All Forum Posts by: Kelly DeWinter

. Proper grammar is always a strong start when building a business that depends on advertising and legal contracts.
. Know the area you will building your business
. Setup a useable database.
. Learn to love making calls.
. Learn telephone scripts
. Realize that your number one job is lead generation.

A wild guess ……. Farm?

No
No
Yes, No, No
Accuracy
Yes, A Broker

You have to be more clear with your question. Buying a property does not guarantee a profit or proceeds, Selling a property may result in capital gains. I recommend you contact an accountant .

90 to 100 days on the market for rehab properties are not uncommon, especially of there is a lot of equity, Agents don't make the decision on the sale of a property, the owner does, so the commission question is irrelevant. A listing agent is supposed to work in their clients BEST interest , not the Buyer. Just calculate your numbers and make the offer based on facts. sometimes it takes 2 to 4 offers to get a property that's been sitting.

Our leases state " Early Termination: If Landlord and Tenant agree in writing to terminate the lease prior to the end of the lease period, Tenant is responsible for one half of the remainder of lease period."

Lenders don't fore people to do anything, they offer terms, that a borrower is free to choose to accept or decline. 

The short answer is No, that portion of a banks business is not regulated, it's built in to a banks business model for handling risk.  Basically you are being told you are a bad risk to under right at this time and that Once you have proof of one years income, you MIGHT be worth underwriting.

If you have multiple properties, some lenders will allow you to wrap them in one load and cash out, but you would still need 1 years rental income.

Unless you have proof, don't assume he did not pay a subcontractor. In Baltimore thieve circle a rehab property like vultures waiting to steal things. It's so bad we have to put AC condensers on the roof  or hang them on side second story or they walk off.

Recourse - reinstall.

Your post is very confusing, Are you the Buyer or the Seller  ?

@Sami Gren


Riiiiight , Let us know how that works out.