“Hi Gary. I know you always say to talk with a banker before looking for homes, but my parents will co-sign for me and loan me money for a down payment. Do I still need to?”
***ANSWER:
Yes!
I had a client in your exact situation and it turned out that having their parents co-sign actually [...]
“When I sell my home, I want to sell As Is and not have the buyer ask for a bunch of repairs. Can you write a 100% binding contract up front for the buyer to take a home As Is? ”
***ANSWER:
Probably. But you wouldn’t want to.
Here’s why…
You’d have to write such an [...]
“How many homes does someone usually see before they buy one?”
***ANSWER:
In my experience, once someone starts seriously looking, they actually walk through about ten homes (not counting open houses) before they buy one.
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“I’m a new investor and want to know if I should fully furnish apartments. Or should I just supply a stove and refrigerator?”
***ANSWER:
Go for just the stove and frig. I don’t like furnished apartments because the tenants are more transient and there’s more cost and hassle dealing with broken and worn furniture.
Discover Your [...]
“My wife and I have 2 kids in elementary school and we’re thinking of selling and moving to Poway for the schools. I keep up on the market and I’m pretty sure my home is worth about 700K. But an agent told me someone is building 2 new homes similar to mine a block away [...]
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