All Forum Posts by: Stephanie Ro

@Raymond M Dalida Hello! How is it going 5 years later? How did you do?

I was browsing the Asheville threads because this is a market I would like to dive into. 
Did you find your multi-deal? How is the market now? I do, also, enjoy this forum!

@Anthony King I'll definitely need a patient real estate agent! How do you get full disclosure from the seller BTW?

@aj satcher Thank you for your post. This is exactly what I would like to do. @Brandon Rush great breakdown. I appreciate this, too!

@David Dachtera Apologies for the delay. I like to reply to those who comment on my post. I appreciate your 2 cents! Oh no - over capitalizing is not good. The non-matching kitchen wouldn't interest a lot of people or if it did, the cost of it wouldn't be enough to purchase the home. I would like to flip a home at one point in my lifetime. I will ensure that I won't over capitalize. I just Googled Yorkville - not too far out of Chicago. I'd like to visit Chicago one day. 

@David A. Once again, thank you for your reply. I've decided not to purchase before heading back. It doesn't make sense. I won't be living in the streets and I don't want the headache and stress of when things like title issues occur. I am a face to face person anyway. I find enjoyment speaking with locals and getting a feel for a city/town. Life is an adventure. I moved to Australia without knowing the lay of the land and a job, so I know that I will find a good city and property in the US - I just didn't want to dive straight in like I did with my move here and have a better plan. 

@David A. Thank you for the reply. Sorry for my delay! The sellers don't qualify for financing due to the major repairs? So, in turn, they up the price keeping it on the MLS?

I don't plan on keeping tenants in the home once I take over. I hear that it isn't smart keeping the existing renters around for they may be the issue the owner is selling and a few other factors. They could be a headache and so forth. 

Title issues - I didn't think about that. Hopefully, there is full transparency when I become a serious buyer. Thank you! 

@Justin Sullivan What is IMooe rant? :) Thanks for sharing your thoughts!

@Joe Splitrock I appreciate you taking the time to reply. You're right about the Duquesne property. Someone above looked this up and it has a 339 page inspection report with a structural engineer's report. This looks like a big, overpriced, red flag sitting on the stoop! I really hope for an honest REA and I will be sure to go to different brokers and get feedback. Someone suggested I walk in to the office instead of calling and emailing. 

"As a new investor, be very careful of properties that have fallen out of contract multiple times or sat on the market six months. There is something wrong." Yes! Someone also mentioned this. I appreciate you saying this, for it will really stay with me now. Another red flag. Thanks again!

@Chad McMahan Thank you for the reply, but I want the answer NOW! NOW! :) "The simple answer is the most frustrating answer- which is that there can be a lot of reasons why something is on the market for a longer time." Definitely - there are too many variables. I would need to consult a team. REI is going to be a good challenge for me. I am used to being independent and doing lots of research on my own. After listening to the podcasts and guest speakers, I know that a team is best for me. It will be fun anyway working with professionals who all have a common goal. I want RE to be challenging, fun, not overly stressful, overcoming obstacles, and of course, a money maker for me. Yes again to what you have said - cash flowing nicely despite an issue with the house. I actually want to find tiny fixable issues that once fixed, adds more value to the property and brings up the equity. Opportunities waiting to be discovered...
Thank you for the warning. I know not to get my head down about those things when they happen. I have trained myself not to get my hopes up anyway. Being let down is not new to me! :)