All Forum Posts by: Jocelyn Canfield

I am probably going to sound naive here, but I have thought about becoming a RE agent so I can handle my own showings and deals. (don't want to lose deals due to slow agent response due to THEIR schedule.) I talked to one brokerage and I simply am not interested in having a job with a boss and sales meetings/quotas. I already have a part time marketing communications business (Self employed so flexible) and part time real estate investing business.

What is the disadvantage to a broker taking on someone like myself for only a handful of deals a year? And would anyone be interested in that relationship? 

part of the issue here was getting the face to face. I am 45 minutes from the house, and our work schedules were clashing. getting cash and getting initials just wasn't happening this time. we were going to meet to sign everything, but this happened before that. That's why I suggested them paying via paypal, which I have never used before. I wanted them to feel locked in. didn't work. But the collective wisdom does give us all new ideas to cover ourselves.

Thanks to all for the input.  

Does Pottstown seriously require a Local emergency contact? I am considering a house there to rent.

Hi Jordan, did you ever get feedback on Pottstown market? I am also curious. We are neighbors! I am looking at a purchase there and wondering how the rental market is. If it is glutted with rentals because there are  many cheaper places...and it is not known to be a particularly nice area.

They agreed to accept a one half refund. I usually get a commitment signed with the deposit to hold the place, but we rescheduled. We were meeting to sign lease. I think they knew this could be coming and they were being a bit evasive. I did state that their deposit represented a commitment and in exchange I removed the listing and turned other renters away. They were ok with half refund. Best I could hope for I guess. I just could't find what the law is on this.

just discovered real estate is excluded from purchase protection...

Just had a tenant pay a $500 deposit then claim that one of them accepted a job out of state and wants their money back. Of course after receiving the deposit I took it off the market and stopped showing it and turned other people down for the apartment who I had shown it and who were interested. Can't find what the law says about this. I didn't have them sign anything, but made it clear that I wouldn't stop marketing the property until I had their deposit, after which time it was theirs. They made deposit via paypal, so I am guessing they can get it back if I have nothing signed. anyone know what my rights are?

so considering this is a commercial property and I want a 20 year fixed rate loan, is it reasonable to expect it to cash flow with 20 year amortization? what is the expectation with commercial? obviously the numbers are very different.