So when’s the housing bubble bursting?
- Thread starter Dr. Truth
- Start date
Right. Because these folks have made rent and housing so unaffordable, people are now getting roommates instead of getting their own spots. That will definitely increase inventory.
Inflation Eases For Some Small Businesses But Remains A Serious Problem | NFIB
WASHINGTON, D.C. (Sept. 13, 2022) – The NFIB Small Business Optimism Index rose 1.9 points in August to 91.8, marking the eighth consecutive month below the 48-year average of 98 but reversing some of the declines in the first half…
www.nfib.com
Im planning on doing the Signing Agent prep stuff and exam this Fall too. Im already a Notary, but the Signing Agent side is a different beast. I called the NNA last week to ask which set of material was right based on my current situation (their website is information overload).
How did you prep for the SA exam specifically? Do you feel like the material + exam prepared you for the situations that you encountered initially or did you have to learn through experiences in the beginning?
So far I haven't taken any RE courses, just reading books and trying to attend a few meetups.
Last edited:
If you're a NP, depending on your state's restrictions, you're already are a SA.
I kind of did it backwards by going through NNA and then signing up for the Loan Signing System course. If I did the course first, I would have gotten a discount off of joining the NNA.
I started this process in April and I have been learning as I go. Most of the documents are pretty much the same but you have to double and triple check the docs to make sure you don't miss any signatures. Trust me you will when you start but just be patient and check your work.
I started my RE course last night and I am excited. I should have done this years ago but things happen for a reason.
Yea man Im taking it slow and giving myself until the end of Winter to get up to speed and as educated as possible ahead of the additional responsibilities. I want to be as prepared as possible, plus the fees and insurance and what not.
Thanks for the feedback and keep us post on your journey. All the best.
How do you guys like being a Notary? I’m looking into starting a side business as a mobile notary. Not looking to get rich (I mean that’s the ultimate goal), but looking at another stream of income. Did you create a LLC? Any info would be helpful. Thanks
That doesnt sound shocking.
Yeah that’s high. I wonder is there a breakdown by city and state.
Like in DC, you would need atleast $30,000 for a 1 bed and 1 bathroom condo.
In Columbia SC, you can buy a house for like 100,000 so only $10,000.
My firm paid for my Notary cert., so for the past several years I've only done stuff in-house and for clients. Mostly really simple stuff like registration forms, but it gets a little nerve racking if its something more complicated and they dont let us know ahead of time. It's all pretty simple as long as you follow the general steps and practices, but not always knowing what I'm walking into is my biggest complaint (but that's totally on these knuckleheads I work with and their lack of communication skills). If at all possible try to confirm beforehand what docs you'll be notarizing just to be ready for the assignment.
Thanks!
Thanks for the notary public discussion. Just visited one a little under 2 weeks ago to complete my will and estate planning. It was a pretty smooth process as I had met the NP a few yrs back as my mom was in town and had gotten some other documents signed.
Yeah, the high cost of living areas will bring the numbers up.
Florida's numbers are crazy. For a ~1500 sqft house in a relatively decent area, it's high 200s to low 300s in Jacksonville, and high 300s to low 400s in Orlando. Unsurprisingly South Florida is even higher.
$2500-3000/month with a 10% down payment is going to be out of reach for a lot of Floridians.
Interesting
Brother, this is exactly why I'm leaving FL. I'm just north of Orlando.
The housing costs here are ridiculous, but it's a seller's market. If I can sell my home at $460-$475K, I basically double my money and can buy a home cash up north.
I've been watching the prices continue to rise over the last two years and my wife and I are like fuck it.
Where you going?
Up north where??
I'm a Buffalo native. Moving back home.
Where you thinking of moving too?
I'm going back home to Buffalo (or suburbs). My kids have ZERO family here and I have tons of cousins back home. Also, my mother only sees them like twice a year, want to be closer to her so they have a better relationship with her.
Lastly, financially, it just makes a lot of sense. I owe like 190K on our home and may be able to sell at mid 400K.
I could buy a home/property with cash and not have a mortgage.
This is one we are looking at this weekend. Taking a quick weekend trip up north and scheduled some visits.
Yes it's cold but fuck it, I grew up in that shit. My kids are looking forward to the snow.
Nice bruh. Best of luck to you as well.
Congrats bro, that new house you posted isn't bad, Florida is just crazy, you a smart man..
My family just sits here waiting on Jesus complaining that they broke but won't sell the house and pocket 400k profit due to pride. They don't wanna downgrade, they wanna fake the image.
I tell people all the time most these ballers don't come from Florida, they come here with money to party for a few years before going back home, the people from here are the poorest.