Jeff Halverson
For Sale By Owner - Large Buyer Agent Commission
5 April 2020 | 6 replies
This is a great question to ask and I hope I can add some value here -- Based off of statics (something like 87% of home sales have at least one agent in the transaction), I would anticipate offering a higher-than-normal buyer-side commission being a more effective strategy than offering a 4% lower price predicated on the buyer not using an agent.
Holly Brown
Small Win's Keep Us Going
15 April 2020 | 7 replies
I normally don't post my deals but I figured it would be a positive post in the current sea of negative.Negotiated down payment was $19,200 all in for closing.
Ian Rowland
Current real estate market
12 May 2020 | 17 replies
China is having a hard time getting back to normal.
Marcele Johnson
Getting a 203k for brrrr
4 April 2020 | 6 replies
@Marcele Johnson there are two things to address here: A 2nd FHA loan and the BRRRR method.2nd FHA Loan - now, FHA does allow you to have 2 FHA loans at once but there needs to be a reason according their own guidelines.You need to have a job transfer outside of your normal commuting area - usually 100 miles away or furtherYou need to have outgrown your current home.
Serhii Aksiutin
1st rental reduction requests - how to react?
4 April 2020 | 12 replies
If you're considering a discount, I would tell them that you'll assess the entirety of the situation once normal operations resume.
Tyson Davis
Putting full lease's rent down as security deposit
7 April 2020 | 1 reply
I normally ask for a security deposit equal to one month's rent, 1.5x is the max allowed by law where I am and I would increase the deposit to the max IF the prospective tenant had a score above 500 and was working to improve their score and the rest of their history looked ok.Given the current environment with COVID -19, they may be very willing to help you out just to get a paying tenant into a vacant rental.Hope that helps,Kelly
Sue C.
45 day security deposit return and stay-at-home order
3 April 2020 | 3 replies
I would send the tenant a letter advising them that the deposit would be held until normal operations are able to resume or until you can get someone in there to repair the damage they caused.
Ben McMahon
Is this the end of the Traditional Real Estate Agent Era?
12 April 2020 | 76 replies
But life will get back to normal and we will all be having “do you remember when _____” conversations.
Kris Russell
Are new renters still looking During Covid outbreak
14 April 2020 | 4 replies
Verify income as you normally would, run their background/credit and talk to their last two landlords.
Tyler Hayes
First time rental property in San Diego
23 February 2021 | 18 replies
During normal times (the virus is not normal times), I would think 5% long term appreciation is not aggressive, but I would choose more conservative of 3% or 3.5% in my projections.