All Forum Posts by: Jesse Aaron

@Salvatore Lentini

Lol “dumb and dumber.” I couldn’t agree more. But being a newb I may be one or the other myself 😬

@Amy Fulbright I feel your pain. It’s quite frustrating.

@Nick Ysidron what part of la? I’m looking for an agent myself because I’ve failed to make any headway on my own.

@Bilal Williams

Best of luck. BP will be a great help to you.

@Kristel Knittel thanks Kristel. I’m leaning towards doing just that. I just have to get over my fear that everyone wants to get over on a newbie 😬....

@Aaron K.

The first realtor said he couldn't find it on MLS. That's why he had to call me back. So if the realtors just aren't interested in taking their time to show the house (which I understand I wouldn't want anyone working for free) what are my options?

Hey guys, I’ve learned so much over the past couple weeks from you all. Thank you so much.

My situation, as a newbie, seems strange to me. I found a property on Zillow; 3.4 acres, 2 bed one bath, for 38k. The property is in fair condition and is certainly livable. I intended to take the plunge and pursue the property as my first rental. I called the agency and spoke to a realtor who said he wasn’t familiar with the property. He called back and said he found out it’s a repo and would gather more info for me. I never heard back. I called the agency again and spoke to another realtor. She informed me the property was a repo and the bank just wants to break even. We scheduled to look at the property. She called me back the next day and said the property had wasp in it so she can’t show it at the moment and would be in touch. I never heard back. The next day, the property was taken down from Zillow and added to Realtor (it wasn’t there before) and listed as pending. Does this sound typical? I assume with such a low cost the realtors aren’t fighting over who makes the sell as there isn’t much of a commission, but it seems highly unprofessional unless I’m missing something. Thanks.

@Wayne Brooks

Thanks for the reply. The investor actually advised using a local bank. He claimed that’s where he started without an existing business. He just told them he wanted to start investing.

Newbie here. Going to look at at potential rental property; 38k for 3.5 acres, 2 bed, 1 bath. Rural area so I’m assuming will rent for 650-750 monthly. I have enough cash for a 25-30% down payment, but an older investor advised me to get a 50k line of credit through the bank for the purchase. Has anyone done this? Is there any advantages? It seems to me that a line of credit interest rate is higher than a mortgage rate.

@Ben Grotzke

That would be great. Thanks.