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All Forum Posts by: Nicole Pierre

Nicole Pierre has started 4 posts and replied 5 times.

Post: Seller is requesting Social Security #

Nicole PierrePosted
  • Rental Property Investor
  • Culver City, CA
  • Posts 5
  • Votes 1
Originally posted by @Dave E.:

@Nicole Pierre

Hmmm . . . Giving your social security number to a buyer from out of the country . . . what could go wrong there lol?

You shouldn’t ever give your ssn to anyone besides a financial institution.

But, they’re doctors from Brazil, they can be trusted. 

Post: Seller is requesting Social Security #

Nicole PierrePosted
  • Rental Property Investor
  • Culver City, CA
  • Posts 5
  • Votes 1

Hello, my agent asked me for my social security number to provide to the seller of a home that I’m purchasing. She says since they are International (Brazilian) sellers, they need it for tax purposes. I told her I wasn’t  entirely comfortable with providing my social and that the tile company already has it. She wasn’t happy and said hopefully the deal doesn’t fall through. Has anyone given sellers their social security number? Is there another way this can be handled without giving sellers my social?

Post: Land Surveyor in Little Rock/Palmdale Area

Nicole PierrePosted
  • Rental Property Investor
  • Culver City, CA
  • Posts 5
  • Votes 1

Hey BP,

Can anyone please recommend a land surveyor in the Little Rock/Palmdale area.

Thanks,

Nicole

Post: BRRRR with New Construction

Nicole PierrePosted
  • Rental Property Investor
  • Culver City, CA
  • Posts 5
  • Votes 1

Hello BP Community,

My husband and I have 10 acres of land that we inherited. We are thinking of selling our current duplex (we have about $250k in equity) and using that money to build a house and using the BRRRR strategy to build our real estate empire. The land is in an area that is up and coming and the average rents are $1,600-$1800/month. We also thought about not selling and using a private lender to get started. What are your thoughts? If were to use a private lender to get started, at what point we would need to start paying back the loan? Any other ideas/suggestions would be greatly appreciated.

Post: Where to invest Money while saving to purchase a property

Nicole PierrePosted
  • Rental Property Investor
  • Culver City, CA
  • Posts 5
  • Votes 1

Hello, I am new to BP and just wanted some guidance.  I currently reside in LA and looking to purchase an Out of State Property in the next year or so.  I have about $25k saved and wanted to know where I can invest my money while I continue to save to purchase a property.   I don't want the money just sitting in the bank accruing next to nothing interest.