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All Forum Posts by: Doug N.

Doug N. has started 9 posts and replied 216 times.

Post: How many Real estate investors in Canada are using BP?

Doug N.Posted
  • Lynnwood, WA
  • Posts 221
  • Votes 157

Such a polite thread! I am not Canadian, but I love the jokes for sure. Carry on!

Post: Finding Difficult to close Bank Owned Property

Doug N.Posted
  • Lynnwood, WA
  • Posts 221
  • Votes 157

I  know nothing about the specifics here, but I can say that if you (and others that you trust) think you are getting screwed, then you'll be best served by listening closely to your intuition.

I have never seen an instance of seller f*uckery (fake invoices, refusing to be transparent, etc) that turned out well for anyone but the seller. There is a specific reason that folks try to hide facts and deceive others, and it's not for your benefit.

Best of luck.

Edit: curse asterisk added for clarity.

Post: Odd behavior from electrician?

Doug N.Posted
  • Lynnwood, WA
  • Posts 221
  • Votes 157

@K. marie P. often says what I am sometimes too reticent to say... I always struggle with being too frank, thinking I should somehow be 'nicer' to the reality show contestants that often post here. 

But then I wonder why they post at all, the completely hilarious ones... really, are they expecting anything more than sympathetic replies, or are they truly seeking a solution to what are clearly systemic errors in thinking and judgement? The answer is in their responses (or lack of) to the many helpful and concerned follow-up posts.

I am looking forward to that wonderful and historic day that @Nat C.posts about a moderately successful subcontractor that produces quality work at a fair price. 

I wonder of there is a keyword alert for that scenario.

Given the complete lack of details, I can only recommend that you dress warmly. 

Best of luck!

Post: Keep security deposit due to early termination

Doug N.Posted
  • Lynnwood, WA
  • Posts 221
  • Votes 157

@John Yu, Yes, some companies do this, at their own peril. And as I understand your question, some releases have that language in them, but it does not supersede the statute. Anyone can write anything into an agreement, lease or contract - I see this a lot - but it most always gets smacked down by a judge if it makes it into court. 

You best course of action is to get very familiar with the law - perhaps print it out and read it a few times, that's what I like to do, as it's usually written very poorly and takes a few re-reads to understand - and then review any of your off-the-shelf contracts for clauses that are not legal, and re-write your agreements to reflect that. 

Or have an atty do ^ for you. 

Best of luck!

Post: Greetings from Seattle, Washington.

Doug N.Posted
  • Lynnwood, WA
  • Posts 221
  • Votes 157

 Hello Jordan, and welcome to BP Nation. You may want to look up @Alex Chin, he always has good advice and is very helpful; he's local as well.

Although I am probably not as competitive as you, I excel at coffee drinking, and I could probably beat you handily at any Peet's coffee drinking competition. Srsly, pm me if you need and Snohomish info, I have some databases that are a lot handier than the county's attempts. 

Take it easy!

Post: Finding Stellar tenants - Advice?

Doug N.Posted
  • Lynnwood, WA
  • Posts 221
  • Votes 157

@Douglas Slingerland I just have to say I really like your hat! It's like a combination Mickey Mouse and Viking helmet, plus it's apparently made of real gold. Very nice!

Post: Keep security deposit due to early termination

Doug N.Posted
  • Lynnwood, WA
  • Posts 221
  • Votes 157
Originally posted by @John Yu:

@Bill S.Thanks for your advise...If I inform the tenant within the 30 or 60 day after they move out, that I will be keeping the SD as a penalty, do you think it can be done and I'd win the case in court if I ever get sued? 

 Hi John - 

I am wondering why you would even want to take that risk. Is it worth your time and the accompanying headaches? Best of luck. 

@Steve Vaughan Thanks for the detailed info - you sound like a half-accountant at least. 

I know tax issues make most people sleepy, but I also think that - if well explained - it can turn the conversation, as it's ultimately about saving dollar bills, and everyone can relate to that. 

Some folks I talk to are very much not into hearing about taxes, and for some sellers I was thinking of making a small, basic well-designed sheet that shows two or three ways of configuring the carry, with each one clearly showing the dollar savings at the bottom. In this way, whether the seller enjoyed numbers or not, the message still gets through loud and clear - dollars are dollars, and folks seem to like them lots. 

To me, it's a presentation issue, like a lot of things in life, and presentation (framing) really counts. In other professions, I have had to present complex and boring subjects to people who did not think they cared at all, and this mindset held true - until I showed them what they *did* care about, and how it was related to the matter at hand. 

@Kim Handelman I see you're an art director, that's awesome! Perhaps you can pretend the seller is a grouchy client who insists on Comic Sans. lol, right?

Post: Odd behavior from electrician?

Doug N.Posted
  • Lynnwood, WA
  • Posts 221
  • Votes 157

@Nat C. I have to say there seems to be a common thread in your Laws of Attraction™ to contractors and handypersons. 

As I recall from your last thread (The World's Most Awesome Tiling Job, Compleat With Pictures), you asked for advice on pretty much the same thing. Do you see any parallels here?

Are you thinking this electrician will work out just fine, except for the materials payment part??

Please do let us know what happens...