All Forum Posts by: Amy Yarnall

Hi- I live in downtown Dover; almost directly across from Wesley College, but up a block. 

State Street is like a dividing line in town- on the East side of State St are more expensive homes, safe neighborhood, etc. On the west side of State St and the west side of town in general, property values are lower, crime is higher, etc. 
I happen to live on the east side of State on Hazel Road. (side note- this street apparently used to have locally well known politicians, doctors, and lawyers live on it... so folks who have been in Dove a long time will say "oooooh, Hazel Rd. that's such a nice street...it's kind of funny and odd all at the same time)

That said, I am not aware of any college students who live on the East side of state street, even though it is literally right there by the college. It may be that they do and I just don't know it. 

So if you could find a deal that is on American, Pennsylvania, Hazel, Rodney, etc it would be walking distance to Wesley College. But enrollment is down at the college- I wouldn't count on that as a great opportunity. 

Thanks for the help. Much appreciated 

We are looking for a multifamily property to buy. I know that 2-4 doors is considered a personal mortgage and five plus is commercial. My question is about criteria to qualify for a commercial loan.  What are the standard criteria? Down payment percentage ? 

@James R.

That is helpful 

Thank you very much 

@Jason G.

I would have to check my notes... Included quicken, lending tree, 

I have contacted five national lenders, and all of them discontinued offering HELOC products as of Nov. 1, 2018.

1. Curious- anyone know why? Is it the new tax law restricting their use? 

2. Outside of a traditional second mortgage, where I take all of teh cash at the settlement table at one time, are there any other work arounds or similar products to replace the HELOC?

I want to access the equity in a home to purchase another, and I don't want to refi the whole thing. The first mortgage will be paid off soon. I want to pay off the second mortgage, and take out more equity. 

P.S. I have tried multiple times to "search a forum" and it will not let me use the Loans, Mortgages.. Conventional Financing" Forum for this post. Frustrating. What am I doing wrong? 

Thank you Mike. 

Eric...can you say more about being an assistant? 
Thanks

My end goal is to do more Real Estate investing. 

So in order to be licensed, I must be under a broker? 

Is it possible to take the brokers test too and just be on  my own? 

Yes, my current employment precludes having other employment... so this is a gray area.. I am not looking for additional employment...just investment opportunities... but would prefer to not have to get formal permission

I am considering doing an online course to get my real estate license in Delaware. 

Do you recommend any school or method?

FYI I am not interested in taking the course with a Real Estate Broker in my area for two reasons. My current employment doesn't allow for it, and I am not interested in becoming an agent for others. I want access to the MLS.

I preordered the book, but I am not seeing the release date. 
Is that date available?