All Forum Posts by: Stephen Sokolow
Stephen Sokolow has started 56 posts and replied 146 times.
Post: Getting accurate online market values
- Investor
- South Bend, IN
- Posts 153
- Votes 37
Hi
I was looking for a website to get a close to accurate picture of market values. I wanted to get recommendations. I have heard that Zillow is not accurate in every market. How is it for South Bend in giving a good market value for a particular property? How does it compare to realtor.com?
Any advice on other websites would be greatly appreciated.
Post: Zillow vs Realtor.com for Market Values in South Bend
- Investor
- South Bend, IN
- Posts 153
- Votes 37
Hi
I was looking for a website to get a close to accurate picture of market values. I wanted to get recommendations. I have heard that Zillow is not accurate in every market. How is it for South Bend in giving a good market value for a particular property? How does it compare to realtor.com?
Any advice on other websites would be greatly appreciated.
Post: Bug 1st Home Vs. Investing
- Investor
- South Bend, IN
- Posts 153
- Votes 37
Thanks so much for all the feed back so far. That was fast! So I am working on getting an FHA loan now. The problem is that I had a house in my name that a family member lived in. It was foreclosed on about 4 years ago. I do not think I would qualify for an FHA loan. I am about to speak to a broker to see if my wife would qualify. I love the idea of house hacking. Not sure how we would fit into a 4 plex though. The idea to rent out at least 3 of the units right?
Post: Looking for a South Bend Mortgage Broker
- Investor
- South Bend, IN
- Posts 153
- Votes 37
Looking for a referral for a South Bend, Indiana mortgage broker.
Post: Bug 1st Home Vs. Investing
- Investor
- South Bend, IN
- Posts 153
- Votes 37
sorry about the typo. I meant BUY not BUG. Not sure how to edit that.
Post: Bug 1st Home Vs. Investing
- Investor
- South Bend, IN
- Posts 153
- Votes 37
Hi all, this is my first post. I am a big fan of the podcast and enjoy reading all of the amazing information on here.
Here is the question. I am 38. I am married with 4 kids and a dog. We have never owned our own home. After many years living in a very expensive housing market we recently moved to the midwest where housing is very affordable. We are renting now for $750 a month. I have also recently come into being able to put down at least half of the price of a home priced at $113,000. That would make my mortgage around $310.
Do I bite the bullet a buy our first home to live in? Or do I try and invest in buy and hold rental property for cash flow?
Thanks and looking forward to your feedback.