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All Forum Posts by: Marci Stein

Marci Stein has started 207 posts and replied 931 times.

Post: Is Mindset all that important in REI?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 946
  • Votes 503

“Whether you think you can or you can’t , you’re right ! “

Post: As Is Can’t negotiate further?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 946
  • Votes 503

My understanding “as is “

means you are buying it as is - 

the seller will not do anything . 

that does not mean you can’t amend your offer. 

Post: Follow the Money or The beauty ?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 946
  • Votes 503

Roy - you’re in the same situation as me. I’m dependent on cash flow for income. Not sure I can pay my own expenses with good looks!

Post: Follow the Money or The beauty ?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 946
  • Votes 503

Didn’t realize that . I
always have long term renters. 
In this case , if I have a vacancy for one month it would cost me $1800

Post: Follow the Money or The beauty ?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 946
  • Votes 503

That is a good point however it’s hard to imagine any tenant who can pay such a high rent without being able to buy some thing themselves. So I’m not sure if the tenant pool will be any different there might just be more of them to make the rent

Post: Follow the Money or The beauty ?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 946
  • Votes 503

Found a gorgeous brick ranch with two car garage 10 minutes away for $259 k.   Asking price is good. 

problem is - taxes are 7000 a year 

and it would rent for $2000 a month which means I’d make 200 profit. If vacant I’d need to cover $1800 A month loan payment. 

Most of my other rentals are in bad areas and I make 600 a month from them but they are certainly not beautiful.
Trying not to let my emotions get the best of me and to follow the money not the beauty . 
anyone ever had to make a choice like this before? how’d it go?

Post: Auction buy with no lawyer?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 946
  • Votes 503

The county  is selling a few houses in my area online . I was told by the office 99% of their buyers don’t use a lawyer to close . 
has anybody ever bought online without an attorney ? 

all the forms and the title are already there to view online. Quit Claim deed , not responsible for taxes before 2021 .  thanks!

Post: Why sell wholesale vs.list w/ realtor?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 946
  • Votes 503

Not sure I get why someone would sell their property for less than they can get with a realtor. 
it’s not necessarily any faster , or easier. 
Please help me understand. 

Post: Are there any math impaired RE investors here? :)

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 946
  • Votes 503

@Joe Villeneuve maybe you can help us all by posting some math tips here rather than in a PM ? 

Trust me - would be much appreciated !

Post: Underground fuel tank contingency?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 946
  • Votes 503

@Steven D'Agata. I have no interest in the Liberty area any more . Too hard to find reliable tenants. I know the house from years ago . It’s cute .