All Forum Posts by: Nicolas Looman

When in doubt round table it out! Some states do this mandatorily but I just think its good business sense.

Having all parties physically sit down and find the solution is what has worked for me in the past. Having both brokers as @Nathan Grabau mentioned is exactly the cheapest and least litigious route you can go. Taking it to court is slow and costly. If a conclusion can't be made after that meeting your best bet is to move on in this crazy market unfortunately. 

Hopefully it works out for your and if it doesn't date the rate and marry the house she just wasn't meant to be.

@Eliott Elias is absolutely right. It all has to do with what you are trying to accomplish. I work with out of state investors that are more than happy to find the cap they are looking for and have a pm take care of the rest. 

If you ever would like to take a look at the Akron / Cleveland area I could send you a list if that might be helpful. If you haven't looked into this particular market you might be missing out.

It sounds like you have the experience to complete either, so its really up to you.

Anything that isn't real estate. I'm in a bee keeping club and people always ask what you do plus it is great for branding and fun!

In a sellers market this isn't always necessary. In a home in Austin the market is scorching hot regardless of the econ state. These people are going to rip out whatever they see regardless and have witnessed 10k worth of fresh marble being with the demo crew moments after closing. 

My market in Ohio is somewhat different with it leaning towards a buyers market in most areas. In this circumstance I would say granite is absolutely a great way to increase home value in a flip.

I would even say doubling down on this that if your contracting staff is competent in making their own templating and installing the cuts themselves the money is doubly worth the squeeze.  

This is an awesome question that definitely takes multiple peoples input to weigh both markets. 

I read in this forum that taxes in Cleveland may be higher than that of Indianapolis but a lot of people tend to neglect the Akron market area. It's a half hour south of Cleveland proper with a population of 200k, a major engineering university, opportunity for STR with multiple hospitals in the area as well as less community guidelines such as point of sale or multifamily lead surface testing.

Tons of revitalization programs are committed for the next 10 years with some of them completed in the past 5. The rubber city is definitely a place to find good cap and equity return in the future.

Good Luck!

I personally use Deltnet personally. They're a small company based out of Ohio I believe and will work with you to build a custom CRM for you and your team. There is good google suite integration as well as mass email blast potential and social media scheduling. The downside is their website templates could be better. IDX integration with customization would be a serious plus. However, it honestly just all depends on your goals. 

Salesforce is a great product and is extremely malleable to cater to what you are going for.  This is probably the path of least resistance all the way across the board. 

Hope this helps!

Everyone on here is thorough and great but I do have a couple things to add:

The buyer should always have first position on title. If a seller is pushy on the selection of title then always push back. You hold all of the future liability of that deed when it goes into your hands, meaning, you have a lot more to lose in this scenario than the seller. The exception of selecting title is on occasion the property has already been under contract and the title work is nearly complete. Pulling this order away from the title company just stinks and is just good practice to keep it there. 

When transferring funds your bank will be able to recognize whether or not the routing number is a business or an individual person. Wiring fraud is absolutely rampant and you should always have a healthy suspicion. Always call the escrow agent to verify these instructions to be sure. My wife fell for a very convincing email for escrow instructions and wired 20k to someone. Thankfully USAA flagged it and stopped the transfer.

When in doubt use the elephant in the business. I tell all of my out of state investment clients to use Fidelity National Title if they do not have preference. They're the largest title company in North America. 90 percent of smaller title companies are doing their underwriting through them anyway, they are too big to fail and will financially back any mistake they make. I have never seen a mistake from them personally but you know nothing is perfect.

Sounds like you are about to have a ton of fun!

Thanks for coming to my title ted talk!

An easy one is Spotcrime.com it's user friendly, reliable and will have the attached police report in the potential address you are looking for.  Hope this helps!