All Forum Posts by: Eric C.

Eric C. has started 13 posts and replied 197 times.

Because they can. People will pay it.

1 Vote

The property is not approved for section 8.

9 Votes

Find a different lender.

0 Votes

Keep it forever! If you sell and it keeps going up at even a modest rate, you will kick yourself repeatedly.

1 Vote

Do FSBO but partner with a real estate attorney or good title agency to make sure the sale is done properly.

4 Votes

Speak to a different lender. If you have history with renting one side, you can be credited with rent potential on the other.

0 Votes

I am purchasing a property without realtors involved and am looking for recommendations for an attorney or title company to assist with the transaction and purchase agreement. Any suggestions?

1 Vote

Originally posted by @Brian Washburn:

I am a new investor in the Omaha, NE area with my eye on a 3BR 2BA in midtown. Numbers all look good, but being my first purchase I want to have an inspection done to make sure I'm not buying a money pit (home was built in the 1930's). We submitted an offer contingent on inspection and the seller rejected it, saying we can get an inspection, but the home is being sold "as-is" with no repairs covered. The house has been on the market for ~4 months and had 3 price reductions, which is a real red flag considering homes in this price range are selling in 24-48 hours.

This makes me feel like the seller knows there are major issues with the house, and wants me to buy without inspecting. I am at a crossroads. Do I pay the $3-400 for an inspection before making a counteroffer, or move on and keep looking for other properties?

Experienced investors, I need your advice!

You should definitely get an inspection. Even if the seller is selling as is, you want the info to make a better buying decision.

0 Votes

Originally posted by @Ellie Narie:

If the girlfriend plans to keep her income high, it would be fine then, right? As long as she plans to keep her job working for the boyfriend and plans to keep her income high.

It sounds like she(you) has(have) made her(your) decision so just try it and see what happens. Worst case scenario, She(you) gets(get) time in prison and a felony on her(your) record. Best case scenario, she(you) has(have) to wait another year to purchase a property. Do a simple risk/reward equation and see what it says.

5 Votes

Originally posted by @Teri Feeney Styers:

@Daniel Bennison I always say I'm a flipper and a Realtor. You never know who you may be connecting with!

I will be back out in GJ in a couple weeks and want to connect. Will be acquiring another property or two before the end of summer at the latest.

0 Votes

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All Forum Posts by: Eric C.

Eric C. has started 13 posts and replied 197 times.

Post: Why is Craigslist doing this?

Post: How do I legally reject section 8?

Post: Good reasons to give lender for another 5% loan

Post: Hold or Sell Condos in Denver?

Post: FSBO or utilize real estate agent to sell property?

Post: Lease agreement with closing contingency

Post: Real Estate Attorney in Longmont Colorado

Post: First Investment: Pursue or Pass?

Post: Is it considered mortgage fraud if you manipulate income?

Post: Telling people what I do for a living