All Forum Posts by: Eric Gutierrez

@Drew Markert I'd also just keep in mind a house built in 1990 sounds reasonably new and in a lot of aspects (plumbing, electrical, foundation style) it is very new, but a house built in 1990 could still be on the original roof, furnace, ac that if they haven't been replaced are going to be right at the end of their useful life.  I think it really just comes down to the individual property and where money has been spent or not spent over the years.

Any minneapolis wholesalers out there that send out emails on their deals?

@Nick Macklin what corners did they cut care to expand?

@Drew Markert For the most part they wind up about the same.  The big things roof, hvac, windows, electrcial etc are really on a case by case basis of when they were either last done, or if they have been updated at all.  Youre talking 50 years old vs 100 years old so when it comes down to it they are both old.  I factor in the age of the components when I'm writing my offers.  You can easily see a 100 year old house with a fresh roof, windows & hvac and you can see a 50s house with all of them towards the end of their useful life.  Biggest things I'd look at is how is the foundation, what kind of wiring is existing, type of water supply lines etc.  You could very well find galvanized supply lines in either and then it really just comes down to how accessible are they to replace.

No matter what you end up putting on the gutters I wouldn't expect the renter to ever be responsible for making sure they are doing the job.   

I have multiple 100 year old plus houses and some 50s builds.  I really like the 50s builds they are logical layouts and the way they are built is still very solid in the midwest.  The 100 year old houses aren't bad as long some stuff has been updated.  I think each vintage of house has its own quirks.  I've seen plenty of 50s houses that were in considerably worse shape structurally than an 1900s.  There are also some 1900s houses that Ive walked through that felt like fun houses because if you dropped 100 marbles in each room they'd go every which way.

How many of you are going with the waxless rings?

It can really go either way.  I acquired one tenant that was a basket case and another one that I kept for a couple years and only let him go because we were going to renovate the unit.

Wow.  Sounds like there is an opportunity for opening a lawn care business in Seattle.  Minneapolis mowing, weed whipping and leaf blowing runs me about $25-$35 per yard depending on size.

I wasn't exactly sure which section to post this in but anyways here we go.  So basically like the title says I won an arbitration claim against the sellers.  It's only for about $1000 bucks so its not huge money and I don't want to have to spend a ton to get paid, but I already invested $250 to file the claim (it's part of the roughly $1000 I got awarded.)  So my question is now that I won the arbitration how do I get paid?  I'm in Minnesota.

Thanks!

Eric