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All Forum Posts by: David Jackson

David Jackson has started 27 posts and replied 61 times.

Thank you everyone.

So i am from Maryland and looking to move to Florida. On zillow i see tax assessments of properties listed at 1.6m are like 900k. Is that common or is it the prices are way too high right now? Is it wise to buy a house in FL or should i try something in Virginia? I am just trying to get out of maryland.


So i am from Maryland and looking to move to Florida. On zillow i see tax assessments of properties listed at 1.6m are like 900k. Is that common or is it the prices are way too high right now? Is it wise to buy a house in FL or should i try something in Virginia? I am just trying to get out of maryland. 

Quick question, so i passed my RE exam and now trying to choose the broker, i'm leaning towards samson properties, question is if they have any hidden % or charges i have to pay? 
Is it mandatory to get mentorship from them?
A friend told me they ask for a % from first few deals by calling it mentorship... is that true? Please help.

Thank you.

Originally posted by @Russell Brazil:

What County in Maryland? In most you cant just convert it to multifamily..

 Its in charles county

So guys im trying to make a decision. One ~7500sqft house in loudoun county would appreciate more or 3 houses in maryland, 2500 to 3000 sqft ?

the reason i ask is because i am thinking to move out of my current property and ive converted it to a multi family. Basement already rented. Top portion ill rent once i move out. (This property in maryland is paid off)

So i can get a huge house in loudoun county and rent its basement or i can stay in my current top portion and buy 3 to 4 houses in maryland and rent them out.

What would you suggest, i have a high paying w2, not sure if getting 3 loans back to back is easy or 1 bigger loan. 

Your comments and suggestions are really appreciated. 

Post: Another Question from a newbie

David JacksonPosted
  • Posts 62
  • Votes 5

you definitely do not need any of those at this time. they just want to make money off you right now. 

Go with smaller banks, local banks, credit unions. You should be fine. Talk to few and you will be able to get one.

So i am looking at a property and it looks like the owners owe 650k to the bank and now the property is being auctioned. 

Does this mean, If one has to bid, the bank will accept not anything less than 650k?

Please advise!

Hello,

Is it possible to get an inspection done after winning the auction, if something wrong comes in can i back out?

The property is in auction.com (bank owned).