All Forum Posts by: Kevin Powell

@Bronson TeixeiraI have lived and invested in the Sacramento area for many decades. You can send me a pm on areas and current values of those areas. Since your working at the airport, you can look into moving to woodland if you want to live in a small town plus lower prices. I am also a mortgage broker in case you have questions about VA mortgage rates.

You can look on those sites, but as mentioned, you may be late to the game if you are relying solely on those sites for the info.  By the time you call on a property, it may already be sold because of the delay those sites have for reporting the listings through IDX.

Additionally, a site like Zillow has issues with their IDX agreement with MLS in many markets, so their listing info is outdated and is slipping each day. You can google it to find a bunch of articles on this.

In MLS, agents CAN choose NOT to publish a listing to the IDX, so it would not go on the internet. I don't know why an agent or Seller would want to do this as it would minimize the reach of the marketing for the property, but it IS an option. So, in answer to your last question, YES, there COULD be listings on MLS that are not on the internet.

MLS is going to provide the most accurate, real time data for active listings, closed sales, and expired/cancelled listings. All others populate from the MLS through IDX, which can be hours or days later. This is why you can call on a property that you see on Redfin, or Trulia, or Zillow, and it is already sold, but the listing still states it is active. Those websites haven't updated yet.

MLS is also where you can find alot of tax record data (at least in my market, it is) that connects to the county recorder's office. So, you can pull foreclosure lists, farming lists and labels, and other useful items for marketing and/or research.

In my market, the MLS is also where I can pull new home inventory (new builds), and pull statistical data for my market, zip code, or time frame

@Shonari Wynter While you can choose to form an LLC before purchasing your first property, you certainly don't need to. Just make sure you speak with an insurance agent and get a good insurance policy on the property and you should be covered. While you are correct that anything can happen, the odds of someone coming after you with a single property that is likely highly leveraged at the beginning is slim. You can always transfer the property into an LLC at a later time. Don't let this question hold you back from taking action. Lots of people come up with repeated concerns that prevent them from pulling the trigger. Keep looking for a deal and when you find one go for it.

If you're not planning on living there I would be careful there, as that may really constitute fraud if residency is required.

 Isn't there a 2 year rule i have to live there a couple years and then can move out or something?