Steven Quan
Profiting from sale of home- are profits same as cash?
27 December 2018 | 2 replies
For OO, if you lived there 2 out of the last 5 for instance, it's sold tax free.
Elizabeth Mccord
Bank missed closing and they want to charge me
27 December 2018 | 8 replies
Example if bank delays then 100 a day penalty is waived etc.If you signed something stating that for any reason past the 45 days there is a 100 a day penalty then that could be on you in that instance.
Stephen Witkowski
Why Do I Need A Real Estate Agent?
3 January 2019 | 87 replies
In those instances, Im operating more as a market maker as opposed to trying to get the best deal for my client.What I mentioned in the previous post was more geared towards the people who think by going straight through the listing agent, that they are going to get the property....that may in fact be true, but they simply dont realize that due to their naivety that they are screwing themselves over.
Michael Norris
Securing a house without legal right to the house
28 December 2018 | 7 replies
I have been mistaken in one instance about a lienholder's intent to abandon a property.
Jordan Deeney
Seasoning on Cash Out Refinance???
2 July 2020 | 9 replies
Hey everybody.So I have been trying to figure out the exact science on the cash out refinance that is involved in the famous brrrr strategy.At first, I was under the impression that yes, you can find banks (typically local banks/credit unions) that don't have a seasoning requirement for this process.
Matthew Martell
Collateral and Rehabs
27 December 2018 | 1 reply
For instance, If we borrow $100,000 to purchase the property, he can sell the property to immediately get his money back.
Christopher Lane
I am seriously LOST!
11 March 2019 | 133 replies
My Business Plans are so informative and it has calculations that cannot go wrong.For instance, let's say you are buying a property with a Mortgage of $1 Million (if that's too large, then just reduce it to something you think she will accept).If you are talking to a risk adverse partner, explaining to her that yes, you are adding debt to the Investment, BUT, it is a Fixed Rate Mortgage at 4.5% for 15 year!
Tyler Emerson
Can we Trust Zestimates?
5 January 2019 | 39 replies
With a median price of $550,000, that means that they're within a $55,000 margin of error - EXCEPT for the 20.7% of instances where their error is MORE than $55,000.That is a truly useless number.They now say that they don't have enough info for my home, but previously had a Zestimate of $280,000.
Stephen R.
CT Sales and Use Tax
28 December 2018 | 0 replies
I am also a licensed real estate agent.I have read through the DRS website regarding the services which are subject to Sales and Use tax, and the information by industry type, (none of which include real estate) and can't think of any instance in which I would be subject to tax.