All Forum Posts by: Ted Shackleford

Wow thanks for the input everyone! I did not expect this much response. As for the company, I did a review on them and they did supply references for us to contact. The guy that came actually took my address and on his Ipad showed me the efficiency using my house from Google Maps. He explained about the sun azinth? of the sun angle and how we have 4.9 hours of sunlight usage per day. The roof indeed faces south. They will be going on the garage which is perpendicular to the house. It is a 3 car garage (deep) and the overall size of the system is 10Kw. I asked about night use and they quoted me a tesla battery so I can store the energy and use it at night. I don't plan on selling the house for a long time we just bought it. Thanks everyone!!

Michael,

    See that was my opinion too. In Massachusetts it is faster due to National Grid being ridiculous! My payback period is 6 years and 10 months. My wife and I are discussing it tonight. I think I am going to do it. I can't see National Grid getting less expensive in the future

So I just had a free consultation with Solar Wolf Energy. Has anyone else used them before? It's a Florida company that is now here too. Anyone else used them before? They were quite open about the numbers, a bit shocked by that approach to say the least.

So I have an extra 10-15K right now. Willing to look at property from Maine to New York. What is your input and why? 

Your personal home should is covered in a homestead....it is already protected

I am submitting this to him tomorrow. My intentions and reputation is well intact. At the end of the day however it falls on their final decision, we shall soon see.

Quick question, I am looking at a property where the owner will hold the paper on the deal. However the property needs about 25 grand in repairs to be brought up to snuff. I am a licensed contractor and typically have done higher end projects. I am thinking of offering my services, paying for the higher end materials, and pulling all the permits to make this all done by the book. However I do not want to give the owner 10-15 percent down because I will need to use those funds for the repairs. Anyone ever done a deal like this where the potential buyer will instead of giving a down payment, they will supply the labor, materials, and licensed subcontractors as skin in the game? Essentially creating more value and making the property worth more albeit making it less of a risk for the note holder. Thanks in advance. If it helps or not the property is in Mass

Only thing to consider is if the economy destabilizes (because of the last week it seems to be unraveling on Wall Street). You may want to look to figure out if 2 out of 5 tenants decide to stop paying / move out. Also something else to consider is a fixed commercial loan, its more likely than not that rates will rise soon, hope this helped and wish you all the best mate

My 2 cents is don't buy now. When interest rates rise prices will decrease. I personally am waiting for wall street to collapse and take main street with it. In real estate you make your money when you buy not sell. If you overpay now (and you certainly will) a vacancy will hurt you more than if you can pick up the same unit for 80-100K less and you know you will be able to. I would just quietly put away your funds and work away for now. When the time hits there will be fire sales in our city just like last time. That is when the wealthy and highly experienced buy.....chances are they got that way by not following the crowd. Cheers!

No doubt. My question is if the individual credit gets used or how that gets used. Tia!