All Forum Posts by: Pilar Jin

Hi,

This is the first property I sell, so no idea what to do with the loan. Do I just pay off to the bank after I receive the payment from buyer? Other options? Thanks

Pilar

The contractor asks for 2500 to paint and clean. This is how the wall looks like.

Hi All,

I plan to put the townhouse in Delray Beach on market in a few days. The tenant just moved out today. The townhouse looks in good condition. Only advice I receive is to hire someone paint the wall and clean the carpet. Is it a good investment to add on the house before selling? Only want to control the cost and perhaps maximum the return.

Thanks

Pilar

Hi All,

I plan to put my house on market after the tenant moves out in a couple of months. The tenant told me the ice maker in the fridge (10 years old) is not working. Don't think I can have it fixed. Shall I leave it like that? Besides that everything in the house else looks well so far.

What repairs are absolutely necessary, what is nice to have and what is no need?

Thanks

Pilar Jin

Hi All,

I am going to sell the house in Sep. No idea how long would it take to sell, hopefully within half year? What shall I do with the home insurance which will be expired in Jun? Shall I renew for another one year then transfer to the buyer? Or renew half year?

Thanks

Pilar

Hi,

I am a foreign national looking for mortgage loan for 2nd home / investment property. The deal value is around $400k, duplex. Anyone can recommend a small local bank in south Florida pls? You may also contact me at [email protected] if any question.

Cheers

Pilar

Hi,

I am a foreign national trying to get a mortgage from a small local bank. The underwriter looked at my case and find big gap at debt to income ratio. I made a mistake to add too much expenses on my tax return of the other rental property, so the rental profit is very low from the tax return. If only counts my salary income, the ratio is 58%. The required is 40%. We thought about bring the loan value down, then the amount is too low. Now the only way underwriter sees would be to add a co-borrower. 

I am not very comfortable to have a co-borrower. If add my dad (also foreign national) as co-borrower, in what way I can remove his name from the title? Say he sell the half back to me in a very low price?

Or shall I turn to another bank?

Thanks in advance for your suggestions!

Cheers

Pilar

really wish to join, but will only be in the region Oct 20 - 26 :(

What a nice job! Congratulations!

How about other cost like utility and maintainance? Does the tenants pay water?