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Reddit reviews: The best buying & selling homes books

We found 98 Reddit comments discussing the best buying & selling homes books. We ran sentiment analysis on each of these comments to determine how redditors feel about different products. We found 38 products and ranked them based on the amount of positive reactions they received. Here are the top 20.

Top Reddit comments about Buying & Selling Homes:

u/MPTPWZ1026 · 5 pointsr/personalfinance

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.

u/ItsSanabs · -3 pointsr/RealEstate

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

u/Griever114 · 1 pointr/RedditForGrownups

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.

u/gas-man-sleepy-dude · 3 pointsr/RealEstate

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.

u/NeoDozer · 1 pointr/personalfinance

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

u/imsoupercereal · 3 pointsr/homeowners
  • Buy young, build equity, leverage equity later.

  • Depending on the market where you live, you may find total PITI to be only marginally more than what you're paying in rent.

  • Buy something reasonable, and financially comfortable. This doesn't have to your dream home in your dream neighborhood. You can do that later in life. Your home payments shouldn't cause you stress.

  • Ensure you have some kind of plan if something does happen, like the loss of one job.

  • You're young, consider getting a roommate to help reduce your costs. This helps tremendously.

  • Read a book, understand the process before you start. Nolo's Essential Guide to Buying Your First Home was very helpful for me.

  • Finally, there's a lot of FUD about property ownership, investing in your home, etc. In many situations, it is a great long-term financial decision for a variety of reasons.
u/DocGlabella · 2 pointsr/CRedit

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!

u/seemoni · 6 pointsr/RealEstate

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

u/fatguywithnopants · 11 pointsr/RealEstate

DM me I'm a commercial real estate broker at a worldwide firm that I'm not sure if I'm allowed to name, I've got some good reading material for you that helped me in my undergrad studies....

edit... I guess by popular demand here are the links to the books that I used, I'm sure you can find PDF files online.


The Due Diligence Handbook For Commercial Real Estate: A Proven System To Save Time, Money, Headaches And Create Value When Buying Commercial Real Estate

https://www.amazon.com/gp/aw/d/1511996897/ref=mp_s_a_1_2?ie=UTF8&qid=1511882652&sr=8-2&pi=AC_SX236_SY340_QL65&keywords=due+diligence&dpPl=1&dpID=51yDFxwouBL&ref=plSrch



Commercial Real Estate Analysis and Investments

https://www.amazon.com/gp/aw/d/0324305486/ref=mp_s_a_1_2?ie=UTF8&qid=1511882813&sr=8-2&pi=AC_SX236_SY340_QL65&keywords=geltner+commercial+real+estate+analysis+and+investments&dpPl=1&dpID=510xZB%2BaDUL&ref=plSrch




Real Estate Development Workbook and Manual

https://www.amazon.com/gp/aw/d/0137634919/ref=mp_s_a_1_1?ie=UTF8&qid=1511882934&sr=8-1&pi=AC_SX236_SY340_QL65&keywords=real+estate+development+zuckerman&dpPl=1&dpID=51A1M27P92L&ref=plSrch

The geltner book literally shows you every aspect of commercial real estate, there isn't much of a difference between the first and second edition if you wanna save some money.

u/yddeyma · 1 pointr/RealEstate

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.

u/padredepaloma · 2 pointsr/Banking

Interview a mortgage loan officer, a processor and a mortgage customer service type of person in your network separately in exchange for a meal. Ask them to walk you through what they know about how a mortgage works. Take good notes. Repeat. There are lots of little nuances in mortgage but the above types of people can make you aware of the most common concepts.

This book is a time, but if you learn better by reading, it’s a great resource: Residential Mortgage Lending: Principles and Practices https://www.amazon.com/dp/0324784643/ref=cm_sw_r_cp_api_i_SQB5CbWZ6N5HH

u/Neville_Lynwood · 2 pointsr/eFreebies

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.

u/DarkRider23 · 1 pointr/RealEstate

>How much work would I be looking at?

Quite a bit. That's 8 rooms I'm assuming? If you have a full-time job, then you are going to be having a lot of work on your plate. Expect problems like a sink being backed up quite frequently, especially if you have college kids in there. The main halls would have to be cleaned frequently. Any landscaping? That's all your responsibility or you could pay someone to do it, which will cut into your profits. Then there's collecting the rent every month, getting new tenants and evicting deadbeat tenants. You could pay a property management company, but again, that will cut into your profits.

>Teach me everything.

Commercial property isn't that simple. It can't be taught in a few paragraphs.

http://www.amazon.com/Multi-Family-Millions-Reposition-Apartments-Profits/dp/0470267607/ref=wl_it_dp_o_pC_S_T1?ie=UTF8&coliid=I18T4B88QO616J&colid=1ETOZ16L1GY7H

http://www.amazon.com/Investor-Flow-Financial-Measures-ebook/dp/B004BKIEUS/ref=wl_it_dp_o_pC_nS?ie=UTF8&coliid=IHFWIUNLSDD2D&colid=1ETOZ16L1GY7H

These are both highly recommended books by most people. Read them first before you start dropping serious cash on property. BiggerPockets.com is also a great resource for information.

u/whine_and_cheese · 4 pointsr/azores

Here is a book that I found a year ago while learning about property n Portugal. It was highly recommend. Spend the money for the book. Learn the system top to bottom.

https://www.amazon.com/Buying-Property-Portugal-second-insider/dp/1907498567

Find a reliable inspector with references (zaask.com maybe), follow the home listings for several months, round up 10 listings to view, get on a plane to the island, check them out, make a decision, get your top two choices inspected, negotiate with the seller, verify title. Then, and only then....make an offer.

Good luck!

u/redhitman723 · 1 pointr/UKPersonalFinance

This is a good book to read.

How To Be A Landlord: The Definitive Guide to Letting and Managing Your Rental Property https://www.amazon.co.uk/dp/0993497225/ref=cm_sw_r_cp_api_i_Wm7QCb2TZWJZZ

Good luck!

u/BCouto · 5 pointsr/ontario

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.

u/amazon-converter-bot · 1 pointr/FreeEBOOKS

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u/30203forever · 1 pointr/leanfire

>One thing I did read about that seems to be a little less understood/known is that your home state might still continue to try to tax you.

How is that possible if you're not living or working there? But yeah, opening a P.O. Box "residence" in some no tax state would be a wise precaution. I'll definitely do it because I have zero intentions of paying my home state tax on Roth laddering. Thanks for that warning.

I've been reading the following books:

https://www.amazon.com/How-Retire-Overseas-Everything-Abroad/dp/0525538461/ref=sr_1_1?keywords=peddicord&qid=1566915295&s=gateway&sr=8-1

https://www.amazon.com/gp/product/B072ST7M1J/ref=dbs_a_def_rwt_bibl_vppi_i2

https://www.amazon.com/How-Buy-Real-Estate-Overseas/dp/1118518594/ref=olp_product_details?_encoding=UTF8&me=

u/Poulet_Roti · 2 pointsr/Mortgages

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

u/sun-up-sun-down · 1 pointr/personalfinance

I bought this book and it had tons of info. Good luck!

u/m9769k · 2 pointsr/PersonalFinanceCanada

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

u/mauxly · 0 pointsr/RealEstate

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!

u/FicklePlate · 2 pointsr/povertyfinance

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.

u/apocalypso · 2 pointsr/RealEstate

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.

u/TransitJohn · 1 pointr/personalfinance

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/

u/barelysoup · 1 pointr/personalfinance

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

u/underwriter1 · 2 pointsr/RealEstate

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

u/Jen_Snow · 1 pointr/breakingmom

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.

u/SnakeyesX · 3 pointsr/learntoadult

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.