Five years after the Aliso blow out you can get a conventional loan.

He bought anyway,  and it went up in value way more than the safe suburb property his parents advocated.  

@Jeyo Punnakottil Ask for the EMD to be hold by a closing attorney or a title & escrow company. 1/ unfortunately that's a recurring problem in this industry, people spend a ton of money on advertising but don't pick up the phone when a lead calls in... it blow my mind every time I hear that. 2/ If she gets the full ask + a $5000 EMD why would she bother doing an open house? 

Geroux, an advocate for affordable housing, tried to talk the client to a lower amount, but he was not successful.

3) Which way are political winds blowing with STR's - read all local news articles, etc. 4) Follow City ordinances and pay your TOT (transient occupancy taxes).

@Jesse RasplerI'm not the biggest advocate for Zillow's services or leads but we have had a ton of success with them.We generally see a 6-9 month timeframe for most leads to be converted to signed clients.

It was when COVID-19 causes the market to crash.So this is what the people do when they don't blow their wad of cash on lame stocks, or blow their cash on lame real estate investments.

We were almost going blow the whole thing up but it took a full on zoom meeting between tenants sellers and realtor to pleed the case.

So, I'm essentially hitting them with a pretty big (although shouldn't be a shock) blow to their budget. 

But also, it is somewhat challenging to blow through a $50k profit, after buffering in contingencies on the rehab.