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All Forum Posts by: Nicole C.

Nicole C. has started 3 posts and replied 46 times.

Post: Can I reject an applicants request to withdraw their withdrawal?

Nicole C.Posted
  • Realtor and Investor
  • North Hollywood, CA
  • Posts 49
  • Votes 25
To keep it simple give back the deposit. If you have other applicants lined up as you stated then keeping the deposit is a bit petty

Post: What do you include as expenses for Condos?

Nicole C.Posted
  • Realtor and Investor
  • North Hollywood, CA
  • Posts 49
  • Votes 25
Include hoa fees

Post: Flip stuck in market?

Nicole C.Posted
  • Realtor and Investor
  • North Hollywood, CA
  • Posts 49
  • Votes 25
Also your pictures are phone pictures. What sells houses is presentation. There's not enough pictures lighting isn't to good and there not professional. Staging can also add to it. Change realtors it's the realtors job to sell your house quick as possible if the realtor is ok with this presentation not a good realtor. Also throwing it in the mls isn't going to cut it. A good realtor will having marketing funnels and prospective pocket buyers as well.

Post: Flip stuck in market?

Nicole C.Posted
  • Realtor and Investor
  • North Hollywood, CA
  • Posts 49
  • Votes 25
It could be the market climate . With the holidays and the new year and weather things seem to be a bit slower at least for me .

Post: Priority of Tenant Applicantions

Nicole C.Posted
  • Realtor and Investor
  • North Hollywood, CA
  • Posts 49
  • Votes 25
They get 10 days to get everything together otherwise they forfeit the holding funds. They also agree and sign to this condition

Post: Priority of Tenant Applicantions

Nicole C.Posted
  • Realtor and Investor
  • North Hollywood, CA
  • Posts 49
  • Votes 25
I ask for a 500.00 hold which goes toward the deposit. The first applicant to turn in the application and hold gets the unit and I take it off the market If the applicant fails to provide all necessary paper work or decides to not get the unit they forfeit there 500.00 :-)

Post: BRRRR STRATAGIES AND REFINANCING

Nicole C.Posted
  • Realtor and Investor
  • North Hollywood, CA
  • Posts 49
  • Votes 25
Credit isn't bad but it can be higher which brings rates down when refinancing. There's easy tips and tricks to get credit at an optimal place.

Post: Don't start investing until you have $100,000.

Nicole C.Posted
  • Realtor and Investor
  • North Hollywood, CA
  • Posts 49
  • Votes 25
Depends on your investing strategy and location. Personally for flips in LA County 100,000 comes in handy to just even put some skin in the game on an investment property with a hard money or private lender. With buy and holds obviously that much isn't needed but if you did use it. Your mortgage could be great and one would have some good equity aswell

Post: First deal Advice, and need assistance in how to evaluate.

Nicole C.Posted
  • Realtor and Investor
  • North Hollywood, CA
  • Posts 49
  • Votes 25
It's important to factor in holding costs which can completely change the numbers. Also make sure your own personal gc walks the property and your realtor run the comps .. Good luck

Post: How much can you trust a property manager???

Nicole C.Posted
  • Realtor and Investor
  • North Hollywood, CA
  • Posts 49
  • Votes 25
Finding a great PM involves you being involved. All thou it would be great to essentially "set it and forget it" no one cares for your property the way you do. There for being the "God" above watching is needed.