All Forum Posts by: Kris Haskins
Kris Haskins has started 61 posts and replied 406 times.
Post: Need plumbing advice on 2nd story plumbing in floor
- Investor
- hampton, va
- Posts 428
- Votes 249
Hey Bp, so we ripped out the old drain line in the 2nd floor tub and shower. Going back in with pvc the p-traps are hanging lower than the ceiling one the first floor, check out the pics. It hangs too low for us to hang sheet rock on the ceiling. How do you get around the low p-traps? My pic is rotated and the ceiling is on the left?
Post: Auction.com, how can the site automatically bid against me??
- Investor
- hampton, va
- Posts 428
- Votes 249
Originally posted by @David Dachtera:
Even e-Bay has a similar feature. I believe they call it "proxy bidding". You enter your maximum bid, but the item only shows a current bid which may or may not be your maximum. When some one bids higher than the current bid, if the system can re-bid for you at or below your maximum, it will. See the explanation on eBay to learn how it works.
The RE Auction sites use something similar.
Hey Dave, I thought the proxy bid was the maximum I want to offer on a particular item??!!, That seems fair as long as I'm a legit buyer. What I'm seeing with auction.com is the company can bid on behalf of the seller, but the company has no intention on buying. My thoughts were from a legal standpoint: The intent can be the determination between crimes ie. 1st degree/2nd degree crimes... But, perhaps we can let the feds figure that out.....
Post: Auction.com, how can the site automatically bid against me??
- Investor
- hampton, va
- Posts 428
- Votes 249
Originally posted by @Wayne Brooks:
Perfectly legal.....just like the bank bidding at the actual foreclosure auction to protect their interest.
Doesn't seem fair, there's no REAL buyer making the bid..
Post: Auction.com, how can the site automatically bid against me??
- Investor
- hampton, va
- Posts 428
- Votes 249
Originally posted by @Roberto Costa:
Hey kris! Rob Costa here...we had coffee a few weeks back...anyway, I just got a property under contract today from Auction.com. They have under their bidding guidelines that someone (behind a computer desk) will raise the bid on the property until it reaches the reserve price that the seller has established. This is common practice for them....so unless you are willing to go to the reserve (which you don't know what it is) then for the most part your bid will not allow you to purchase the property.
What I have done is call their bidding department and you can give them what is your best offer on that property and they will let you know if it's a "A", "B" or "C" type of offer at least giving you an idea if you're close to the reserve.
Hey Bro, that's cool. I've had bad experience. I'm glad you can get them on board... thnx for the insight on that one...
Post: Auction.com, how can the site automatically bid against me??
- Investor
- hampton, va
- Posts 428
- Votes 249
Ok, so auction.com says- and I quote..... "ADC may counter bid on behalf of Seller on any Property up to the amount of the Reserve Price"
How is that legal, isn't that like a realtor saying they have other offers when they really don't have any. I'm curious to know how can this site make a "fake" bid just to push the price up on a house. They start the opening bid super low, then set a reserve super high in our area, Hampton Roads.... This seems illegal to me. Please tell me if I'm wrong about this....?????
Post: What IRA custodian do you recommend for self directed IRA/401k
- Investor
- hampton, va
- Posts 428
- Votes 249
I've been having some questions about how equity trust is handling lost checks and return checks, not to mention long processing times on deals. What IRA custodian is working for you guys???
Post: Listing won't sell
- Investor
- hampton, va
- Posts 428
- Votes 249
great points, but it's going to be a bit costly to stage this home. Perhaps you could just stage the kit,lvrm, and bthrms. that's all we've been doing for years...
Post: Listing won't sell
- Investor
- hampton, va
- Posts 428
- Votes 249
Sounds like we all agree about price. But, how about trying adding an agent bonus into the listing BEFORE You lower the price. I've had to give away $10k to the buyers agent before just to get the heck out of the deal. another things is your price per SF strategy. That doesn't seem to work in our market. What we've seen is similar pricing on beds and baths, but SF pricing is out of the picture in the Virginia market. Is there a large price difference in THAT neighborhood between a 3200sf house with the same bd/bths and at 4000sf house? maybey that's where you could perhaps be off in pricing.
Post: Partners...?
- Investor
- hampton, va
- Posts 428
- Votes 249
Hey guys, just shoot me a private message if you'd like to get a copy of the JV agreement. No problem,, I'm glad to help!!!
Post: Looking for real estate investor author
- Investor
- hampton, va
- Posts 428
- Votes 249
Hey BP fam, I'm looking for an investor to contribute a monthly article for my real estate newsletter. 750-1000 words per article. Please let me know if interested, thnx