Buy Corporate Owned Home All Locations : Advice

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Hank Lauzon, Real Estate Pro in Las Vegas, NV
Hank Lauzon answered:
I want to buy a SFH in NV to use for rental. What is the best way to hold the property, Personal or LLC? ...
Good Afternoon,...
The protection from an LLC is well worth it. You don't want to put your personal assets at risk.
I am a Las Vegas Realtor and I work with several in ... more
0 votes Share Flag Wed Apr 25, 2012 Home Buying in Las Vegas
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
how much below listing price is too low of an offer for a home that needs work?
You are missing a basic point here:
How do you know that the LISTING PRICE doesn't already take the repairs into account?

The Sellers have gotten a little smarter lately; they know ... more
0 votes Share Flag Tue Apr 17, 2012 Market Conditions in Lexington
Alan Martin, Real Estate Pro in Orlando, FL
Alan Martin answered:
To buy investment real estate as an LLC - does it have to be a cash deal? I just had a major bank tell me t ...
IT does not have to be cash if the home is of the type that lenders will lend on. You can always purchase in your name and then quit claim to the LLC but I can understand why a bank wi ... more
0 votes Share Flag Fri May 18, 2012 Home Buying in 32828
Jerry Heard, Real Estate Pro in San Diego County, CA
Jerry Heard answered:
FHA waiting period waived?
I am surprised that your loan officer did not pick up on this early in the process. The lenders that I work with get the credit package underwritten early in the process so all we need ... more
0 votes Share Flag Tue Apr 3, 2012 Home Buying in San Diego
Anne Price, Real Estate Pro in Denver County, CO
Anne Price answered:
New O/O of an REO, I quickly learned 1)REO's are U/C w/in days of being listed & 2) Submitting a winning offer - So, Y/N Time to become a
All Realtors should listen to what the buyer is saying and it sounds like yours didn't. One thing to keep in mind is that some Realtors have special training to work with investors (and ... more
0 votes Share Flag Sun Mar 25, 2012 General Area in Denver
Nick Rafello, Real Estate Pro in New York, NY
Nick Rafello answered:
Has anyone experienced delays closing with Wells Fargo or Chase in NY in 2012?
Since 2008, it really doesn't matter what year it is. And now, I take the 5th.

Nick Rafello
Senior Vice President
Associate Broker
The Corcoran Group
RAFELLO ROSENBLOOM TEAM
nra ... more
0 votes Share Flag Thu Oct 16, 2014 Home Buying in New York
Cheryl Carver, Real Estate Pro in Saint Petersburg, FL
Cheryl Carver answered:
What's the typical process when buying a short sale?
The process begins when you put in a contract. Next, the buyer will either accept or decline. If he accepts, then the contract is submitted to the bank. On your end, you will need pr ... more
0 votes Share Flag Sat Mar 31, 2012 Home Buying in Saint Petersburg
Nina Daruwal…, Real Estate Pro in Cupertino, CA
Nina Daruwalla answered:
FHA experienced Loan Officers and Realtors in Fremont, CA?
Hi Linh,

My Lender has several years of Lender experience and has done FHA Loans for me very efficiently, provided you meet all the criterias. Also understand, the CONDO/Toen Home co ... more
0 votes Share Flag Sat Feb 4, 2012 Home Buying in Fremont
Martin Macis…, Real Estate Pro in South Portland, ME
Martin Macisso answered:
How do I buy an REO home that isn't listed on the market yet?
They cannot sell the home without listing it with the agent on the local MLS.

Depending on if its a Fannie or Freddie loan, you may be able to find the agent before it lists and ask ... more
0 votes Share Flag Tue Feb 7, 2012 Foreclosure in Phoenix
Dan Firks, Real Estate Pro in Naperville, IL
Dan Firks answered:
How important is a survey when buying a resale home?
Hello and Good Afternoon,

A survey is very important because you want to know where your boundary lines for the house are and to insure there are no encroachments or easements on th ... more
0 votes Share Flag Tue Jan 10, 2012 Home Buying in Naperville
Parrish Regi…, Real Estate Pro in Raleigh, NC
Parrish Register answered:
I need to find a loan ASAP my middle scores is 520,539 and my high score is 620. I need a loan now in Charlotte,NC
Our cut-off is 580 for your middle score. Now that you have a copy of your credit report in front of you see take a few minutes to see what is pulling down your scores. High balances ... more
0 votes Share Flag Sat Oct 25, 2014 Home Buying in Charlotte
Roland Vinya…, Real Estate Pro in Sprakers, NY
Roland Vinyard answered:
Should I get a realtor if I am planning on buying a new house from a builder?
I don't see why an agent would need to be involved. You may want someone to give you advice, but that could be done by anyone familiar with the building trade, with codes, and with ... more
0 votes Share Flag Sun Dec 23, 2012 Home Buying in Cinco Ranch
Brigitte Luk…, Real Estate Pro in Palm Harbor, FL
Brigitte Lukas- szabady answered:
When is the best time of year to buy a house in Tampa?
Dear Deb,
The Tampa Bay Area has a good selection of homes yearlong as we don't have the complete seasonal changes like up north- Supply and demand is always an indicator of the e ... more
0 votes Share Flag Sun Dec 18, 2011 Home Buying in Tampa
Rob Hughes, Real Estate Pro in West Chester, PA
Rob Hughes answered:
How can I purchase an investment property without putting 20% down.?
Tarincarin always confirm with a local lender in the area's you wish to purchase. In our area of Pennsylvania; borrowers can still purchase other properties less than 20% down as l ... more
0 votes Share Flag Thu Dec 8, 2011 Home Buying
Lynda Hester…, Real Estate Pro in Kinnelon, NJ
Lynda Hester-D'Orio answered:
Buying from Cartus?
Hello Andy
Your realtor should be able to answer all these questions for you . A relocation company handles each transaction differently - how did you learn that the relo company would
0 votes Share Flag Fri Jun 13, 2014 Home Buying in Morris Plains
Susan Uribe, Real Estate Pro in Ormond Beach, FL
Susan Uribe answered:
Could you please explain a short sale to me?
Mary

The short sale process can be time consuming. If you are a buyer that needs to be in a home within a certain period of time a short sale may not be the way to go. However, if ... more
0 votes Share Flag Sat Oct 22, 2011 Home Selling in Daytona Beach
Dp2, Other/Just Looking in Virginia
Dp2 answered:
ATTENTION Buyers and Investors ....I address this question to you, What do you f ... biggest challenge in the Home Buying Process? ...
From an investor's perspective, I've found the most challenging aspect of the home buying process is finding the right agent who actually gets what we're trying to do. M ... more
0 votes Share Flag Sat Oct 15, 2011 Home Buying in Florida
Chris Ognek,…, Real Estate Pro in 22407
Chris Ognek, Q Real Estate answered:
have 2 foreclosures with credit scores of 754 and 748Do we qualify for a short term mortgage?
It is my understanding you'll have to wait 3 years from the date of the foreclosure. That is going to be across the board with all lenders but I would still recommend you ask arou ... more
0 votes Share Flag Wed Nov 16, 2011 Home Buying in Spring Hill
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
What restrictions apply to Australians wanting to buy property in USA? Is there a check list of the documents ...
I am working with someone from Belgium to find something. The main issue is finding a lender since you are not a citizen with no assets/accounts in this country. We seem to have found 2 ... more
0 votes Share Flag Wed Feb 12, 2014 Home Buying in Chicago
Christopher…, Real Estate Pro in Westchester, NY
Christopher Pagli - ABR, GREEN answered:
I am looking into the short sales now, although i don't prefer them, but the houses on the market that are not, are not what i am looking for,
hi, I answered another one of your questions. You should look for an agent that specializes in distressed sales. There is alot of information you need to know when purchasing so don&# ... more
0 votes Share Flag Fri Jul 15, 2011 Home Buying
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