Jon S.
Lender requests a "Breakdown of Renovation Expenses"
How does one put together a breakdown of renovation expenses for a commercial bank loan application? Does anyone know a short and simple way to do this? I must be having a hard time seeing the forest through the trees...
Matthew Polce
Rhode Island lot/Land appraisal
I have 2 properties I bought together, one is a vacant lot that is .64 acres and the other is .47 acres but has a house on it that would need to be a complete tear down. Do I get it appraised with the building there o...
Chris Mason
Promised reduction in FHA mortgage insurance has been trumped.
Linky link.The Department of Housing and Urban Development announced it suspended the reduction of Mortgage Insurance Premiums, effective immediately.HUD sent out an announcement just an hour after President Trump was...
Jeffrey H.
Buying a Right of Way from the POA w/ a Quit Claim
Hi All,I am in the process of purchasing an abandoned Right of Way adjacent to my property from the POA. They do not want to pave it, and I said I would entertain the purchase and construction of a personal drive on ...
Tim Loughrist
Hidden Problems
I'm looking at a property that seems to be well under market value. There are a number of problems with it, the largest being a roof that needs to be replaced, but none of the problems account for how far under market...
Cory E.
Repossession/short sale question
I've been representing a client the last few months on a property that we've been trying to negotiate a short sale on with a mortgage servicing company. It's been about 3-4 months. The property has been off the marke...
William Petrisko
Questions for brokers, new agent looking for broker in Phoenix AZ
I am currently an investor in Phoenix AZ (I have purchased 3 multifamily properties and sold 1 in the past two years)
I recently passed all my exams and will be applying for my RE license.
At this time,...
Gabe G.
PA Broker wanting to Establish Brokerage In Ohio
Hello Everyone,I am currently a real estate broker in PA and I am considering opening a brokerage in Ohio. Can someone please tell me the requirements to do this?I'm wondering if there is a fast-track option or if I w...
Patrick H.
Quit Claim Deed Transfer Tax and Basis
The property is located in California.
I am filling out a quit claim deed for property that my brother and I have in joint tenancy. He will quit claim deed his portion to me.
1)
For the transfer tax calculation,...
Urvashi Vasishtha
Political results impact the real estate industry. Yes or No?
Had an interesting discussion in the Department Heads group today where our CEO who has done more than 3000+ transactions and has an industry experience of 20+ years opined on the possibility of the election results i...