All Forum Posts by: Dave Charron

I own a unique commercial property that has been on the market for a while. I am not in a hurry to sell but would like to see if I have any other options seeing that I have not had alot of interest so far.

My agent has confirmed I am not out of line with my asking price. Im asking $299K, I do have a mortgage for about $140K.

Hypothetically, say I accept a full price offer to pay off my mortgage and I hold the rest. The buyer takes out a first mortgage for the $140K and I would hold a 2nd for my share.

What happens if the buyer defaults on my 2nd? What rights do I have as 2nd lien holder? What possible senarios could play out?

Im reluctant to even admit that I have watched several ephisodes, but I have to say Chad is so corny that it is comical. "Helmet Head" LOL
I guess they were looking for agents that would make an impression on viewers even if it was a negative one!

I meant just the basic info about the deal/properties not address. Giving out the address might be going a little too far for some people.

"Flip" by Clay Davis and Rick Villani-

Just wanted to give everybody a heads up on most likely the best and most thorough book written on flipping houses. I just finished reading this book and feel like I just took a course on rehabbing houses to sell.

They start from the beginning, looking for a house, the homework before you buy, the purchase, rehab, all the way to the sale.

If you guys need a roadmap to get you to the finish, this is it.

I dont think its a big deal, but maybe I am being naive. What could come of it?

Just to add to my post, our city school district is cutting 538 jobs to make budget! 164 of those are teachers! Unbelievable!!!

wow, interesting article. Makes you realize that government has gotten way out of control, and that is a large part of why we are in debt. Bloated government is an understatement.

The problem is that once these programs are instituted it is twice as hard to abolish them. Every try taking a toy away from a baby?

On another note, I think the whole idea of lobbyists should be illegal. I have recently read (cant remember where) that the number of health care lobbyists is at astounding levels. Big Business can get anything it wants, it just needs to hire a lobbyist and make some donations to the appropriate congressman/senator and boom you get what you want. The whole thing makes me want to get sick!

I also agree with shooting for 20 percent profit of selling price and being willing to accept 10 percent if we go way over budget.

WOW Chris, that is quite a large number of properties. Impressive to say the least. You must have many employees to manage showings, repairs, and general tenant issues.
Do you use an attorney to do evictions or is that something you do in house?

My Last try! Nobody has used this or have an opinion on it?