All Forum Posts by: Joehn B.

was your offer cash or using a loan? maybe the other buyer had a cash offer. A seller, may very well refuse (for example) a 300k offer with a 30 day FHA loan and accept a 290k cash 10 day close.

I understand the agent refused to present your offer.   maybe you were low balling, and she/he knew it would get rejected so you would be wasting her time (she/he telling you to offer more points to this). 

What was the list price, what did you offer, and what terms? cash/loan? 

Simple:

Renting by the room, and difficult roommate is underpaying.

1. Give notice to Tenant A, she needs to go.  

2. Don't mix investing with frienships.  ever.  See #1

3. Raise rent to market and rent it whole or Option B Make it an AirBNB/STR (assuming you don't have HOA/Condo restrictions)

AirBNB removes the need to deal with roomate issues and since your are in a resort area it may pay better than roommates.

@Matthew McKee Thanks, I read up on that.   That is a cool way to get a low rate, but it ties up the entitlement slot for the seller if you (buyer) are a civilian.  

you don't want to learn from your losses.   Read up here and learn from other people's losses :)  Yes, it is more important to know what NOT to do.  doing is easy.

Someone here said you fix and flip in a appreciation market.  Not really.  a property gets flipped in 3 months, no appreciation there, even in an appreciating market (years).  You make money by buying LOW, not buying retail, fixing it and hoping prices will go up.  that's a mistake.

The mini split heat pumps won't work very well below 32F, you would need an alternate emergency heat strip of sorts to back it up.  The do make multi-zone ones so one unit can heat 4 rooms, but all rooms would have to be nearby for it to work layout wise.

I would love to have a pellet stove.

Also reach out to the Condo HOA, they can be helpful as they know the plumbing design and can recommend a plumber that has worked that particular building/leak.

How old is the home and are any of the gas pipes in the walls or is all exposed in the basement?

Are there any structural issues, foundation shifts that might explain the gas leak?

Get a contractor or two to come look at it or give you a rough estimate range on repairs, and use that to counter on price?

As Bruce said, gas lines are not that hard to repair, not more different that plumbing but if the issue is buried behind drywall the cost goes up some.

I'd rather negotiate the price down and do the repair my self, that way I know corners were not cut.  On the other hand, if the house is very old, it would raise serious flags, and it could need the entire gas line replaced if it's old rusty pipes and maybe that's why they don't want anything to do with it anymore.

For reference, I bought a 1965 3/1 rancher and decided to add a tankless gas heater.  I re-piped the entire home (myself, with permits) from the meter in, using flexible 1" gas line and spent less than 700 in materials.  A plumber wanted somewhere between 4k and 5k for the job.

Now, it could be something as simple as a leaky gas pet **** by the stove, the older ones dry out and develop leaks, a super cheap fix and maybe the guy that said it's the stove is in the wrong.  easily missed by handy men..

The gas company is responsible for any leaks from the meter to their pipes and that might be that asphalt patch you have.