All Forum Posts by: Jonathon Nguyen

Hello,

I am a real estate investor in Seattle and am looking for a contact for a reputable CPA to help with a 1031 exchange. Has anyone here in Seattle done one that can please provide some guidance or point of contact?

Thanks!

Jon

Hello,

Are there any real estate agents in Seattle providing a 1% credit (sale price) at closing? Please DM if you'd like to get in touch.

Thanks!

Hi everyone, I am a first time home buyer and in the process of closing on a townhome in the Seattle area and my mortgage broker informed me of a quirky stipulation with loans via Fannie Mae. Apparently if its a new development one of the units within the new development must be used as a comparable. Being that all units in the lot are new development, that means one of the homes must be purchased without traditional loans, i.e all cash or hard money loans, etc. Has anyone heard of this before? Seems like to be an extremely flawed stipulation because it is like a chicken and egg problem, how does one unit get sold first via traditional loans to allow other units to use it as a comp (except for the means stated above)? This has caused my unit to be delayed for multiple times now because the other units are falling thru. Is there anything I can do? Thank you for any input, Jon