All Forum Posts by: Jenna Stonecipher

I have a referral for a licensed real estate agent in Jackson, TN. An ideal agent would be someone who enjoys working with a first time home buyer, who has the heart of a teacher, and who is familiar with investing strategies. My client is interested in buying multi-and living in one side. She's open minded to reno's via 203k, and she is open to new construction. For the past year, I've connected her to BP resources and she's been aggressively paying down debt. She is aggressively saving now. I haven't connected her to a lender for prequalifcation, assuming that her end agent has a preferred lender.

Reach out if you're interested in a 20% referral!

That's the thing. The brokerage really exists only to facilitate the purchase of the homes we build. They aren't familiar at all.

I thought the same thing and I appreciate you validating it. I can't find anything relevant in the TREC code though. Any idea on how I can go about finding documentation to support this? My word isn't enough :P

I'm a newly licensed agent in Tennessee, working solely in new construction.

My builder/principal broker is concerned with being liable/responsible for the 2 rental properties that I own, live in, and manage myself. In no way do I intend to sign a management agreement with the brokerage or involve the brokerage in any way. 

I'm having a hard time getting information from the state. Does anyone have any insight into this? Is there a release of liability form that I need to sign?

Any insight it appreciated. Thanks in advance.

All great responses. Thank you! 

OK, I've got a small pension roll-over that I need to handle. So, I've been doing the research on solo401k's and SDIRA's. This may sound like a ridiculous question (and maybe it's youthful naivety) but I don't really understand the logic behind RE retirement investing.

Why should I sock my money into a 401k/IRA, which would require me to reinvest all of my cashflow into it, when I can invest in RE now and keep my cashflow for reinvesting in real time? I understand it's pretax and you are able to leverage your money better. What I don't understand is investing in something I won't benefit from for another 34 years…

Its feels like I'm choosing between investing in an income stream now (and going forward) vs. investing in an enhanced lifestyle for the last 10-20 years of my life.

Any thoughts are appreciated. 

Good afternoon, all.

Given that we live in an age of powerful and accurate search engines, I have been puzzled by the lack of information surrounding new home sales positions. I'm about to go into my second interview next week, and I am unsatisfied with the amount of career information I've been able to gather. Can you help? If you have ever been in new home sales, I would love to hear from you!

What was your pay structure like? What is salary and commission or commission only?

Did you have a good working relationship with other sales people on staff or was it overly competitive?

What are the drawback/benefits of such a job?

Were you offered benefits of any kind: medical, dental retirement?

Did you have brokerage fees like regular RE agents?

Were you responsible for marketing?

What was the most effective way to find clients?

Any and all advice, input, and feedback is greatly appreciate.

Thank you!

@Account Closed

Best!

@Michael Wu If there are plumbing issues, then a good inspector should be able to alert you to it. However, there might not be anything wrong right now. Given the age of the home though, it's only a matter of time before something needs addressing. Make sure to have a savings to cushion for expenses like that. I definitely would not let it stop me from buying an older home though. I love my 1920's home: cast iron pipes, lathe/plaster, window weights and all :)

I bought a 1920's home with LBP. I hired an inspector (which was mandatory for the FHA203k) and he scanned the whole house. I was surprised at how little LBP was present. Because it was so expensive, they really only used in in high humidity areas (like trim in the kitchen/bath or windows). Also, because the LBP had been painted over so many times, it was very deep. The inspector said it wasn't a hazard, even though there was peeling paint.

Because I hired an inspector though, I now am legally obligated to disclose the presence of LBP to every tenant I rent to. If I were you, I would use the LBP issue as a bargaining chip to get the price down, but I would totally still buy it. Once you own it, make sure the repair all the wood and put a fresh coat of primer/paint on it. you'll be required the disclose to all tenants to potentiality of LBP because of the age of the house. Use that moment to tell them the basics: don't eat paint chips, don't do any renovations and if you see some, vacuum it.

FYI, many LBP inspectors are also licensed to paint over/abate know LBP areas. Just a thought...

With a home that old, there are bigger issues to worry about than LBP, like 80 year old plumbing :/