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All Forum Posts by: Chris Pasternak

Chris Pasternak has started 29 posts and replied 347 times.

Post: Should I use my VA home loan to invest while living at home?

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

You should move out of your in-laws.  You have a job, you apparently qualify for a mortgage, no debt and cash.  The question is should you rent or buy not if you should commit fraud so you can continue to mooch off of your in-laws.  

Post: Military housing, living out of state.

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

Yes and lest not forget if a capex item hits plus general maintenance that no one tracks but is an expense and TIME

Post: Military housing, living out of state.

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

First thing to do is check with lender on guidelines for military to ensure they'll lend to you with only 2.5 years of guaranteed employment -- someone local, someone other than USAA with the guy 100 miles away getting paid a salary to do the job regardless of performance. I ran into this personally a decade ago when trying to buy my first property but I had less time left.

I recommend only buying a house if you're planning on staying 3+ years. Why? Let's say this property sucks for whatever reason and you need to sell it in less than 3 years. You'll get clobbered on the front end with closing costs (even more than typical assuming you're going 0 down with the VA loan you'll get hit with the funding fee) and you'll get clobbered on the back end with closing costs and if your market shifts in the meantime, you'll bring cash to closing to rid of the "investment". Now you might think it's not possible but it is. It's called risk - something the calculator doesn't quantify.

Post: New agent here! Advice/help

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

Hey just out of curiosity are you obligated to work with any real estate agents?  I'd love to help you find your home.  I am ready and available to assist.

Might be a good place to start.

Post: Best part time entry level job for RE

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

Cold call or drop-by on property managers, real estate brokerages, large investment companies, title companies, local lenders and ask what kind of help they might need at their office.

If you like to be on social platforms you could probably get a job creating content for one of the above.

I would put more weight on experience gained from the job than pay.  For example, I would suggest working for a team or single agent than the front desk of a brokerage.  Just listening and being a part of the sales process will help you tremendously.  

Learning sales will only help you even if you end up hating real estate.

Post: Pueblo CO neighbourhoods

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

Good to go. Yes I am a Realtor 

Post: Pueblo CO neighbourhoods

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

It's a poisoning of the dirt and potentially the property interior by lead and arsenic from the steel mill hayday.  Government will clean it up.  Google search: superfund Pueblo CO.

https://cumulis.epa.gov/supercpad/cursites/csitinfo.cfm?id=0802700

Post: RE Agents - how is lack of inventory affecting your income?

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

Pareto principle applies as always. 80% agents do 20% of the deals. 20% of the agents do 80% of the deals.  Some drop out of the top 20% but it's quickly filled.

Post: Pueblo CO neighbourhoods

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

Hi Ngozi, make sure the dirt and building are clean as that sounds like Superfund area.  Be sure to check zoning to ensure 4th unit is legal.  Good luck!

Post: What are your thoughts on this deal?

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

@Delbert Standifer keep it simple my friend : )