All Forum Posts by: Tom C

Nope. Always use a company check and proof of funds in the form of a bank statement from the same account that the check was written from. I have had to make out a check a second time, made out to their title company.

Nope.. They insisted that I use their company. Their reasoning was that if I used mine, then there would be double the work, because they still had to run it through theirs, in the long run it worked out fine. They actually come out to a mutual meeting place.

Permits mean HAZMAT if you are working with older homes. I would not want to be the person who is responsible for gutting a lot of houses. The red tape you will have to go through deal with the City would drive me nuts.

Get your tongue out of my mouth. I'm kissing you good bye.

Ken,

I am not saying to give up on your idea. I just think you are going to have a difficult time getting anyone to move into this area. For the small business owner, you still have to have customers willing to buy your product and a safe place to work. Ytown, doesn't offer much of either. Now as far as Austintown, Boardman, Poland and Canfield.. Oh yeah. If you can find these same type of deals in those citys, then yes that is prime. I can tell you that the last $25K home that I looked at in Canfield, needed around $30K just to make it liveable. The only thing that I have found selling in those communitys for $25K are trailers.

Ken,

I wanted to respond to you. We aren't off on the wrong foot, I just have seen many out of town investors come into my area and unload homes on unsuspecting people, sometimes other investors, sometimes out of town people dreaming of being a home owner, only for the buyer to find out that the home needs a lot of work in order to make in habitable or to find out they just bought in a war zone and they can't even leave their home without fear of it being broke into and stripped again.

In regards to the home on Midlothian. I am not familiar with that exact address, but I can tell you 1.5 miles west of that house, is not a place you would want to go for a walk once it got dark. As you know, in the city, neighborhoods can change from street to street. So without driving down in that area, I cannot say what it is like. No, I do not have any houses in Ytown, nor would I. $25K for a house in Ytown would be too expensive for me. There are far better deals out there.

And I can tell you that the city of Ytown and also my local hunting ground has been promising for years to take care of these vacant homes and they burn down 20 or so a year. The money is not there. Yes, I know, we have been promised funds from the government to address this issue, but you know those funds always go to lining the pockets of a few people, while they never get used for its original purpose.

If you are not familiar with this area, then do a little research. You can get a lot done with a little cash, but you certainly don't want to cross the wrong person.

Good luck on your endeavors and perhaps you can do what many other investors have failed at.

Ohhh.. I missed that Shirley and I don't believe anyone has an issue with guy going after this lady. I think the issue is that Armando is a real Tool on his show and because of that he certainly won't get much sympathy around here.

Except from you I imagine.

Ken.. Just wonderful, as if we don't have things bad enough, you are going to sell at bunch of vacant trashed out houses by moving in illegal immigrants and people already of the government dole..

Be sure to sell them during the winter, the neighborhoods look much better when it's cold outside and I also think the cold weather dampens the sounds of gun fire.

Forgive me not being excited over the prospect of you doing this. You don't seem to understand how bad these homes are and exactly how much money it takes to even get the services turned on, let alone making them livable. Or perhaps you do, but you found a way to market homes to unsuspecting Illegals and you are going to dump these people in my back yard.

Dave, Will the GFI work correctly if it is not grounded? I don't think so..

Ken,

What does this mean? "utilize by marketing to people in from outside the city, based on the perceived purchasing value of their dollar"

Sounds like you are trying to sell to investors who are not from this area and have no idea what a hell hole most of Ytown really is.