All Forum Posts by: Roberto Costa

I absolutely agree with Michael...not only that but a lot of the work an agent has to put in from viewing MLS listing, constant CMA, dealing with listing agents, etc are intangibles that you can't put a price on it. My guy in South Carolina I believe is the best at working deals for me and in return I have no issues getting him the 3% on both sides...money well spent.

I've been bidding on houses at Hubzu.com and I find the same issues...reserves being at probably 80% of property value which leaves too much risk and not much meat on the bone. 

I called them up and was not impressed...Fees + fees + fees + fees + 5 points + 14% interest...blah, blah, blah...and on top of all that they want you to wire them $3K to get a bunch of education stuff and start up fee...had scam written all over it so I passed up.

I am a cash buyer and I am interested in South Carolina. Please add me to your list [email protected]

Qwesi,

I'm in VA and when I started my LLC, I had to get a contractor's business license. It does not give me the privilege to act as a Class A, B or C contractor but that was the "category" of license required. I had to go to the City hall building downtown, apply in person, pay $50 to the treasurer's office and then they issued me the license same day.

if you are doing the fixing yourself you will need a contractor's license which requires a test.  Not sure if this is what you're looking for just trying to share some knowledge.

Can anyone tell me what are the rough costs (Purchasing costs) I would expect if buying a property from a wholesaler?

Kingsley,

yes.

I am just about done setting up my LLC, Does anyone know if you need a business license or seller's permit in Virginia?

Mike H,

extremely well broken down.  Thank you for the information.

Trey,

as for Auction.com, how long does it take for those properties to close?