All Forum Posts by: Kanita Jefferson

@Chris Mason

That's right Chris. Technically the fed is breaking laws but found a look hole....and that's using the treasure department. So yes that have what I call unlimited credit card. Check out and read about the TALF program 🤦‍♀️🤭🤫

@Tim Johnson

Oh lord not Carrington (cringe) #subprimers

@Robert Hernandez

AHHH here we go!! So do u not trust the agent?

Anyways, chill out. Let the buyers have their due diligence times. U don't hear anything can sometimes be a good thing in real estate.....

Quit stressing and just chill. Either they want or they don't want. If they don't want...then u know what it will take for the next buyer to want. Best wishes.

@Catherine Hensley

Hello and my condolences.

I only read ur post and not the rest of the thread. I wish u would have posted ur mortgage payment to give more detail.

To answer ur question.....I would buy investment home. Here's my why's

U can always leverage later of needed

U can use the investment income to pay down Jr mortgage

U will hold up more relationships in the meantime

U will learn what u like and don't like being an investor

Also, find something in opportunity zones if u can. At this point....don't ignore ur tax hunger 😉

@Brian Alfaro

Hello. I woukdnt dabble in mutilfamily right now....tenants are getting rent deals and about to get more deals due to CONVID19...good luck

The shut down broke us down but only to hand out folks a BIG BIG WAKE UP CALL! Like a reset button

Closing the economy killed us more than CONVID19 did (my opinion). We are humans are just not built to stay home and do nothing for extended periods of time. Once things are up and going again....it will take a few months to recovery but back to normal again hopefully with new beginnings and new behaviors!

I do not feel it's gonna be a recession. I do feel it's gonna just be a slow start up, like, the restart we had after the 2008 crisis.....u know, like when folks wanted to jump in but was still scared...but after they started seeing and hearing folks closing real estate....working....starting businesss...having kids....getting divorced and married, posting happy pictures OK social platforms you know the normal stuff lol...

___;)_______

Yeah yeah, "they" all say that until they wanna get licensed in another state 🤷‍♀️

FYI u may wanna pay better attention if u decide to go into real estate (hence I know you can see my name is spelled "Kanita" ). Good luck with your endeavors 

Jack I'm sorry you didn't understand  my English. Once again I do feel you're reading too much into the situation that has you asking the question. Sounds like you want someone to BREAK IT DOWN. 

#1- I'll point out, if you're an attorney you should be very very familiar with "every state is different regarding laws ". Real estate is the same way in this case minus any lending situation 

#2- no one can give you an exact because you need to follow the law in that state where this so called broker is buying or selling 

#3- there's more details I feel we need to answer the question jack. Is this licensed broker selling their own property and running the sale thru another brokerage firm (?) or, theyre using thru own firm ?? So many variables here...  

"hypothetically speaking " if this was a sale in my state and I was a licensed broker selling my own house (thru my own firm).... NO I don't have to split anything with anyone. You should also know everything is NEGOTIABLE but if I want a decent buyer and don't wanna piss anyone off then it's best for me to Co op and be willing to pay for my buyer's agent or.....I can just leave that up to the buyer to pay because indeed it is their  representation (shrugs)...especially since their agent or broker is Negotiating against me as the seller. If the broker Is selling thru own house and using a different firm to list...then it's up to them...

Also some brokers will still take a commission so it can listed on the HUD statement and or for tax planning purposes

So again, it's all depends. There's no certain answer here. Please refer back to what David said. I hope I made some things clearer  

Disclaimer - I'm replying thru the email and not the app. Please excuse  any wrong Grammar or typos 

@David M.

Exactly what David said!

Dear poster,

Don't complicate the transaction!

@Nathan G.

IMO, AIRBNB -is a voided area right now which is a GOOD thing. Because when ur an investor, u should KNOW...."When everyone exits, you stay in place or come come in "

That way, when it rebounds (and it will) you will be ahead of the curve before all the other homes come back and saturate the marketplace. Remember AIRBNB is about the star rantings. So if u have a high star rating - stay there. If you don't have a high star rating - be ahead of everyone, especially those that try and come back. They will come back building up their rating again :)