All Forum Posts by: Daeun Lee

Thank you all for the reply! I will talk to my agent once again about adding the option to the description. 

Hi everyone, I’m looking for some advice regarding the sale of my property.

I currently own a single-family home in Winnetka, California, located in a quiet cul-de-sac. A comparable home next door sold for $1.1M a few months ago, and I’m seeing similar listings in the area now going for $1M-1.2M.

Due to a recent international move, I had a tight timeline and hired an agent to handle everything on my behalf. The house was listed this past Friday, but the market seems quite slow at the moment. I priced it roughly $200K below other similar homes, as mine needs some love, whereas the others are fully renovated. (But it is not a fixer, major things like window, furnace, electrical pannel etc were updated couple years ago.)

Here's my concern: I'm on an FHA loan with a 3% interest rate (around 4% with PMI), and the loan is assumable. Ideally, I'd like to find a buyer interested in assuming the loan—it would give them a great interest rate and possibly allow me to negotiate a higher sale price. However, my agent advised against it and said it's not possible. I'm not sure why she dismissed the idea, but since I'm under contract, I feel stuck following her guidance.

Did I rush the process? Are there any other options I can explore to make the most of this sale? I’d really appreciate any insights or similar experiences you’re willing to share.

Thanks in advance!

Hi BiggerPockets, 

We closed on our first property a few month ago in August 2021 and currently looking into purchasing our first OOS investment property. 

Figuring out the downpayment fund is our next homework, and I was curious how you guys made downpayments for your investment properties! Please share your story with me 

Thank you

Hi,Just came to Atlanta to visit. Please let me know if you are holding another meet up. I would love to connect! 

@Rick Baggenstoss. Thank you! This is going to be my first rental + OOS investment so I am a bit nervous. It's good that I will have some time to look around in person! I am looking forward to it.

@Canesha Edwards

Hmm sounds like I should do some more research on it! I can't wait to be there and feel the market

Thank you again!

@Eric Michiels

Thank you! Will DM soon :)

Hi! I am based in LA but looking into buying rental property in Georgia and I wanted to ask people who are familiar with the market there.

-Is there more people renting or buying in Atlanta or cities nearby?
-Do you think it's better to purchase an apartment unit in downtown or SFH in Duluth area for a rental?

Also I'll be staying in Atlanta for a couple of months, please let me know if there's meet up happening in town! I'd love to connect

Thank you in advance!