Comments on: The First Time Real Estate Investor: A Chronology — Part III http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/ Real Estate Investing through Purposeful Planning Tue, 02 Dec 2008 03:44:55 +0000 http://wordpress.org/?v=2.0.11 by: BawldGuy http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9043 Wed, 25 Jun 2008 16:41:41 +0000 http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9043 Readers -- When Brian comments on the state of the lending industry, listening will prove a wise decision. Readers — When Brian comments on the state of the lending industry, listening will prove a wise decision.

]]> by: Brian Brady http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9040 Wed, 25 Jun 2008 14:23:34 +0000 http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9040 Two things to remember: 1- Lenders are indemnifying investors for the defaults today. Any doubt? Ask for more money. be glad you got a counter; most just decline the loan. 2- Everybody is scared of the possibility of fraud. With Wall Streeters and originators being arrested (justifyably so) nobody wants to stick their neck out. Borrowers need to have their documentation in order and understand that it ain't over until the deed's recorded. Two things to remember:

1- Lenders are indemnifying investors for the defaults today. Any doubt? Ask for more money. be glad you got a counter; most just decline the loan.

2- Everybody is scared of the possibility of fraud. With Wall Streeters and originators being arrested (justifyably so) nobody wants to stick their neck out.

Borrowers need to have their documentation in order and understand that it ain’t over until the deed’s recorded.

]]> by: BawldGuy http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9022 Tue, 24 Jun 2008 17:38:09 +0000 http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9022 Grin. Grin.

]]> by: Rob Dawg http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9021 Tue, 24 Jun 2008 17:35:17 +0000 http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9021 Let's just say Mt. Rainier ain't the only peak visible from my hotel window. Let’s just say Mt. Rainier ain’t the only peak visible from my hotel window.

]]> by: BawldGuy http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9020 Tue, 24 Jun 2008 16:27:28 +0000 http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9020 'Sometimes'. Always been a fan of understatement. ‘Sometimes’. Always been a fan of understatement.

]]> by: Rob Dawg http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9019 Tue, 24 Jun 2008 16:24:49 +0000 http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9019 I'll share my observations on Seattle after digesting what I've learned. Favorable first impressions sometimes don't survive the spreadsheet treatment. I’ll share my observations on Seattle after digesting what I’ve learned. Favorable first impressions sometimes don’t survive the spreadsheet treatment.

]]> by: Jeff Brown http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9018 Tue, 24 Jun 2008 16:10:06 +0000 http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9018 We probably have enough of these stories to write a book. My saddest story is a couple who got to retirement while working with us, and decided they didn't need us any longer. In only a few years they were both back working full time. Very sad. Great people too. We probably have enough of these stories to write a book.

My saddest story is a couple who got to retirement while working with us, and decided they didn’t need us any longer.

In only a few years they were both back working full time. Very sad. Great people too.

]]> by: Jeff Brown http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9017 Tue, 24 Jun 2008 16:05:45 +0000 http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9017 [P.S. Rob Dawg is Robert C. on vacation] Duh. I was keeping you undercover 'till you wanted out. :) Getting the ex-spouse to sign the yet unrecorded quitclaim deed is on my Hall of Fame list for 'most fun you can have' while your client's life passes in front of them. [P.S. Rob Dawg is Robert C. on vacation]

Duh. I was keeping you undercover ’till you wanted out. :)

Getting the ex-spouse to sign the yet unrecorded quitclaim deed is on my Hall of Fame list for ‘most fun you can have’ while your client’s life passes in front of them.

]]> by: Chris Lengquist http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9016 Tue, 24 Jun 2008 16:01:12 +0000 http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9016 People are under the impression that an agent's work ends at contract. I really don't even consider that my job has really begun until contract. You've pointed out a few wild cards. I have my own stories. Any agent with over two years of experience has'em. Last night I had a guy tell me he didn't need my services because he had closed 4 of his own purchases over his life so he had enough experience. I said "Great." (I have closed 4 in the last month!) People are under the impression that an agent’s work ends at contract. I really don’t even consider that my job has really begun until contract.

You’ve pointed out a few wild cards. I have my own stories. Any agent with over two years of experience has’em.

Last night I had a guy tell me he didn’t need my services because he had closed 4 of his own purchases over his life so he had enough experience. I said “Great.” (I have closed 4 in the last month!)

]]> by: Rob Dawg http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9012 Tue, 24 Jun 2008 13:10:10 +0000 http://www.bawldguy.com/the-first-time-real-estate-investor-a-chronology-part-iii/#comment-9012 Sadly re-los are becoming as rare as mortgage burning parties. These days you are more likely to run into missing parties. You know, somebody who never filed the quitclaim or the not yet diviorced spouse who needs to sign or laid off inspector who didn't initial the final inspection or the builder gone who had issued the tranferable warranty clause. Getting signatures is harder than herding cats. [P.S. Rob Dawg is Robert C. on vacation] Sadly re-los are becoming as rare as mortgage burning parties. These days you are more likely to run into missing parties. You know, somebody who never filed the quitclaim or the not yet diviorced spouse who needs to sign or laid off inspector who didn’t initial the final inspection or the builder gone who had issued the tranferable warranty clause. Getting signatures is harder than herding cats.

[P.S. Rob Dawg is Robert C. on vacation]

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