All Forum Posts by: Russell Brazil
Russell Brazil has started 177 posts and replied 16824 times.
Post: Which Zip Codes Are Best for Buy-and-Hold? Looking for Real Investor Insights
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Quote from @Ivan Semin:
Starting to analyze zip codes in the DMV, NC, ОН area for long-term buy-and-hold.
Curious what areas people here are currently investing in, especially interested in multi-family. DSCR, BRRRR
Anyone working in Prince George's County, Arlington, or Fairfax? What has your experience been like?
Would appreciate any insights — I'm just getting started and trying to build a solid foundation.
— Ivan
Cap rate is higher in PG county compared to Nova. Nova appreciates more. PG is more tenant friendly than nova, but also has more moderate entry points.
Post: Zillow's Private Listing Ban
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Quote from @Ella Compton:
As of Monday, Zillow has officially begun enforcing its ban on private listings, marking a major shift in how properties are marketed online. Zillow is now requiring that all publicly marketed listings be added to the MLS within 24 hours to appear on their platform.
This change comes with significant implications for agents, brokerages, and sellers who previously relied on private listing networks or office exclusives to market high end or off market properties.
How does everyone think Zillow's ban on private listings will impact strategy or the broader real estate market in the coming year?
Zillow is engaging in multiple antitrust violations including a Group Boycott, and a Conspiracy to Restrain Trade. They've also violated the terms of the Department of Justice's consent decree on IDX. (IDX is the system in which they receive the listing data from the MLS).
Compass' lawsuit against them will be successful, and there's currently been thousands of antitrust complaints filed against Zillow with the DOJ.
Post: Cost for Preparation of Tax Return
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Seems cheap to me.
Post: 84% of Americans Think It's A Bad Time To Buy A House
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It's always a bad time to buy a house.
Economy sucks, can't buy now because of uncertainty. Economy is too hot, can't buy now cause things might crash.
Interest rates are too high, so borrowing is expensive. Interest rates are too low so there's too much competition. There's too much inventory...there's too little inventory.
Well you get the idea.
Post: No Sellers Disclosure
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Quote from @Lance Turner:
I've been buy and hold investing for 7 years now. I'm looking at a portfolio of homes. However the seller will not sign a disclosure. I've never had anyone do that on an investment property. Has anyone encounter that in the past? Any suggestions on how to approach that situation?
Disclosures arnt worth the paper their written on. People forget, people lie. Do your own due diligence and never trust a disclosure.
Post: Failure to Disclose Water Intrusion
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Quote from @Austin Johnston:
Fello investors, looking for some insight/guidance. In September 2024, I purchased an investment property and the tenants immediately began reporting water leakage through the basement walls (seepage). Nowhere in the property disclosure, nor the inspection did it note water intrusion issues.
To diagnose the issue, I had two companies come out to advise the remedy. Both companies noted the issue was not acute and had been occuring for years.
The LLC i purchased it from acquired the home in June 2024 and had flipped it. The LLC purchased the home from an individual who had owned the property since 2014. I feel it's possible the LLC was unaware of the water intrusion, but the previous owner of 10 years (who lived in the home) most certainly was aware of it.
Question: If the 2014-2024 owner failed to disclose the water intrusion can they still be liable as they didnt disclose it when they sold the property to the LLC? Which ultimately created a chain of events, leading me to not be notified?
Appreciate the responses.
The only person responsible to disclose anything to you was the LLC that sold it to you. The previous owner to that has nothing to do with you. So no, they can not be held liable.
Post: Endbuyer and EMD
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Just be aware that to require a buyer to use a certain company means you also have to pay for the title work if they insist.
Post: Non responsive property management in Detroit
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Sounds like fraud unfortunately. Not uncommon in property management in the class C/D property class.
Post: Background check found something
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Does he have an arrest or conviction?
Post: Difficulty getting Landlord Insurance due to claims history
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Yeah this will show up in a CLUE report. 2 or 3 claims in 3 years will get you banned from most insurance companies.