All Forum Posts by: Marc Glass

Hello BP!

Thank you to all for creating such a helpful community. I've primarily participated from afar, reading numerous forum posts and listening to about 1/2 of the podcasts. I'm ready to engage more, both on the forums and in real-life REI. Blessings to you!

Quick question: My wife's aunt is a realtor that lives 6 hrs away but is licensed in my state (IL). While she obviously cannot help me with any properties due to the distance, is it possible for her to give and ethical/professional for me to ask for her access credentials to log into the MLS? I don't know all the details as to how this works and do not want to ask my wife's aunt to do something that is not above board. Thanks in advance.

Thank you for the reply.

Hello, I am new to BP and still sitting on the sidelines in the world of REI. I am eager, however, to get in the game and want to do it carefully and responsibly. I currently have the home that my family and I live in under a lease with a non-investor landlord. He had the house up for sale and due to it being over-priced for its condition, it did not sell. I approached him about leasing the home and he agreed and we have now been living in the place for around one month. I am considering speaking to the landlord and asking if we can add an option agreement to our lease for a certain purchase price one year from now. We have already made minor improvements to the house (paint, some landscaping) and I would like to make more. My question is this: if I were to get the property under an option agreement, is there still a downside to doing drastic improvements to the house before actually purchasing it? I have run the numbers on the house and if I can get it at the right price and make the appropriate improvements (new roof, new kitchen, add second bath) it will produce a nice profit. However, I don't know if it is too risky to make such improvements under only a lease-option agreement.