All Forum Posts by: Jennifer Niez

TREC HAS EVERYTHING ON THERE LINK   OR TN.GOV.   120 HR PLUS ETHICS  NOW I BELIEVE.  

MY HUSBAND WAS A BROKER IN TWO OTHER STATES. CA/ ID.   Now TN.   Good luck.   Look for out of state waiver if you have the history in another state. Then you have two years to complete the 120. after you pass the state test with the initial.  Not an expert.   If you reach TREC by phone they are actually nice to talk to you.  

Hi Brandon,

I’d love to see your hous manuel and cleaning checklist. I have been thinking about putting one together but not sure where to start. 

Thanks,

Jennifer

The text message is just a scare to you. Did your Airbnb rental agreement allow for a business to be run? Do you advertise filtered water or did your guest just assume? Proceed with an attorney as a guest who is overstaying as a tenant eviction in CA can take months!  

@Dave Foster Thank you! That is good news!! I have been nervous about meeting the required time frames if a loan under writer wasn't able to recognize the urgency or possibly create contingencies which change the deal.Thank you!

Thanks Caleb. I thought I read that somewhere but it isn't mention in any of the articles I commonly see. Just want to have my ducks in a row before I pull the trigger!

Appreciate your response.

Does a 1031 exchange require new debit or can the up leg be purchased with exchange money and supplemented with cash? If new debt is required, can a seller carry or private money be used?

Thanks in advance for any insight you may be able to share!

If an owner user purchases an office building with a non permitted built out second floor mezzanine, what if any recourse might they have for non disclosure against the listing  or procuring broker? Is there a stature of limitations from the time of the closed transaction? Will the investor still be able to obtain a certificate of occupancy since they purchased the owner user building "As Is" with no further build out required?

Hi Dev,

I just moved from Southern CA to TN two years ago. I am a broker, investor and general contractor. I purchased a vacation rental business called Tennessee Lakefront Cottages and focus strictly on leasing other people's lakefront homes for them. Most of my home owners are out of state owners who purchased either their future retirement homes or simply liked the tax advantages of owning a vacation home in a state that is fiscally healthy. 

With that said, I left CA as it is not a business friendly environment. The governments both local and on the state level make it very difficult for small business to keep any profit. So the question becomes, are you more interested in cash flow to supplement you income or are you more interested in real estate appreciation for a larger sale value? To over simplify, historically  any coastal states will have a greater appreciation in value then in land states, however middle states have a greater possibility of cash flow, in part due to their lower entry price. After you spend your down payment, do you want to be burdened with a larger mortgage which may need your current income to make the payment during  down times in exchange for a larger sale number? Or take a smaller mortgage that will be more likely to be covered with the rental income in it's entirety but not have a huge exit number?

Another consideration, again, making a generalization,  folks who live coastal tend to have higher living expenses and less discretionary spending money while folks who live in more affordable areas tend to have more left over at the end of the month. Who are you realistically going to market your hospitality toward? Locals? International travelers? Seasonal Guests? Once you answer those questions it will help you narrow down your choices.

Best Regards,

 Jennifer Niez

Hi Blake. I own two investment homes (SFR) in Kansas City MO that I'm looking to sell. Both vacant. Both have rent for between $600 to $700 One needs some TLC but the price will be reflected. I just want to invest in real estate that is closer to me. Let me know if you are interested!

Jennifer Niez

Hi Ayed. I own two investment homes (SFR) in Kansas City MO that I'm looking to sell. Both vacant. Both have rent for between $600 to $700 One needs some TLC but the price will be reflected. I just want to invest in real estate that is closer to me. Let me know if you are interested!

Jennifer Niez