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All Forum Posts by: Craig McGowan

Craig McGowan has started 1 posts and replied 4 times.

Nice job! Could you share some of your biggest problems / pain points that you felt from being relatively hands-off?

Post: Suicide Discount

Craig McGowanPosted
  • New York , NY
  • Posts 4
  • Votes 1

Check what the laws are in your state concerning stigmatized properties. Many states (New York for example) don't require the disclosure of stigmatized properties, even if a potential buyer requests information about it.

If you live in a non-disclosure state, you can use the suicide as leverage for a lower purchase price from the seller since they already disclosed it to you. When it comes time for you to sell it, since no disclosure is required the suicide won't lower your asking price.

Once you get it under contract, make sure you confirm proper procedure was followed following the suicide (she will have documentation if this is the case). Many states require a certified bio-hazard team to come and clean up if it was a suicide with bodily fluids involved,(blood from gun shot, cutting etc.) though if it was a hanging or OD a bio-hazard team is generally not required. Bio-hazard teams are expensive so you don't want that cost eating into your potential profit.

Good luck!

Post: Just Starting in Santa Barbara, CA

Craig McGowanPosted
  • New York , NY
  • Posts 4
  • Votes 1

Thanks for the warm welcome and good info James! I've picked an online school and am plugging away at the classes. If you don't mind me asking, which branch did you serve in?

Post: Just Starting in Santa Barbara, CA

Craig McGowanPosted
  • New York , NY
  • Posts 4
  • Votes 1

Hello everyone! While finishing up my education at beautiful UCLA, I've recently decided follow my family's footsteps and dive into the world of real estate. With both my father and grandfather having long real estate careers here, I am hoping to learn from their experience as well as tap into the vast knowledge of you all here on biggerpockets to aid me in my journey. My immediate goals are to learn as much as possible while building up some capital of my own, and my 10-15 year goal is to create a passive income through multiple real estate investments.

Now for my first question! Do you all feel there is any advantage to taking an in-person real estate course to get my license as opposed to an online course? From what I've gathered it appears the best advice is to simply get your salesperson license either way then start getting experience. Thanks in advance for your responses! I'll be sure to check this thread in later today.

-Craig M.