All Forum Posts by: Jonn Vidal

Thanks guys n gals for your helpful expert insight!

 I make only full cash offers only and directly to LISTING agent(s) so it's shocking even with full, cash,10 days close and DOUBLESIDING incentive to Listing agent that's not good enough to EVEN PRESENT the offer --- for whatever shady reasons! Ie today's said 'you didn't see the inside so I won't present' then when I asked for an appointment if it's required to present they just replied they have an accepted offer (yea right).

Will do the OVER asking for future offers to see if it helps and report back; thanks BP!!

Past month have experiencing multiple CA agents once they get POFs for Full Asking Cash Offer reply that they already Have offers over Asking and then cease further communication!

In once instance, found out they used my POFs (over million $) for their own offer cause I contacted the seller directly when it went from Pending back to Active despite the agent telling me they had accepted a full cash offer with short escrow.. and seller showed me my own POFs in her texts after I told her how much I offered and she said she never was presented my offer but the agent offered to buy it for the same amount and with same POFs!

What is the remedy to this phenomenon; file complaint(s) with CalBRE? Is it 'illegal' to not present full cash offer with the excuse that supposedly have other full cash overs over the full list price?!

wow so all those rental incomes are illegal and therefore technically not collectible if they default? yikes lawyer up and have your counsel address the misrep!

Just bout every building i bought or acquired had at least one open code violation without it being a problem at closing table as buyer.

Now am hearing (from prosp buyers, agents) violations MUST be removed before closing on the same properties I'm now re-selling.

Why wasn't open violations a problem then; cause there wasn't a conventional lender?

And anyways, really?l per statutes, or what exactly?? 

NYC

Isn't the NNN part the one that factors in projected revenue?

Commercial rents seem to vary wildly locale to locale  I'd say like $1 - $20 per SQUARE FOOT so ur rent could be anywheres between 900 to 18K /mo total.

but mostly likely a couple dollars per sq ft.

Pretty much every building i bought or acquired had at least one open code violation without it being a problem at closing table as buyer.

Now I'm hearing violations MUST be removed before closing on the same properties I'm now re-selling.

Why wasn't the open violations a problem then; cause there wasn't a conventional lender?

And anyways, really?l per statutes, or what exactly?? NYC

sounds like situ u describe - Credit not good enuf for loan/mort - limits u to 'Seller will Carry' sales!

unless ur like swimming in assets & documented monthly income despite the lack of credit.. in which case good credit would be on horizon in time??

Good question! that makes me wonder for how long does a replacement investment property have to remain that way after it being an Exchange until one could potentially fall in love with the investment and move into it or part of it?1

When now selling a home obtained via Family Transfer less than 2 years ago, what will the Capital Gains be like, percentagewise or whatever?

and is there any way to get exclusions to that, or would it be better off to do a 1031 exchange on such a property? 

NY.

Never heard of agents doing this for their buyers (passing along love letters for their buyers to the seller) but apparently suit have already been filed over outrage that this is no longer allowed in Oregon, as the state's new law says 'real estate agents will not be allowed to pass along personal pitches from buyers that can include personal details about people’s lives along with photographs and videos but buyers will still be allowed to communicate directly with home sellers.'

Oregon slapped with lawsuit over 'love letters' ban in hot real estate market (msn.com)