All Forum Posts by: Tinah Canda

@Lynnette E. thank you for sharing your knowledge and experience. I will keep note of them. And God bless you for adopting a special needs baby, you help make the world a better place.

Thank you @Lynnette E. for sharing those projects. Love! You must have a good grasp of the styles and architecture of historical periods. Do you have a target percentage of ARV when evaluating properties to take on?

I see that you get them with very good discounts. What type of financing do you use to fund your projects? How did you find the essential members of your team? And do you do some of the work yourself?

@Lynnette E. those projects take talent and a lot of creativity. You must have done a great job! Would be great to see before and after pictures of your work.

Appreciate it @Lynnette E.. I agree, renovated historic properties have a certain charm to them and definitely has it's own niche to be profitable. And that being said, it also has different set of rules compared to non-historic properties, it seems. How do you make it work, with all the extra planning and expenses? 

Thank you @Jonathan Greene, this property is in a historic district, I have found. That would be challenging for beginners to catch on if realtors can miss it too. Buyers would be at a great disadvantage.

@Lynnette E., yes. From online sources and experienced investors, it's a violation against Fair Housing.  What you say makes sense however, by law in MA (not sure for other states), landlords have to delead or seek interim control when children are involved.

@Michael Plante, 55+ community is exempted from this law.

@Michael Plante, that would have been convenient if it was not against Fair Housing Laws.

@Caroline Gerardo

My contract does not say arbitration. Not really sure what happened, I just had a conversation with my loan officer over my concerns of the property, she told me that she did not issue a commitment letter and I should get my money back. But then the seller refused, so she went and spoke with lender, then they sent the denial letter.

She also said that usually the sellers return the earnest money deposit back. It was atypical that they refused, even more so when they called the lender and pressed me to close. I have confirmed this with other professionals in the area, this is out of the norm. Seller has to litigate to keep the earnest money deposit. 

Yes, I have stopped dealing with my realtor. Maybe I should go to the agent's broker, somebody else already suggested that. Unsure how and what to do, I did not count on having my own team go rogue on me and having to deal with all the mess on my own.

I got a new lawyer, he was disturbed because my own realtor had no intention of helping us. I agree, I seem to be missing something.

Thank you @Caroline Gerardo. It has 87% chance of having lead paint, positive for asbestos. It is strange then that seller chose not to disclose instead of making a big deal out of it and get higher price. Maybe, that goes for properties that have been renovated to some extent? Stranger still is that I am not the first buyer to back out.