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-   -   I need a real estate agent. (https://gfy.com/showthread.php?t=403750)

Kard63 12-16-2004 10:46 AM

I need a real estate agent.
 
I need a real estate agent. I would like to buy 10 rental properties very soon. I would like to know how lending qualification vary when buying investment homes rather than the old rule for a home you live in. The old rule being 'the mortgage payment should not be more than 29% of your monthly gross'. Thats incredibly ruff but that is a theory in it then you adjust for all the specifics. Obviously I will not meet that standard for 10 houses.

Kard63 12-16-2004 10:14 PM

bump

azguy 12-16-2004 10:22 PM

Quote:

Originally posted by Kard63
I need a real estate agent. I would like to buy 10 rental properties very soon. I would like to know how lending qualification vary when buying investment homes rather than the old rule for a home you live in. The old rule being 'the mortgage payment should not be more than 29% of your monthly gross'. Thats incredibly ruff but that is a theory in it then you adjust for all the specifics. Obviously I will not meet that standard for 10 houses.
Where?

Mike D 12-16-2004 10:23 PM

What area are you in ?





Mike ............

the Shemp 12-16-2004 10:34 PM

Quote:

Originally posted by Kard63
I need a real estate agent. I would like to buy 10 rental properties very soon. I would like to know how lending qualification vary when buying investment homes rather than the old rule for a home you live in. The old rule being 'the mortgage payment should not be more than 29% of your monthly gross'. Thats incredibly ruff but that is a theory in it then you adjust for all the specifics. Obviously I will not meet that standard for 10 houses.
you want to look for properties where the seller carries the paper for you...most agents dont like those, so you will be dealing with the sellers directly...

baddog 12-16-2004 10:36 PM

you in Canada? I will send a link to my realtor friend

laura99 12-16-2004 10:39 PM

I'm a realtor and I'm here to help! :)

ICQ me or email me.

tony286 12-16-2004 10:51 PM

why dont you open a phone book and make phone calls instead of going to a adult website

baddog 12-16-2004 10:54 PM

Quote:

Originally posted by laura99
I'm a realtor and I'm here to help! :)

ICQ me or email me.

This is who I sent the link to . . . . I guess she figures it will help her business if she doesn't mention that fact :(

Kard63 12-16-2004 10:55 PM

Hey laura. I'm in Indianapolis :Graucho

laura99 12-16-2004 10:59 PM

Quote:

Originally posted by tony404
why dont you open a phone book and make phone calls instead of going to a adult website
You hush! I can help him!

baddog 12-16-2004 11:00 PM

Quote:

Originally posted by Kard63
Hey laura. I'm in Indianapolis :Graucho
that makes it convenient

laura99 12-16-2004 11:02 PM

That makes is super convenient. :)

laura99 12-16-2004 11:05 PM

Quote:

Originally posted by baddog
This is who I sent the link to . . . . I guess she figures it will help her business if she doesn't mention that fact :(

Sorry. Baddog sent me. Feel better?

baddog 12-16-2004 11:05 PM

Quote:

Originally posted by laura99
I'm a realtor and I'm here to help! :)

ICQ me or email me.

Would probably be more help if you left contact info for him :glugglug

Twe Russ 12-16-2004 11:07 PM

I have some really good contacts for FL - ICQ me if needed.

Nismo 12-16-2004 11:09 PM

Not only did you find a realtor, but the only one that replied is in your city. That is luck.

baddog 12-16-2004 11:11 PM

Quote:

Originally posted by Nismo
Not only did you find a realtor, but the only one that replied is in your city. That is luck.
nah, I am good at the hook up :)

laura99 12-16-2004 11:12 PM

129740202 ICQ
AIM Laura9999IN
need more than that?

Kard63 12-16-2004 11:13 PM

Quote:

Originally posted by baddog
nah, I am good at the hook up :)
Indeed you are :winkwink:


Hey laura. Are you married to Rictor or does every GFY member in Indianapolis have a pomeranian LOL


If you have a contact on your site I'll send you an email later tonight.

Thanks


and for the person that suggested I break out the phone book...... :321GFY

laura99 12-16-2004 11:14 PM

Sorry I thought my icq was in my profile and the board is being super slow, taking me awhile to respond.

laura99 12-16-2004 11:21 PM

Quote:

Originally posted by Kard63
Indeed you are :winkwink:


Hey laura. Are you married to Rictor or does every GFY member in Indianapolis have a pomeranian LOL


If you have a contact on your site I'll send you an email later tonight.

Thanks


and for the person that suggested I break out the phone book...... :321GFY

Yes I'm married to Rictor. His info is on our site so you can just email me at laura @ lauradillman.com Make sure to put "from gfy" in the subject. I get a ton of junkmail. I'd give you my cell number but not on gfy lol. As far as picking up the phone book LOL, there are over 6000 realtors in the Indianapolis area.

Veterans Day 12-16-2004 11:23 PM

Unless your needing the agent to find these properties for you, forget an agent at this point of the game. If you need to know details as to lender guidelines when applying for investment properties send me an email [email protected] Thats my message board spam addy. We owned a brokerage for 8 years and currently own a title company for 7 years running. :glugglug

Kard63 12-16-2004 11:23 PM

Quote:

Originally posted by baddog
nah, I am good at the hook up :)
Indeed you are :winkwink:


Hey laura. Are you married to Rictor or does every GFY member in Indianapolis have a pomeranian LOL


If you have a contact on your site I'll send you an email later tonight.

Thanks


and for the person that suggested I break out the phone book...... :321GFY

baddog 12-16-2004 11:24 PM

Quote:

Originally posted by laura99
As far as picking up the phone book LOL, there are over 6000 realtors in the Indianapolis area.
and you are the best . . . don't forget to mention that

laura99 12-16-2004 11:34 PM

Quote:

Originally posted by Veterans Day
Unless your needing the agent to find these properties for you, forget an agent at this point of the game. If you need to know details as to lender guidelines when applying for investment properties send me an email [email protected] Thats my message board spam addy. We owned a brokerage for 8 years and currently own a title company for 7 years running. :glugglug
I know several brokers, lenders, investors, investment groups, etc. As far as not needing an agent, I don't see how it couldn't hurt. When buying you don't pay the agent, the seller pays them.

Kard63 12-16-2004 11:37 PM

Quote:

Originally posted by baddog
nah, I am good at the hook up :)
Indeed you are :winkwink:


Hey laura. Are you married to Rictor or does every GFY member in Indianapolis have a pomeranian LOL


If you have a contact on your site I'll send you an email later tonight.

Thanks


and for the person that suggested I break out the phone book...... :321GFY

Veterans Day 12-16-2004 11:38 PM

Quote:

Originally posted by laura99
I know several brokers, lenders, investors, investment groups, etc. As far as not needing an agent, I don't see how it couldn't hurt. When buying you don't pay the agent, the seller pays them.
ya but I will tell him EXACTLY what nonsense brokers will try to pull. Remember I dont benefit anymore from his loan program or rate. People are CLUELESS when it comes to brokers :winkwink:

laura99 12-16-2004 11:38 PM

Triple post!

Kard63 12-17-2004 01:56 AM

An amazing accompishment I know. I was playing world of warcraft and alt+tabbing out every now and then to see if that damn thing ever posted. Each time it was still at the previous screen so I clicked submit again.

laura99 12-17-2004 09:50 AM

Yeah the board is/was all messed up. I used to play Warcraft, just don't have time for it anymore.

Rictor 12-23-2004 09:48 PM

Yah, unfortunately, we are married. :P

hyper 12-23-2004 11:19 PM

Quote:

Originally Posted by Kard63
does every GFY member in Indianapolis have a pomeranian

i have 2, although i dont live in Indianapolis

Andrew-at-ENet 12-23-2004 11:22 PM

I love people that get into rental units that don't understand it. It's people like you that I buy my rental units from for 1/2 what they paid for it


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