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    Friday, March 2, 2018

    Those who live off their cash flow, how much do you make? Real Estate

    Those who live off their cash flow, how much do you make? Real Estate


    Those who live off their cash flow, how much do you make?

    Posted: 01 Mar 2018 04:03 PM PST

    And how many buildings/units?

    submitted by /u/Toxito
    [link] [comments]

    Need help starting a foreclosure cleaning llc

    Posted: 01 Mar 2018 10:38 AM PST

    Alright guys I'm pretty much at the end of my rope here job wise.

    Currently I'm a grounds keeper for apt buildings and town homes and whenever we get evictions they normally send me in to remove everything from the unit including the carpet, furniture, trash, left behind clothes, etc...

    But here's my issue, I work full time here but they only have work for me to do maybe once or twice a week and the rest of the time I spend wandering around collecting trash rain or shine even if there is 0% trash on the ground I'm still suppose to search through the grass and cracks in the sidewalk for old cigarette butts or bottle caps. It's incredibly mind numbing doing that for 8hr a day

    So here's my questions that could improve my life greatly if answered

    Can/should I try and start my own foreclosure cleaning company where I clean out old homes and repaint/restore it to its original condition? It'd basically be what I do now exept I'd be my own boss

    Where should I start in making this business?

    I heard foreclosure cleaning businesses are dying out because the 2008 crash is almost fully recovered but is this true? I also have a 1/500 foreclosure rate in my area and my state is particularly ripe with foreclosures due to drug abuse.

    I also plan on purchasing a Toyota tocoma to haul away junk and use as a personal car but I'm hesitant to buy the truck because I'm afraid my LLC plans will fall through.

    Also I'm 22 so would that hurt my chances due to the fact people wouldn't want to choose a younger guys business?

    Where would I start to find jobs once I finalized the company? Do I just call the bank and ask about foreclosed homes and hope they choose me to restore it?

    Also I plan on having 1 other employee with me (my best friend of 18yrs) and I plan on making us both legal owners of the company. Is this a good idea? (I definitely trust him)

    Any help will be greatly appreciated. Right now I'm sitting in a dusty old utility room incredibly upset about how all I want to do is work but there isn't any work for me here (trash is 200% picked up and it's pouring rain)

    BTW I'm located in the Maryland/West Virginia area

    submitted by /u/novacwittman44
    [link] [comments]

    Question: what are the cheapest states to buy land?

    Posted: 01 Mar 2018 03:32 PM PST

    If I wanted to buy a decent amount of land and build a ranch, where would my cheapest options be? (USA)

    Thanks!

    submitted by /u/Ifeelitsometimes
    [link] [comments]

    Mortgage Brokers how much do I need for downpayment?

    Posted: 01 Mar 2018 03:57 PM PST

    Hi all, I currently live in Boston. Back in 2010 I bought a 3 family in Boston with my sister as co-owner, we still hold the property and we currently live on one of the floors. Last September I bought a 2 family on my own in Providence, RI for 205k as investment property. I would like to purchase maybe a 1 or 2 family in Pawtucket/Providence for myself as owner occupied, would I still need to put down 20-25% or would the downpayment be lower since it will be owner occupied?

    submitted by /u/BuildingWealth30
    [link] [comments]

    INSANE KOREAN SPECULATIONS: Where It All Started

    Posted: 01 Mar 2018 09:22 PM PST

    The Insane Kimchi Premium: Where It All Started

    June 1966, Kim Hyeon Ok was just elected as the mayor of South Korea and was holding a meeting with the executives for planning out the Southern land of Korea. The land before them spread out 8km (miles) from East to West and 5km(miles) from North to South. After continuous meetings, what they discussed, planned, and executed became the bedrock of South Korea's extremely speculative land prices that made stock trading look like a Chihuahua. That same year, December 28th, an official statement from the Ministry of Land, Infrastructure and Transport announced that those land was confirmed for a land readjustment project. And thus, the history of South Korea's most priced land, Gangnam, started.

    Even until the official announcement, land was not even slightly considered as a speculative product and the word speculation in Korean which is '투기-Toogi' did not even exist in the Korean dictionary. However, in January 1966, when the Hannam bridge started developing, land prices skyrocketed. The below is a quote from a testimony of Son, Jeongmok, the chief of the Department of Urban Planning:

    ""Nobody knew that the 3rd Han River Bridge would be the catalyst of the so-called"Maljookgeori Legend" that skyrocketed land prices in Gangnam; not even President Park Chung-hee, Mayor Yoon Chi-young, and Hyundai E&C who were in charge of the construction."

    Now, let's take a look what Maljookgeori(which means, Horse food street, the most priced real estate known as Gangnam today) Speculation is.

    The History of the Infamous Maljookgeori Speculation

    In 1965, Maljookgeori was full of fields and paddies. The only town that existed was a small grass town near to the Education and Culture Center. However, rumors of making quick money started to spread in 1966 with the city of Seoul announcing their development plans. The realtors in Maljookgeori didn't even have roads in front of them entailing people to walk all the way through the paddy fields. According to Kim, Eunsook (65), Maljookgeori land price was 300 KRW (27 cents) per 35 square foot and in 1969, after the Kyeongbu expressway was built, land prices rose to 6000 KRW (6 USD).

    Now, prices near to Yangjae station in Gangnam is peaking 60 million KRW (60,000 USD) per 35 square foot. This means that land prices rose 2 million x in a period of 40 years.

    So, does this mean that the Gold Rush like speculation of land prices are now over? No, land real estates are speculated repetitively with Newtown developments and business complexes being planned, confirmed, built, and initiated.

    For example, land prices near to Cheonan/Asan Station was 50,000 KRW (50 USD) in 1996, along with the official announcement, land prices started crawling up and skyrocketing 800 times to 40,000,000 KRW (40,000 USD) by 2002. Land prices near to Jijae Station was 500,000 KRW (500 USD) and in than 3 years, land prices rose to 15,000,000 KRW (15,000 USD) entailing a 30x investment profit in a span less than 3 years.

    History of Korean land speculation is written each day with the country voraciously expanding and businesses consuming upon opportunities. Korean land real estate agents such as myself, are just loving these times and invite you to participate as well.

    In the next episode, I will be going more in depth with strategies of how to get in at the right time with the right analysis, along with that, I will be writing a post with a guide to foreigners investing in Korean lands.

    Question below if you have any ;)

    Happy crypto, and Happy land investments :)

    Chel Kim, VP at JS Development & Investments

    submitted by /u/cwk0100
    [link] [comments]

    Is r/realestate too vague?

    Posted: 01 Mar 2018 10:38 AM PST

    Mods, shut this down if it's not a productive topic?

    What is this subreddit for? I have been active here for a long time, and there seems to be a tension between real-estate-as-business and real-estate-as-personal.

    On one side are the posts about managing tenants, formulas for ROI, realtor tips and tricks, and other activities wrapped up in making money from real estate investing.

    On the other side are questions from first-time homebuyers about mortgages, appraisals, opinions on when to purchase or how much house to purchase. These posts range from personal finance questions to real-time situations about home inspections that need to be resolved quickly.

    I know r/realestate has filters for some topics. Are the filters enough? Do we need two separate subs: one for real estate business and one for personal real estate?

    submitted by /u/SherpaForCardinals
    [link] [comments]

    Recording rescinded?

    Posted: 01 Mar 2018 11:05 PM PST

    Has this ever happened to anyone? First time buyers, my husband and I bought a townhouse in Phoenix from Opendoor. They agreed to some repairs including a plumbing issue and replacing the HVAC. We were told everything would be done by 2/23 to close on 2/26. Final walk through on 2/24 showed the thermostat wasn't working. Our realtor asked the seller about it and they promised to look into it. We signed loan docs on 2/26 and heard on 2/27 that the plumbing was not fixed yet. They eventually told us to have the company that did the inspection do the repair and they'd pay out of escrow. Great! Lined that up to be done 3/1 and scheduled funding and recording so we could move in 3/2.

    On 3/1, Opendoor tells us the HVAC was never replaced but they'll do it that day. We hear from the plumber that it's a much bigger issue than they thought after the wall is opened up, quote goes from $1800 to $6000. At this point we've already recorded, property is in our name. Our realtor goes to Opendoor to ask them to cover new plumbing issue and they rescind the recording until further notice.

    Our lender has never seen this happen. We're supposed to be out if our rental by Monday. Wondering what people more experienced with real estate think will happen in this situation. Are we likely to close eventually or should we look for a new rental?

    Another issue: plumber found the sewer line likely needs replaced. Our understanding is the HOA would cover this so we didn't ask Opendoor to pay for it but they seen to want verification from the HOA on that issue.

    submitted by /u/whiterabbit8118
    [link] [comments]

    [CA] Gift money for down payment in excess of 20% purchase price?

    Posted: 01 Mar 2018 04:42 PM PST

    [First time buyer]

    SO and I are fortunate enough to receive gift money from both of our parents and looks like we will have well over the 20% down payment we were planning on.

     

    In such case.. should we just plunk down all the money into our down payment (~30%) for smaller monthly payment or make 20% down and keep rest for reserves?

     

    Our purchase price range will be ~600K. SO and I make 200K+ annually but have very little savings due to having been in school for a long time. I personally think having some extra reserves in the bank will make me feel safe, but at the same time smaller monthly payments sound pretty awesome too, so wanted to know what the generous consensus was. Appreciate your input!

    submitted by /u/clairenim
    [link] [comments]

    Construction to permanent loan

    Posted: 01 Mar 2018 10:39 PM PST

    Has anyone ever done it?

    I'm interested in using it to purchase land and build. Currently own one house and would rent that out. I currently live in Washington D.C but will be moving to Hawaii next year.

    Any advice on it?

    What things do people often overlook when building custom?

    Anyone have success on the VA loan with this?

    submitted by /u/BurningBushes2000
    [link] [comments]

    INSANE KOREAN SPECULATIONS : The History of Kimchi Premium

    Posted: 01 Mar 2018 09:59 PM PST

    The Insane Kimchi Premium: Where It All Started

    June 1966, Kim Hyeon Ok was just elected as the mayor of South Korea and was holding a meeting with the executives for planning out the Southern land of Korea. The land before them spread out 8km (miles) from East to West and 5km(miles) from North to South. After continuous meetings, what they discussed, planned, and executed became the bedrock of South Korea's extremely speculative land prices that made stock trading look like a Chihuahua. That same year, December 28th, an official statement from the Ministry of Land, Infrastructure and Transport announced that those land was confirmed for a land readjustment project. And thus, the history of South Korea's most priced land, Gangnam, started.

    Even until the official announcement, land was not even slightly considered as a speculative product and the word speculation in Korean which is '투기-Toogi' did not even exist in the Korean dictionary. However, in January 1966, when the Hannam bridge started developing, land prices skyrocketed. The below is a quote from a testimony of Son, Jeongmok, the chief of the Department of Urban Planning:

    ""Nobody knew that the 3rd Han River Bridge would be the catalyst of the so-called"Maljookgeori Legend" that skyrocketed land prices in Gangnam; not even President Park Chung-hee, Mayor Yoon Chi-young, and Hyundai E&C who were in charge of the construction."

    Now, let's take a look what Maljookgeori(which means, Horse food street, the most priced real estate known as Gangnam today) Speculation is.

    The History of the Infamous Maljookgeori Speculation

    In 1965, Maljookgeori was full of fields and paddies. The only town that existed was a small grass town near to the Education and Culture Center. However, rumors of making quick money started to spread in 1966 with the city of Seoul announcing their development plans. The realtors in Maljookgeori didn't even have roads in front of them entailing people to walk all the way through the paddy fields. According to Kim, Eunsook (65), Maljookgeori land price was 300 KRW (27 cents) per 35 square foot and in 1969, after the Kyeongbu expressway was built, land prices rose to 6000 KRW (6 USD).

    Now, prices near to Yangjae station in Gangnam is peaking 60 million KRW (60,000 USD) per 35 square foot. This means that land prices rose 2 million x in a period of 40 years.

    So, does this mean that the Gold Rush like speculation of land prices are now over? No, land real estates are speculated repetitively with Newtown developments and business complexes being planned, confirmed, built, and initiated.

    For example, land prices near to Cheonan/Asan Station was 50,000 KRW (50 USD) in 1996, along with the official announcement, land prices started crawling up and skyrocketing 800 times to 40,000,000 KRW (40,000 USD) by 2002. Land prices near to Jijae Station was 500,000 KRW (500 USD) and in than 3 years, land prices rose to 15,000,000 KRW (15,000 USD) entailing a 30x investment profit in a span less than 3 years.

    History of Korean land speculation is written each day with the country voraciously expanding and businesses consuming upon opportunities. Korean land real estate agents such as myself, are just loving these times and invite you to participate as well.

    In the next episode, I will be going more in depth with strategies of how to get in at the right time with the right analysis, along with that, I will be writing a post with a guide to foreigners investing in Korean lands.

    Question below if you have any ;)

    Happy crypto, and Happy land investments :)

    Chel Kim, VP at JS Development & Investments

    submitted by /u/cwk0100
    [link] [comments]

    Looking for investor friendly Real Estate agent

    Posted: 01 Mar 2018 09:38 PM PST

    Brooklyn Cash investor working with 1-4 unit homes seeks investor friendly agent to work with.

    submitted by /u/Bohdan28
    [link] [comments]

    What is the average cost of a 3br/1ba in your town?

    Posted: 01 Mar 2018 09:29 AM PST

    I've just put an offer on my first house in Norfolk VA. and I'm always shocked at what other places pay for housing. I paid 150,000 for a turnkey house in a low to mid neighborhood.

    This is considering average construction grade

    In Norfolk, the average prices are...

    Bad Part of Town 90,000-140,000

    Middle Part 160,000-220,000

    Nice Part 240,000-400,000

    What are they were you live?

    submitted by /u/THUGGERSEASON
    [link] [comments]

    Is offering a one time, non negotiable offer wrong?

    Posted: 01 Mar 2018 05:23 PM PST

    We live in a small town (Canada, ON) and houses have not been selling at their asking price. We offered 145,000 on a 165,000 home. We did so as this is what we believe the house is worth at MOST and we could only afford 150,000. Was it bad to offer 145,000 final offer? We really want this home, but will not over pay for it.

    submitted by /u/EmeraldButterfly
    [link] [comments]

    Should I purchase a home with a Vivint Solar system already installed?

    Posted: 01 Mar 2018 03:09 PM PST

    I've entered into escrow on a house that has had a Vivint Solar system for the past 3 years. Today the sellers asked me to contact Vivint and transfer services. When I reviewed the contract, I was shocked. You can easily Google the pro's and con's online and old archived articles from Reddit. But now we're in 2018 and I'm wondering what has changed. I've reached out to the users that posted 2 yrs ago to see what they did and lessons learned, and I've done a fair share of research today. This is in LA County, CA.

    Another question or potential problem. I'm only going to live there for 3-5 years and could sell/rent (depending on the market). So if I rent will the renters have to use my solar product for power, or can they reject it and say they'll only pay the Utility Company?

    edit- After speaking with Vivint, they offer sellers buyouts. For us it will be ~$16k in this circumstance. But, if I take their lease the buyout price goes back up to ~$27k. But, if i sell in 3 years when i retire, the buyout goes back down and will be ~$13k.

    submitted by /u/Downvotemaximillion
    [link] [comments]

    Can I get the seller's agent to let me view the property, then I submit a contract with a buyer's agent? [Colorado]

    Posted: 01 Mar 2018 08:50 PM PST

    There is a great company that works in a metro city but not directly in one of the suburbs where I'm looking. They work with buyers for a flat fee and will refund the rest of their buyer's agent commission back to the buyer. However, because they aren't in the exact city I want to buy in, they can't show me the houses. I would need to contact the listing agent to let me view (I won't sign paperwork with them letting them represent me), then I can get the nearby company to help me with the contract phase for a flat fee. I just want to make sure that the information is correct that as long as I don't sign any paperwork with the sellers agent, I am all good by later submitting an offer being represented by someone else asking for their standard buyer's agent commission later most of which will be given back to me).

    submitted by /u/amiatthetop
    [link] [comments]

    Mechanic's Liens

    Posted: 01 Mar 2018 08:40 PM PST

    About 10-11 years ago I purchased my townhouse here in WA. It was new construction from a well-known builder in the area at the time. I've been contemplating selling my home and today I just so happened to look at my County Assessor where I noticed in the recorded documents that there are two mechanics liens related to the original construction which were filed about a month before I closed.

    As a little further background, just after the downturn things went sideways for the builder and they ended up going under among several other legal issues.

    With the builder no longer in business, can anyone tell me what repercussions this will have if/when I go to sell? Would my mortgage lender not have pulled a preliminary title report and caught this prior to closing to ensure the title was clean to protect their security interest?

    submitted by /u/yip1234
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    OR, Selling my house and buying a transferable home warranty pre-sale.

    Posted: 01 Mar 2018 08:33 PM PST

    Does anyone have experience with this? I want to make sure that it will transfer to the new owners for their piece of mind. Suggestions as to who to choose and why would be appreciated. They all price out about the same once I pick everything I want covered.

    submitted by /u/tempestuscorvus
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    Looking at getting a one bedroom condo for primary residence/ future rental

    Posted: 01 Mar 2018 08:18 PM PST

    So as the title says I am looking at a condo outside of Seattle for roughly $130k with a 5% downpayment. I plan to live here until my career starts moving forward and I get a new position at work to buy a larger place. So my question is if my Mortgage/Taxes/HOA equate to roughly $1200/month on a one room and 600 sqft, how much can I possibly see from rent? I've been out of the rent game for some time but I can't imagine charging much more than that.

    submitted by /u/StoicAthos
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    Will this kill my financing app?

    Posted: 01 Mar 2018 03:51 PM PST

    Looking to buy my first home and lock in a rate before rates and prices climb even higher. Though I'd like to do it asap, I'm worried that a new student loan that will be disbursed in April will kill a mortgage application. Am I able to give a lender prior notice to expect this to pop up on my credit report prior to closing?

    Edit: Located in CT

    submitted by /u/karmint1
    [link] [comments]

    Realtor isn't getting my home appraised before we sell?

    Posted: 01 Mar 2018 07:29 PM PST

    California, USA

    Wouldn't the buyers lender require them to get an appraisal? I am worried the house may appraise for significantly less than our asking price. The realtor feels the home will go for what it's comps are, however the inside of the home hasnt been renovated since the 70s..

    On a side note the realtor is asking us to spend 5000$ on new paint for the interior of them home. Is this really necessary to sell and or increase value?

    submitted by /u/ruwheele
    [link] [comments]

    Question on options selling a rental home (Denver CO)

    Posted: 01 Mar 2018 07:20 PM PST

    When my wife and I got married, we started renting the home she owned. We have been renting it for about 10 years now, and we have decided to sell it. We have a somewhat unique situation I think.

    About the house

    • We owe about $140K on it

    • We think its worth about $425K (about 2x what my wife paid for it.)

    • The home is old -- 1890s. It has a known structural issue, but the structural issue as not changed in the last decade.

    • The home is small ~900 sq.ft., but on a fair sized lot (5800 sq. ft.)

    The options on selling

    Option 1 A previous renter expressed interest in buying the home when she was a tenant. We told her we would talk to her first if we ever decided to sell. We recently let her know, and she reiterated she is interested, and said she was pre-approved.

    Option 2 The neighbor is a Realtor. She also expressed interest in buying and/or selling the home. She supplied us with comps (I haven't had a chance to dive deep on them) and suggested price came from her. If we sold to the tenant, we would only pay half the Realtor fees (2.8%). If the neighbor bought the house we would pay no Realtor fees.

    Option 3 We may have the funds to remodel the home, in hopes of selling it for a higher price. I don't know much about the business, and I'm not sure how to determine roughly if this would make us more money.

    Option 4 Obviously, we could just sell it on the open market. There is a chance that it may sell to someone for the "land value" and the buyer would scrape and build something else.

    My thoughts

    When we talked to the Realtor, she basically laid out the 4 options. We didn't talk too much about the remodel option. Obviously, as a potential buyer, she has motivation to under-price the property. She has said as much and told us she is being open as possible. The only tools I have to judge that is a deep dive on the comps list, and Zillow (estimates $460K) which I don't really trust either.

    The disadvantage of going to the open market would be that we would need to do some clean up. Painting, yard work, and we have the potential that inspection turns up a bunch of things that end us losing money over option 1 and 2.

    The disadvantage of #3 is that I don't know what I'm doing. But fundamentally I think of it as, if some developer is going to buy it and remodel it for a profit, why can't I be the developer? Are developers usually GC's so they don't have that overhead? I tried to research price per square foot for remodeling, and it wasn't clear that a profit was to be made this way. Maybe this topic should be a different post?

    Any feedback on our options or things we may not be thinking through?

    submitted by /u/GravityTracker
    [link] [comments]

    Looking for advice with our “great” tenants who’ve changed since we left the state...

    Posted: 01 Mar 2018 07:18 PM PST

    What do I have to watch out for regarding shared driveways?

    Posted: 01 Mar 2018 07:56 AM PST

    My wife and I are looking in neighborhoods where parking is at a premium. A lot of the poperties do have sufficient parking but almost all of them were built to share a driveway with the house next door.

    For example, the property we're looking at today shares a one-lane driveway with the house next door but the driveway opens up towards the back. There are two 1-xar garages built (attached to each other) and then a second garage was added (also attached) for the home we're interested in.

    I'm mostly wondering how shared driveways may affect property values (given that almost all houses nearby also have them) and how that works with property lines, snow removal, etc. Is it essentially up to the two families to "work that out"? Does the property line run up the middle of the driveway (probably not a question that can be answered but in general)?

    Thanks

    submitted by /u/shady1397
    [link] [comments]

    Listing my first high-end property, need help with marketing (Vermont)

    Posted: 01 Mar 2018 06:33 AM PST

    Hello fellow realtors -

    DISCLAIMER - I'm super green to this industry, I just started in an office two weeks ago.

    However, I have an already pretty good sphere of influence in the area where I live. I've been working as a caterer, event planner, and bartender in this region for the last 8 years and I've worked for and with a lot of people, some of the wealthiest in the area. A past client of mine who I have catered many parties for approached me last week, he wants to sell his home. Its a beautiful property with a lot of special amenities - 30 acres, hot tub, sauna, pool, a custom HALF PIPE in the basement. 4BR, 3 FB.

    I've been working on my CMA all week, we meet this afternoon. I know that he wants to list the house at 650k, but I've looked at comp after comp (which is actually really hard to find, we are somewhat rural so good active/pending/recently sold comps are hard to find) and I can't see him listing it at that price. My analysis is that we should list at 550k as priced to sell. Having worked in his kitchen, he desperately needs a reno in there. The house was built in 1980 and the appliances in the kitchen haven't been replaced since then.

    Also, the Redfin/Zillow Zestimate lists it for 525k, which I know in many cases isn't super accurate, but its what buyers are looking at now.

    My strategy going in - saying we should list it at 575, knowing that we will probably get offers in the 550 range. OR we can reno the kitchen quickly, and then list it at 600. But I have a feeling he really is going to want to list at 650.

    Input or advice greatly appreciated - TIA

    submitted by /u/ktblue22
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    FTHB - this is my process and what I have completed so far. Please share any advice or experience that will help me along the way. I’m new to this so all advice is welcomed.

    Posted: 01 Mar 2018 06:13 PM PST

    Home buying process 1/14/2018- apply for loan online 1/17/2018- loan officer went over what we qualified for and discussed rates 1/30/18- loan officer daughter passed away between applying for loan and didn't hear from here during this time. 1/31/2018- found a buyers agent 2/6/18- found property that had been sitting on the market for 3 months. 2/8/18- submit full offer with 5% in closing cost paid by seller. 2/8/18- informed it's a bidding war and send best and highest offer by 2/9/18 noon 2/8/18- increase offer over 3k in asking and ask for 3% closing cost with inspection contingency of 7 days to back out 2/12/18- informed offer went to another buyer with higher offer 2/13/18- start back house shopping 2/15/18- realtor calls and says the listing agent stated the other buyer didn't have financing in place and they wanted to go with us. 2/16/18- agent sent contract but it only had 1% closing. Disagreed and sent it back. The listing agent claimed she made a mistake. 2/19/18- lender opens a portal for us to send all documents. Updated all requested documents and find house insurance. Thank God I was off on Presidents' Day bc it took all day. Total of 25 documents. 2/20/18- contract comes back correct and we sign it
    2/22/18- seller ask for earnest money to be submitted to company and we send it over. Didn't feel comfortable doing it without a contract but the house is going for a deal. 2/23/18- inspection completed on the house but we still don't have contract back from agent 2/23/18- lender sends over loan disclosure 2/24/18- inspection report comes back with about 3k worth of minor repairs 2/26/18- ask buyer agent to reach back out to seller for binding contract as its holding up financing bc they need the contract to start. 2/26/18- receive binding contract 2/27/18- called the loan officer and discussed I wanted to close on the 22nd and not the 30th bc I have vacation the week coming up. She said I should be receiving an email from the loan processor and she'd send him an email. I haven't received it yet. I plan to follow up with them on this 3/9/18. 3-1/18- had roof inspected by roofing company bc inspector couldn't get on roof and noticed double shingles. Estimate came back at $900 to replace a vent and a few pipe boots.

    As a first time home buyer, I'd appreciate some feedback. Unfortunately, I haven't been kept in the loop much with the lending company. They have an app that has 5 milestones 1. Welcome letter - items needed 2. Welcome letter- submitted to UW 3. Conditional approval 4. 10 day letter 5. Final approval letter.

    While I've sent everything and via email they sent a welcome letter but the milestone has been updated as complete online or the app, therefore, idk if I have or have not completed this task.

    submitted by /u/christmasMom87
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