All Forum Posts by: Amanda Williams

Thanks everyone!  Yes, the area is mostly 3-4 bedroom homes.  Large Master is looking good! :)

Hi...  I found an older home that is currently 5 bedrooms however the master is terrible.  I am thinking of joining the master with another smaller bedroom to make a nice big master with walk in closet.  My question is for appraisals...  how much will this take off the value of the house?  Or could it add value because of the master suite? 

Hey did you end up buying this deal? How did it turn out if so? I'm looking at one close by as well. This will be our 1st MHP.

Thanks JD....  Actually, I want to offer $10k so I'd need to have it set up correctly where I will not get in trouble with the NC real estate commission;)  That's why I'm thinking maybe call it an assignment fee and they'd get paid at closing just like I would....  Any thoughts appreciated;) 

Hi... I'm a licensed realtor in NC and I want to pay someone who brought me a buyer from CA.  The investment is in NC.  I know I cannot pay a referral fee to anyone that is not licensed, but can I pay them an assignment fee?   Has anyone ever dealt with this?  Thanks

Seller financing is great for both the buyer and seller. The buyer now acts like the bank and gets paid a good interest rate (like the bank). It also helps with taxes! It's great for the buyer because most investors can only get a max of 10 loans on rental properties so their hands are tied if they're trying to build a large rental portfolio. Just get a copy of there credit report and current assets to make sure they have good intent. Always record lien in county!

I have a real estate license. My question is which document do I use to tie up the deal? I'm not running this through my brokerage nor am I listing the properties so I cannot use a normal listing contract. Do I use a LOI or another type of agreement? And do I have that agreement with the seller or the buyer or both?

Thanks

Hi I am putting together an 80 unit rental portfolio and I need to know how to protect myself from the investors going straight to the seller.  I am sending out a detailed list of properties to my VIP investors so I'm worried about them looking up the business and calling directly... any advice would be great!  FYI I do not have any type of agreement with the seller as of now!  Thanks