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Results (10,000+)
Derek C. New Real Estate Business - Seeking Advice
26 June 2020 | 9 replies
You cant plan for every possible scenario but you can cover some of the ones that are most likely to occur.
Jerrad Shepherd Realtor gave personal info out
24 June 2020 | 35 replies
It’s to easy to permanently harm a person these days IMO.
Lloyd Segal Economic Update (June 22, 2020)
2 July 2020 | 3 replies
Existing-home sales occurred at a seasonally-adjusted annual pace of 3.91million, the National Association of Realtors reported today.
Ed Walston Recommended books to read for a beginner
23 June 2020 | 15 replies
I think it just makes more sense to read a book (or take a class) that accomplishes both.That said, reading a Geometry book will do no harm.
Jared Schofield 203k loan Financing
26 June 2020 | 4 replies
203k Benefits to Buyers/Borrowers (not all inclusive) Renovate home with little/no additional out-of-pocket expenseLow down payment (3.5%)Combine purchase/refinance + rehab funds into one low-interest, tax-deductible mortgage which is based on the improved appraised valueInclude mortgage payments into 203k if home is not livable during renovationsSubmit a strong purchase offer if presented properly to sellerBuyers face less competition from other buyers to purchase fixer-uppers, foreclosures or older homes that are outdatedBetter opportunities for "good deals" on home purchasesAbility to purchase properties that may not meet FHA standards and complete the repairs/improvements AFTER the home is purchased.Select from a larger selection of properties for sale (in any condition), including condos, townhouses, mixed-us, multi-family, single-family dwellings and those that do not currently meet FHA standardsWhen offer is presented properly to seller, 203k offers may be advantageous in a competing offer situation as the seller does not have to fix-up or repair the property but instead allow the buyer to include these items into their 203k mortgage and complete the improvements after closing using the buyer's own style and design.203k Benefits to Home Owners & Sellers (not all inclusive)Market property to more buyersAllow buyers the opportunity to renovate, upgrade or improve to suit their tastes and preferencesNo need to settle for low-ball cash offersCurrent condition of property not required to meet FHA's property standardsBuyer is permitted to correct any property deficiencies after close of escrowNo more inspection concernsAbsolutely no repairs are required prior to close of escrowSeller not responsible for cost of repairs/improvementsTransaction will close with property in "AS-IS conditionClosing occurs in 45 days203k Benefits to Realtors® & Lenders (not all inclusive)Increase income by selling more homes and originating more loansRaise real estate values by improving homes and neighborhoodsDecrease foreclosure inventoryHelp buyers who previously could not buy homesHelp seller/owners with properties in outdated or fix-up conditionSpur economic growth by creating job opportunities for the construction/remodeling industryPromote an under-utilized niche program that not many Realtors® or Lenders understandRevitalize your community203k Disadvantages (not all inclusive) upfont MIPMI for life of loanSupplemental origination feeInspection feesTitle update feesmore complexmore moving partshigher interest ratepossible longer closing timeBut working with the right 203k Lender, a contractor with education/experience with the 203k, such as a Certified 203k Contractor, the benefits can definitely outweigh the disadvantages.
Ramon Sorto Using a 203K loan. Pros & Cons/Advice and tips
26 June 2020 | 5 replies
The lender is financing the property in an as-improved state, so you need to provide detailed information about the work to be done before you can order an appraisal.Closing generally occurs 30 to 40 days after the appraisal is ordered.So plan on hustling early on to find a contractor, make decisions about the work to be done and get the contractor working on a detailed bid.
Christina Fleck Newer Home = Quick Flip
23 June 2020 | 1 reply
The rehab and sale occurred during the winter months.
Michael A. I'm Not Renewing a Lease - What if Tenant Refuses to Leave?
23 June 2020 | 4 replies
Likely you will lose more money by trying to evict him as eviction might not occur until next year.   
Anand S. Second Wave Starting
24 July 2020 | 41 replies
I'll post it from your source to save you the effort:"Arizona reported another 79 deaths from COVID-19 on Wednesday, with 1,795 new cases, a drop from Tuesday's 3,591 reported cases.The state also reached a new high for hospitalizations Tuesday, according to the update provided by the Arizona Department of Health Services Wednesday morning.The 79 deaths, while included in Wednesday's report, did not all occur in the past day.
Igor Nastaskin Fourplexed leased to drug rehab business - good idea?
23 March 2021 | 6 replies
I’m not going to argue which side is better, but a problem can occur if the state is 50-50.