All Forum Posts by: Shawn C.

@Greg H. So I need to find a realtor that is willing to put in multiple deals with the NAID designation for my state. I wonder how hard that will be? When you say you have put bids in with zero commission, do you mean on the sellers side, buyers side or both sides?

Thanks.

I would check to see how much the repairs and flood insurance would run. Since it is going to be owner occupied, I would have to weigh the risk of selling the property later on in life. Also, if you are having a hard time finding a contractor, send me a PM. I may have one but I would have to check with him.

@Greg H. Does the realtor that has a NAID assigned to them have to be from the same state as the properties I bid on? 

My understanding is you need to be a realtor to submit bids on  these properties? Is this correct or am I totally wrong on this?

@Paul Timmins PM me, let's talk.

@Jake Ridley You could also do a Sub2/assumption without having to go through the loan process. How much money do you have to go towards a home? PM me and let's keep in touch in case I come across something.

I can't make this meeting but will there be more meetings in the future?

I have been told building runs around $115.00 a a square foot.

I think each state and insurance company have their own laws, rules and regulations concerning this. If you don't want to ask your insurance company, then I would contact the agency that regulates insurance in your state. I hope this helps.

From what I have been told Austin is fine with short term rentals as long as the main house is owner occupied. What the city has a problem with is an investor purchasing the property renting out the main house and also doing a short term rental in the onsite cottage or other swelling. At least that is my understanding from my attorney who has a short term rental.