All Forum Posts by: Sandra Regnell

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 

1840 university avenue 

It's 1800 sf

I have a cousin in Visalia who inherited a home with her brother who just died. She cannot afford the payments and is in danger of foreclosure. She is disabled and will likely need to go to a group home. I am wondering if it would be worth it to try and sell the following property. 

It's an older 3/2 around sf with a pool. She is a hoarder. Balance, without liens is $120,000 but possible liens/promissory notes on the property of 25k.

My cursory search of similar properties seems to indicate they go for no more than $210,000 and there is a fair amount of new construction as competition. The neighborhood is okay but not exceptional. Im not sure what it will take to renovate as there's so much to clear that I can't even assess. My fear is that the pool could leak etc.

The loan was in the brothers name and they just fell out of a loan mod.

Thoughts? Let it go?

Thanks in advance.