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All Forum Posts by: Kate J.

Kate J. has started 42 posts and replied 278 times.

Post: Weird situation with multiple bids offers

Kate J.Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 294
  • Votes 104

I received several offers on the property I am selling. I've asked for best and highest. One of the offers is higher by 15k than everyone else. However, they did not send the contract and they were sending email only. Now when I emailed that we accept this offer, they are delaying with sending updated contract. The call for best and highest was on Thursday at 10 am. Do you think I should move on with other offers? The agent says that her client is in Columbia and did not reply her email. I kind of feel that this is buyer's remorse....

Post: Hawaii experts help needed. Hubzu purchase

Kate J.Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 294
  • Votes 104
Originally posted by @Andrew Williamson:
Originally posted by @Kate J.:

I'm actually not currently looking at the Kona market but it sounds like what you're doing, auction and MLS sights, is what I'd be doing. The only things I would add (and you probably know about these) are homelife.com and Hawaiilife.com. I have found properties on Hawaii Life that were not on the other sites.

 cool, thanks, I did not know about these sites. Just out of curiosity, what are the markets you are investing in?

Post: Hawaii experts help needed. Hubzu purchase

Kate J.Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 294
  • Votes 104
Originally posted by @Brett Goldsmith:

@Kate J. I'm not sure if I 100% agree with that statement as I'm under the impression some servicers still use hubzu in certain states for short sales, but I do agree that most are bank owned for sure. 

Text the agent, email them, leave a voice mail, call their brokerage. Once you've done that there is not much more you can do besides follow up appropriately. Or contact hubzu.

those that went underwater are all banked owned, it was explicitly stated... I did all the above that you suggest. Hubzu said to contact agent as they have no idea why they took it off. These are the properties that could potentially bring over 200k in profit each. It's kind of sad to loose the opportunity.

Post: Hawaii experts help needed. Hubzu purchase

Kate J.Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 294
  • Votes 104
Originally posted by @Brett Goldsmith:

Could of went to the market as REO's, accounts could of been reinstated if they were delinquent property's, could be going through a short sale and removed from hubzu. Those may be a few reasons.

 short sale is not possible, all properties on hubzu are bank owned already. It's all mystery to me as the listing agent don't pick up the phone.

Post: Hawaii experts help needed. Hubzu purchase

Kate J.Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 294
  • Votes 104
Originally posted by @Andrew Williamson:

This is a bit off topic but since I live in Kona I figured I could help clear the air (I couldn't resist) on the recent eruption's effects so far on Kona. The vog (volcanic fog) here is worse than usual but the air quality according to the EPA fluctuates between "Good" and "Unhealthy" depending on the wind patterns. Earthquakes have caused no known damage on the west side (Kona side) of the island. 

Other than the unpleasant gray haze, you would never know the eruptions were happening on the other side of the island.    

I kind of expected this. Do you have an access to MLS? I wonder if anyone can check properties that went underwater there. It's now 5 that I can count...

Post: High end Miami Beach condos

Kate J.Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 294
  • Votes 104

Hi All. I want to check on your opinion on high end Miami Beach properties. Say the price range from 1mil to 2 mil. How cold is this market? It seems there are a lot of construction going on in that area. Do you expect the price drop in the near future?

Post: Estate division with real estate and cash

Kate J.Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 294
  • Votes 104

Sounds pretty fare to me. You share all equity (real estate and money) minus losses (in your case closing costs). 

Post: Hawaii experts help needed. Hubzu purchase

Kate J.Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 294
  • Votes 104
Originally posted by @Lane Kawaoka:

The volcano got it.

right, but it's Kona part. Do you think volcano is the real reason? Any expectations that it will get to Kona area?

Post: Mom inherited 500k, knows nothing about investing

Kate J.Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 294
  • Votes 104

park the money in ladder CD accounts or high yield saving account. You have to subdivide into 250k to have security on them. Then wait for a deal, and educate yourself a lot. The deal does not come fast you have to be patient. It applies to both stocks and real estate. I don't advise to put the whole chunk of money into stock market. The better and safer way to do it is what is called market averaging. However, considering your mother's age, you should not put all money to stocks as it may not recover in case the market drops and she needs it. Once again, market averaging seems to be a correct type of entrance for you. The disadvantage of financial advisers is they put all your chunk at once, plus their fees. Find a good one and just talk to them. You don't have to invest with them and I actually advise not to.

Post: Hawaii experts help needed. Hubzu purchase

Kate J.Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 294
  • Votes 104

Hi, I was waiting for a good price on several properties on big island in Kona area. I would say I was watching about 4 on hubzu. However couple weeks ago, the banks took them off from hubzu. Any ideas why?