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All Forum Posts by: Jenny F.

Jenny F. has started 14 posts and replied 188 times.

Post: Better for the economy....McCain or Obama?

Jenny F.Posted
  • Real Estate Investor
  • Baroda, MI
  • Posts 204
  • Votes 2

McCain! I am running a small business over here! I don't bust my hump everyday so that I can provide MORE welfare to deadbeats who don't want to go anywhere with their lives and have entitlement issues!

If Obama gets the vote, I might as well go back to work in the corporate world because he is going to tax us to death!

NOBAMA!

Post: Too many houses for sale?

Jenny F.Posted
  • Real Estate Investor
  • Baroda, MI
  • Posts 204
  • Votes 2

Are you going to be living in the house while it is on the market?

Just pull out all the clutter, paper, nicknacks, personal photography of friends, family.

move out furniture that is too large for the space etc... pretty common sense stuff. if you move too much out, it will feel too cold.

Post: Realtor - Lack of Motivation because its not my sale

Jenny F.Posted
  • Real Estate Investor
  • Baroda, MI
  • Posts 204
  • Votes 2

I have vacillated about getting my REA license and have considered that I would feel as you feel about hauling potential buyers around (especially with gas prices) to other properties that I don't own only to have them not purchase.

However, that said, I find myself particularly irritated at the lack of concern for a sale that i get from all the realtors that i have dealt with. They want 7% to list and yet they don't get the property noticed or marketed, it just gets flung into the abyss with the rest of the properties. Which makes me want to become a realtor just to sell my own......

Post: Too many houses for sale?

Jenny F.Posted
  • Real Estate Investor
  • Baroda, MI
  • Posts 204
  • Votes 2

The best strategy is to price yours the lowest and have it staged to look the nicest. with nearly half of your neighborhood for sale you have to stand out in the crowd. The good news is that hopefully, you will get a lot of traffic from all of the others homes for sale in that neighborhood.

Post: What are private & hard equity lenders doing in your are

Jenny F.Posted
  • Real Estate Investor
  • Baroda, MI
  • Posts 204
  • Votes 2

I think the banks are shooting themselves in the foot. This is spring boarding from a bad situation to a national disaster. With gas prices at an all time high, people are being forced to either pay for gas to get to work or pay the mortgage. Those prices are translating across the board into groceries (and have been for quite some time) and other goods and services. Has inflation ever hit this economy so hard? I don't know.

My commercial lender will now not touch a deal without 20% down and there has to be a very HIGH ARV. I think it will be impossible to even get a next deal without cash. My lender has stated that he foresee a mass exodus out of the MCmansions and back into smaller, more affordable homes and I agree with that.

It is rather depressing.

Post: The Fed Is At It Again

Jenny F.Posted
  • Real Estate Investor
  • Baroda, MI
  • Posts 204
  • Votes 2

I heard on the news today that they may lower the fed rate by a whole point!!

Post: Banks and realtors

Jenny F.Posted
  • Real Estate Investor
  • Baroda, MI
  • Posts 204
  • Votes 2

No. over here we have about 5 that do most of the REO's. That could change as the foreclosures increase though.

Post: Realty Trac

Jenny F.Posted
  • Real Estate Investor
  • Baroda, MI
  • Posts 204
  • Votes 2
Originally posted by "Richguy512":
I did a free 7 day trial with Realtytrac and found out that all of the listings that they had in my area were at least a year or two outdated. I went so far as to drive by a house, and saw a family eating dinner in there happily. Now either they are the family that would be kicked out soon, or they are the family that bought the property a couple of years ago. I'm assuming the latter. I do have a question though if anyone can help. Suppose a property is and REO, meaning that it has gone through forclosure and auction with no bidders, and is now a bank owned property. And suppose that the property was worth half a million with a default loan of about $50,000. Would it be ok to start negotiations from the default loan amount, or is that not feasible? Thanks in advance to anyone who can help me out with this. :D

they have old data and they are not very reliable. i have used foreclosure.com but they don't have the preforeclosure data in my area like they should. I keep my own list.

Post: How did you get your nickname?

Jenny F.Posted
  • Real Estate Investor
  • Baroda, MI
  • Posts 204
  • Votes 2

"Curby" is my nickname around my house because for some reason my minivan is attracted to curbs...i dont know why :D

Post: To spray or roll/brush your paint?

Jenny F.Posted
  • Real Estate Investor
  • Baroda, MI
  • Posts 204
  • Votes 2

definately, a sprayer and have another person with you to back roll. We only use flat paint because with satin you have to worry about streaking.

wear a mask.

good luck!