All Forum Posts by: Jasmine Hu

Just curious why it is hard to evict in Durham area? I thought NC is landlord friendly?! Can we get bad tenant out in a month in NC? 

Thanks for the tip!

As title, I am interested in following markets: (no particular order)

1. Raleigh NC

2.Wilmington, NC

3. Charlotte, NC

4.Richmond, VA

5.Virginia Beach, VA

6.Jasonville, FL

7.Tampa, FL

8.Knoxville, TN

9.Memphis, TN

Among those, Richmond/VA beach are closer to me. Yet I feel Raleigh and Charlotte NC would be better for appreciation.
As of FL, I am concerned with future insurance cost.

Any other ideas? Please share.

Timing wise, I feel we will get better idea at the end of 2023 or early 2024. Unless it is a great deal, no hurry for now.

Congrats on the move! If I were you, I would wait and see till the end of 2023, and probably buy in 2024. I feel the deal will be better.

You can also consider Richmond/VA beach area. Since it is long term rental, you can have agent help you find tenant and manage yourself.

Forgot to say, experienced agents can sense very early if a buyer is ready or they can smell something fishy early on.

I would not ask buyers to pay extra commission if say 2.5% is my target and the listing offers only 2%. The realtor could just not show that listing. if it is For Sale By Owner.

Best to discuss those in detail before signing.

First, it is illegal for a realtor to show your listing unless exclusive buyer agreement is signed, e.g in VA. Unless you want to call listing realtor to show you the listing every time.

You can sign a short term tryout agreement say 2 weeks.

In general most buyers buy within 45 days, I mean ratified contact. If you can't make progress within 30 days, you are not ready. Then the realtor would probably let you off the hook.

Second, in this highly competitive market for buyers, not many realtors are willing to waste time with non-aggressive buyers.

There will be multiple offers with little contingencies. Some just can't handle it.

@Adrienne Green I am interested in this topic. please send invite. thanks

FL is huge, at least 4 metro areas., depending on where you want to buy or your goal.

Good luck!

if you want to own property under LLC, you will need to get commercial loan which is much higher in rate.

I know people close with their own name then deed it to LLC (owner of LLC has to match deed owner). However you could have issue with hazard insurance if something happens. I know lots of people do this and most cases if bank knows, they will not force you to pay entire loan amount back in general.