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13 May 2022 | 10 replies
I see a lot of realtors in my area list a property as "multi family" when in fact it should be : "SFH + ADU" … I also see a lot saying, SFR + ADU when the it is obvious the conversion of the garage was not done with permits and therefore it should read (SFR + un-permitted garage conversion) etc A lot of Realtors would or could get into legal trouble for doing this and you may or may not have recourse with "E and O" error and omission insurance with your realtor or the listing agent or even against the seller.
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18 May 2022 | 7 replies
They should at a minimum be able to tell you the loan is amortized over X number of years, if there is an initial interest only period (known as I/O) and then when that rate reset timeframe is, usually around the time your I/O period ends, or within the first few years of the loan origination.
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17 May 2022 | 60 replies
The deal can definitely be closed w/o you signing the buyer agency, its just that “your” agent would actually be working as a sub-agent of the seller.
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2 June 2022 | 2 replies
I closed my o/o triplex but it took 2.5 years from initial home buyers workshop to final draw payment on my renovation.
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6 June 2022 | 2 replies
Try Rent-o-meter and apartments.com for rents.
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11 May 2022 | 3 replies
@Hassan O. here's the link below.
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11 May 2022 | 1 reply
Noticing an increase in listings that say 'back on market'. What's going on? 🤔
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16 May 2022 | 10 replies
If you do go to court, you'll file against them too and no matter what that will increase their E&O so they'll have more of an incentive to put this to bed quickly than the seller.
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28 May 2022 | 24 replies
Then I'd go get a J-o-b doing something I liked.
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2 August 2022 | 2 replies
Background info:5 units (efficiency/1BD) MFH with below market rent (~10-15% below market) at a reasonable asking price on market in 10/211st buyer under contract never had legitimate documented tax return income (crooked agent was representing both seller/buyer), so deal was off.Seller and I signed Bill of Sell/Agreement for $315k on 2/10/22 with no mortgage contingency but with inspection contingency to be closed on 3/28/2022Inspections revealed plenty of things needed addressed (roof, gutters) and we agreed on final transaction price of $305k with closing on 4/20/2022 (new BOS addendum, etc)Seller's agent (the crooked one) told me and my agent that the U&O was "clean" in 2/2022, but when the seller herself tried to get township to issue new U&O in 3/2022 in order for house to be sold, turned out the U&O wasn't so clean and required: sidewalks, driveway, some electrical stuff to be done prior to transfer of new owner.In the mean time, the mortgage market skyrocketed and I was fortunate enough to be able to borrow money from family member (at 4% interests at 5yrs) to buy the multi-unit outright with cash at $305k.As recent as mid-April (approaching our revised closing on 4/20/22) the seller was in direct communications with my agent (her initiating the contacts since 2/2022) and updated him that she was trying to get contractors to do all the required U&O work done (we know how hard it is to get good help now).