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All Forum Posts by: Jeffery Callis

Jeffery Callis has started 3 posts and replied 50 times.

Post: Most real investors should not buy from realtors....

Jeffery CallisPosted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 51
  • Votes 40

@Jorge Vazquez

Perk of having a real estate license. No reason to work with a realtor. Unless you just donโ€™t have the time. Then a realtor is probably a good idea. ๐Ÿ˜†

Post: When Will The RE Market Crash?

Jeffery CallisPosted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 51
  • Votes 40

@Marcus Auerbach

Are you claiming that big banks for not buying property with PPP money?

Why wouldnโ€™t they hedge the RE market when they are receiving billions in paycheck protection program money?

Post: When Will The RE Market Crash?

Jeffery CallisPosted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 51
  • Votes 40

@Moises R Cosme

1. Imo we are going to see a crash.๐Ÿ’ฅ

2.Housing market is being propped up by the paycheck protection program which for banks was corporate welfare. So they are spending 75% of the PPP money on buying property. As long they spend it on โ€œbusiness needsโ€ it doesnโ€™t matter. Which is why we are still seeing a rise in value. Some would call in manipulating the market.

Post: The down end on becoming a Realtor

Jeffery CallisPosted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 51
  • Votes 40

@Tameika Craig

๐Ÿ™Œ๐Ÿผ๐Ÿ™Œ๐Ÿผ๐Ÿ™Œ๐Ÿผ๐Ÿ™Œ๐Ÿผ

Do it!

Iโ€™m right there with you! (Getting my license in Jan)

1. MLS access is priceless

2. Writing offers whenever you want is priceless

3. A little commission on buying properties doesnโ€™t hurt either ๐Ÿ˜‚

Good luck fam ๐Ÿ’ช๐Ÿผ๐Ÿ’ช๐Ÿผ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ

Post: 22yr Old First Real Estate Investment: House Hacking In Dallas TX

Jeffery CallisPosted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 51
  • Votes 40

@Mario Bolivar

1. Have you talked to a local real estate agent to give you guidance?

2. If you are thinking โ€œbigโ€ already. Hiring a CPA can definitely help you get creative with how you CAN buy what you want.

3. Good luck ๐Ÿ€

Post: House Hacking - Duplex or triplex?

Jeffery CallisPosted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 51
  • Votes 40

@Wendell Butler

Thought it was worth a thought if since you were planning on going 0 down on the next property. ๐Ÿ™Œ๐Ÿผ

Thanks for the reply. ๐Ÿ‡บ๐Ÿ‡ธ

Post: When Will The RE Market Crash?

Jeffery CallisPosted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 51
  • Votes 40

@Moises R Cosme

1. Federal reserve holdings are at all time highs.

2. Banks are on corporate welfare

3. RE prices are at all time highs

4. Foreclosures on the rise

5. Without 1.8 trillion cares act and the 4+ trillion Fed reserve spending we would be experiencing a REAL RECESSION.

Link for fed reserve holdings. https://fred.stlouisfed.org/series/TREAST

Post: House Hacking - Duplex or triplex?

Jeffery CallisPosted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 51
  • Votes 40

@Wendell Butler

1. Why sell the condo at all? If you have a lot of equity in the condo. Can you not put a tenant in your place with your room mate so you can maintain the condo to your net worth? Plus if you ever need a line of credit for future projects the condo would be easy to tap into.

2. Stretch for the triplex! VA loans have so much to offer.

3. GL with acquisition fam. ๐Ÿ‡บ๐Ÿ‡ธ

Post: Will Covid kill Cash?

Jeffery CallisPosted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 51
  • Votes 40

@Lesley Resnick

As long as we have a federal reserve are with holdings of 7 trillion. Dolla dolla bills are not goin anywhere.

They will continue to print money into oblivion.

Post: Rezoning a commercial build to residential use

Jeffery CallisPosted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 51
  • Votes 40

Hey friends!

I am wanting purchase a building that is currently zoned commercial.

5100 sqft - split as 3 1700 sqft bays.

I am wanting to rezone this building for residential use and split the 3 bays into 6 units.

What do I need to do to get this building rezoned?

Thanks friends for any feedback/help! ๐Ÿ™Œ๐Ÿผ๐Ÿ™Œ๐Ÿผ

-Jeffery