All Forum Posts by: Account Closed

@Harish Nandipati also, with respect to opening the floor, I see you’re in AZ. If this is in a slab I understand how he could need to cut it open, however, if this is on a subfloor (6plex) opening the floor is not standard, as replacing flooring would cost you more than redoing drywall from the floor below it. He doesn’t care about your cost on floor replacement, but if it’s tile, and various surfaces, you could be in for way more construction than you need. A good drywall finisher could have your ceiling patched from underneath in 1 day. A tile job or flooring job could cost you more time and money.

@Harish Nandipati as you may know, nothing is very reasonable right now on pricing. One of your biggest concerns should be whether you’re dealing with someone knowledgeable and who seems like they will get it done with integrity. Try to get a solid word of mouth reference even if it’s from a Home Depot pro desk and get another quote for the sake of hearing his idea of how to fix.

@Abigail Hansen this really depends on your budget. Most people can’t break into the space! It’s hard to get off the ground if you’re coming from the ground up! If your budget is tight, you could always buy a run down foreclosure and try to do whatever upgrades you can within your budget. The difficulty is, whether you hire a GC or do it yourself, there’s a rough learning curve starting out flipping. I’m very experienced in construction, however, on my first flips, I underestimated greatly how long it would take and how much it would cost. This can happen whether you do it yourself or hire it out. It’s a risky business. You either need a bunch of money to get houses that aren’t that bad off, and then base your success on surface repairs and beautification, which is a way better advantage. If you start small, it’s very difficult to squeeze money out of a run down house because it’s much harder to do full remodel than new construction. Things to consider and show you it’s not yes or no, but a bunch of considerations tailored to your specific financial position, market and available time etc.

@Nate Bell I can’t click the link, and I can hardly articulate myself anymore. What I’m trying to say is Blackrock is too big. I think the government is trying to take over American independence, through corporate connections, and this will effect real estate investing by increased regulations in energy, building and landlording. If you don’t think they pose a threat, it would be nice to hear an intelligent reason. Some have differentiated between national calculations vs the impact on their local markets. This will always be the case, so this conversation must be understood to be referring to where it’s happening now, and where this could go next. No one is saying Blackrock is God and will soon effect everything it wants, just that they are making a noteworthy impact on certain markets and have a lot of momentum to do much much more and this is of interest.

@Joe Splitrock I should fit into the “morally self righteous” standard here, since I started this thing, I’ll answer to that... Of course I would sell to anyone without discrimination and especially the highest offer. I agree everyone would do that. I still shop at Walmart and order Amazon even though I don’t believe in it. I’m more concerned about what Walmart, Amazon and especially Blackrock ends up turning us into. I do plan to stop using these services soon because I hate them. Hating Satan isn’t self righteousness. Are there some devilish things in Wall Street? Should we expose evil? Is the solution to brush Blackrock and wall street greed off as beneficial for the greater good? The main point is that Blackrock poses a great threat to first time homebuyers, new investors and the health of the market in certain major cities. A look a Blackrock leads me to believe they are positioning themselves to exercise control over people, and they are receiving federal funding. That’s concerning and I’d like to see all updates of what they are doing and where they are moving in the infrastructure space, real estate world, and how much political and social issues they’re manipulating with their position of power (controlling the most value in the world).

@Derreck Wells based on your story about the show, most contractors and investors aren’t hiring lead guys. No wonder you’re preaching it so hard! Sure scares me... I wouldn’t want to have anything to do with a house before 1980’s just to play it safe. Doesn’t a professional renter sue you for anything from mold, to an offsized stair anyways? Maybe people should invest more in vetting tenets because in today’s world, you just can’t keep up with it all. It really gets crazy if you applied all the EPA, OSHA, LDS, BLM, LGBTQ, CRT, Local code, new code, green standards, new wiring and outlet standards and apply them to these older houses. They’re all condemned. Some areas that’s all there is. It’s just not a good time to be running a business right now because of all the things people will do to take you to court. Hard to be a landlord and make the dollars work. I know someone who can though............... Black...... Rock and associates!

@Tinah Canda am I mistaken BP? I thought all you had to do was seal any lead paint off with other paint.. I’ve seen other discussions on this and this conclusion.. is it different there? As another mentioned, do you really have to de lead the place that can’t be just painting over it? To de lead a wall, you’d have to remove the plaster, which is like removing a swimming pool with a hammer and throwing it away, then you’ll find discrepancies in insulation, termites, electric and framing. It doesn’t sound realistic to de-lead as in actually removing the lead unless you gut the place. If it’s drywall and not plaster, then there’s been some remodeling since 1920.

@Shelby LeBlanc while I’m flipping I put a double sided keyed lock, so if they get in, they can’t walk out the door with something big and heavy like material or tools. Also, it’s helpful I think to do little stuff to show people you’re in you’re guard, like show up randomly one night at 11pm, and show up really early morning sometimes. You can go on amazon and get this little USB port spy camera that has good reviews. Haven’t tried mine out yet. Sorry to hear that. Hardly anything feels worse than getting broken into, and there’s not much you can do in confrontation when you don’t have proof.

@Amie Peralta seems like Blackrock only plays with the big boys and takes corporate cash and the big money as though their little individuals. I’m not sure how much individual investment is actually feuling their momentum now.. it’s like Bitcoin if it reached 1 million per coin and people pile in trying to own 1/100000000000 of it after the corporations got in at $5k-20k like Tesla. Did I hear Blackrock was the largest investor in Tesla? And Blackrock has invested in Bitcoin and so has Tesla, but your average middle America aren’t putting anything into a crypto currency. People are fixing to be left high and dry one way or another as the arrows come from all sides. Sounds like people need their own reset without credence to these monsters.

@Jason Bohling thanks for the update on Idaho.. everyone loves Idaho. As you mentioned locals can’t afford a house. I’ve heard of people leaving for other states seeking what they once had as a place for homesteading and space. I would guess for every 2 people moving to Idaho, one is moving away, but that might be more like 10-1. I watched the prices and read discussions on people trying to find places there and it’s been ridiculous. No doubt some of this comes from state laws and the autonomous zone stuff in Seattle. Sounds like tons of people from Washington migrated. Being from CA, I have friends and family that live in Idaho and have long heard of people making the move. There’s a big connection between Idaho and CA if you look at the history, whether people want to see it or not, but the Californian’s that move there typically stand as strong or stronger for the values so endeared there (I think). What do you think of Idaho now culturally? Is it a shell of its former self, or still the frontier?