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All Forum Posts by: Russell Brazil

Russell Brazil has started 176 posts and replied 16476 times.

Post: Deleading in MA Section 8

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,273
  • Votes 29,799

Provide it if you have one. If not, provide a lead paint disclosure. If they want to apply, and its not deleaded, then youll need to delead

Post: Good broker for part time agent

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,273
  • Votes 29,799

One of the virtual brokerages may be a good fit. EXP and Real

Post: New Real Estate Commission Laws

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,273
  • Votes 29,799

While this is new for 32 states....this was already the case for 18 other states plus DC. Everyone in those 32 states that didnt require this will get used to it soon enough.

Post: Flat Fee or Reduced Cost Title Services in Florida

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,273
  • Votes 29,799

There are a lot of title companies, which means there is a lot of competition in this space. I find that 80% of title companies have very similar fees, as one would expect in a competitive and efficient market. Most of the actual profits for title companies are generated by the title insurance policy itself, and in many a state, that cost is regulated by the state. 

Post: Buyer's agent requested CLUE report for flip property

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,273
  • Votes 29,799

When I ask my insurance agent for a clue report, I get it back in a couple hours. 

Post: In a multiple offer situation, how do you extend an offer?

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,273
  • Votes 29,799

Ive found that offers with quick expatriations are either incredibly strong, or incredibly weak, with virtually none in between.  So the decision on what to do with the offer should be easy.

Post: Wow has this site grown, I havent been here in 15 years.

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,273
  • Votes 29,799

Yeah just a little bit of growth

Post: Question about responding to tenant threatening to withhold rent

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,273
  • Votes 29,799

Withold rent, get served an eviction notice. 

Post: Seller didn’t transfer full deposit.

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,273
  • Votes 29,799

Get a copy of the lease

Post: Why is P&I included in NOI

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,273
  • Votes 29,799

P&I are not part of NOI.

NOI, and by extension the cap rate allows people to compare 2 different assets.

The amount of leverage an investor uses, and the rate at which he borrows, and the length of time they have to pay back that debt are completely independent factors from the asset.