All Forum Posts by: Brooke Isbell

Just wanted to start a discussion here and see what others are thinking. I heard economists speculating recently that since the Fed is saying they will not raise interest rates for at least another year or two, that banks will now be forced to loosen the reigns and starting lending again. My question was "to whom?" It certainly won't be to the unemployed. So then I saw some random article about banks possibly eliminating the waiting periods after foreclosures, bankruptcies and/or short sales to those who otherwise qualify (financially recovered, high incomes, etc). This would however, potentially create a situation where "squatters" are rewarded for strategically defaulting. In all fairness, the article I read (that speculated banks might waive these waiting periods) was only one article and I found nothing else to support that information. Just wondering if there is any truth to that, since doing so would mean the buying pool would become quite large again very quickly and housing prices would rise at least in the short term. Thoughts?

Hi Matthew,

I have a highly reputable contractor/investor friend in the San Fernando Valley. He has a specific RE attorney he recommends. I just texted him to find out the contact name/number. I will pm you as soon as I get it. My friend does amazing work btw...for anyone looking for a great contractor in LA. He's an amazing resource even if only for quotes, opinions, etc.

Hi Marc. I'm a newbie, but the properties I have bought/rehabbed up to this point were single family residences (2 that I lived in) and 1 duplex property built in 1890. The Nashville market is full of possibilities with lots of up and coming areas and companies moving here all the time. Of course coming from Los Angeles, just about any market seems full of possibilities to me. I see you're in NYC. You probably know what I mean!

After lurking on this site for some time, I'm a bonafide member. Feel free to check out my profile.