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All Forum Posts by: Tony L.

Tony L. has started 2 posts and replied 41 times.

Looking for agent that understands the requirements of RE Investments. Specifically Pierce, Kitsap and Mason counties in Washington. SFR up to four-flex investments.

509-255-3225

Post: we're getting screwed!! WE NEED HELP!!!

Tony L.Posted
  • Lakebay, WA
  • Posts 48
  • Votes 0

If you don't think you've gotten a fair shake by the listing agent why not contact his broker as a first step. If the listing agent has not resented your offer fairly to the seller's your agent should have stepped in if that what is felt. There is a code of ethics in the RE industry but all do not follow it closely, shame.

Tony

Post: Anyone ever go into public service after financial independence?

Tony L.Posted
  • Lakebay, WA
  • Posts 48
  • Votes 0
Originally posted by Caitlyn Coyle:
If you decide to teach about real estate investing, I think the period will be short in which you, Tim, will continue to do it for free. This is because (a) others are earning so much charging for it; and (b) it's a thankless task to work with the public, let alone do it for free. The seeds on which your teaching rain will fall yields so little fruit that you'll soon wonder, "Why am I doing this for free?"




I used to teach credit management as a public service. After a few months of working with ungrateful consumers on a pro bono basis, I had to start charging for my knowledge; otherwise, I couldn't motivate myself to keep doing it.

I agree on all points here Tim. Public service or any other for that matter gets old fast especially when providing it for FREE. :mrgreen:

T

Post: Multifamily using down payment assistance

Tony L.Posted
  • Lakebay, WA
  • Posts 48
  • Votes 0
Originally posted by Caitlyn Coyle:
Now the question is, how do I value this project? We've agreed that we don't buy on blue sky. We've agreed that all aspects of financing must be disclosed.

Now I need to know how to arrive at an offer price when I know only the rents that are coming in and none of the expenses.

Tony, I hope my questions aren't "lame."

Caitlyn, Comment "lame". I posted this comment after reading several of your posts in this forum and others where you seen to take the low side in a discussion and not the high side. It's always good to point out problem areas but some of your comments where negative and not really warranted. There will be no further statements of this nature to you as you acknowledge my point with the reply.

T :mrgreen:

Post: Self Storage units as investments

Tony L.Posted
  • Lakebay, WA
  • Posts 48
  • Votes 0

Great point Matthew.

Post: Would you recommend becoming a agent?

Tony L.Posted
  • Lakebay, WA
  • Posts 48
  • Votes 0

My suggestion is not to become an agent. It cost money just be an active licensed real estate agend and if you want to be classified as a Realtor you will have to join their organization for another $500. There are many cost to working in the real estate industry. I am a licensed realtor and have been so since 1977 but have resently hang up my license to work more on my own investing rather helping others. It takes time even when your an agent to find properties so why not just use other agents to do the ground work, you can use as many as you want but you may find 2 or 3 that do a really good job for you. IF you become an agent you will always have to disclose this on all your transaction.

T

Post: Everyone put in $10

Tony L.Posted
  • Lakebay, WA
  • Posts 48
  • Votes 0

Donation accomplished.

Post: Everyone put in $10

Tony L.Posted
  • Lakebay, WA
  • Posts 48
  • Votes 0

I'm in for this, donation on it's way!

T

Post: Buying FSBO Short Sale Without Agents

Tony L.Posted
  • Lakebay, WA
  • Posts 48
  • Votes 0

Da Deep, You may be able to purchase with 40% down but no one here can answer your question as there are a number of other things that are taken into account for a mortgage. Only the lender your working with can tell if they will loan to you with 40% down with other criteria provide to them. There are no long NO DOC loans out there to be found.

T

Post: BADLY STUCK IN A HARD MONEY LOAN??

Tony L.Posted
  • Lakebay, WA
  • Posts 48
  • Votes 0
Originally posted by Caitlyn Coyle:
If I ever make a real estate mistake, remind me not to come to this board for advice. Sheesh.

:mrgreen: Lame remark as usual Caitlyn. :mrgreen:

Make the HML payment first, after that pay yourself and then what you can on the others :roll: .