All Forum Posts by: Lynne Burke

@Shawn McDonnell Thank you! So helpful!

@Thomas Dempsey I'm looking for a photographer who works in the Delaware beaches area. Any recommendations?

Hi all! 

I'm looking for a local STR photographer for my new property in Rehoboth Beach, DE. I'm looking for someone with experience doing photography for STR vs selling. I have a few recommendations, but some of them come with caveats on how I can use the photography and I'd rather not have that hassle.

@Lane C. We purchased a SFH in Rehoboth Beach, DE.

Hi all! Wanted to update as I spoke with what feels like dozens of lenders and brokers and got dozens of rates and promises. I ended up starting with a few (lower rate!) who had massive increases in the interest rates (over 2 points!) in a weeks' time. Also during that time, started to lose confidence that those same mortgage brokers I had been speaking to could close the deal (terms kept changing). I had less than a month to get funding (was already under contract when my initial preapproval bank fell through). Several other lenders couldn't make it work as the rates started rising as it was based on LTR DSCR numbers. I ultimately went back to one of the initial quotes I got from this very board and post. @Jared Rine saved the deal. Literally, figuratively, you name it. The initial quote he gave me stayed true. He was able to fund in less than 2 weeks. I cannot stress this enough - his communication and competence were leaps and bounds above everyone else. He was not only a pleasure to work with, but he knows what he is doing and THIS MATTERS MORE THAN YOU THINK. The reason I was in such a tight spot in the first place is because my first broker didn't fully vet what he should have (despite my protestations). So, long story short - go with someone highly recommended.

Feel free to reach out with questions on my particular deal and why it was so tricky. Couldn't be happier with Jared.

Hi Julie, 

The commission is actually 100% the listing agents' commission and they only agree to split it with another agent who brings his or her buyer for their listed property (otherwise, it would be a very bad system). If you found the property via marketing in one form or another, the listing agent did their job and earned 100% of the commission. There is no separate commission that is paid to the buyer's agent; it's simply a cooperative effort between agents at times. But their is no dedicated buyer's agent commission. 

One thing you could do to save the sellers some commission and save yourself some money is to do what realtors do - start calling properties that don't have listing agreements attached and save them the 5% that way.

@Kyle Sutton Congratulations! And thank you!

@Stephanie P. Thank you! Really appreciate the feedback. 

@Jay Hurst if you don’t mind sharing, who does 15%?

@Brandon LaGrange who is them that is offering 15%? 

It does, but then DTI is over 50% and they can't count rental income.