All Forum Posts by: Todd Solberg

Riley, I've worked in my fair share of homes as a flooring installer during my younger years and have not seen a basement wood subflooring. I have seen wood foundations in my area but not sub floors. Personally I wouldn't buy a home with wood below grade, it deteriorates. A contractor may tell you it will last as long as block and could be true, it's a cost savings to build wood but to me all the moisture is there and could be a problem in the future.

@Tim Swierczek Thank you as I was looking for similar information! I have the BP lease as a pro member but there is more to include to protect our investment! Thanks Tim!

Be sure to shop around for the best deal. Also you may want to ask if they keep their loans in house or sell them off to other institutions. Id rather not get notified that my mortgage was sold and have a coupon book show up. 

@Sean Pomerleau send a few properties that are NOT good investments and see what happens. Also verify they are a realtor or maybe they are posing as one to buy deals.

@Tim Johnson i reviewed the purchase agreement and found the closing costs that were not listed on the closing document. Called my agent and he made the calls to correct with the title company. We closed this morning without delay!

I noticed that the seller paid closing costs were not on my disclosure document from my lender. Does the title company collect a check or do I need to have the loan documents updated to reflect those seller contributions? Thanks in advance!

In Rochester you have to take the class, thankfully its online. There is also a line that states owner or agent who can make decisions, but no mile radius from what I'm aware of.

Rent dont buy, there are hidden costs in buying. Rental is stress free and until you get financial stability you should wait. 

The rescue will almost always help you find placement for your dog. Typically you have to sign saying you wont sell or give away the dog but return to the rescue service. 

@Nicole Heasley trade it in for a used car...this is obviously a lemon. Subaru ...4 wheel drive or the Honda is solid as well. Best to you!

@Jansel Hutton For future purchases put this scenario first on your list. I almost made this mistake when I offered on a townhome. Thankfully the listing agent said she would need to check to see if rentals were allowed. They weren't.

How many units are in the building and does 10% rental percentage work out to an even number? If 10% is 8.1 units you may still be able to make the argument that you could rent. As the round number of units would be, say, 14%.

Did you read the bylaws before purchase, and did it say anything on % of rental units?

Is the association in good standing?

Is there a wait list to become a rental? Make sure you see the list and so they cant play favorites.

All these could play to your advantage, or you could get a written variance from the association....or just do it and screen very well so you dont draw attention. Get it in writing as associations can be very political.