All Forum Posts by: Mark Yuschak

I pay $12 for a yard installed for carpet and pad. This includes tack strip, if necessary. And that's for six lb pad. $3 per yard of that is for installation.

I always go with the same California Berber for each one of my flips. I would never put this carpet in a rental. Rentals get laminate flooring throughout the house.

Booked my ticket too! I'm really looking forward to this!

I got the receipt from Google, but nothing from EventBrite.

If you're as novice as you claim about closing transactions and reading HUD-1s, then how do you know what E&O insurance is for? Did someone plant that seed?

Furthermore, if you really didn't know what you were doing, you should have had your own attorney review the docs.

Either way, you need to pay up the $10,000. Not doing so will make things go from bad to worse, as already stated.

I buy my rehab policies from Zurich. In my area, they're the best price. I get $125K of coverage for $500 which covers me for six months.

Wow, this is terrible news.

I had the pleasure of having lunch with him twice over the past six months regarding a deal I was helping him put together in Portage, MI. We even spoke last week.

He will be greatly missed.

And I'm on the opposite side of the coin (even though I'm also from Michigan)! My model is to buy them in cash so that I have no debt. It takes longer to build a portfolio, but risk is lower and safety margin is greater. Plus, it affords me the opportunity to keep rents low so that I have less turnover. Having note(s) on properties doesn't offer as much flexibility in terms of renting below market rates.

I also maintain cash reserves to be able to rehab/flip properties which meet such criteria for that side of my business...

I agree that Trademark Properties in South Carolina had about the best show for flipping on television. There was very little drama and it seemed factual based.

The latest episode of Flip Men really had me rolling my eyes. If these guys are professionals, you'd think they'd know their market inside and out before placing a bid. I can understand not knowing the details of a house (to a certain extent), but they should at least recognize a street name to know that it's a war zone. Buying a house on a blind bid at an auction when you know it's in a tough neighborhood is just plain stupid. I'd love to see them ACTUALLY make money on it by selling to a retail buyer given all the gang activity. Unreal.

I have heard good reviews about this product: http://www.thereinforcer.com/

It's a product that can be installed by the homeowner (or your contractor) and is a huge cost savings over digging along the exterior foundation wall to shore up the wall with fresh brick and mortar.

If he wants to finance the deal, complete the transaction with his funding, then record his interest as a mortgagor with the register of deed.

Bryan is definitely right.

On the other hand, don't over analyze to the point of taking no action. Many investors will analyze a deal to the point of not ever making the deal happen. Proceed with caution, yet take action!