All Forum Posts by: Nick Loref

I've been trying to purchase a short sale in Brooklyn and have found it to be nearly impossible. 

My offers are not all cash and I'm guessing thats my problem given the huge amount of competition in NYC.

I have put in at least 15 offers at or above asking and haven't heard back from 1

RTA cabinets are a great cheap alternative but very durable, usually 3/4 stock. and available in some nice finishes like bamboo, mahogany, maple , etc..

ikea is just crap!

I did do the trail, but i found that actual listings on the mls were not on realtytrac so I cancelled.

just a bunch of useless pre-foreclosures in which the validity cant be confirmed

 Sent Pre approval and bank statements

I'm new to this process too and have been trying to get clues on how it goes. 

I've put in offers on 2 different properties and waiting for responses. The 1st being a foreclosure priced well below market and I offered slightly over the foreclosure price. I had to send an email offer directly to the listing agent and will only be contacted if the bank accepts it, no counteroffers and sale of property is as is, I also couldn't see the interior. If it's listed on mls then it's still available.

The 2nd property is a short sale also well below market, I offered the full amount through my own agent and there would be a counter in this case, i was told. 

It's been a week so I'm hoping to hear something soon. I don't know why there is such a lack of info on all these deals. 

i completely agree j Martin, but you can think of it as a way of protecting your future profits from contacting due to ever rising utility bills.

Brooklyn is like hipster mania and they will eat it up!

when I renovated my own home I tried to reuse and refurbish as much as possible. Like refinishing my cabinets and re facing with bamboo. Also went all led for lighting and put in a Eco friendly fireplace, which should be a nice value add.

As well as using all no VOC coatings on floors and walls for a little piece of mind. 

But will definitely start pricing more solar installers like sungevity. I did price sunpower but there lease didn't make sense for me.

I would love Geo thermal but that may have to be my next home due to costs. 

Just be sure they will give you a good warranty with the cheaper unit that includes all parts and including labor.

Are the condensers comparable?

which ever company installs it should be reputable and insured

With the world moving towards becoming more energy conscious and renovating homes for the future of our cities, does it make sense financially and logistically (time scales) to build more innovative homes with a focus on energy independence and less waste? 

I sometimes feel guilty throwing away bag after bag and dumpster after dumpster of rubbish. But that is inevitable when renovating. 

Would it be worth adding solar panels and wind turbines to my flips? 

Any other suggestions ?

I like the idea of adding solar power to the property. Especially through a solar lease-to- buy company which many now offer. You can charge the tenant for the electric directly which would in turn pay for the leasing, and you get mostly free power and you take advantage of the tax rebates.