All Forum Posts by: Rudy Planter

@Scot Finn two cents...have you considered the delta between the values of rehab and rehab + new construction relative to the market based ARV?

Looking for guidance on subject. Cracked concrete foundation on attached garage and concrete between garage and house. The issue is discount on offer price considering improving concrete with additional concrete pour vs. total demo.

From outside two major top down cracks on different planes. From inside 1-1.5inch visible gap between top of concrete base and bottom of walls.

(*submitting this post from phone app. I have photos but don't see where i can attach photos.)

Welcome Scot,

Have you searched here yet using the built-in search tool?  Do you have a somewhat comprehensive list of tasks for the rehab? I just searched the files "templates" sub-directory and found a couple breakdowns that may be useful.

cheers

@Brandon Coutts welcome. I'm relatively new also. Just sold my first live-in flip. Looking to connect with greater Manchester area investors to talk shop and execute strategy. Looking for multis to hold and opportunities to lend sweat, cash and equity (and pickup truck).

@Samantha Gehin-Scott just experienced similar situation in Massachusetts. However agents on both sides. My agent got on the phone with the lender. Don't know exactly what was said but two things happened:

1. The out of town appraiser was replaced with a local.

2. Brought the appraisal back on schedule from blowing the appraisal period by a week.

Do you\your attorney have permission to speak to the lender whereby allowing you to explain your case and discover possible options?

You mentioned you know buyer (personally?). Would seller put more e/m on the contract for the inconvenience? Does your P/S have a strong walkout clause that you are prepared to execute?

Full disclosure: In my case the buyer side was not organized so I had agreed to a couple finance related extensions as needed but also had a higher e/m requirement.

Good luck.

Hi Ricardo. If you haven't already I recommend going directly to the VA website and read up on the VA-backed home loan program. Pretty extensive information on can's/cannot's do's/don'ts relative to maintaining your eligibility. The other common piece is the contractual language you agreed to with the lender, specifically the length of occupancy required. The VA does not specifically state a minimum length however, the lender most likely included a minimum term. The VA does state requirements for maximum time allowed to start occupancy in the property secured with VA backed loan (60 days) along with special circumstances that a borrower may claim if the 60 day requirement can't be met. I've had some of the same types of questions and started doing some research. Also as Dan Wynn (@danw13) has said don't hesitate to get on the phone with the VA for clarification on your eligibility and associated rules. (be prepared to sit on hold) Let me know how you make out.

Thanks Jason - makes sense. I'll keep shaking the bushes and analyzing to get something to make sense. 

Finally (hopefully) closing on sale of primary residence this week. With multi's priced as they are currently I'm considering another SFH using a live in/hold (brrrr) strategy. Anybody having luck finding off-market duplexes that make cash flow sense right now?

Update: Received today!

Hi Andrew, 

I am experiencing a similar issue with my purchase of physical books. I purchased three bundles + one additional on July 29th. The post-sale e-receipt states a 10 - 14 days delivery time frame. I have yet to receive a tracking number and/or updated order status. Sent two messages to the support address listed on the receipt 6 days apart (2nd on 8/18). Received a response after second message, only to be directed to use another email address not listed on the receipt. I am still waiting a response. Figured I might get a faster response by calling the BP number on the receipt only to discover via a prerecorded message that there is no telephone support. Instead I am suppose to continue sending emails. I am still waiting on a response of any kind on the status of my order with the major concern of missing delivery due to a possible move in two-three weeks. 

NOTE: None of the items I ordered were listed as "pre-order". This is at a minimum disappointing.