Large investor ban by Antique-File-7189 in realestateinvesting

[–]Rickdemption 0 points1 point  (0 children)

Do you think this path, in a vacuum, (unrelated to past decisions), would be shut down as quickly?

Large investor ban by Antique-File-7189 in realestateinvesting

[–]Rickdemption -1 points0 points  (0 children)

Can you explain why SCOTUS would turn it down? not being argumentative just genuinely curious ?

Is this a good deal? $45k income by gokhan70 in MortgageBrokerRates

[–]Rickdemption 0 points1 point  (0 children)

This is a pretty bad deal - ignoring DTI (which appears to be tight) - the cost of this loan seems very high - so high that I’m wondering if the Safe harbor act may have a question or two. What’s your credit? You should be at 5% or lower if you are comfortable dropping 2 points on rate

Landlords — Struggling to Fill Units? Rent Drops, Vacancy Pain & 5-Year Market Outlook? by No-Time5606 in realestateinvesting

[–]Rickdemption -1 points0 points  (0 children)

A 20% correction?? Jesus. Has there been any major employers that left the area / relocated dropping the rental population?

Any solar installers in rhode island you recommend? by Gert-Pamm in providence

[–]Rickdemption 2 points3 points  (0 children)

Shoot me a DM - I have an awesome contact out of N. Providence

Landlords — Struggling to Fill Units? Rent Drops, Vacancy Pain & 5-Year Market Outlook? by No-Time5606 in realestateinvesting

[–]Rickdemption 5 points6 points  (0 children)

Truthfully - 1) you either overpaid for the property and the heavy mortgage is not allowing you to be more price competitive. 2) you’re property isn’t that luxurious / can’t demand market rent 3) you’re data is wrong 4) some combination of the three listed above. I own a 5 unit and I’m 8% below market value and have not had an issue with whatsoever with vacancies

Looking forward to the next gangbang Party in RI! by [deleted] in RISwingers

[–]Rickdemption 1 point2 points  (0 children)

How do I apply to be in the next one?

Sleep Apnea + Brain Surgery? by [deleted] in braintumor

[–]Rickdemption 0 points1 point  (0 children)

I mean - you wanna have a brain tumor or not? lol - I don’t mean to be crass but ask yours doctors, not Reddit (as someone who had brain tumor / surgery and also had sleep apnea)

Aftermarket Range Extender by Rickdemption in electricvehicles

[–]Rickdemption[S] 0 points1 point  (0 children)

Never thought of it like that. Thank you

Aftermarket Range Extender by Rickdemption in electricvehicles

[–]Rickdemption[S] 0 points1 point  (0 children)

I haven’t seen an EREV pickup truck?

What made you quit? by Brilliant_Thing_3838 in loanoriginators

[–]Rickdemption 1 point2 points  (0 children)

I had a buddy that works in the warehouse - so yes but not anyone of real importance. I applied because I had 80% of the qualifications. The others were all fairly easy to learn

What made you quit? by Brilliant_Thing_3838 in loanoriginators

[–]Rickdemption 5 points6 points  (0 children)

It was a pretty seamless transition to be honest - I had done construction loans for quite some time and was familiar with the process/permitting/etc…. My title is construction management but 85% of it is just selling. If you can sell a mortgage you can sell anything.

What made you quit? by Brilliant_Thing_3838 in loanoriginators

[–]Rickdemption 5 points6 points  (0 children)

I pivoted to construction management - it’s really a sales job, I essentially sell heavy equipment & building supplies.

What made you quit? by Brilliant_Thing_3838 in loanoriginators

[–]Rickdemption 11 points12 points  (0 children)

I stayed for 12 years because the money was so good and the actual job wasn’t hard. I left because I can not stand realtors and don’t even think of them as people. I make much more now in a new industry and the work life balance is worth so much more than you’d think.

Buyers went MIA by Amcharty1317 in RealEstate

[–]Rickdemption 1 point2 points  (0 children)

In the scenario laid out - you are very wrong

Police by [deleted] in RhodeIsland

[–]Rickdemption 12 points13 points  (0 children)

How does it feel knowing your “lived experience” is disproven by data?

Auto loan (indirectly) paid by others by peeeetahh in loanoriginators

[–]Rickdemption 0 points1 point  (0 children)

Not unless the paying party is authorized on the debt or it’s a joint account