All Forum Posts by: Hersh Shah

 Lastly, depending on the loan you are using and your plans to occupy, you might not even be able to use that entire amount based on lending guidelines. Look into this with your lender before moving forward.

@Gurleen B. If the counter offer was for $544k, thats what the seller wants to net after concessions. You giving him $544k and then asking for $25k in closing costs is the same thing as a $519k offer for the seller. If you want to get the deal done, you may have to give and take a little depending on the competition for the property and how bad you want it.

If the numbers work for you, don't lose because of concessions that you don't even know if you will need. There will be an opportunity to inspect and see if there is anything that needs to be addressed (assuming you have a due diligence period).

As many have said in this thread already, it doesn't have to be binary. You can do both! You seem to good at trading, so take that active income and invest it to diversify. Some have mentioned how REI has 4 distinct ways of generating a return in comparison to only in stocks or specifically trading like you are doing. The most important reason to invest in real estate is because it is far more passive than 'trading'.

My family will be taken care of for generations to come without having to learn anything. Property managers will handle the properties while my dependents collect the cash while doing what they love and not having to 'learn' real estate.

Would you hire an attorney to represent you before they passed the BAR? Or a Doctor to perform surgery on you before graduating from Medical School? In both scenarios, getting your credentials doesn't make you qualified to handle the job unless you have previous on the job experience.

@Joanne Tsai,

In my humble opinion, a chainlink fence just doesn't do justice to most properties. A great wooden fence, while more expensive, will last a really long time and actually make the property look better. Most tenants appreciate the privacy and how it can make it more kid/pet friendly.

@Mercedes Williams,

This is typically because there are tenants in place and most investors don't want to share with the tenants that they are selling the property. Getting pictures and such will tip off the tenants.

 Hi @Vincent Donato,

Look into Hemlane. I haven't personally used the service, but have looked into it in the past. The idea is that their team does all of the not so fun stuff with management for a cost that is usually much cheaper than hiring a property manager. PM is usually the best way to go, but this is an alternate resource for those that need it.

@Sol Silverstein that is unfortunate.

All states are different when it comes to real estate licensing law. I suggest reaching out to the broker in charge and letting them know what happened. He may be liable either way but if he didn't get it to you now, it's gonna be a tough path forward. Broker may be able to help through E&O insurance.

@Sol Silverstein that is unfortunate.

All states are different when it comes to real estate licensing law. I suggest reaching out to the broker in charge and letting them know what happened. He may be liable either way but if he didn't get it to you now, it's gonna be a tough path forward. Broker may be able to help through E&O insurance.

An amendment should work fine. Double check local regulations though.