All Forum Posts by: Account Closed

Right now there are literally very few foreclosures since there is a foreclosure moratorium. Only time will tell how that changes and what becomes available for information.

I just sold two flips, one FHA and one conventional. The appraiser for the conventional said he wouldn't approve the shutoff valve we installed because we added an exterior spigot before the valve. He wanted everything after the valve. He said that was FHA rules. Since it was a conventional loan he appoved.

On the second house a month or two later I asked that appraiser, a different one and he said that is how FHA wants it. No shutoff, their way, then you have to redo it. Both appraisers finished the entire appraiser and allowed me to take care of a couple of small items without them having to come back to verify. Each appraisal arrived about 4 days later.

There must have been something else going on in that appraiser's life. I believe they are dispatched by a central office these days and I'd call and ask if the policy is to leave if there isn't a proper shutoff valve. Seems unlikely. And of course if the appraiser was out of line, file a complaint.
 

Are you sure you want to do that phone calling?

"Three New Jersey brothers will pay $1.6 million to settle charges of instigating more than 45 million illegal robocalls nationwide, including to tens of millions of Americans on the Federal Trade Commission's Do Not Call Registry, the agency announced on Friday.

The siblings also agreed to a permanent ban on telemarketing and will hand over a residential property to resolve the agency's allegations, made in a complaint filed by Department of Justice on behalf of the FTC.

According to the FTC's suit, Joseph, Sean and Raymond Carney initiated more than 45 million illegal telemarketing calls to people across the U.S. between January 2018 and March 2019 to pitch a line of septic tank cleaning products. Most of the calls, or 31 million, were placed to numbers on the FTC's registry of people who don't want to receive marketing calls."

Well, I wasn't in Oakland so I don't know about the local situation. But check and see if going up blocks anyone's view or is a hazard in any way. Removing dirt can cause a foundation to shift and affect houses around you so either way, you'll probably need a soils and hydrology test.

My son recently graduated from A&M and he and his wife lived in the neighborhood just north of College Station high school. There are a lot of rentals in there that get snapped up quickly each year. If you cater to married grad students you don't have the summer slump that comes with renting to undergrads. Undergrads tend to go home for the summer. There is an active agent in Bryan that is on BP that can help you out.

I looked into it years ago when I owned a property in earthquake country and the house was on a hill with a "coal storage basement". It required moving a lot of dirt & disposal, foundation work, seismic retrofitting and redoing plumbing and water and sewage. After considering everything, I decide to go up a floor and pick up a gorgeous view of the city and bay instead. So, go sit on your roof and see what the view would be before you decide.

You are too focused on yourself.  Everyone was an a**hole, or awkward, or shy, or clumsy or a rebel in school. (Well, except for Betty Sue who was the quiet one in the corner). People just don't remember bad things other people did. They are now too busy thinking about what others think of them. They remember the bad (or perceived stupid) things they themselves did. The nice thing about reality is that today is a new day and people can't even remember who you are.

"The dip in seasonally adjusted home sales marks the biggest decline during this time of year since 2012, which according to real estate brokerage Redfin suggests "the housing market frenzy may have peaked for the year."

In the month of June, the number of homes for sale also dropped, about 28% compared to a year earlier. This also marked another record low since 2012, when the real estate brokerage began tracking this data.

Home sales are stalling because prices have skyrocketed to "beyond what many buyers can afford," according to Redfin chief economist Daryl Fairweather."

 The reality is by you backing out now, the seller would have to prove damages and that is tough to do when you are so recently into the transaction. By backing out now instead of later you are not wasting everybodies time. Most people are grateful to not have to go the motions to only have things fall apart later.

Ask the tenant if they are initerested in buying, sell it without an agent since you have a buyer, time the sale to being able to do a 1031 and move to the new market.