All Forum Posts by: Sandra Regnell

@Thomas Greer I’m an engineer in biotech. Lots of women. Keep encouraging them. My dad did! Also and engineer!!

I’m interested in buying a condo/duplex with no hoa but the agent says it must be cash only.

Why?

Are there other options? I have 15% down and am looking at doing a conventional loan.

@Adam Zach I’m an engineer. Just getting started. Have bought and sold 5 homes and currently own 2. Working on 3.

I’m a free member. How do I get info on upgrade options? 

I have a 3/2 ranch style home in Vancouver Washington. It’s a nice family neighborhood. Problem is I work most of the week in Seattle. I haven’t been able to find a job here.

I’m considering either putting it on Airbnb for the time that I’m gone, for the entire time, or leasing it out to a long-term tenant.

Anyone have pros and cons for these approaches?

Thanks in advance!! 

@Jay Hinrichs I was thinking the same thing but I only have 1 rental and the young adults that rent it are very respectful.

And yes - the distance is the issue. They want a letter that either says I can work remote or that my job doesn’t care if I buy a home so far away. 

As long as I continue to show up for work, I’m not sure why they get to decide for me. 

I’m going to live there on the weekends and transition to a work at home job that was happening at the beginning of the sale and is up in the air now. My boyfriend and daughter will be there full time. I have more than enough income to justify a studio as well. 

I was approved for a mortgage with 5% down for a primary residence. I work in Seattle and am currently renting. My job is 170 miles from the home I have in contract. My loan guy was well aware of my plan prior to applying and gave me no indication this might be an issue.

I am well qualified for the loan, but the lender wants 10% because of the distance. They will go for the 5% if my employer says I can telecommute or that I wont lose my job if I move.

Is this usual? How can I obtain said letter from my massively large and probably unwilling employer?

Hi 

I am setting up an LLC and transitioning over from W2 employment. I have a company 401k and an IRA.

I set up a Merrill Edge 401k which looks to be really expensive and not what I need. I set up a ubiquity solok but am stuck and cannot seem to figure out how to get the Charles Schwab form filled out to hold the funds. I called but there is literally NO support. It’s a new product and they don’t even know what to do. 

After wasting several hundred bucks, I’d like to find a solok that is reasonably priced with some support for setup and questions.

Should this be affiliated with my LLC? The funds are personal but I want to invest them in real estate. The LLC will be consulting but those profits will also be real estate.

Suggestions appreciated!

Thanks,

Sandra