All Forum Posts by: Nicole Wood

Does this conform to the nys regulations for realtor classes? I read on the nys website it has to be approved for you to be able to take the exam.

Hello all,

Thinking of getting my real estate license as a way to gain more knowledge of the entire process and maybe earn some extra cash while doing so to save towards investing. Does anyone know which real estate schools in new york state actually conform to the requirements? 

i've never heard of the car dealers that take the car at kbb but i believe kbb is lower than what i owe...in fact i'm sure of it:/

unfortunately the most local meet up around me is 2 hours away unsure if anyone would want to do a deal my way. But i do plan to go to one at some point. 

thank you! And yes i made some definite bad decisions at one point but am hoping to turn things around. Weve been sticking to a tight "budget" amd are putting anything extra toward credit debts. Ive been on biggerpockets for a long time. Ive listened so far to 2 pages of the podcasts and am currently reading brandons book on rental property investing. Anither nice thing is i get pretty good income tax return so that will significantly pay down a lot of debts come next april or so. Im most upset about my car that was a very bad credit move and i dont plan to buy brand new again. Lessons learned. I definitely am not giving up. Just have to work harder and longer but we will get there. 

last i checked i couldnt trade my car in unless i was buying a more expensive car thats ehat the dealer told me...does anyone knoq how to do that for sure?

Maybe i should explain more everyone. I already own my current home through the usda. I also own a home that i am selling rent to own...bad deal for sure. Either way my fiance was the one who went for the loan. He only makes 15$ am hour amd had a truck loan and a few credit cards. He got denied. I cannot get another usda loan because i own the house already amd were hoping to rent it out when we move. Also my dti would be fine im a registered nurse however the fha doesnt allow you to use rent as income to offset debt. So i would have to sell my current home rather thab renting it out or have my dti be 50% with 2 house payments which the fha loan officer says is close. Even though i would be making 200 on cash flow after all expenses on this property none of it would count so the entire 845 house payment would count as a debt. But...i am currently selling some items we dont need to pay down credit card debts etc. Also does anyone reccomend consolidating debt on credit cards etc?

ive never had a bankruptcy. Quite a bit of debt though. 

The realtor still gets paid thats why you have to give a down payment when you do owner financing. 

Also fha yes you have to live in it however the house im looking at we would offer 42000 have 20000 for rehab and arv is 90000 or higher in that neighborhood. If it werent to sell we could easily rent it out for 1000 or more. Home is listed for 49000 however has been on the market a while. So we planned to live there a year sell it take profit for a down payment on the next one hopefully a duplex or higher.

i dont have a 20% downpayment yet or i wouldgo commercial. So much easier. Were thinking of saving up and buying with a 203k loan through fha. It requires 3% down of purchase price plus rehab costs. But dti has to be 50% or lower. 

We both have hogh vehicle payments. But currently im a home health nurse so i have to have a reliabke vehicle plus the way my loan was with "taxes and tags" i now owe 15000 still on a car only worth 9000 or so. NEVER BUY A NEW CAR FROM A DEALER. 

Owner financing would be amazing however i feel like the realtors in my area arent exoerienced with this so dont even end up asking the seller. If i met up with the realtor and wrote an offer with owner financing she would have to show it to them correct?