All Forum Posts by: NA Jones

I just got my license although not in MA.  When it was all said and done, I paid $2500 to get started and it took nearly 80 hours of online class, 10 hours of exam taking, and so far already 8 hours of orientation, training, and classes and I've got alot more training to do.  The brokerage I went with accepts part timers, but it's not easy.  Also two brokerages before that told me no, they want full time agents only.  

It's not easy or cheap but there are alot of benefits.  

I would use the train as a negotiating tool.  Bear in mind when you go to resell, it'll likely sit on the market for quite some time and your future buyer will also use the train as a negotiating tool.  Factor that into your purchase price.

As a mother, I wouldn't think twice about renting a place with a fenced in backyard by the railroad tracks providing it was in the school district I wanted and I liked the house.  I would never purchase a place that close to the tracks though.  

Get with an agent and have them set up alerts for you.  It will take less than 10 minutes of their time and you will get listings 24-48 hours before the general public (aka zillow, loopnet, trulia, etc..) catches wind.  You then have a very small timeframe in which your competition is mostly other savvy investors who also have an agent set up alerts.

Regarding him coming back and setting up camp, you leveled the shed, right?  There's nothing he can re-squat in?

Congratulations on your success!

I'm trying to imagine myself enjoying a life where I live in a shed, I poop in a bucket, and I pleasure myself all day long in between time spent educating myself on how to keep on doing it all at the expense of someone else.  

I just.. can't.

1000 of what exactly? ;)

A quick google search results that the property can't be sold for less than 5% of the appraised value without the permission of the secretary and they wont even counter for anything less than list price as determined by an FHA appraiser.

Doubt there's a scenario where those conditions would end in a profitable wholesale deal.

 What did you do in this house?  Was this where you hid the bodies?

@Derald Everhart Your links are helpful to all of us MD'ers, not just David!  Thank you for sharing :) 

I feel compelled to share this story with someone and I figured you guys might get a kick out of this.

A colleague (non REI) came to me today to say hello, and - making idle chit chat - I asked him how the purchase of his house is going. From the details I've gathered, he's under contract for a fixer-upper foreclosure - trying to finance it as an OO through FHA so you can imagine the kind of nightmare of a time he's had. (I don't know what he or his agent was thinking, but I digress...)

His bank required a few repairs be made, but of course being a foreclosure, the seller won't make them.  Allegedly, someone told him they'd turn a blind eye to him making the repairs.  So he went over to the property over the weekend, fixed some soffit, hung a door, and to remediate a structural issue with the shed

HE BURNED THE SHED TO THE GROUND.

I'm at a loss for words.  So many things wrong with this - starting with trespassing and ending with arson.  Icing on the cake is he's spent all day telling coworkers about the "bonfire" he had at "his" place this weekend.