All Forum Posts by: Richard C.

P.S. I also think the "look at their car" things is absurd.  My truck hasn't seen a carwash in several years (that's why God invented rain.)  My house is spotless.

I suspect that this is likely to be one of the many, many, many things in real estate that is dependent on region.

If I tried that here, I....I got nothing.  I cannot even imagine.  Having the prospective tenant laugh in my face would probably be the best response I could expect.

But I have seen many posts on here from people in other areas of the country, where people apparently passively accept things that would never fly here.  

So I expect that whether or not you can do this probably depends on local custom. Perhaps a local REI or landlord group would be a good place to ask.

In making this calculation, you need to be aware of the very different levels of commitment involved.  It is far, far quicker, easier and cheaper to get a sales license than it is to become an appraiser.

For example, becoming a licensed residential appraiser, at least in my state, takes about 200 hours of training and about 2000 hours (a full work year) of being an apprentice, in addition to the exam.

By contrast, 75 classroom hours, the exam, and a payment to a broker to hang your license, and congratulations, you're in real estate sales.

Your seller is actually planning on actually getting a judgment of eviction?  Against people who have done nothing wrong?

1.  On what grounds?  Does he think the magistrate won't ask?

2.  An actual judgment shows up on peoples' credit reports, whether or not the sheriff has been called in to execute.

Reprehensible conduct.  I would walk from the deal before I had anything to do with it.  What a dirt-bag.

What Michelle suggests is perfectly fine, and in fact is commonplace.  What your guy is talking about is outrageous.  Hopefully the magistrate catches him and holds him in contempt, with a nice fine associated.

You just provided an excellent tool for any Oregon investor wishing to screw with a wholesaler.  If enough people extend closing to the last minute (of the wholesalers contract) and then back out on these grounds, wholesaling in Oregon dies.

 The math doesn't actually work.  Self-insuring is significantly cheaper if you have the discipline to retain reserves.

Also, they take forever to actually repair things.  My houses don't have central AC.  But when I looked at a home warranty policy that would have covered the boilers, I saw they had a clause that promised a response (not completed repair, just response) within 3 days.

Three days, just for a response, to a broken boiler in January in New Hampshire?  I don't think so.  

1.  Take a real estate agent licensing class.  Usually about $400;

2.  Volunteer to work on a habitat for humanity house.  You will learn something about construction and meet contractors, for free;

3.  Attend your local housing finance authority's free classes on basic real estate financing.

Do these things and not only will you know more than about 90% of so-called wholesalers, but you may very well find that you can skip that whole step entirely.

 On the other hand, your barber knows your hair will grow again and you will be back.  He might not be anxious to sell you a brand new hair management system that means you won't be back for 5 years.

Paintings hanging on a wall are not a fixture, they are personal property.  The answer to any legal question asked here is, "Check with a local attorney."  But in this case I can pretty confidently predict that if you end up in front of a magistrate over this, you'll get murdered.

Trophy wife.  Not posting a picture, though.