All Forum Posts by: Nick Rutkowski

@Brian Burke

I think in the beginning, what you did was a great use of your time. I was always told, “you can’t manage someone if you don’t know how to do the job yourself” I’m hoping later in life I will make the switch and outsource as much as I can. But I’m following the same path you did.

@Thomas Wood

That's important to mention you want to live there too. I'd go with your plan of purchasing it for what they owe. Get a real estimate and a new evaluation for what it'll be worth fixed up before you buy the property. When you buy it, go to the bank with your estimate in hand and pull a HELOC out and fix up the place. Banks would loan you money to fix a house you own rather than finance a purchase and construction.

You can go hard money lending and they’ll lend you the money as well. But that has a lot of draw backs too.

@Luke Aubut

Dang, that sounds like someone really messed up. Best of luck man, hopefully you can get this resolved without litigation.

@Thomas Wood

Wow, that is a challenge. 600k for a rehab on a historic property? Is this a mansion or something because that seems like a lot.

You’d make more selling it as-is if your appraisal is correct. However, I’d get your property re-evaluated before putting it on the market. Save yourself the time and the headache. If no one wants to finance it, then that should be a sign to you.

@Max Ozkural

Check the zoning and see if the area permits an auto body shop. If it’s a variance, then you might have to convert it back to what the land use is permitted for, if you buy it.

@Jordan Autrey

I’m a commercial real estate agent in Upstate NY. Binghamton, Buffalo, Rochester, are seeing good returns for commercial real estate. Ithaca is great for hospitality and tourism. Syracuse is good for their college basketball but not so much real estate. If you’re interested I’m always up for talking about it.

@Brian Shinkle Your desired person will have to be met in person, over food or entertainment, paid by you. Chicken wings and beer wins the hearts of many men.

@Luke Aubut

I’d call a real estate lawyer and make the decision to pursue or not. Give it a few days to see what happens before jumping into a lawsuit.

@Eva Machicado

Mistakes are expensive learning experiences -that’s all! Don’t feel too bad, I bought a fourplex with foundation issues last year and it put me back pretty far. Glad to see you’re back in the game.

@Bob Mueller Jr.

Stinks you got put in a compromised position. Lesson learned, don’t do 30+ night stays. Sorry you had to go through that BS, AirBNB always sides with me on my disputes, I can’t see why they didn’t make them pay some of the money.

Hope this doesn’t ruin your experience with them and things look better in the future.