Best buying & selling homes books according to redditors
We found 98 Reddit comments discussing the best buying & selling homes books. We ranked the 38 resulting products by number of redditors who mentioned them. Here are the top 20.
We found 98 Reddit comments discussing the best buying & selling homes books. We ranked the 38 resulting products by number of redditors who mentioned them. Here are the top 20.
Hello. Landlord here.
I highly recommend this book, it’s what got me started in property.
How To Be A Landlord: The Definitive Guide to Letting and Managing Your Rental Property https://www.amazon.co.uk/dp/0993497225
If you decide to rent your house and become a landlord then you will have lots of legal responsibilities. Your house needs to be a minimum EPC level of E. You need a gas safety check conducted every year and soon you will need an electrical check conducted every 5 years. You need to place a tenants deposit in a Government backed Deposit Protection Scheme and this can be no more than 5 weeks rent. You are on a strict time limit to do all this and failure to do so will result in you being unable to get your house back and you could be fined up to 3x the deposit amount. You also can’t charge any fees for vetting the tenants. You should join the NLA or RLA to learn how to be a landlord and to get access to their documentation, especially the AST’s.
You have a lot to learn; it’s not so simple. However my biggest worry for you is when the time comes to get your property back. If you haven’t been correct in issuing paperwork or sticking to your landlord responsibilities and you have stubborn tenants, they can make it hell for you to reclaim your property (on average at best it could take about 40 weeks using a s21 notice).
I’d think long and hard about doing this if I was you. Good luck.
http://www.amazon.com/The-Land-Flipper-Turning-Dollars-ebook/dp/B01CEZLS04/ref=cm_cr_arp_d_product_top?ie=UTF8
Read this book: https://www.amazon.com/Nolos-Essential-Guide-Buying-Guidel/dp/1413323456/ref=dp_ob_title_bk
I'd recommend reading a few books. Before I got started, I found these particularly helpful:
Sell with Soul by Jennifer Allan
21 Things I Wish My Broker Had Told Me by Frank Cook
The Millionaire Real Estate Agent by Gary Keller- everyone swears by this one, but I didn't find it that helpful.
Good Luck
As long as you have a plan on long distance investing then this is fine.
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look into a fha loan 3.5% deposit since you'll be there for at least a year.
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https://www.amazon.com/Long-Distance-Real-Estate-Investing-State-ebook/dp/B07818K85L/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=1555435656&sr=8-3
I would recommend this one. It's a "Dummies" book, but it gives a decent overview of the home buying process and what to expect.
Many books may not discuss buying a home with an SO you aren't married to, and many people in this sub will probably advocate against doing so.
Ultimately, it depends on your relationship and how stable and comfortable the two of you are in it. I bought my home with my SO when we weren't married (he's now my husband of almost 2 years). Originally, our plan was to buy the home together, but my financial situation was actually better than his at the time of purchase, and buying our home alone solely in my name ended up giving us a better interest rate. Even though my name was the sole one on the mortgage, we treated the home as "ours" from day one with the understanding that if we ever did split up, we would split whatever equity we had built. This works for some couples, but not for all.
What you do really depends on your relationship. Having both of you on the mortgage could get messy if you ever split up. One of you (or both of you) would either have to sell the home and then divide up whatever equity you might have, or refinance and then pay the other the cut of their equity. Having only one of you on the mortgage may be easier, and provide more options. You can have your SO pay "rent" to you and have no ownership interest. Another option is to have them straight up pay half of the mortgage payment and treat the home as half theirs. If the two of you were to ever split, you would still compensate your SO for half of the equity that accrued in the home. Whatever route you take, the best thing you can do is make sure that both of you is aware of where things stand. Drafting an agreement might be a good idea as well.
There's a lot of things you should learn and be ready for when the time comes to buy the house.
Learn about the whole buying process, from house hunting, offers, conditions etc. Also you should learn about mortgages and brokers so you get the best one for your situation.
Check out this book on mortgages
Beat the Bank: How to win the mortgage game in Canada
When going in for viewings, always look for problems. Don't get drawn into the good things. Sellers do their best to hide the problems with the house, you should be looking for those problems.
If you're in a hot market, you're likely to lose on your first few offers. Competition is fierce, people will waive inspections and any other shit just to get the house. Do what makes you comfortable. When we bought ours, I waived inspection, but I had an inspector come with me during a walkthrough. It wasn't a detailed inspection, but it was enough for me to feel confident in the house. The issues it had were minor things I can do myself.
Ce livre écrit par un ami. C'est en anglais mais c'est super bien expliqué. C'est un achat de A a Z d'un appart à Paris mais tous les trucs et astuces s'appliquent pour n'importe qu'elle achat immo en France (genre pour réduire ses frais de notaires, etc...)
check out biggerpockets.com and specifically this book or audio book:
https://www.amazon.com/Long-Distance-Real-Estate-Investing-State-ebook/dp/B07818K85L
A house is the largest investment and purchase you will ever make. It's important to actually do research.
I just bought a house last year, and the process took Nine months. I do live in one of the hottest markets in the US, so you likely won't have it that bad.
The first 6 months of the process was studying and getting experience, the last 3 months was actually shopping.
The Very First thing you need to do is read about everything that is required. This is the resource I used. you will also want to take classes. Knowing what you're in for is very important.
The second thing you will do is get in touch with multiple banks, see what kind of 'Pre-offers' they will give you. These are just estimates of what kind of loans you can get from them. They are free, and you want multiple offers. We did not go with our normal bank, and you don't have to either. The "Maximum Loan" is what the bank thinks you can afford without starving to death, do not use the max loan as a gauge of what you can actually afford.
After you have a bank, you will know what kind of loans you are looking at, and what you can afford. It's time to start window shopping. This means going out and viewing houses in your market with no intention of buying. You will likely see houses you really want, but can't have. This will give you experience in walking away from bad deals. Don't buy until you are 100% ready.
When you know what kind of house you want, how much it ought to cost, and how to walk away from a bad deal, get an agent. Now you are ready.
I enjoyed reading Beat the bank as an intro to mortgages and what to look out for: https://www.amazon.ca/gp/product/099385513X/ref=ppx_yo_dt_b_asin_title_o02_s00?ie=UTF8&psc=1
Haven't read this one but the reviews are pretty good: https://www.amazon.ca/dp/B01MZCG926/?coliid=IOPLWJZG3Y032&colid=X9MXFRGDM1J9&psc=0&ref_=lv_ov_lig_dp_it
It is #6 + your budget is holding you back assuming your area is all $235k for 2br+1bath. The #6 ties you to an area. Generally a certain area was built up all at one time and if they were all built as 2br + 1 bathroom, that is what you will find there unless someone has expanded/renovated since. Then if all those 2br + 1bath are listed at $215k-235k trying to find something outside the base (semi-renovated, extra bedroom, extra 0.5 bath, ect), is going to cost more.
My advice, try to find #1, #2, #4 (at least a decent layout, does not need to be updated), #6 and ideally #5.
3 is not important. Actually crappy carpet can be a positive because many people can't see past it and the house sells cheaper. Pulling out carpet and putting in wood/engineered is not a big deal.
4 If you have decent layout and the cabinet boxes are ok, getting your cabinet doors refinished/painted/replaced and a new counter put down is an easy fix to make a BIG improvement.
Trying to add a 3rd bedroom or 0.5 bath can open up a huge can of worms with permits/electrical/plumbing so best to avoid if possible.
Find something with good bones in the area you like and the rest can be slowly improved as budget permits. Be sure to have a good home inspector but it is also not a bad idea to read up yourself and look for red flags as well (https://www.amazon.ca/Holmes-Inspection-Essential-Homeowner-Seller/dp/1603209298)
Good luck.
It's nothing you can't find online, but if you want it all in one book - I'd recommend the Bigger Pockets guys' book. If you don't want to pull the trigger (it's only $22..) read their website and their posts to get a sense of their writing.
http://www.amazon.com/Book-Estimating-Rehab-Costs-BiggerPockets/dp/0988973715
Buy this book (Nolo's Essential Guide to Buying Your First Home ) and read it cover-to-cover. I read another book by them specific to the state I live in now after buying two homes in another state. It was a good review and a good resource. Worth the money.
https://www.amazon.com/Nolos-Essential-Guide-Buying-Guidel/dp/1413323456/ref=sr_1_1?s=books&ie=UTF8&qid=1521695334&sr=1-1&keywords=how+to+buy+a+house+nolo
Land Flipper
http://www.amazon.com/Nolos-Essential-Guide-Buying-First/dp/1413313221/ref=sr_1_1?s=books&ie=UTF8&qid=1333918518&sr=1-1
http://www.amazon.com/Home-Buying-Dummies-Eric-Tyson/dp/1568843852/ref=sr_1_2?s=books&ie=UTF8&qid=1333918518&sr=1-2
Did you know that there is actually a "Homebuying for Dummies" book?
http://www.amazon.com/Home-Buying-Dummies-Eric-Tyson-ebook/dp/B0026LTMHI/
http://www.amazon.com/Home-Buying-For-Dummies-Edition/dp/0470453656/
Mortgage Loan Secrets: How to get a Mortgage in Less than 30 days
https://www.amazon.com/dp/B07QMJLM6T
FREE until April 25th
> Most buyers are unfamiliar with the process of getting a loan or mortgage and what it really takes to get approved.
>This book covers mortgage basics, what is a good credit score, and what are the four c’s of getting a loan. What is the loan process, what is the difference between a preapproval and being prequalified. What documents will my loan officer need and what should I be doing while in process.
>And more.
As a recent first-time buyer myself, I strongly recommend reading this book: Nolo's Essential Guide to Buying Your First Home. It breaks down the whole home buying process in ELI5 terms, and really helped me out.
Pl read. Worth the money
Beat the Bank: How to win the mortgage game in Canada https://www.amazon.ca/dp/099385513X/ref=cm_sw_r_wa_api_i_CU4PDb51J7ZCP
You want to read this: https://www.amazon.com/Home-Buying-Dummies-Eric-Tyson/dp/0470453656
Also, look for a Mortgage Broker who work with different institutions. They will know whats best to shop your loan to different banks.
We did a 3% downpayment via the VA guaranty program. Very doable.
Good luck! It's actually a bit of a complicated process, so if you are serious, I recommend grabbing something like this off Amazon. It was super helpful!
Sell with Soul by Jennifer Allan was pretty refreshing. I have a huge stack of RE books by my desk and that one stood out first.
I read the Home Buying Kit for Dummies. Lot's of info there.
Here are all the local Amazon links I could find:
amazon.co.uk
amazon.ca
amazon.com.au
amazon.in
amazon.com.mx
amazon.de
amazon.it
amazon.es
amazon.com.br
amazon.nl
Beep bloop. I'm a bot to convert Amazon ebook links to local Amazon sites.
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Read this book: https://www.amazon.com/Book-Estimating-Rehab-Costs-BiggerPockets/dp/0988973715
You can probably check it out from the library. You don't need all of it, just skip to the chapter on writing a Statement of Work. It will help you communicate with your contractor, and greatly reduce the chance of overages (but you should still plan for them of course).
Other than that, the best thing you can do is network a bit to find an awesome contractor.
I bought this when we bought our house because I was similarly clueless. It helped me feel like I had a better handle on things.
Non-mobile: http://www.amazon.com/dp/098951904X
^That's ^why ^I'm ^here, ^I ^don't ^judge ^you. ^PM ^/u/xl0 ^if ^I'm ^causing ^any ^trouble. ^WUT?
I bought this book a few months ago and I think it has exactly what you're looking for:
300 Ways to Buy, Sell, or Exchange Real Estate
http://www.amazon.com/gp/aw/d/098951904X
Hope this helps. I don't stand to benefit from your purchase.
Eric Tyson is great on financial-related books:
https://www.amazon.com/Home-Buying-Dummies-Eric-Tyson/dp/0470453656
found this book... thinking about ordering it just to understand the essentials:
http://www.amazon.com/Holmes-Inspection-Essential-Homeowner-Seller/dp/1603209298/ref=pd_sim_b_3?ie=UTF8&refRID=0KA0C0JH157ZXYERQM3R
On top of the advice here, I'd suggest getting rid of your debt. Even though I can more than afford my house mortgage, I can find it challenging to get stuff paid off, like a new furnace. or having to replace a car. Debt is like being in a hole of mud and trying to crawl out. And having a home loan and getting sick...and what else could happen.
Anyway, a loan broker can run the numbers, get 30 year mortgage, standard stuff, avoid FHA if you can, fees and all the baggage that follow those loans...
Anyway, Eric Tyson is amazing:
https://www.amazon.com/Home-Buying-Dummies-Eric-Tyson/dp/1118117964
Your monthly payments to your co-op will go probably go UP. If it's not your maintenance (which it probably will be rolled into) it will be an "assessment" that is added to your maintenance bill. Usually an underlying mortgage payment divided by shares owned is calculated into the maintenance bill. Currently it is a rent payment that is part of your maintenance. While that will go away a new loan payment will replace it. I doubt it will be less than the rent you are currently paying, otherwise, why would the landlord sell?
You are correct, when you buy a co-op you are not buying real property. You are buying shares in a company. This doesn't change if there is or isn't a land lease. There is NO benefit to a co-op with a land lease over a co-op one without (IMHO, it is a huge negative, actually). In either type, your name will NOT go on anything except your stock certificate. It's the company that owns everything. Your shares just give you the right to live in Apt X. The company owns the apartment, building, and usually the land the building sits on- but yours doesn't. The company is purchasing the land. You purchased a piece of paper.
If you own shares in a co-op which owns the land it is on, you can deduct mortgage interest from your taxes. Your co-op should give you a year end summary of the dollar amount of interest your shares paid for the tax year.
You should get and read a copy of the New York Co-op Bible. IMHO, it should be required reading for any NYCers considering purchasing a co-op. It explains everything quite clearly, including land lease co-ops. https://www.amazon.com/New-York-Co-op-Bible-Everything-ebook/dp/B00GL441AY/ref=sr_1_2?ie=UTF8&qid=1501090936&sr=8-2&keywords=the+co-op+bible
Look for some relevant episodes on the Property Hub podcast or get their book:
https://www.amazon.co.uk/How-Be-Landlord-Definitive-Managing/dp/0993497225/ref=sr_1_1?ie=UTF8&qid=1497438021&sr=8-1&keywords=how+to+be+a+landlord
A friend gave me this book and I thought it was incredibly good. https://www.amazon.com/Mortgages-Truths-About-Buying-Youll-ebook/dp/B06XK2912M/ref=sr_1_1?ie=UTF8&qid=1550872723&sr=8-1&keywords=will+duffy+mortgage
Here is the deal:
Homes: This is property that you OWN. Or rather, own a part of until you pay off your mortgage. Your mortgage is basically paying the bank bank for THEM buying the home for you. The trick is, YOU are in charge of EVERYTHING. I was told recently by friends you need either one large income or two stable incomes to be able to sustain a household. The stable job/s need to have financial security. To get an idea of the costs, here is a link to my thread with A LOT of useful information:
My thread
I also recommend looking up: [Nolo's Essential Guide to Buying Your First Home)(http://www.amazon.com/Nolos-Essential-Guide-Buying-First/dp/1413317626)
Regarding renting: You, typically, own NOTHING. However it gives you the freedom to say, "I dont like living here anymore... lets bail." You have the freedom to do whatever you want with NO ties. Owning a coop/condo, different story.
In your case, you need to make some serious financial decisions with your husband. A coop/condo may be your best bet if you cannot stand the thought of renting anymoer and want to own property.
I would say up to about 5-10 years ago, getting a home was a great idea however the costs involved have increased dramatically without the increases in paychecks.
I meant that I saved a quarter of a point on my interest rate, going from 4.125% to 3.875%.
Other posts may speak of 'buying points,' which is a bit more arcane. When buying a mortgage, you can put more money into the sale upfront to buy a lower rate. Keep in mind that those 'points' are actually tenths of a point, or 0.1%.
Here is the link to the mortgage wiki from this subreddit:
https://www.reddit.com/r/personalfinance/wiki/housing
Here is a link to Homebuying for Dummies on Amazon:
https://www.amazon.com/Home-Buying-Dummies-Eric-Tyson/dp/111919170X/
I got these two books, which were extremely helpful, and written for second graders (which, is wonderful when you don't know shit about the industry!).
Mortgage Ripoffs and Money Savers
Nolo's Essential Guide to Buying Your First Home.
WARNING!!! They were written by Agents and Brokers at the height of the boom. So there is some really fucking bad advise in them, read through the lines, and cherry pick what will work for you given our new market reality.
Overall, I got enough from those books to know what I needed to make better financial decisions, but you can't be completely blind about it - even with the books.
And I heavily supplemented the knowledge that I got from the books with recent blogs and real-estate threads.
So you are in the right place!
https://meetkevin.teachable.com/
A great primer with best practices. Not affiliated with Kevin, but I like his course. Much of the content can be found for free, but his format is very helpful for content absorption.
I bought it to get my wife interested in scaling beyond our current portfolio. Our startegy is buy, rent, and hold, but many principles still apply. We are looking to get into the BRRR
For flipping specific, there are great resoueces to get schooled on flipping
The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties https://www.amazon.com/dp/1947200100/ref=cm_sw_r_cp_apa_i_DWCQDbD0FYHND
Flip Your Future: How to Quit Your Job, Live Your Dreams, And Make Six Figures Your First Year Flipping Real Estate https://www.amazon.com/dp/B07NNH2MSD/ref=cm_sw_r_cp_apa_i_5WCQDbEJ8YB8Z
You might find more ideas on r/realestateinvesting