All Forum Posts by: Matthew Paul

Its easy , just pay it off in full every month .

You are not buying a brand new house . Without knowing the numbers or area its hard to say if its a deal or not . But the things mentioned in the report are all minor .  

I recently sold a house and they had a home inspection and they came back with a list and I simply told the buyers , No to any price reduction or the "repairs" . They wanted upgrades to electrical panel that was upgraded in 2009 to current code  (arc fault breakers) they said they would walk , I said good bye .  They still bought the house 

A friend of mine had an earth moving business , worth about 10 million . He went thru a divorce both had lawyers . At the table her lawyer wanted  half of the business , 5 million dollars . His lawyer said no , but he said that 5 million was a good number . he tossed the keys across the table , told her to open the gates at 5 am and warm up the trucks , and a whole list of things , and to cut him a check for 5 million . 

They agreed for much less 

 Put an ad on the AA county nextdoor.com looking for people . Or call some landscape companies and schedule them . Expect a minimum of $100 per person on the cheap end . Get a box of the heavy duty contractor trash bags for the men to load things in .  Have gloves and masks for the men , you dont know whats inside 

Send them a letter telling the residents that on DEC 12 they will be evicted and all their belongings will be put on the curb . And what usually happens is all the neighbors in the area will swoop in and take anything of value . 

Odds are they will move before this happens . 

I make an appointment with them to see the house , and I never show up 

We have a new administration coming in . I believe the new President will kill the EV mandate .

Gunshots , dealers on the corner , break ins , trash and junk piling up , hookers , gang signs , just the normal stuff 

 @Account Closed Flippers want things cheap , fast , and good . You wont ever get all three . Quality contractors already have their plate full .  There is way better money working for a homeowner . 

When you flip , you make your money when you buy the property . 

I can tell you this , a rehab will take longer than you plan , and it will be over budget . Contractors are NOT there to work for less to make you money . There is no special discount for investors , flippers or landlords . A contractors overhead doesnt change neither does their profit margin . 

You will be tempted to go with the cheap guy , you may get lucky , odds are you wont . 

@Account Closed Before you buy anything , you better find a contractor you can trust .  The majority of the contractors out there dont want to work for flippers . If you dont have a contractor lined up before you buy anything , you will be waiting months before you can start work just looking for a contractor . 

As far as estimating costs , every house is different . There is no hard and fast method , besides experience . 

What we do for houses with heating oil , we measure the amount of oil in the tant ( There is a chart that tells yo how many inches equals gallons ) And the tenants pay that up front when they move in , the oil is now theirs . When they move out , I measure the tank again and will pay them for the oil in the tank . ( always at current prices ) . This way you never get stiffed . 

When a tenant moves out and oil prices are high they wont get the tank filled .