All Forum Posts by: Nick Rutkowski

@Nicole Ashey I just bought a house that has a $45,000 dollar foundation issue. I checked every corner but that corner! Oops! Code Enforcement wants me to take the whole wall down and replace it. Hopefully, I can get it done before winter.

@Nicholas Gray If you’d like to buy and sell Real Estate, you could do commercial. They tend to work M-F, 9-5PM

@Shalom Afraimian You do it yourself and you put yourself at risk for exposing your personal motives for selling. So subtract a few thousand. You don’t know how to cover yourself when the home inspector finds issues. So subtract a few more thousand dollars. Your house appraised for less than you thought because you aren’t a full time agent and you cant analyze properties. Subtract more money. There’s a reason why I love FSBOs, they can’t negotiate against me, Ill fInd thousands of dollars worth of issues and have my home inspector prove it. I know my numbers are accurate and their numbers aren’t. I’ll hit FSBOs at every corner and make sure they pay as much as I can make them pay. You don’t have to accept my clients offer but I’ll tell every RE agents all the problems your house has. So if I don’t nail you another good agent will. We’re savage for a reason, be scared because a great agent will make you pay.

@Storm S. Here is my problem with poor clients: Underfunded Poor decision making Unreal expectations WE WORK OFF OF 100% COMMISSION! YOUR DECISION EFFECTS OUR BOTTOM LINE! It goes both ways.

@Martha Michel I own a duplex I airbnb out to travelers and workers. My daughter loves meeting the new people and turning over the apartment. She even introduces herself as the “Property Assistant”. I believe kids are more adaptive than adults, just make the expierence fun and exciting. Maybe one of your kids will want to be your “Property Assistant” too.

@Nekole Shelton House hack a multifamily unit. That’s a good way to get a low DP and get started. If you’re buying a house as an investment property then 20-25% will be common. There might be some private lender who lend on a 10% acquisition, 10% rehab. But then the fees are higher. Don’t forget seller concessions, it can cover some of the down payment and closing costs. Ask your agent what % of seller concessions you’re allowed to ask up to. Happy Hunting!

@Adrian Olivera Google “HUD fair market rent” HUD comes out each year with their opinion on FMR. They do it by state, county, and MSA. It seems pretty accurate to me.

@Taylor King Ouch! That experience would turn me off of realtors too. Think of us like a contractor...you’ll go through 50 of us until you find the right one. Don’t give up on finding a great agent. Their service is free as long as you’re buying, so why not use an agent?

@Giovanni Luna Also, talk to Dept of Social Services, Neighborhood housing associations, churches, addiction organizations, or any organization that helps poor or moderately poor citizens. These organizations are constantly looking for landlords to house people. Plus, the organization will take responsibility when their tenant is causing problems. Happy Hunting!

@Giovanni Luna Post your rental on Zillow, Craigslist, Trulia, etc. put in the title “section 8 approved”. Your phone wont stop ringing. If I was in your situation, Id buy a HUD home and rent to whomever is qualified after you screened them. There’s a massive pool of renters looking for amazing rentals.