All Forum Posts by: Amy H.

@Ayana Miller What restaurant do you all own? I was born and raised in VB and went to ODU, so I am down there quite frequently. I'd love to check it out!

@Duy Mao Welcome! I live in a county in between Richmond and Fredericksburg, so eventually I'd love to learn a few markets south of DC and then Baltimore. Good luck!

@Toni Annis I worked for a broker and managed REOs (HUD, Freddie Mac, Fannie Mae, BOA, WF, and some smaller banks) and we were able to give out information regarding when we would list. So if you can figure out which broker or agent is representing the seller (the bank that foreclosed), they will be able to give you some information. Sometimes (especially for a Freddie Mac) we would do repairs, so they wouldn't go to market for at least 3-6 months after foreclosure. Usually the broker will have a posting in the window as well for contact information.

I can only speak to my renting experience (I rented 3 years in college) and the landlord never provided any window treatments besides super cheap vinyl blinds. I'll be honest, 9 times out of 10 normal wear and tear would dent or bend the blinds throughout the year lease. So I personally wouldn't invest much money in window treatments. If they want something special, they can provide their own.

@Samuel Peters Welcome Samuel! I live in Richmond, but I was born and raised in VB and went to college in Norfolk. You will definitely have many options in that area. STR options in VB beach areas, college student rentals (SFR and multi) near NSU, HU, ODU, and Wesleyan. As well as regular STR and multi rentals throughout the area. Feel free to reach out with any questions of the various areas you may have. Good luck and again welcome!

@Account Closed At least with the mortgage company I work for, you can not just "take someone off the loan". So even if you were to get added to their mortgage (most companies require you pay closing fees just an fyi to add someone to a mortgage), they wouldn't just take your parents off even after a year of on time payments. They would still have to qualify you for the loan on your own (based on your credit scores, income, debt, etc). So if your credit is still not decent after a year, I don't think they will let you be on the loan by yourself. So maybe get added to their mortgage if you don't mind paying closing costs again and then get your credit to improve. And then pay for closing costs another time once your credit is good and take your parents off. Good luck!

Does anyone happen to know how the St. Pete market is comparatively to Orlando or Miami markets?

@Michael McManus I'd try to see if the lender can tell you what interest rate you'd get comparatively with 20% down vs 25%. If the difference is only a couple bucks of interest a month, then save the 5% for another investment down the road.

I used to be a property manager and at least in our contracts and agreements, natural disasters were our responsibility to prepare for. When it snows here in VA, it was my job as a PM to get a vendor for snow prepping of salt and chemicals, snow removal, and assess and take care of any damage. It would be the same if a hurricane hit us as well. You shouldn't have had to do that yourself, especially being out of state. Get a new PM for sure!

@Account Closed I suppose you are correct about that. I am paranoid at times about giving out my name (the ability for the person I am marketing to to be able to google search me and possibly see where I work, my address, etc). I guess I have to get over that fear though!