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85373 : Real Estate Advice

  • All14
  • Local Info2
  • Home Buying3
  • Home Selling2
  • Market Conditions1

Activity 12
Thu Oct 27, 2016
Angelica P answered:

We didn't get enough information about your problem to resolve the issue. Please provide us with your email address and we will be happy to assist you.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

Thank you for using Trulia!

Consumer Care Advocate
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0 votes 1 answer Share Flag
Tue Jul 7, 2015
Catlaie answered:
I've had my real estate license in AZ for 28 years but have never used it. Now I am going to use it but really don't know where to begin. Would like to "specialize" in "adult" housing which what I am familiar with. Where do I begin other than finding a broker (which I think I already have). ... more
0 votes 2 answers Share Flag
Fri May 23, 2014
Annette Lawrence answered:
"...I'd like....leads, good splits, low monthly and support."

NONE of these are issues for which you should have even the slightest concern. They are the parroted responses that have led 90% of newbies back to the previous job. Unless you change your requirements, you are destined to never see your 2nd year anniversary.

Bob Scholz pulled the curtain back just a little for you.

As a small business owner, be it a doggie day care, bagel shop, sneaker store or building a real estate enterprise, what due diligence would a small business owner be expected to perform?

There is only ONE thing you should be looking for in a broker. TRAINING is NOT it.
Your learn by doing.
Your earn by completing.
You do neither warming a stool in a conference room.

I'm not going to spoon feed you. Do your homework.
Read my 7 blogs titled "7 Things I Wish I Know Before Getting Into Real Estate"
The first is dated Feb 10, 2104.
It not a easy read. It WILL require work to see results.
But that IS what you signed up for..RIGHT?
To take ownership of your personal and financial future.
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0 votes 11 answers Share Flag
Fri Mar 28, 2014
Lisa Markham answered:
Hi Geomartin!

I can help you with your financing; I do not have a minimum amount for an FHA loan. At $57,200, the up-front MIP will cost you approx. $965.97 and the monthly premium will be approx. $62.91.

If you take the sales price of the home and minus the 3.5% you will have to put down ($2,002), you get $55,198; multiply the $55,198 by 1.75% and you get $965.97 (upfront MIP); add the $55,198 + $965.97 (as you will finance your upfront premium) you get $56,164. To get the monthly rate you take the NEW loan amount of $56,164 multiply times 1.35% and get $758.21; divide that number by 12 months and get $63.18.

Hope this helped rather than confuse you. Call or email me with any questions or concerns you have and I will do my best to help.

Lisa Markham
Envoy Mortgage, Ltd.
NMLS# 947738 / AZ# 0921717
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0 votes 2 answers Share Flag
Tue Jan 7, 2014
Jim Mitchell answered:
Hello Geomartin5. In addition to a monthly MIP, there is also a one time up-front FHA funding fee.

This FHA loan calculator is very accurate:

You can go to that site and play with the loan amounts, interest rates, etc. and it will give you the various fees including the monthly MIP.

I have an excellent FHA lender that I've worked with for several years; if you'd like her contact info, just send me a quick email.

Thanks for the question!

Jim Mitchell
Realty ONE Group
PH: 480.231.6769
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0 votes 5 answers Share Flag
Mon Oct 28, 2013
Barbara Frankovich answered:
Hi Steve,
Always check with the HOA before starting any project. Many people are having fences installed on their property in Single Family homes. If I can be of further assistance, please let me know.
Barb Frankovich
Award Realty
Sun City, AZ 85351
Direct: 602-502-8414 E-Mail: barbf@award
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0 votes 4 answers Share Flag
Tue Apr 9, 2013
Derek Ostrovski answered:
Taking into consideration the fact that you inherited the home from your grandfather, you likely do not have a mortgage. You can generate quick cash from it by selling it but, depending on your financial situation this home may become a steady source of income for you if brought up to date and than rented. You can do well by renting it on 1yr or longer lease contract or you can charge more per month and turn it into seasonal rental. Seasonal rental will require more of an investment because outside of the renovation cost you will incur a cost to properly furnish it. I realize you can use some of the furniture in the house but will it appeal to potential renter that is coming to the valley for couple of months and is willing to pay for it but want a nice place with nice furniture etc. All these things will need to be considered to decide if it will be worth it for you to put money into renovation. In my opinion, if you can afford the renovation and in this up trending market it is worth it to invest. Even if you decided sell it in short period of time you still will make a profit. Right now for the fall/winter 2014 season there is almost nothing available. We need more seasonal rentals. I come from a construction background and still have great connections in the industry. Give me a call and I will be happy to to speak with you about your grandfather's home and if you decide to turn it into a rental I can connect you with reliable people you will need to do the renovation right and on the budget.

Take a look at a recent blog I wrote on the subject of seasonal rental at: or

Derek Ostrovski
Coldwell Banker Residential Brokerage
Sun City AZ
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0 votes 5 answers Share Flag
Fri Oct 1, 2010
Bsaberson answered:
Thu Jun 5, 2008
Paul Welden answered:
Hi Kent,

To find a list of homes sold in Sun City, AZ or any other Arizona city, you can always check the county website.

However, an easier way to get access to this informaiton is to contact a REALTOR, who may be willing to share this information with you.

I hope this information will help you to make good real estate decisions.

Paul Welden
HomeSmart Real Estate
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0 votes 4 answers Share Flag
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