All Forum Posts by: Avery Bernstein

"Zone residential" will also come with lots of restrictions.  Make sure to know what kind of house, size, set-backs and other regulations are there before you start spending money.

@Lee Ripma 

Yes!  And it's just getting worse!  Even though they acknowledge there really may not be a leak, AND that our Property Manager has confirmed no leak....we MUST send "invoices and pictures" from a licensed contractor saying such.  

NOPE.  Not spending money to hire someone to prove a leak isn't there that should have never been pointed out to begin with.  Why not just send the inspector back out?

ARGH!

Avery

Thanks y'all!  We know the RS system is solid, and the price they say they can get is pretty high...and is believeable.  But it's became a headache fairly quickly.

Our issue with going with any of the other companies is that the house IS rented.  Yeah and boo

Avery

So our Property Manager pushed us to sell our rental through Roofstock...mostly because he wanted to see the process, how it works, timeliness, blah blah for selling other properties.

Anyway, it seems like it's been one delay or bad communication after another.  And now we are at a snag because the inspector found a non-issue.  Our Property Manager/caretaker inspected the issue and found that it was a non-issue.  Roofstock is refusing to move on unless we produce "invoices and pictures".  Considering that there was NOT a leak, we did not spend money to pay a plumber to come out to say that there isn't a leak.  

Does communication get better?  We aren't even to the listing process yet, and we have had slow or no or miscommunication.

Thank you!

Avery

We recently purchased a great 3 acre tract on the edge of our city.  It has a dinky little house and 2.5 wooded acres that but-up against a 39-acre parcel that is being rezoned for apartments and a SCHOOL!  ugh

At this point...how would you contact the Church to see if they would be interested in your tract to add to their parcel for development?

I love our house and land.  It's perfect.  But 60 apartments and a school is not what we had in mind for our neighbors...and traffic is going to be sooooo bad.

Avery

Please help me think this through.  We recently bought a house for 90,600.  Payment $685. Not really that important, but a piece of the puzzle.  We moved OUT of our PAID-FOR house, and have it rented with a Property manager for $1350/mo.  He converted it (on our dime, of course) from a 3/1.5 to a 4/2.  It's on a .4 acre lot in a decent, but not fabulous, side of town. 

Recent comps have pushed local prices up.  My husband has always wanted to sell.  I think $1350 (we take $900/mo) is nothing to sneeze at.  

Our PM is only interested in selling it through Roofstock.  He believes it will be an easy sell for $1350.  

That said...we are going to try and decide this weekend IF selling is the right thing to do.  Our state has become a place that is not conducive for our family, and selling the rental would give us cash to pay off debt and move around.  But then we still have the house (with the 3 acres we planned to develop in the future) to either sell or hold. 

We do NOT plan on paying off our current residence with the proceeds, if that helps in the equation.

Thank you,

Avery

Our former neighbor approached me with "renting to own" our old house.

I talked to him today.  He doesn't want to do a deposit or first/last...just the $1200/mo that I told him so that he can "rent to own".

I'm thinking not.  YES...he's been a good tenant where he is.  And he keeps up the house, and he's done improvements, and I don't believe he would be a bad renter.  I think he would be a good one.

But...doesn't "rent to own" usually require a larger deposit/downpayment?  And what portion would you put towards the purchase price?  He didn't even ASK the purchase price.  

Thank you!

Avery

Update!!!  We ended up closing on the house last Friday.  And our renters fell through on our old house.  

I have taken to the Glenfiddich.  

My husband's "big three items" for new house have been repaired, and now we are just trying to unpack 1600+ sf into 1193.

We bought a house and closed last week.  Our long-time friend and business partner with DH pushed us to rent our old house, and we used the lease to qualify for the new house.  

And...the renters backed out.  Some our fault.  Some there.  

Now, the friend/Prop Manager (there IS a contract) is pushing out the "ready for renters" date to the 24th because, of course, he has lost his need to push the work through that needs to be done.

AND...he will NOT listen to husband and I when we say we want to rent our house for no more than $1200.  We don't believe that our neighborhood/house will handle for than that.  PMs reasoning for going for $1350 DESPITE our repeated attempts to NOT go that high...is that then we can list the house on Roofstock.com for $130K.   

We want to list for $1200.  How much pull do you have over your properties when you have a property manager?

Avery

We own a house.  1600 Sq Foot FULL of stuff.  Genuinely need to declutter.  On 1/3 acre in not-so-hot-not-toooooo-bad neighborhood in city.  As-is could move for about maybe $80/85K.  Maybe.

On 2/14, cruising Zillow, find house in same zipcode on 3 acres for $89,900. On market 4 days.  2/1.  Great kitchen set-up.  Very convenient location for family.  1193 sf. I tour.  Do prequal that night, take DH the next morning to see at 8:15am and make offer 2/15 at 11.  House had been under contract once before (the WEEK before) with multiple offers, and it fell through in 2 days.

Our offer is accepted at 8:45pm 2/15.

Monday, 2/17, our Property Manager shows our NOT-ready-for-showing CURRENT house and rents it THAT NIGHT for $1100/mo.  Renter signs Binder and gives $400 deposit NEXT DAY.  Now...we are in a binder.  lol

Mortgage is expected to be $710.  

AND now we will have 3 acres, of which we meet with the city TOMORROW to pitch them our future development plans of the back 1/2 of the property.  AND we will move into the smaller house (but has an immense about of storage).

Inspection was Tuesday.  It was bad.  Mostly...all stuff we knew.  Most fixable.  Planning on asking for the moon in allowences from seller. No feel for what they will say. 

Husband is like "WHAT PART OF THIS REPORT DOESN"T SAY RUUUUUUUN TO YOU???"  

How bad do you expect the Inspection report to be?  If you knew most of it could be fixed before you moved in...would that change something for you?  How about future development plans?  

So much going on.  Due diligence ends 3/9.  Closing is set for 3/20.

Mind just swimming.  Thank you.