All Forum Posts by: Erica Nagle

@Luzma Bedoya so glad you saw this too!!

Thanks everyone for the great advice!

Johnny Zannino out of Peabody. We just setup a condo policy with him that satisfied all VA and FHA requirements. We had two units and these were the two loans that were used. Not sure about your specific questions but it's worth a call. John V. Zannino Insurance

Hello, I recently passed my realtor exam and need to find a broker/brokerage to work for. I live in Peabody, MA and want to mostly buy/sell real estate that we invest in. Any advice on specific companies, large vs. small firms, what to ask when talking to brokers? Basically I need to find an investor friendly broker and wondering what advice anyone has? Thanks in advance!

Figured that, just thought I'd ask in case there was something I was missing!

Hi, I have a question about our ability to get a HELOC on our house. Here are the main factors:

• Our primary residence is roughly worth $475k and we owe around $225k so we have quite a bit of equity. 
• The house is only in my husbands name because he owned it before we were married.
• Hi credit is average because he declared bankruptcy 5 years ago...about 670
• My credit is horrible due to a large amount of credit card debt. 
• We've been flipping houses for 2 years and don't currently show any income.

Are we just screwed until we have tax returns that show income or is fair credit and lots of equity enough to pull some out?

No I haven't accepted any money from them  thank goodness. Sounds like you need a different lawyer. Let me know if you'd like the contact info for mine. It won't cost you a fortune I promise!

I understand the long term maintenance but  I was surprised to see it be such a deciding factor. Especially on a very small house.

Hello, I currently have two investment properties in the Detroit area that I'm looking to sell. I got an offer from someone who later backed out saying he thought the whole house was brick but when he drove by saw that only the front was brick and sides were Vinyl. This seemed odd to me that the type of exterior would have such a huge impact on the value of a home that is less than 1000 square feet. If it needed new siding then okay but it's all in good condition. Is this common in the Detroit area to heavily factor in if the building is brick or sided in Vinyl? If yes, why? I currently live in Boston and grew up in Iowa and neither places is this such a factor.

Lee Todd of Todd Enterprises LLC