All Forum Posts by: Sebastian Taylor

Google street view shows that one of your neighbors is boarded-up for quite a while. SDAT shows it was bought for $5000. Most likely, there is no solid roof anymore.

And that tree... Needs to be cut asap. This will cost more than a property worth.

I would not touch this.

I actually wanted to say the opposite - "2-4 flips" in 2017 to start is way too much. My first flip was one rowhouse and it took a full year. With a paid mentor - which you should never do!!! It is difficult at the beginning, aim for 2, complete 1, and call it success. But that is me.

PS. Corrected in bold - there are a lot of people who can help for free or beer - those arrangements are ok.

My main complaint about the title agent is that he does not communicate with me or my agent, and I don't know nothing about the case. I started to raise my voice 2 weeks ago, this is when the things started to move, but I suspect that he missed some deadline and this is why the perfect case is in a mess now. But it is all my speculations, I do not know for sure, and nobody can tell me.

Thanks, everybody.

I don't understand what is the issue. The title agent claims that all documents were submitted to Sage's portal timely. Then something needed to be added, which was added timely. Then Sage "could not accommodate the closing date" and advised to file the extension. The extension got submitted online. Then the extension was denied next day, the day of closing (today). Then after my multiple inquiries on WTF, whoever assigned to the case from Sage responded that he "does not work for extension department and cannot guarantee anything more can be done." The day ended, they all home now in front of a TV, and I don't know anything about the case.

@Harry Metzinger, please send me the contact too. Sage is threatening me that "there is nothing that can be done at this point", but I don't even know what is wrong with the case, they just don't tell! And definitely their departments are on different planets in different universes, they do not talk to each other for years.

Sage Acquisition employs morons - for the record.

Hi All,

My title company screwed up the HUD purchase for the second time in a row. Actually, I am in the middle of a second case. I understand that dealing with HUD is tough, but what pisses me off is that my title co agent blames everything on Sage and retreats. Sage, on the other side, blames everything on HUD guidelines, and you know, you can't call HUD. When I as a buyer (or as an agent, doesn't matter) call Sage, I face a gatekeeper who says that "Unfortunately, nothing can be done now." The same is in responses from the clerk who is assigned to the case on Sage side.

If anybody has any good title company agent, who is accredited with HUD, and who can close HUD deals quick, I would appreciate a referral!

Unbelievable, all cash purchase cannot be completed in 30 days, and it looks like I am loosing this deal.

For an average seller who sells a house 2 times most in their life, maybe, having an agent is beneficial.

Most of us here, however, would benefit from not having one.

Look at what banks are doing. "No offers will be entertained for the first 15 days on market" or something to that effect. Does it sound familiar?

 @Account Closed, this way tenants will open bottle refilling station and sell your water, won't they?

Is invoicing them every month with rent plus past water bill amount viable?

@Michael Woodward, rehab is not an art, it is just a hard work. J Scott wrote 2 books - all you need to know and a little more. The rest is a common sense. When you have a "partner" who supposedly is going to "help you", you do yourself a disservice, you condition your mind to rely on somebody else instead of solving the issues. I don't believe in good companies when money is involved. Speaking from experience - I did my first rehab with somebody - it turned out to be a disaster. I will never forget how stupid I was to rely on somebody's help or guidance.

"Targeting newbies is the preferred method of shysters that want to collect their fee" - this is exactly what is going to happen. In the meantime, they will sell you some other service in between; to solve the problem they themselves have put you in. I won't be surprised if their lender is a separate LLC they themselves own, and their contractors charge twice as market. At the end, when there is "no profit and nothing to split", in best-case scenario, they will be way ahead of you. Besides, how would you learn something if they already have everything in place? They have a lender, they have a GC, they have a crew. On your next project when you are on your own, how would you build your team?

, if you are able to find a deal as you described in your firs post, you don't need any partner whatsoever. Finding a deal is the hardest part. The rehab is piece of cake, just be careful and get at least 5 quotes. You'll find tons of contractors at your local reia, and I would suggest for your first flip do not give all work to one contractor, roof to roofer, hvac to hvac, flooring to flooring etc. Finish that one project one at a time, don't get anything else in parallel, thank me later.