All Forum Posts by: James Kim

 @Caroline Gerardo thanks for your feedback. When I did comparisons of builder lender to non builder lender it became obvious to me that the builder lender rates were higher or "inflated" and any "credit" appeared to be a false benefit where since the rate was inflated the credit was lost in getting their rates down. In the end the builder lenders terms were worse than a non builder terms. To the unknowing I feel like they might think it's a great deal without really looking into the details. Learning lesson, I ended up backing out of the deal.

James

 @Justin Brickman - appreciate the response. I went in knowing i'll get builder credit capped at 2% but the builder is telling me that's not coming from them, it's coming from the lender. That made no sense to me because i would think the 2% shouldn't apply then.

Hello,

thank you in advance for your responses. My question is whether the 2% cap on seller credit applies to credits (rate buy down cost, closing costs etc) only applies when the credit is coming from the seller?

Does it make any difference if those costs are covered by the lender? 

I don't know how the 2% cap works in terms of "who" is the one "paying" for those costs.

I have a situation where a seller credit of 2% cap is being applied but the builder (new construction) is telling me the credit comes from the lender, not the builder. So I was curious.

Thank you!

James

 @Alejandro B Yoon - Thanks for your feedback, much appreciated!

@Henry T.

@Theresa Harris

@Matthew Paul

Thank you for your feedback. I think i know what my answer is, just wanted to bounce it off people and it definitely bounced back hard.

Thanks

James

 lol~

Hi,

First time getting a request like this, but I have a SFH that was built in 2021/2022 (closed in Feb 2022). It has a backyard fence, though I'm not sure exactly what type of wood the fence is made of as it came with the new house. The current tenant is the second tenant at the house and they reached out asking if they could get a rent credit if they stained the fence. Without going into whether the fence needs to be stained (I understand it depends on numerous factors to be considered), why would I not just call a professional to stain the fence if staining was needed? Is there anyone that thinks it's a good idea to have the tenant do work to the property for a rent credit? Also, how does one determine how much credit to give?

Thank you in advance!

James

@Stuart Grazier

I've invested in Greenville but my contact has expired with my agent.  Would you mind sharing your agent in Greenville? Mine was from DFW.

thanks!

James

Hi,

I'm curious if and how successful you have been challenging your 2023 property tax appraisal with your local county for the 2023 appraisal? It was my first time doing it myself and I was able to get mine lowered from $251,440 to $236,210. Mine was a 2021 new build SFH. It was more than i was hoping for so am happy, but at the same time not sure if I'm happy over too little and wanted to gauge what people are getting.

Thanks!

James

 @Theresa Harris - Thank you~ yes, i was looking into 'french drains' in the back and front yard where the flooding problems occured, not sure if they are the appropriate 'fix' for my situation but i will be talking to my pm to get their thoughts too.

Thank you!

James