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All Forum Posts by: Russell Brazil

Russell Brazil has started 176 posts and replied 16478 times.

Post: Zillow Requires A Valid Listing Agreement

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,276
  • Votes 29,806
Quote from @Katie Miller:
Quote from @Rick Albert:
Quote from @Katie Miller:
Quote from @Steve K.:

This doesn't meet the definition of being an investor either. Investors buy, rent, and sell real estate to make a profit. What you're describing is called wholesaling but if you're marketing the property as you said, and not just the contract, then you are really just brokering real estate without a license. Be careful. 


 I'm selling the contracts, not the property. 

The contract is for a property. You have no intention on buying the property. Your intention is to sell the property to someone else and make a profit. More importantly, you are attempting to advertise the property on public forums. On a practical basis, you are attempting to sell real estate without a license. Realtors are also selling contracts. They are selling grant deeds that give ownership to a house. 

The "I'm selling the contracts, not the property" has been used for years as a possible loophole. However there was a lawsuit going on earlier this year in South Carolina on this exact issue. Depending on how this goes (and I will admit, I'm behind on it), this could set a precedent for the country. 

Steve is right, you need to tread lightly. Typically wholesalers just reach out to their networks, not the general public.

I'm assigning my rights on the agreement to someone else who will purchase the property from the seller. I get paid an assignment fee from the buyer. 
Do you have the ability to close on the contract yourself under the terms of that contract?

Post: Real Estate Investing in Northern VA

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,276
  • Votes 29,806

Househacking is the best way to start in the DMV.

Post: FSBO: for sale by owner post Aug 2024 commission changes

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,276
  • Votes 29,806

Most real buyers will have agents and will put it in their offer that the payment for the buyer agent come from the settlement funds.

Post: Househacking in Alexandria VA

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,276
  • Votes 29,806

I've helped a bunch of house hackers buy in and around of Alexandria.

Most important thing to consider is the unrelated occupancy limit of 4 people. 

$1,000 a month in general is the going rate for most rooms. Size and private bathroom can change that variable.

Post: How do i get access to NYS MLS data automatically?

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,276
  • Votes 29,806

You'll need to become a licensed agent then join the MLS.

Post: Contracts and laws

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,276
  • Votes 29,806

Is this in Texas? Real estate contracts in Texas are produced by the Texas Real Estate Commission, ie, the government. The licensee has no choice but to only use TREC contracts. 

Post: Tenant just became wheelchair bound. Who's supposed to pay for the changes!!!!!!

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,276
  • Votes 29,806

Tenant is responsible for paying for the changes, and is responsible for paying to put the property back into original condition when they move out.

Post: Service dog last minute disclosure

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,276
  • Votes 29,806

Can not charge more for a service animal.

Not all disabilities are readily apparent from simply viewing a person or the behavior of their animal.

Post: Insurance Options for Owner-occupied triplex in Maryland

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,276
  • Votes 29,806

Congressional Insurance Associates out of Germantown.

Post: Tenant doesn’t want to place TP in waste basket

Russell Brazil
Agent
ModeratorPosted
  • Real Estate Agent
  • Washington, D.C.
  • Posts 17,276
  • Votes 29,806

If I was the tenant, and the landlord told me to do that....... Id take the used toilet paper to the landlords house and stick it on his house and car til he fixed the toilet.