All Forum Posts by: Andrew S.

Actually, I think the original poster is asking this question from a seller point of view.  In other words, he is RECEIVING the "crazy lowball offers".  

I would probably humor those offers once with a polite phone call to find out more about those potential buyers.  Who knows, you may establish a useful connection with SOME of them.  

Repeated crazy offers or an attitude that makes it likely they will continue the practice, would cause me to ignore them in the future. 

If you are targeting college rentals then location is going to be extremely important. I'd go for SFR if location and price were similar - hands down.

@James Hutson 

 I think there would be interest in a BP meet up (I'm game!).  @Jacob A. 

 tried to pull one together some time ago - I lost track of where that ended up but I don;t think it ever took place?  Jacob?

I'll agree, that is is a horrific looking filter, but let's be honest, how often do we change our OWN filters?  It's not every month for me, that's for sure!

Well, what do you know: a regulation that makes common sense!  Kudos, Chicago! 

 Just had another example of "no response" that triggered me re-reading this thread.....

Luis, yes, I thought about this too, as many gurus seem to advise that people establish a buyer list first.  However, this is probably going to be a very "unhappy" and "unimpressed" buyer's list.  For sure, if these folks ever contact me in the future after blatantly ignoring my inquiries now, chances are I will be the one doing the ignoring in the future....

I agree with the others, this one is on you.  In fact, I'm surprised the seller even offered to pay for the hydrojetting!  These types of things can happen at any time and unless you can prove the seller knew that the line was backing up and failed to disclose it, this is just a case of bad timing for you.  I had this happen earlier this year where I ended up pulling an old rag out of the backed up sewer line.  I had inspected the function of the toilet (worked fine at the time), but did NOT scope the line (like @Jon Holdman 

 suggests).  Only cost me a few hundred bucks, so not as bad as yours, but it didn't even occur to me to ask the seller for a refund.

Sounds like this is a particularly bad idea for HUD properties, but to be honest, I don't see ANY scenario where this would ever make sense. What is the possible motivation that makes you consider it? Simply to get a head start so reno time is reduced? Never worth the risk in my opinion.

@Derek Carroll 

@Joel Owens 

I don't have a dog in the race (I'm more of a SFR investor), but I'm curious: why can't a 18 door complex be managed by a property manager? I get the point that it's too small for an on-site manager, but why not hire a PM company (as I would for a SFR)?

Most of the things you describe are cosmetic and could probably be fixed fairly inexpensively.  There are many vendors that will take care of grimy grout or minor chips and dents, refresh cabinets, etc for a reasonable cost.  Replacing outlets/covers is cheap too.

I'd consider some of that - I don't know your market but for $2400 bucks a month this may be somewhat higher-end?