All Forum Posts by: Matthew Paul

That quote sounds around where it should be . If the house still has 60 amp service that tells me its old , so the water line is probaly old . Sounds like this should have been addressed years ago .

1 Vote

Cleveland, Ohio

Have your mother sign a lease . Have stipulations in the lease that she is the sole tenant . Maybe consult an attorney on this issue

4 Votes

Victoria, Texas

Call the well drillers an throw some extra cash at them .

0 Votes

That price may not be that far off . You need 2 hvac systems , 2 electric meters , you should split the units and submeter the water .

Dont know the pricing in Mass but you may want to see how much it would be to do a tear down and go new

1 Vote

Worcester, Massachusetts

@Josh Akins If it were that easy everybody would be doing it .

1 Vote

A duplex for $69K and it needs $60K in repairs ? I dont know where this is , but thats a red flag for me . I invest in the Maryland area ( Not Baltimore ) and there is no such thing as a house let alone a duplex for less than $200K and thats cheap and usually a total gut or even a tear down .

Beginner mistake ? Buying based on price alone .

Just curious what state is this " deal " in . And what do you think its going to rent for ?

1 Vote

Milwaukee, Wisconsin

Quote from @Craig Janet:

Quote from @Mike Dymski:

It does not take 1-2 weeks to fix an AC unit. I would be very upset as well...we all would. This is a bad situation all around.

I'm an HVAC contractor and I just had to order a simple $100 control board and it took two weeks to arrive. Sometimes multiple problems can happen at once and you can't fix one problem until another is fixed. If it were one of my tenants I would put in enough window units to keep the house comfortable. Every landlord especially in the south should have a couple of window units on stand by.

I have to agree , my own unit went out last July , it was hot . My unit needed a part that took 3 weeks to show up . It wasnt anybodys fault , I grabbed my back up window units , put them in and it was fixed 3 weeks or so later . Same with a rental , tenants have to wait till its either fixed or replaced . Service companies dont care if its a rental or not .

And if the tenant mouths off to the service guy , they dont have to take it , and dont be suprised if it takes longer and cost more because of their attitude .

I have fired customers because of their attitude , there is no law or regulation saying you Have to work for someone .

2 Votes

Quote from @Shervin Golgiri:

Quote from @Matthew Paul:

@Shervin Golgiri Seller not paying buyers agent commission wont have any bearing on finding qualified buyers in a sellers market . The buyers will just have to negotiate with their agent on what fee they will be paid and how it will be paid .

I just sold my house , agreed on a price but told the buyers agent to add their commission to the sales price in a fixed dollar amount . The agent now had to go back and negotiate with their client for $$$ . I got push back from the buyers agent asking me if I was going to tank this deal for a bit over 10 grand , I told him , no , but you are .

This is a prime example why is better to consider coop commission when you're listing your property. You're Pushing your potential buyer/buyers to possibly walk away if they can't find solution. more often than not the money you end up missing on, exceeds the 1%-2% coop commission you're trying to save. That strategy simply not going to be beneficial for either party. Hopefully you got to the closing table.

Well it worked for me . Sure some buyers cant swing the numbers if they cant , they lose out on the house , but there are plenty that can . In the end the buyers are paying the buyers agent anyway , either by a higher house price or they are writing a check .

@Shervin Golgiri I am in a sellers market , little inventory , very popular area , A+ rated schools . Not in everyones price range . I get it everybody has to make a buck , but I didnt hire the buyers agent , what ever they want to charge THEIR customer is fine with me , but I wasnt paying it . 2.5% sounds like a low number until you put it into real numbers on a $800k sale and you see it as $20,000 . All I did was tell the agent to go back and negotiate with his buyers on his pay , if they think you are worth it then tack it on to the price . In the end he made less than he wanted , but more than if the deal didnt go thru . ( He didnt like me much , but I am not in the business to make friends , I am in the business to make money ) . If it were a buyers market , maybe things would have been different .

1 Vote

Quote from @Alan Asriants:

Quote from @Matthew Paul:

Even if they put a trash can , who would empty it ?

Really the city or SEPTA should. I don't think it is that crazy to have public trashcans at Bus Stops. Seems really normal...

You are talking about government and using the word " Normal" ?

2 Votes

Philadelphia, Pennsylvania

All Forum Posts by: Matthew Paul

Matthew Paul has started 166 posts and replied 6745 times.

Post: Buying a property without a realtor

Post: Need help in evaluating quote

Post: Keeping Freeloading Siblings off of Property I bought my Mother.

Post: Made a major mistake. Need some advice

Post: Full Gut Remodel Costs

Post: Can I start Wholesaling or anything else without first having money and income?

Post: beginner mistakes to avoid

Post: Tenant keeps complaining

Post: Real Estate is on the move! Sellers are no longer must pay buyer agent commission.

Post: Bus Stop on my Property - Littering ISSUE