All Forum Posts by: Iris Y Tang

Alex, it looks that you are a real estate agent and a loan officer. I assume that the BRRRR loan your company lend out is different and I am interested in learning.

I am a long-term investor and I invest in multifamily rental properties.

Iris Y. Tang, REALTOR®, Green, PSA, e-PRO, SFR

https://youtube.com/user/Iris9800

I talked to local banks and they only offer fixed-rate commercial mortgages for 5 years even though the loan is 20 years, and they'll re-evaluate the market after 5 years to determine the new interest rate.

Is there a place where I can get a fixed-rate loan for 20 or 15 year?

Iris Y. Tang, REALTOR®, Green, PSA, e-PRO, SFR

https://youtube.com/user/Iris9800

WOW! Bidding war indeed!  Similar here in Western Massachusetts!

Also, Section 8 in MA (everywhere in the country?) might mean one of the 3 programs: 1. federal program, 2. the Massachusetts Rental Voucher Program (MRVP), 3. the Veterans Affairs Supportive Housing (VASH) program.  Do they operate the same way?

I looked at some old multi-family houses recently and to my surprise, quite a few of them have the knob and tube wiring. I am researching the cost range of replacing the knob and tube wiring system, and I would appreciate any advice from my neighbors.  
I attached a photo, see the knob on the left top corner and the fuse panels

Thanks, Darius.

I never met or talked to the seller since all the communications are through the listing agent. I am a relatively new realtor and I am representing myself. As I mentioned, the listing agent said she didn't know and neither her client (the seller) knows. I found this rule by reading the 63 pages of HOA rules updated in 2018.

You are right and I need to study the state rules more.  For now, the listing realtor asked me whether I want to back out this deal and I assume that they'll not cash my $500 deposit.  

My senior realtor friend told me that this is not a big issue for a seasoned real estate investor. He also said that it might create a lot of pain for a new investor like me since the HOA might harass me even though they may not be able to fine me legally.

I know that I need to do due diligence.  But the previous tenants just moved out and the current owner just cleaned the townhouse and I am the first viewer and I made an offer and got accepted.

I asked the current owner and the listing agent why they didn't share this information.  They said that they didn't know it, and the listing agent said that she sold a townhouse in the same complex and the buyer rented out right away...

Thank you! @Kaylee Pratt.  It's helpful

I am reading the first one.  Basic stuff.  Does the second book offer more than basic?

Thank you very much, Cassi.

Is there a way to find out who the tenants are and how long the tenants have been living there?