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All Forum Posts by: Matthew Paul

Matthew Paul has started 166 posts and replied 6742 times.

Post: Should contractors be expected to work on Saturdays?

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,911
  • Votes 7,503

Contractors may work on the weekend , but dont expect them to .  If you request weekend work , be prepared to pay more for the labor . 

Post: Putting $1M into Crypto

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,911
  • Votes 7,503

If I cant see it , touch it , sleep in it , drive it , eat it ,drink it  or understand it . I dont buy it .  

I have always liked cold hard cash .

Post: Selling a property. What Strategy Should I Use to get my Top Dollar?

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,911
  • Votes 7,503
Quote from @Michelle Harrington:

@Matthew Yes you are right and that was my first time doing Fix & Flip. Would you recommend for me to post this property for sale as an owner? I have been thinking of this, and if I am unsuccessful and no traction at all, then I will get a realtor. what do you think?


 Cant hurt to give it a try .  But the minute you do , every agent will be hitting you up to list it . And they all have the same lines how they are the best agent out there . 

Buyer and seller agree on a price . Property appraises for less than agreed price , Lender wont lend as much . So buyer brings more money to the table . 

Who sets the price for the property ?   Buyer ? Seller ? or appraiser ?  Agent ? 

Post: Selling a property. What Strategy Should I Use to get my Top Dollar?

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,911
  • Votes 7,503

You will only get what someone is willing to offer . 

If you went over budget , there is a good chance you either over inproved the property  or you paid too much from the start . 

But it is the spring season , you may get lucky 

Post: High Realtor Fees, Can someone explain?

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,911
  • Votes 7,503

For Sale By Owner Sign is $45.00  you can always give it a shot .    It has worked for me in the past .    ( But the houses were not 7 figures )

Post: Tenant wants LL pay for high electric bill due to high cost electric furnace

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,911
  • Votes 7,503

Here in Maryland EVERYONE is complaining about super high utility bills .  Mine went up as well . First thing , it has been a cold winter , that contributes a lot to the increase . Most of those complaining have heat pumps , which dont work well in 8 degree temps with wind blowing . When this happens it moves to auxilary heat or emergency heat . This is expensive , very expensive , your bill can double or triple .  

Our rates are going up because they are closing coal fired power plants and going for more green energy , which costs more . much more . And we are importing more power from Pennsylvania .   

Had 2 tenants complain about their electric bills , I told them mine went up too . Dont complain to me , call your local politician or state rep , and the electric company . 

Post: Federal Layoffs Effect? - 1,633 New Listings In D.C. Area Last Week

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,911
  • Votes 7,503

Just my thinking , maybe get a stat on rental listings  also 

Post: real estate Development

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,911
  • Votes 7,503

Its not hard to start , its getting to the finish line is the difficult part . 

I am not a developer , But down the street from one of my properties is a town house development . Ten years ago they got it re zoned for high density , the neighbors fought it and it got delayed for 2 years . It was 3 or 4 years planning , applying for waivers etc . There was a hold up on sewer capacity , they found out they had to get an easement from the state to cross a state road , that took time . Site work took about 18 months .  So if you can handle the financing for all this until the builder starts buying lots and building , You should do well