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4 March 2024 | 71 replies
Not very kosher and probably against escrow rules, but certainly stupid.All that because they fear Due on Sale and scrutiny.
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29 February 2024 | 4 replies
We brought this up to the agents attention and quickly dismiss it saying the sellers won’t accept to create a hole on the attic, that the house is buy as it is (this was never in the terms to begin with) We offered to pay for the handy man to close the hole afterwards too & nothing. mind you, it’s not a cheap home, it’s not for closure home, seems to be in decent conditions.
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29 February 2024 | 6 replies
This creates a stalemate as buyers are forced to make a decision on whether or not they want to change their approach on how they evaluate multifamily.
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1 March 2024 | 21 replies
I'm looking at this from the eyes of a DSCR lender, the 1% rule isn't close at all if the rent is $1350.
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29 February 2024 | 4 replies
You will want to change it to a landlord policy.Read your local landlord/tenant rules to make sure you cover things the state expects rentals to have.
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28 February 2024 | 4 replies
Background:In the Class Action Complaint (linked below) the Judge accused the NAR of fixing prices and states, "For decades, home buyers across America have been unwittingly paying too much for, and receiving too little from, services offered to them by real estate agent members of NAR.Despite agent representations (which NAR permits and encourages) that such services do not cost home buyers anything, home buyers in fact pay a hefty cost for these services—namely, supracompetitive commissions at levels fixed by the Defendants, which in turn lead to higher home prices paid by buyers...as part of their membership, brokers must also agree to follow NAR’s rules, practices, and guidelines.
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1 March 2024 | 140 replies
Also, you can use "rule of thumb," for lack of better term, percentages but they don't always apply to your local market.
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1 March 2024 | 9 replies
I would love to hear from everyone else on what their thoughts are on creating a win-win.
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1 March 2024 | 39 replies
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