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All Forum Posts by: Shaun R.

Shaun R. has started 80 posts and replied 214 times.

Post: Homeonwer's insurance on condo

Shaun R.Posted
  • Real Estate Agent
  • Denham Springs, LA
  • Posts 226
  • Votes 159

I believe that the insurance on the exterior of a condo are covered in your HOA fees, but what about the interior? I'm looking at a condo to buy as a rental. On the seller's info sheet in MLS, they marked N/A for homeowner's insurance. I would assume that you have to carry some other insurance other than what the HOA provides, correct?

Post: "Buyer Premium" Added to Sales Price?

Shaun R.Posted
  • Real Estate Agent
  • Denham Springs, LA
  • Posts 226
  • Votes 159

I’ve seen this before on short sales also. The remark would say that the seller requests that the buyer pay $xxxx for the short sale negotiator fee. 

Post: Opening a line of credit

Shaun R.Posted
  • Real Estate Agent
  • Denham Springs, LA
  • Posts 226
  • Votes 159
I’d be willing to put up the equity as collateral if that’s an option and if it’s necessary. I’ll check out the product you’re talking about. Thanks.

Post: Opening a line of credit

Shaun R.Posted
  • Real Estate Agent
  • Denham Springs, LA
  • Posts 226
  • Votes 159
Between my personal residence and a rental property I have about $93k in equity. With decent credit and $200k of annual income (between my partner and I), should it be fairly easy to get a line of credit? If so, in your experience how big of one should we be able to get with the info I’ve given?

Post: FSBO strategy: buy or list

Shaun R.Posted
  • Real Estate Agent
  • Denham Springs, LA
  • Posts 226
  • Votes 159
Bumping this up there for one more shot at some answers.

Post: Best books for brand new agent

Shaun R.Posted
  • Real Estate Agent
  • Denham Springs, LA
  • Posts 226
  • Votes 159
Maybe some of these suggestions cover this, but to be more specific... I’m really looking for books that go into how to find clients, what to say in a listing presentation, and just what to be doing and how to get going as a new agent.

Post: First Flip in the Books

Shaun R.Posted
  • Real Estate Agent
  • Denham Springs, LA
  • Posts 226
  • Votes 159
Nice job. I’m looking for my first flip now. They’re harder to find than I was thinking they would be.

Post: FSBO strategy: buy or list

Shaun R.Posted
  • Real Estate Agent
  • Denham Springs, LA
  • Posts 226
  • Votes 159
I’ll definitely do that, but it’s late and I’m working nights right now so I’m up all night. Anyone have any insight on why it’s a conflict of interest until I can talk to my broker?

Post: FSBO strategy: buy or list

Shaun R.Posted
  • Real Estate Agent
  • Denham Springs, LA
  • Posts 226
  • Votes 159
I got my real estate license mainly for my own investing, but since I have it I would like to put it to use to make some extra money (also for investing). I’m thinking of a strategy to approach fsbo’s first as an investor looking to purchase. Since the vast majority will not be willing to sell at a price in which I could purchase, my next move would be to offer to list their house to help them maximize their net proceeds. My pitch will be to help the seller by providing a solution to help them get their house sold. If me buying at a discount helps them, great. If they want to make more money than what I could offer, then I can help them sell. I don’t think I’m doing anything revolutionary here... has anyone ever successfully used this tactic or anything similar? Any opinions on whether it could work?

Post: Would you pay more tax to help house the homeless?

Shaun R.Posted
  • Real Estate Agent
  • Denham Springs, LA
  • Posts 226
  • Votes 159
I wouldn’t choose to pay higher taxes for any purpose, because the government is the absolute last place that I trust to handle money. They do a terrible job with the money they already have.