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All Forum Posts by: Lori Goldsmith

Lori Goldsmith has started 5 posts and replied 29 times.

Hi Juan, 


I’ve been a REALTOR® for over Twenty years and I have worked with a bunch of Lenders. Good, fair and not so great (that’s me being polite, if you could hear my thoughts you’d laugh) That being said, I have had a few very tricky almost non lendable buyers do to income verification and other big issues. One of my buyers found a guy here on Bigger Pockets that has been a sheer miracle worker. He has not only secured these loans but he facilitated to close the loans early, shortening escrow periods. Feel free to direct message me if you would like his info. Not sure protocol on posting his name here…..

Post: Gas Stoves to be prohibited in New Builds - California

Lori GoldsmithPosted
  • Realtor
  • Beverly Hills, CA
  • Posts 31
  • Votes 24

I’m not just a REALTOR®, I’m a gardener and an avid cook, so this news isn’t resonating with me, as I prefer gas to electric cook tops.
How about you? Which do you prefer? Thank goodness it will only apply to new builds, but is this a thumb’s up or thumb’s down for Builders/Investors? 

https://lnkd.in/gksR-eF8

Gas stoves are even worse for the climate than previously thought -- so much so that Los Angeles is banning most gas appliances in new homes and businesses. In doing so, California's largest city joins more than 50 other cities and counties in the that have made moves to discourage or prohibit the use of gas ranges. (No timeline for the new rule has been announced.)

Post: Should I wait to invest due to economy?

Lori GoldsmithPosted
  • Realtor
  • Beverly Hills, CA
  • Posts 31
  • Votes 24
Quote from @Lara Ishtayeh:

Hi Everyone,

I'm looking for people's takes on the market and investing at this time. With a recession creeping in soon, should I wait to invest in a duplex?  I've been looking for months but I've been told by some people that it's wise to wait right now, build more cash reserves, then make my play after seeing how the market plays out within the next year. Obviously a deal is a deal, and I'm not going to completely stop looking. However, with interest rates very high, is it wise to ease up a little bit and wait? 

In the areas that I service, things are still going strong with inventory still low, with the slightest decrease in list price we are still seeing multiple offers in these desired areas with better school districts. 
I say if you find the "Right" property that speaks to you, Move forward with the buy and hold on to it. 

Post: FHA home buying rules

Lori GoldsmithPosted
  • Realtor
  • Beverly Hills, CA
  • Posts 31
  • Votes 24

The above is correct. You can ONLY have one FHA loan at a time.

Good going! Keep it up!

Post: FHA, multi family is seeming impossible

Lori GoldsmithPosted
  • Realtor
  • Beverly Hills, CA
  • Posts 31
  • Votes 24

Just keep saving and the right opportunity will present itself. Slow ands steady wins the race.

Post: Cash out refinance - no seasoning

Lori GoldsmithPosted
  • Realtor
  • Beverly Hills, CA
  • Posts 31
  • Votes 24

I would talk to Shaun Weekes at Innovation Lending Solutions. As per Bigger Pockets guidelines, I cannot post his contact info but He’s on BP. Look him up. He’s a wealth of information! 

Post: A flip story where the house wasnt fixed up .

Lori GoldsmithPosted
  • Realtor
  • Beverly Hills, CA
  • Posts 31
  • Votes 24

What a great post! Thanks for sharing!!