All Forum Posts by: Dorothy Wulf

Hi Doug,

Your direct competition is 11225 S Whipple which Sold for $235K, but this property is on a 60 foot wide lot. I would recommend changing out the square footage and include the basement as total living area because you took the time to finish the basement and add another bathroom. You cannot include it as Gross Living Area but you can mention Total Living Area is over 2000 square feet. You may want to consider virtually staging it. I have a girl who can do that for you for a nominal fee.

Your water bill should include garbage and sewer on there as well.

Hi Karen,

Real Estate Brokers represent the seller in selling or buying. You definitely want a real estate broker who specializes in the area and does Commercial real estate. A mortgage broker will help the buyer purchase the land and will provide the buyer financing.

Hi Rox,

Which websites are you finding this information?

Welcome Bruce to BP!

Good luck!

I worked for Chase bank for 14 years and would recommend taking a draw as a safety net for cash on hand. At any point a bank can freeze your credit line and then you won't have access to the cash, so I would recommend taking a draw, depositing it into your checking account and then pay it back to help build your credit.

Good morning Robert

I have many clients that have purchased condos as their first flip, so I will advise when flipping a condo is that you not only look at the purchase price, but the association dues, rules and regs of the building, special assessments(for resale purposes and bottom resale number to you). Also, have a 2nd exit strategy in place(such as renting it out if you cannot sell it).

Let me know if you have further questions.

Take care,

Dorothy

Welcome Jonathan!

I am Realtor for 10 years and work with many buyers who buy investment properties. Are you planning on living in the property, such as a multi-unit for an investment property? If so, FHA will be a great loan product because it requires little money down and it will need to be your primary residence. If you are looking for a condo downtown and you do not plan on living there then a conventional loan will be the way to go. Many condos downtown are not FHA approved. I can definitely explain in more detail, as I would need to understand a little more about what you are looking for. We do criminal and credit background checks on all applicants.

Welcome Steve!