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All Forum Posts by: Chris Pasternak

Chris Pasternak has started 29 posts and replied 347 times.

Post: Partnership Responsibility Agreement

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

You know I would have to really dig for it and frankly the relationship ended not so great so I don't think it would be worth your while anyways.  Sorry.  Thanks for checking though

Post: Is rejecting 3 tenants a discrimination in SF?

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302
Originally posted by @Diane G.:

Thank you to ALL of you for care to spend the time to share your thoughts...

I was not trying argue with anyone, just simply trying to get educated...

How are 3 people going to share 1 bathroom?  Seriously?

LOL!  I grew up family of 4 with 1 bathroom...seriously!?!?  If this is what you're concerned about just buy mutual funds

Post: Dave Ramsey recommends buying everything with cash!

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

What's your goal?

IF your goal is to become a millionaire, Dave Ramsey indicates he has done the biggest study of them and they don't talk about how they leveraged "cheap money" to obtain a great ROI. There's also a book called The Everyday Millionaire, a precursor to Dave Ramsey's study of millionaires, same stuff...no credit card debt, paid off house(s), paid off cars, piles of cash in retirement accounts. Not sexy stuff by any means. Are there outliers? Absolutely.

If you prefer slow, steady and proven you might consider Dave Ramsey.

Think about it how much is there to talk about if you've got millions $$$ in your 401k or Roth IRA and paid off houses? On the other hand how fun is it to talk about that latest rehab where you fell from a roof and stand to tell the story? Or how you had some crazy tenant that the only way to get them out was paying them with a gift card to the liquor store? You guys talk about the stories here all the time.

100% of foreclosures happen to people with mortgages.

Again, what's your goal?

Post: Housing Market Crash?

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

Supply/Demand. Pueblo, CO is solid. In the last 24 hours SFR activity we've had 25 new listings, 19 sold and 23 go under contract. I added some interesting national charts below for your review...all charts provided by Keeping Current Matters.

Post: Should I get out of debt before investing?

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

Quickly: 

No debt- simple, more stress free.  

Debt- not as simple, more stress.  

Post: Foundation Issues and Asbestos

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

What did you end up doing?  Are you working with a local Pueblo Realtor?

There are a lot of what if's or unknowns in play in this scenario without much more detail it's hard to give an answer.  It's good to get a quote (for purposes of understanding the problem) from a foundation specialist, however are they the only option for fixing the problem? 

Where was the asbestos?  Was it on the ductwork?  In the floor tiles?  Again, it's good to get a specialist out there (for understanding purposes) and could the work be performed to the property in a manner that handles the issue without hiring a specialist?

At any rate good luck and happy hunting.

Post: Any experience investing in Whitaker, Pittsburgh Pa?

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

They don't call it whit life for nothin'

Post: Pueblo, CO...the next Colorado Springs?

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

Lots of good insight here.  Hats off to some of my colleagues and friends here with their great knowledge of Pueblo. I'm from Pittsburgh (big brother steel town) and the university hospital is a large catalyst for that place and they have attracted a tech sector with Uber, Google and having Carnegie Mellon helps.  

As for Pueblo I see it as more of a retirement area with amazing climate, dry heat, easy to get around and a slower pace about itself.  Either way enjoying seeing this place explode since I got here.  Good luck to you folks.

Post: Southern Colorado new investor.

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

I'm in Pueblo.  Let me know when you're headed down

Post: Is Pueblo, CO a good market to invest in?

Chris PasternakPosted
  • Real Estate Broker
  • Pueblo, CO
  • Posts 365
  • Votes 302

It's competitive.  It's best to be the first one in the door and as Rick said, pull the trigger and then figure it out from there.  I'm happy to give a tour of the area and show past history of deals. Each persons situation is unique.