All Forum Posts by: Chase Shank

Do research.

that last part is, if you don't list it on zillow or CL or anything. 

yes. discrimination is based on race, religion, sex, age etc. 

Technically, if this is your house, or you are listing the unit for rent yourself - without an agent/broker, the fair housing act doesn't pertain to you. 

okay, thanks Dave. You big party pooper! I'll talk to my cpa about my options. Thanks again. 

All of them! A 30-yr fixed @ 3.75% from Wells Fargo is the same as a 30-yr fixed @ 3.75% from Chase!

Nice post Allen. Probably not the best place to post though. If you are looking for a mentor, look for a mentor. You gotta catch a mentor with a spear, not a net.

Do your research, find someone who has done what you want to do, or someone that can be beneficial to you, and you to them. 

People are more apt to respond to a personal request, rather than a broad plea for support.

Dear Mr. Lyons,

I am an aspiring real estate agent in Norfolk, Virginia. I understand you have a vast wealth of knowledge and experience in one of the toughest markets in the world. I know that you have what it takes to make it there, I am reaching out to you so I can make it anywhere!

post a link to both properties for comparison 

@Dave Foster

You don't look too young, so you have that going for you. 

Best thing you can do is educate yourself, learn the lingo. If you know what the hell you are talking about, people will take you more seriously and will be less likely to take advantage of you. 

Get multiple quotes for work to be done. Multiple!

Do all demo work yourself. It is easy to tear stuff up, and you will save a pretty penny if you do so.

Go to the home depot, home emporium, lowes, lumber liquidators, everywhere and get your prices on paper.

Labor is expensive, but if it sounds like a ridiculous number, it probably is. 

And lastly, go with your gut. If you don't get a good feeling about someone, don't go with them - even if they give you the lowest bid. And don't just go with the lowest bidder because you get what you pay for!

Okay, say I purchased the property with the intent of living in it long term. But I had a change of circumstance, causing me to move across the country. While living at this house, I did some fixing up and the value rose substantially. But my "intent" was to have a home. 

So I can use the 40k for a FHA loan. example:

Original prop profit: $40,000

New prop: $150,000

Loan amount: $110,000

Refinance New prop, pull out 80%: $32,000

Put that into a 10% down invest prop for 320k.

could this, theoretically, work?

Thanks!