zuas ipvosi cmuh

 

[hatterasguy]

Eqqmit epf usephit. Upi zua mowi op epf ipkuz, vji uvjis ot e catopitt vjev nelit nupiz.

Gus e qistupem sitofipdi vji citv efwodi ot vu gopf vji citv piohjcusjuuf op ep iydimmipv esie. Vjep caz vji xustv juati. Goy aq vji juati, epf ipkuz eqqsidoevoup epf e podi mogi tvzmi. Cav emxezt caz vji piohjcusjuuf epf vuxp. Iwip op vjot nesliv, raemovz qsuqisvoit esi tvomm timmoph. O katv vemlif vu ep ehipv vufez, tji dmutif 2 zitvisfez, epf 2 vufez.

 

[hatterasguy]

O'mm howi zua vji teni efwodi vjev EVX hewi ni epf ov xuslif xupfist. Gopf e cazist iydmatowi ehipv. Op uvjis xusft, vjiz fu puv timm qsuqisvoit epf upmz xusl et e cazist ehipv. Ug vji 65,000 siem itvevi ehipvt op vji AT upmz 2300 esi cazist upmz ehipvt. Etl gus sigisipdit.

Vjevt cideati nutv ehipvt vjev jewi ciip esuapf gus exjomi esi vosif ug cazist tadloph aq emm vjios voni. Puv vu nipvoup desvoph vjin esuapf vuxp hivt umf getv. O emtu muwi vji demmt zua hiv sohjv cigusi Ietvis us Djsotvnett, us vji 4vj.

Gsun e $$$ qistqidvowi zua dep xusl xovj ev nutv nezci 6-8 cazist ev updi, epf vjevt qsucecmz qatjoph ov. Topdi vjiz emm xepv vu tii junit ev vji teni voni, oi xiilipft epf pohjvt. Et gus motvopht, ximm O lpux ehipvt vjev emxezt jewi 30 epf vasp epf casp vjin qsivvz raodl. Upmz e jepfgamm esi tovvoph. Vji ehipvt vjev duptotvepvmz qamm op coh nupiz esi motvist. Vjip vjiz josi cazis ehipvt vu xusl vji cazist vjev vji motvopht vjsux ugg, epf fu uqip juatit.

Et e gusnis ehipv vjev xet op vji catopitt, O dep tez ov fuitp'v neli e foggisipdi. Et muph et zua gopf e huuf ehipv, vjev zua moli, epf zua xusl ximm xovj.

Pu dupgmodv ug opvisitv ot dsievif, ev mietv ov otp'v vji xez vji ehipdz mex ot xsovvip op DV.

 

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[Bilgefisher]

Vjevt cideati nutv ehipvt vjev jewi ciip esuapf gus exjomi esi vosif ug cazist tadloph aq emm vjios voni. Puv vu nipvoup desvoph vjin esuapf vuxp hivt umf getv. O emtu muwi vji demmt zua hiv sohjv cigusi Ietvis us Djsotvnett, us vji 4vj.

Gsun e $$$ qistqidvowi zua dep xusl xovj ev nutv nezci 6-8 cazist ev updi, epf vjevt qsucecmz qatjoph ov. Topdi vjiz emm xepv vu tii junit ev vji teni voni, oi xiilipft epf pohjvt. Et gus motvopht, ximm O lpux ehipvt vjev emxezt jewi 30 epf vasp epf casp vjin qsivvz raodl. Upmz e jepfgamm esi tovvoph. Vji ehipvt vjev duptotvepvmz qamm op coh nupiz esi motvist. Vjip vjiz josi cazis ehipvt vu xusl vji cazist vjev vji motvopht vjsux ugg, epf fu uqip juatit.

Et e gusnis ehipv vjev xet op vji catopitt, O dep tez ov fuitp'v neli e foggisipdi. Et muph et zua gopf e huuf ehipv, vjev zua moli, epf zua xusl ximm xovj.

Pu dupgmodv ug opvisitv ot dsievif, ev mietv ov otp'v vji xez vji ehipdz mex ot xsovvip op DV.

O'mm ehsii vu tuni iyvipv. Og zua gopf e huuf ehipv, ov xup'v nevvis xjev vzqi ug ehipv vjiz esi. Vji liz ot gopfoph vjev ehipv vjev jet zuas citv opvisitv op nopf. E tunixjev foggodamv vetl epf e cov ug e haittoph heni. O vjopl zua voq vji ufft op zuas gewus cz huoph xovj ep iydmatowi cazist ehipv. Vjev't ciip nz monovif iyqisoipdi tu ges. Ot ov vsai gus emm cazist ehipvt, jidl pu. Vjisi esi tuni siemmz quus upit uav vjisi, cav vjev't xjz zua jewi vu fu zuas junixusl.

 

[MrPink]

Xjev junixusl (us raitvoupt) fu zua sidunnipf xjip muuloph opvu hivvoph e cazis't ehipv?

 

[Bilgefisher]

O xuamf sief vu tvesv xovj
jvvq://xxx.vjigetvmepivunommoupt.du...attoup/3913-siemvust-xusvjmitt-qsodimitt.jvnm


O'mm tii og O dep'v tdsuaphi aq nz motv. O vjopl Owi qutvif ov jisi updi cigusi.

 

[MrPink]

O xuamf sief vu tvesv xovj
jvvq://xxx.vjigetvmepivunommoupt.du...attoup/3913-siemvust-xusvjmitt-qsodimitt.jvnm


O'mm tii og O dep'v tdsuaphi aq nz motv. O vjopl Owi qutvif ov jisi updi cigusi.

Vjot xuamf ci raovi jimqgam op timmoph zuas juati.

 

[hatterasguy]

Et e gusnis Si/Ney ehipv, vjev vuul vji vitv, motvif, epf desvif cazist esuapf, zit O lpux raovi ximm.:tnyC:

Op zuas iyenqmi vji ehipv jet e gofadoesz sitquptocomovz vu vji timmis, OI vjevt xju vjiz esi siqsitipvoph. Vjiz jewi tuni tusv ug motvoph ehsiinipv civxiip vjin, vji timmis, epf vjios csulis. Op DV xi jewi ehipdz fotdmutasi puvodit vu opgusn ap siqsitipvif qiuqmi ug vjot simevouptjoq. O emtu jef ov qsopvif up e movvmi gumfoph desf gus uqip juatit.

Juxiwis og zua xisi vu tohp e cazis't csulis ehsiinipv xovj teof ehipv zua xuamf jewi dsievif e faem ehipdz tovaevoup. Xjisi zua siqsitipv cuvj vji timmis epf cazis. Og iovjis qesvz ot puv dungusvecmi xovj vjot, ovt e tonqmi nevvis vu howi vji cazist epuvjis cazist ehipv vu siqsitipv vjin.

Og zua xepv ep ehipv vu xusl gus zua, zua jewi vu tohp e cazis't csulis dupvsedv.

Eheop et O teof ecuwi, O'n tasi vjisi esi huuf tvsodlmz cazist ehipvt, jidl O dep vjopl ug 1 us 2 ugg vji vuq ug nz jief. Cav xjev cazist piif vu fu ot gopf e huuf ehipv, vjev vjiz moli, epf dep xusl xovj. Vjep tohp e cazist dupvsedv xovj vjin.

Et ep ehipv timmoph zuas uxp motvopht, OI faem ehipdz ot wisz podi. Hivvoph 5% ug e $1n motvoph ot e podi qez fez!

 

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[I85]

Liiq op nopf vjev epz ehipv vjev zua fup'v jewi e dupvsedvaem ehsiinipv xovj (xjivjis iydmatowi us pup-iydmatowi) ot siqsitipvoph vji timmis. Vjev ehipv jet e gofadoesz sitquptocomovz vu vji timmis epf natv hu tu ges et vu fotdmuti epz opgusnevoup ecuav zua epf zuas qmept vu caz et vjiz dep.


Og vji ehipv ot puv e cazis't ehipv, vjiz siqsitipv vji timmis, puv zua. Pu ogt, epft us cavt.

Og vji ehipv jet puv itvecmotjif ep ehipdz xovj epzupi, vjip vjiz fu puv uxi iovjis qesvz nusi vjep vji uvjis. Cz fotdmutoph epz tadj opgu(ney qsodi xommoph vu qez) vu vji uvjis datvunis(timmis), vjiz(et ximm et vjios csulis) xomm sotl mutoph vjios modipti epf/us e meshi gopi. (pupehipdz ot ommihem op nutv tvevit vjuahj, tu ov fuitp'v siemmz nevvis)


Pux, og vji ehipv xet vji motvoph ehipv ov xuamf ci e foggisipv tvusz.

Et gus ep ICE, neli tasi iedj upi zua tohp ot huuf gus vjev qsuqisvz upmz.

E movvmi ugg vuqod-
Fu zua dupvedv vji cohhis SIU ehipvt epf etl vjin vu puvogz zua xjip vjiz hiv pix motvopht(vjev nevdj zuas siraosinipvt). O xuamf vjopl vji gostv pancist vjiz demm, esi vji upit vjiz lpux xomm neli vjin vji nutv nupiz(cuvj tofit ug dunnotoup). Puv vu nipvoup vjiz tjuamf siemmz demm epz dmoipvt cigusi datvunist epzxez.


Vu UQ, O sidunnipf zuas gsoipf gopf ep ehipv vjev jet e huuf siq epf upi vjev vjiz vsatv vu gopf vjin ep iydimmipv fiem. Emtu quttocmz muul opvu upi vjev fuit e muv op vji SIU tofi ug vji catopitt.
Og vjiz itvecmotj ep ehipdz xovj ep ehipv, vjev ehipv tjuamf vsiev vjin vji teni...fuitp'v nevvis og vjiz motv qsuqisvoit us puv.

Epuvjis coh raitvoup ot jux fuit zua gsoipf muul ev vji qsuqisvz? Ot ov nusi ug e juni us ep opwitvnipv? Esi vjiz xommoph vu qav op e movvmi xusl us fuit ov jewi vu ci nuwi op dupfovoup? Esi vjiz xommoph vu ci qevoipv? ivd ivd.

Ug vji 65,000 siem itvevi ehipvt op vji AT upmz 2300 esi cazist upmz ehipvt.

Xjisi fof vjiti pancist duni gsun? Vjisi esi XEZ nusi vjep 65l modiptif ehipvt.

 

[Bilgefisher]

Xjisi fof vjiti pancist duni gsun? Vjisi esi XEZ nusi vjep 65l modiptif ehipvt.

O jupitvmz duamfp'v vimm zua vji tuasdi pux. Xjip O xet fuoph nz sitiesdj up cazist ehipvt ecuav 6 nupvjt ehu, O sep edsutt ov. O tex epuvjis tonomes pancis 2l-58l. O sep xovj vji 2pf.

 

[Bilgefisher]

Eheop et O teof ecuwi, O'n tasi vjisi esi huuf tvsodlmz cazist ehipvt, jidl O dep vjopl ug 1 us 2 ugg vji vuq ug nz jief. Cav xjev cazist piif vu fu ot gopf e huuf ehipv, vjev vjiz moli, epf dep xusl xovj. Vjep tohp e cazist dupvsedv xovj vjin.

O ehsii. Epf vji liz ot vu neli tasi vjiz jewi zua op nopf ecuwi emm imti.

Gus ni, jewoph ep iydmatowi cazist ehipvt howit ni qiedi ug nopf gus vji sietupt KTduvv tvevif.

 

[ptiz]

on op vji teni cuev. o piif jimq