All Forum Posts by: Rose White

@Kurt Carlton Kurt, thank you for laying everything out. If the down payment is being applied to the purchasing price, i am not sure why people would be concerned about it.. all it really is a deposit you put for an apartment security deposit as well, but it could be because its a big amount of money given forefront and because if anytime during the due diligence period, something falls through and “potentially” not being able to get that money back...? (I am just guessing why people would be opposed to this down payment&its price)

I do understand the comp accuracy comment as well. Even Appraisers can have different appraised value per appraiser. So finding that right number can be everyone’s “responsibility”.

For me, to continue learning everything, i am going to try my best to do all those things alone (but still advise the clients to run the numbers with the professionals) so i can understand all perspectives/lines of the real estate transaction. 😬😬

Thank you for your time and explaining everything!

HI John, yes! 

you can search for agents on biggerpockets as well! :) 
also, dont forget to run your numbers yourself! 
good luck!  

Hi John! 

I think investing in real estate for the first time for ANYONE or most can definitely bring uncertainty as in whether "am i making the right choice to do this", "what if something goes wrong?", "my first deal might be a terrible one".
While all of those thought can be true, unless you try it, you won't know. right? I completely understand your wife though. 

Anyways, I would suggest you to invest in cities you know/lived first. When you come back to the states, is your home in New Bern, NC? Is there any cities you know nearby that's getting more populated or more companies are coming in? if you know any, you can study the area and invest there first. As for meeting the right agent/property manager, I hope that person comes across on this thread for you but find someone that does investing themselves in that area or at least have interest in that area. This would help you leverage their knowledge of that area to help you succeed your "first deal". If that agent doesnt have an experience themselves, maybe meet someone that works under an investor broker as well.(this is not a sales pitch but) my broker has a lot of out of state/country investor clients. So I wanted to pick her brain and learn from her so I joined her firm rather than joining the big people. 

Taking your first step is 1 step closer to your goal than taking no steps! 
Good luck on your investment journey! 
 

Hi Kurt! 

is the mentioned non refundable payment to secure the house + additional fee for the commission?? 

HI Storm, i love that you pointed that out. I would rather want to work for others best interest, because helping/being in their best interest build relationships and i am all for that! thanks !! 

HI Nina, thank you for your advice. I probably would have "assumed" their comp would be correct as a new agent but sometimes, i guess you just have to make sure again. i would hate to have assumed the number and my investor found out after we closed that we wont be getting the expected ROI...

thank you!  

Sorry i meant MLS, GA uses FMLS as one of the multiple listing services.. but anyways wholesale sounds like gambling... !! lolol O_O

 Hi Daniel!

could you call out those who are not ethical like that? lol I can't believe people would lie like that.. I was actually buying our first primary residence home last year and supposedly it was reno'd. we put an offer and got accepted so we had the inspector check it out and low and behold, sooooo mannyyyy things to fix... also, my agent was my desk job manager's father, so he told me what the agent said.. so im like.. dang.  

but anyway, thank you for sharing that, just always have to be on your toes to make sure everything is in line is definitely important. 

 Hi Anson, first of all, thank you for answering this as 2 parts because I am currently an agent helping investors, but will be looking into purchasing for myself as well down the road! When you say longer timeline, do you mean like agent being the middleman and delaying response time? If the agent is known to close deals faster, does wholesalers value that? 

Are there smaller wholesalers and bigger wholesalers? (like KW brokerage or small brokerage) lol 

thank you for your response! 

HI Ryan 

thanks for your post... i honestly did not even think about title issues.... lol but now i know! thank you so much! 
Also, now that you mention, I do see that could be an issue. do you have visibility to title/deed like how you can see on MLS?