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All Forum Posts by: Veronica Mitchell

Veronica Mitchell has started 5 posts and replied 9 times.

Hello everyone,

As the title says, we are 3 weeks away from closing and we are in a big dilemma. For background information, I'm a W-2 contract employee who makes 80k+ a year and I have been working at this job since January of this year. We went through a local company for an FHA loan and were approved. At this point, we are three weeks away from closing on our first house (August 22nd). We did the appraisal, we got the lawyer, and everything was set. We spent money on the inspector, the appraiser, and the lawyer. Yesterday, my lender texted me and said that my job won't list me as a permanent employee when she ALREADY knew my situation and knew that I was a contract worker. She didn't bother to disclose this to me initially; now we are deep in the process. I'm not sure what to do in this situation, whether to drop the deal and lose my earnest money or try to find another lender. Any guidance/ tips on how to proceed would be very appreciated. Thanks.

Post: Nightmare Surprise Before Closing

Veronica MitchellPosted
  • Posts 10
  • Votes 10

Hello everyone, 

As the title says, we are 3 weeks away from closing and we are in a big dilemma. For background information, I'm a W-2 contract employee who makes 80k+ a year and I have been working at this job since January of this year. We went through a local company for an FHA loan and were approved. At this point, we are three weeks away from closing on our first house (August 22nd). We did the appraisal, got the lawyer, and everything was set. We spent money on the inspector, the appraiser, and the lawyer. Yesterday, my lender texted me and said that my job won't list me as a permanent employee when she ALREADY knew my situation and knew that I was a contract worker. She didn't bother to disclose this to me initially; now we are deep in the process. I'm not sure what to do in this situation, whether to drop the deal and lose my earnest money or try to find another lender. Any guidance/ tips on how to proceed would be very appreciated. Thanks.

Post: WHAT IS THE BEST STATE TO BUY A THREE PLEX

Veronica MitchellPosted
  • Posts 10
  • Votes 10

I'm looking to invest in a three plex which would be the best state in regards to  Job growth, landlord friendly, etc. Thanks

I'm looking for a Certified Probate Real Estate Agent in Harris County, Texas with experience. Thanks!

Quote from @John Hu:

whatever you do.. stay away from Jefferson Park... especially areas south of the blue line... I don't need to compete against other investors in my stomping grounds... lol


 LOL, come on there is room for every investor....

Quote from @Daniel Gorman:

Make sure you do your math correctly when analyzing property taxes…they will be eye opening. Best of luck.  


 YES! that's a huge concern of mines now

Quote from @Eudith Vacio:

LOL @John Hu 

Hey @Veronica Mitchell - there are many great neighborhoods to invest in Chicago. Are you looking to live in one unit and rent the others?  What are you looking to do? Most of my investments are on the south side of Chicago. 


 Yes, I'm looking at 4 plex units renting the three and living in the other intersted in the more up and coming areas. I'm interested to know because you invest in the southside what do you see as the perks in the future investment there?

I'm looking to see what are some of the multi-unit in and around Chicago area to buy in?

Well in all honesty I never would have thought to become an Investor and even the word "INVESTOR" I'm still not comfortable in using but getting there . I think me being a single parent, working full-time parent I felt it was time to buy a condo but then started to educate myself and participated in different forums and that's when it kinda took off, like I can buy a multi-family unit "WHAT". I started to listen to podcast, join different forums, educate myself on real estate investment meanings and terminology. I am one of those people who feel that information is free we live in a time where we can google, Youtube, join on-line free virtual events I don't think I would pay for any education/information unless there is something of value that would add to what I'm learning. I created my LLC, Website, etc. In looking at some of the comments on this post pretty interesting I don't want to focus on I'm a women and an investor but a person who happens to be a women building generational wealth.