All Forum Posts by: Brian Ragsdale

Dear Blake---Divorces in general are terrible, as a former divorced person I can say that without any hesitation.  When a person goes through a divorce, everything is upside down...it is a mess, emotionally, financially, spiritually.  I am not sure if the seller is of the right/best mind....

The seller is moving quite quickly with you, and the numbers do not seem accurate.  I would ask the seller for the name of the handyperson they use, and then call that person to get a better sense of the repairs and expenses.  Who did the repairs is always my first question with a seller....My gut tells me that this is not a good deal because the seller is distressed, too quick in responding to your questions, and not providing enough detail.  And yes, I have a big gut but my weight is a whole other story completely....(smile). Might this be because the seller does not know who the handyperson is?   

If the expenses are as low as what is stated then this might mean that serious capital expenditures will be forth coming.  If my income was $36K and expenses only 6k, that would leave me with $30k....I could live off of that quite nicely, and so could many of us.  Then the question is why is the person really selling?  Why?  It would also seem to me that such a good deal could or should be offered to the sellers' family member or friend...

I appreciate your zest, earnestness, enthusiasm, and verve....I wonder if sitting back on this one, and treating it as a 'watch and learn" might be beneficial.  I would watch this deal from a far, and use this as a learning tool.  The tribe, at least from what I can gleam, says No.

Redfin shows a listing for my house along with a picture of it from seven years ago.  I bought my house as a boarded up, foreclosure.  The house, since then has been fully renovated and the current price is from 7 years ago.  Why not pull photos from google map is what I asked myself, at least that would be more current.

Anyhow, I called Redfin to complain and they told me that once I list my house it would then be updated--that in order for me to have the photo taken down this would be the responsibility of my RE agent....

As you might imagine, I don't like standing close to fast moving trains (eg. Redfin)....fast moving trains can catch your buttons and drag you through the tunnel, and seldom do they every stop...Everything that glitters is not gold.

It is never the job it is the person.  My grandfather was a janitor  and he told me that no one in the world could clean the floor like he did, and you know, he was right.  I can still see that shining beautiful wonderful floor as I write this.  Be kind to yourself ....there are a million ways to admire stars.

Hello, I may be in a similar situation, and so I will follow this thread to see what others have to contribute.  Nice to meet you.

I hear the frustration, and know this feeling well.  These are losses, and learning lessons wrapped up into one.  I think working on finding a new PM is a good idea.  Letting go of the washing machine if you can, and/or filing a police report as suggested.  I try not to get into these kinds of skirmishes, because it takes me off of the larger goal and aim....it is really hard for me, not to lose it, in circumstances like this because the 15 year old, hot head, cuss you out from a semi rough neighborhood is always lurking in the background of my work.  I try to quiet him down, and look at where I am going and not from where I have been--although I can still cuss like the best of them, although never do much now that I have advanced degrees....lol

@Stephanie Cabral we decided to go with a muted gray. 

Yahoooooo

Hustle, hustle hustle, failure is just a by product of reaching a goal, and the average of 5 people you have around you, tells you a lot about you.  Your wife must be wonderful too, to support you with these goals and to take up any slack that is left from working overtime.  

My husband, although, he thinks very differently than me, has been a great help along my real estate journey.  Thanks for sharing your journey, it helps old hustlers like me too!

Amazing, patience, vision, and great rehab from what I can see

Good day--We bought our current primary resident for a base price, with an additional 203k rehab of $55k. We bought our home 4 years ago, and the 5th year anniversary is Oct 2017. According to the rules as explained to me by the loan servicer and the original mortgage holder, Prospect, one could apply to have the PMI removed once they owned the home for 5 years or when/if the property appreciated by 20% from the original purchase price.

Although, it was my understanding that PMI could be removed after the home value appreciated 20%, thus leaving us with an 80% LTV. Unfortunately, the original purchase price plus the rehab dollars are treated as one loan, and using that combined figure (sales price + rehab dollars) currently leaves us at 92%, LTV.

I remember reading somewhere that the calculation for LTV would be based on the original purchase price and not the purchase price but rehab value, but I could be mistaken. Does anyone know the FHA rule?