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All Forum Posts by: Sejin Kim

Sejin Kim has started 17 posts and replied 41 times.

Hello, 

we are planning to buy duplex with VA loan.

we found good duplex but both units are tenants occupied and my realtor says one unit needs to be empty when we close. 

However when I researched, it says we need to occupy property within 60 days after closing the deal. 

Can anyone verify this? 

Also my realtor says usually duplex owners prefer cash offer to VA loan, but if we offer more than cash buyers, will it be competitive?

Thanks advance!

' After purchasing property we intend to live one side of property. 

Theres another duplex that our realtor recommended that both units are empty and my realtor also represents seller side. 

Thank you.

Quote from @Noah Laker:

Of course it's better to have your own representation. "Dual representation" is an oxymoron; one agent cannot balance two opposing interests without giving bias to one side or another, either directly or indirectly. 

Thank you so much! Everyone. Yes, we figured it's better to have our own agents. However, we concluded that we won't go for that property because the population and rent is decreasing that area. 

Hello, 

my husband and I are trying to buy Triplex but we never had this experience before. We have bought 1 single family house for our primary residence and bought 1 condo for our investing property in FL. 

I contacted sellers agent and asked if we need our own realtor or can he represent buyer side as well. He said either way works. 

I thought having dual agent might more motivate him to sell to us due to high commission. 

However it will be our first triplex and we are worried if we don't get honest advice from realtor. 

So I am not sure what will be better idea, to have our own realtor who can give more buyer side advice or to have dual agent? 

I have been communicating with Sellers agent and I liked fast process. 

Any advice will be appreciated. 

Thank you.

Quote from @James Mc Ree:

Contact the HOA yourself. See if they will give you an estimate of the assessment for the property. They might refuse since you are not the owner. In that case, get the seller to call. Ideally, you want something in writing, but that is probably unlikely since no one will want to stand behind a not-yet-final number. You should be able to get something like the assessment will not exceed X.

As to the negotiation with the Seller, what are you willing to accept for the assessment? You could agree with the Seller that you will accept up to $10,000 in the special assessment and the seller covers the remainder. Is that still a good deal for you? What if it is $30k? Check your model to see what works and how much you are willing to accept.


Also HOA don't have budget for 2025. Do you think this is Red flag?

Quote from @James Mc Ree:

Contact the HOA yourself. See if they will give you an estimate of the assessment for the property. They might refuse since you are not the owner. In that case, get the seller to call. Ideally, you want something in writing, but that is probably unlikely since no one will want to stand behind a not-yet-final number. You should be able to get something like the assessment will not exceed X.

As to the negotiation with the Seller, what are you willing to accept for the assessment? You could agree with the Seller that you will accept up to $10,000 in the special assessment and the seller covers the remainder. Is that still a good deal for you? What if it is $30k? Check your model to see what works and how much you are willing to accept.

Thank you James! 

Hello, 

we are middle of purchasing our 2nd property. It will be our investment property. Tenant already there until Oct. This year. 

But my realtor said they are going to do special assessment on this property and HOA runs badly. ( We requested HOA reserve document but no answers. )


We wanted to wait to see how special assessment going and close. 

Now seller says they don't know when special assessment will be done so he rather want us to close end of January or back out. 

My realtor doesnt recommend buying this due to special assement unknown and HOA runs badly.

However we are buyiny with good price. 


What do you guys think?


We really want to wait until HOA done special assessment.


Property is 1 bed condo, First floor, build in 1993 and we are buying at 130K in Florida. 

Thanks.

Post: Good real estate classes?? el

Sejin KimPosted
  • Posts 41
  • Votes 19

Hello, 

we are just starting out our investment journey. 

we have one STR property and 1 LT property and I want to gain more knowledge of it.

Any recommendations on real estate investing course or classes? 

Not free ones but not too expensive ones as well.. 

Thank you so much!

Quote from @Trent Reeve:

there are no mountains  near Disney

Corrected.  I guess it's forest view? 

Hello, 

we are trying to buy our 2nd STR property in Kissimmee/Orlando area.

we currently have 1 bed/1 bath condo in Kissimmee and it is doing well so far. ( been 2 month) 

I am wondering anyone has 2 bed 1 bath property? How's it going? 

I am debating should I buy 2 bed 2 bath condo or 2 bed 1 bath will work as 2 bed/2.bath. 

current 2 bed 1 bath we want to phrachse, is on good location. Near Disney and has mountain view which gives privacy. Whereas little far from amenities like pool or gym. 

What do you guys think? 

Thank you so much for your opinion 

!

Quote from @January Johnson:
Quote from @Sejin Kim:

Hello, 

we decided to sell our short term rental property in Sacramento area. 

what will be pros and cons of selling without a realtor? 

we had that property under 2 years and we pay a lot of mortgage. 

If we hire a realtor, we will be paying more than we get from selling it. 

House already has smart lock, clean... Will it be too hard to sell without realtor? Too much work? 

Any opinions? 


Save your money on the listing and pay a flat-fee listing agent to put it in MLS (WITH PROFESSIONAL PHOTOS AND A GOOD AND ACCURATE DESCRIPTION) and then pay 3% to the agent who brings you a buyer.


 Thank you. 

so far no luck. We hired realtor who is also property manager.