
18 June 2024 | 15 replies
Last I checked Redfin was charging 4% commission total to be split between buyer and seller agents before other fees.

18 June 2024 | 13 replies
The guest responded that because she was so busy during her week long stay she didn’t have time to report these and, “… would be greatly inconvenienced with potential solutions while we were there.”They then told us that they usually gives 5-stars on reviews (based on their 3 reviews) and that she would be giving us 1-star and requesting a refund of $1,000.My wife and I decided it was best to stick to our original response that we would have addressed their concerns during their stay.

18 June 2024 | 31 replies
So now I seem to be stuck with them testing it on their own and potentially having it blow up on me.

17 June 2024 | 11 replies
It sounds like your brokerage has already told you what they invest in, so you can decide if you want to use them or if you find that to be a conflict.If I am working with three buyers, each one of them knows that I represent others.

17 June 2024 | 4 replies
And correctly..you cannot co sign as a primary if it's occupied..2+ units can sometimes require larger down payment (as you've found) another option could be to access equity against another property..check in with @Joseph Chiofalo for potential lower down payment options..might be able to get to 15% down..Good luck!

17 June 2024 | 10 replies
Considering this, how would you be able to handle the potential objection of the bottom unit tenant complaining about AC/heating since it's likely that the main unit tenant will have access to the thermostat?

17 June 2024 | 4 replies
For preferred jumbo investor lending programs check in with @Joseph Chiofalo to help with baseline structuring and a Pre Approval vs PreQual which has helped several of my luxury buyers win competitive offerings.

17 June 2024 | 3 replies
The custom builders in the area are very competitive and are offering pretty inexpensive builds vs comps.If the lot was purchased recently for 20K and the turn-key cost to build is $200K, after I close on the house (bank said appraised value would be 220K), would a new buyer have problems with it getting appraised over $220K even with other comps selling for 300K+?

17 June 2024 | 4 replies
Brand new roof and each unit is good in terms of renovations. water heater from 2017. only concern is HVAC system is 14yr old, that’s the only potential cost that i see that could occur within the next 3-7yr.

17 June 2024 | 15 replies
From a cash flow perspective, you’d really need to think long and hard about the cost of leveraging these properties, especially in the current rate market.Yes a bigger purchase price might mean a greater potential of higher gross cash flow and appreciation, but that cash flow might get eroded fairly quickly if these moderate interest rates are here to stay.- REI CPA from CA