All Forum Posts by: Maxwell Silva

Thank you

Hi. I've been wanting to do some renovations since I bought my home 3 years ago, but put it off. Now I'm a little hesitant due to higher interest rates. Would a HELOC be the best best option here or is there some sort of other creative finance I can look into? Mortgage balance is around $390k and value should be around $650-$700 maybe. If HELOC is best way to go, is there a specific bank you recommend?

I’m and agent and helping clients buy a hud home.  This is my first time dealing with hudhomestore.    Is it still recommended to hire attorney to review contract if is strictly “ as is “?   Any other tips on the process would be appreciated.

Thank you @Joseph Profaci.   I’ll be contacting you in near future.

@Account Closed I understand your an appraiser and are completely against this. I read it as them comparing BPO's to CMA's and not an appraisal. You keep saying it's an appraisal. Don't know what to tell you. Thanks again for digging up that info.

@Ebony Martin thanks for the tip.   I will definitely look into that

PSA’s. ( purchase and sale agreements). ?  How does that work?  Like I said, I’m a newbie

@Ebony Martin thank you for the info.   I think the way you described it is exactly the same here in New Jersey.  Yes, I figured experience will be necessary in order to get listings.   But we all have to start somewhere right?   

@Christopher Phillips  @Account Closed I don’t know exactly what niche I want to get into yet, but getting my name out there with the banks doesn’t seem like a bad idea.   My only question now is can I do this for any broker I sign with, or does that broker need some sort of special permit for BPO’s.   I haven’t found that answer online yet.   

@Account Closed I don't know exactly what the law for this is in New Jersey. I will do more research. From what I understood it was something somewhere between an appraisal and a CMA. I think it was mentioned it was primarily for REO listings. Thanks for the heads up.