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All Forum Posts by: Marc Freislinger

Marc Freislinger has started 22 posts and replied 837 times.

Post: Showing house before it's completed

Marc FreislingerPosted
  • Flipper
  • Phoenix, AZ
  • Posts 973
  • Votes 679

I disagree.

Unless you can show them photos of another house you've done, or the home is in close-to-finished shape, I wouldn't show an unfinished home.

People have no vision. Watch all the tv shows where they are showing homes. They complain about paint colors, furniture, and other items that they could easily change.

If you have photos or some method of getting them to picture what the home will look like when it's done, then I see no problem with trying to sell the home before it's done.

Post: PM offering to use his own money to improve your units.

Marc FreislingerPosted
  • Flipper
  • Phoenix, AZ
  • Posts 973
  • Votes 679

Sounds like he's new to the business and is trying to build clientele.

We offered credit for quite a while, and it failed miserably. Owners aren't much better about paying debts than the tenants.

I use www.buildasign.com for my signs. They are a bit pricey if you only buy a few, but I love the ease of design and the rates get pretty good if you buy more than 5 or 10.

Intentionally un-linked so there's no affiliation.

Post: Fixing fiberglass bathtub crack

Marc FreislingerPosted
  • Flipper
  • Phoenix, AZ
  • Posts 973
  • Votes 679

The company we used to use would use Bondo to patch any holes or cracks, then refinish the tub with an epoxy coating. Cost around $300 for a whole tub and surround.

Post: You know you are a real estate investor when you...

Marc FreislingerPosted
  • Flipper
  • Phoenix, AZ
  • Posts 973
  • Votes 679
Originally posted by cashboy2010:

The CD's in your car's cd changer is mostly RE investing NOT music.

I was this way for a little while. I bet the guy that stole my CD case off my visor was VERY disappointed.

Post: Wholesaling with Tough Agent

Marc FreislingerPosted
  • Flipper
  • Phoenix, AZ
  • Posts 973
  • Votes 679

I run into agents all the time who are offended by low offers. I can only assume this is because they feel they are being told they didn't price the home appropriately, or because they are going to get less of a commission.

They ARE obligated to present all offers to the seller, unless they have written instructions otherwise. However, unless you request a signed rejection, there's no real way to be sure your offer is ever submitted.

I've always been of the mindset that it is better to be upfront with your intentions. If you do plan to wholesale though, the Realtor is probably not very familiar with the process, so you'll need to tell them what you're doing, and how they will get paid.

Do already have a buyer that you think will buy this property from you when you have it under contract? If so, why have they not already put an offer on it, if it's listed on the MLS?

Post: Fannie re-key fees

Marc FreislingerPosted
  • Flipper
  • Phoenix, AZ
  • Posts 973
  • Votes 679

Our original offer was only $12,500. I think they had it listed around $16k. My guess is they had another investor offering closer to asking while we were negotiating.

Post: Fannie re-key fees

Marc FreislingerPosted
  • Flipper
  • Phoenix, AZ
  • Posts 973
  • Votes 679
Originally posted by BryanA:
i think i've been paying 120, but i'll have to check a few HUDs...either way, it's a rip off but i don't know anyting that be done...hopefully you get the property at a good enough discount that the 120 (or 150) doesn't kill the deal....lol

maybe for now on, i'll adjust my purchase price 120 bucks (or 150--again i'll have to check) for the rekey...

We've done this before. We said we wouldn't pay the rekey fee, and they countered with us paying it. We left it in, but reduced the offer price by $150. They accepted another offer.

Post: Gas prices

Marc FreislingerPosted
  • Flipper
  • Phoenix, AZ
  • Posts 973
  • Votes 679

What bothers me more than the gas prices being high, is the geography in which the gas prices are high. Area's with more money have higher gas prices, but I'm sure they don't have higher costs. Gas prices are just under $4 a gallon where I'm at, but I can drive 30 minutes to the other side of the city and pay $.40-.50 less per gallon.

Seems a little like price fixing when none of the stations near each other ever compete over pricing.

Luckily I drive all over the city, so I can generally fill up around $3.50, $3.60.

Post: Real Estate Guru Emails: How Many Do You Get?

Marc FreislingerPosted
  • Flipper
  • Phoenix, AZ
  • Posts 973
  • Votes 679

One of the things I was shown to do is use site-specific email accounts.

If you have a web server that provides an email account, you can generally specify a "general" account or some such thing, where all emails go if the user name can't be found. So if your email is [email protected], and someone spells it [email protected], you'll still get the email. The plus to this is you can give websites an email like [email protected]. Then, when you get spam, you can see specifically who sold your email, and either report them or unsubscribe. It's amazing how many sites will sell your email even when they specifically state they won't in their "privacy disclosure."