All Forum Posts by: Adam Craig

Any idea on the cost to rebuild these steps with brick/slabs?  Cleveland Heights wont allow wood.

In the Cleveland suburb market we have to deal with point of sale inspections from the city as I know other flippers are used to. Normally I like to deliver a house 100% compliant so the buyers can move right in without assuming any city violations.

We are getting ready to list a house right now that we cannot make violation free because the front steps leading to the front door need to be rebuilt with bricks/masonry. We purchased the house in winter and we built wooden steps to make it safe/operable and because the weather wouldn't allow us to do masonry right now. The city of Cleveland Heights requires you to replace everything with what was there before so they wont allow the wooden steps.

What is the best way to work this out in the sale? Should we just tell the buyer they have to assume the front step violation or can we write in the contract that we will build them when the weather permits this spring? The house will be very desirable because everything is new but I dont want this to turn buyers off.

Forgot to ask - why would it not matter if she gave up her side of the commission. Would the REO agent not receive her cut?

I had similar situations where I came in at full ask on a property listed for 60+ days and they decided to go with another offer. I feel like something fishy goes on sometimes.

What about HUD homes for you? I used to get HUD homes often and now they never get past the exclusive period unless its in the ghetto. I spend all this time monitoring to see when the bid will open to investors and they always extend it until it goes under contract.

I am not new to real estate - We have purchased and rehabbed 28 properties but only sold 3. The rest rentals for now. But my wife is a new real estate agent so we can use some tips.

My wife recently got her real estate licence which I asked her to do to help with our rentals/flipping. I have a property that will be ready next week. Are there any strategies out there as far has descriptions working or day of the week to list on or amount of days to wait until an open house?

So far we are -

• Having it staged
• Getting professional photos ($200)

I know the time of year is not great but is there a good day to start the listing and a certain amount of days to wait for an open house? I plan to price it pretty competitively.

I have had a hell of a time getting anything under contact lately and my 2 crews are almost done with 2 of my recent projects and I have know where to send them. 

My wife recently got her real estate licence and she has been making all my offers but so far 6 strike outs.

We are almost always going in above asking - no contingencies - cash (hard money) - 21 day close date. But I continue to get the message "seller has decided to go with another offer".

These properties are all bank owned junkers for the most part. Is there anything more aggressive (aside from higher offer) that I should be doing? I checked the history and one of the properties I didn't get actually had a lower accepted offer then mine by 2K - what gives?

Are there a lot of "relationship deals" going on out there where agents do deals with the same investors? Do banks typically care how fast you close - thinking of changing it to 15 days which we can normally do.

I have I have shopped Brokers before. Because of my market most of my refinace deals are just under $100,000 so the fees when adding Brokers get a little bit ridiculous. By the time it's over and done with it would be over 5% of the deal which I'm not okay with.

I've been there and done that but thank you. I did about 8 deals with two different portfolio lenders in my area after calling 30 plus. both of them pumped the brakes with me because I purchased about 10 properties last year and they want to see how those properties perform before they keep going. But by the time those properties show good rent rolls I have 8 more properties that are new with no track record so I am always looking risky even in the eyes of portfolio lenders.