All Forum Posts by: Justin Lanciault

90 day notice to vacate for personal use. 

https://dhcd.dc.gov/sites/defa... 

They can definitely be rented - no issue with that, some are being sold as rentals.

Besides the lease, the other issue is that an approved lender told me investors need to put down 40% and she only had 5/1 or 7/1 arms available. If you are financing, what will the lender do for an investor?

@Thomas Lee Nuckles, if she is great, why do you want more than one? Do you feel like you'd be missing out if you only had one?

@Thomas Lee Nuckles you might be confusing being a client with being a customer or someone is explaining it in such a way so that they can have your business solely. As a client you can only have one realtor represent you, if you ate looking for deals talk to whomever you want to and be upfront, but again when an offer is made, only one realtor can represent you.

Buy two properties with the total over 100k.

@Andrew Webber you and Navy Fed...

I own two in Baltimore and live in DC.

Updates:

https://gbbr.org/

.5% is better than 3%. To be honest they are not helping you, that's the compensation being offered to bring a buyer. Typically between 2.5% - 3% on most sales. 

The listing brokerage is paid 5 - 6% by the seller. Then the listing agent decides how to split it. Then the cooperating brokerage (where the buyer's agent comes from) gets what ever the amount is, say 2.5 - 3% and that goes to the buyer's agent. Of course there are splits, and this varies by brokerage.

Your agent knew this.

Did your agent tell you why you had to pay a 3% commission to him? It's not unheard of, but that's usually part of the seller's fee.

Ask for the MLS printout with the commission showing.