All Forum Posts by: Michael Stole
Michael Stole has started 70 posts and replied 208 times.
Post: Recommendation of a title insurance provider

- Real Estate Investor
- Ottawa, Ontario
- Posts 217
- Votes 14
Can any one recommend some title insurance providers in Ottawa? Thanks.
Post: Sheriff Sale

- Real Estate Investor
- Ottawa, Ontario
- Posts 217
- Votes 14
Post: Appraisal comes in at exactly the purchase price

- Real Estate Investor
- Ottawa, Ontario
- Posts 217
- Votes 14
Thanks for all the replies.
My another concern is that when I sell the house later on, a low appraisal value may give me an headache.
Post: Will you remove these walls in a classic center hall house?

- Real Estate Investor
- Ottawa, Ontario
- Posts 217
- Votes 14
Here come the floor plans that I draw. Any other suggestions on changes on the structure of the house?
Main:
Second level:
Basement:
Post: Chicago buy and hold

- Real Estate Investor
- Ottawa, Ontario
- Posts 217
- Votes 14
Originally posted by Jim Tiernan:
Good luck,
Jim
I am thinking of buying and holding in Chicago as well.
Jim, is this company called American Homes 4 Rent? They are buying crazy in mid west and rent them out.
Post: Why do agents make so little on average?

- Real Estate Investor
- Ottawa, Ontario
- Posts 217
- Votes 14
Originally posted by Mark Ferguson:
This is a highly competitive job. You have to be smart, diligent and aggressive, just like any business.
Post: Will you remove these walls in a classic center hall house?

- Real Estate Investor
- Ottawa, Ontario
- Posts 217
- Votes 14
Originally posted by Stephen Masek:
Thanks. I will have an engineer come to check. Even for load bearing walls, what I learned is that I can still remove or cut them as long as I put beams above.
Post: Appraisal comes in at exactly the purchase price

- Real Estate Investor
- Ottawa, Ontario
- Posts 217
- Votes 14
Originally posted by Bryan H.:
Typically, when you buy off the MLS, what you pay is the full market price for the property. You CAN buy properties that need work, but you are still paying full market price for it. When you repair & resell, then you sell at market price.
This one will be my primary residence, so lower appraisal is good on the other hand since I pay less tax. But this just makes me question my analysis.
Post: Will you remove these walls in a classic center hall house?

- Real Estate Investor
- Ottawa, Ontario
- Posts 217
- Votes 14
Originally posted by Michael Stole:
My question is will you remove these walls to make it open space (shown in the pictures)? Wall 1 separates living room from the hall way, Wall 2 separates hall way from the dinning room, and Wall 3 separates the dinning from the kitchen.
If walls are removed, you will be able to see all the rooms from the main entrance, so will definitely lose privacy but enjoy much more open space.
[img]http://www.flickr.com/photos/62438301@N05/9456726004/[/img]
[img]http://www.flickr.com/photos/62438301@N05/9453943285/[/img]
Have to cover some area in the picture to protect the privacy of the current owner.
Sorry the pictures do not come out right. Tried but still could not fix it.
But if you click on the links you are directed to the pictures.
Post: Will you remove these walls in a classic center hall house?

- Real Estate Investor
- Ottawa, Ontario
- Posts 217
- Votes 14
This is a classic center hall house. The stair faces the entrance, with the living room on the left hand side and dinning room and kitchen on the right hand side. I will try to draw a floor plan and upload later on.
My question is will you remove these walls to make it open space (shown in the pictures)? Wall 1 separates living room from the hall way, Wall 2 separates hall way from the dinning room, and Wall 3 separates the dinning from the kitchen.
If walls are removed, you will be able to see all the rooms from the main entrance, so will definitely lose privacy but enjoy much more open space.
[img]http://www.flickr.com/photos/62438301@N05/9456726004/[/img]
[img]http://www.flickr.com/photos/62438301@N05/9453943285/[/img]
Have to cover some area in the picture to protect the privacy of the current owner.