Diane G.
If you are buying when unemployment is 4%, you are buying trouble
I googled the unemployment history of US, and here is the chart... Out of the past 65 years, maybe 10 saw unemployment at around 4%....All other 55 years were higher.... If you are buying RE in today's enviroment when...
Mathew Zorn
Is Section 8 Housing as bad as people say?
I have a rental home in zip code 23513 and wanted to know if it's worth switching the home to section eight? I understand that section eight makes those that qualify pay for a small portion of the rent and section eig...
Mindy Jensen
How Much Do You Have In Reserves?
We're learning the importance of reserve funds right now and in the coming months. In terms of months (I don't need to know your exact dollar amount) how much do you have in reserves?I'm talking every expense for your...
Duncan Forbes
Would like Suggestions on Foreclosure Buying
Hey Everyone!
Hope all is well. My name is Duncan Forbes, I am starting my real estate journey in Westchester NY. I am not necessarily that new in the Real Estate industry because I have a place in Tulum Mexico, Cond...
Melonie Dickson
Agent wants to waive inspection contingency. Yay or Nay?
Hi bp. Putting an offer in on a property that may be getting multiple offers. My agent wants to waive inspection contingency. This is my first time buying a property and going through these Steps. Is this common? Is t...
Mark Beekman
Operating Expenses Estimate Too High?
When I find a promising multi-unit rental property, I usually assume that 50% of the gross rents is what I'll have after operating expenses to pay my mortgage. The listing sheets have a breakdown of the operating expe...
Harry Williams
22 Showings with no offers. What do I need to do?
My first (stressful) flip :)The house is a 1,875sqft 4br/2ba with a front yard, back yard, carport, porch and back patio with built-in firepit. Comp average days on market is between 36-43 for this area of town.My hou...
Account Closed
Strategy for dealing with dues owed to an aggressive HOA?
Hello,I'm a new member of the forum, and I do have an issue with my HOA that I'd like to discuss. In this situation, I'm a homeowner, and I currently owe several years of HOA dues to the association. For various reaso...
Isiah Ferguson
Noooooo tenant is 10 days late on rent. What to do ???
Basically I've posted a late notice on a tenant door. It pretty much stated May 15, 2017 which is today is her deadline and 19th is when the court precedings will begin. I text you this am and reminded her of the late...
William George spear
Renting to non citizens
We are 2 years into rentals and are considering renting to a spanish couple that have been here over 20 years, have fin numbers and are gainfully employed. The husband has applied for a green card. the wife has not. W...