All Forum Posts by: Bill B.

You can lower the price.

The buyer can pay the extra $9k in cash, if they have it.

The buyer can walk away with their earnest money and you can lower the price $9k for the next buyer or require them to bring $9k in cash. 

TBH $9k is almost nothing unless this is $100k property. The last property I bought was listed for $325k. I offered $320k and we went in to escrow. The appraisal came back at $285k. I offered to bring an extra $5k to the table to help the seller out ($290k). But she had to drop the price $30k of the $35k shortage. 

If there's nothing in the HOA about outside smoking then her telling the HOA is the same as her telling her friends. To quote a famous thinker:

“It just doesn’t matter.”

In regards to tree branches over the property line she can and should cut them herself. In many states If the tree falls on her property she’ll have to make a claim with her insurance, not yours. 

In case you didn’t read my post. I told you in the the post you quoted, that whirlpool (and 90% of US appliances) have a 365 day warranty. I’m sure you didn’t think it was 7 years.  

It is definitely a “scam” that ice makers cost 40-50% of a new fridge and 80-90% of the service calls are ice makers. After 30 or 40 years they still haven’t figured out the technology? You can buy a countertop icemaker that’s faster and makes nicer ice for under $100. 

You lived for free for 3 years, you should be swimming in money. If you are not it is time to sell while you can sell tax free. If the property isn’t worth 20-30% more after 5 years that’s another reason to sell. 

If you refinance the current balance on a 3 year old 15 year mortgage with a new 30 year one even at 6% your payment should go down. But again, if it doesn’t appraise for at least 20% more than you paid, sell while you can sell tax free. 

You could well to yoru relative so you/they avoid realtor fees, give them 5-10% in closing costs so they can walk in with low/no money down. Lotsa options. 

@Kristi K. did you read the post? He said they are just over 1 year old. Do you suggest they buy new fridges every year?

@Lena Wang I swear whirlpool is going to poop. I’m sitting in a 375 day old DR Horton build with a DEAD whirlpool microwave. I assume DR Horton buys a lot of appliances. But whirlpool said their warranty is 365 days. Not 366, and certainly not 375. Pound Sand and buy a new one. 

About 70% real estate but started at 100% stocks/etfs. The real estate just grew so much faster. I’ll pry hold them until I die. I just can’t see handing the government 30-40% of that 70% in taxes owed. If you leave them to your heirs or charities, they could fire sale them at 20% off and you’d both be better off. 

Pay for itself. Or break even isn’t “winning”  you’ve lost $1,000/yr the $20k investment could have made you even sitting in a bank CD.  Imagine giving me $20k and I give you $1,000/year back and in 10 years it “paid for itself”   You don’t use it for an investment  you use it to punish oil producing countries that hate us or to show your neighbors you’re better than them  :-)  

Usually it’s a horrible plan for rentals because you either have to charge higher rent and include the electricity or charge a flat rate discouraging them from saving power. But it sounds like you’re already doing that on the 2 units you’re paying out of pocket. 

Don’t forget it. It won’t help you with your tax bill this year as it will probably be 2025 by the time you install them. 

Maybe look at energy saving survey by power company of the 2 units your paying the bills for. 

They get a faster and easier sale because buyers can imagine higher future rents. “Everybody” wants to buy a property they can increase rents and values. If they increased rents and values who’s the buyer? Someone trying to earn 4-5% return they could get from a bank cd?

Switch to MTM rental so the lease never expires or renews. 

I consider climate change. I would never invest in any area that snows, or pipes freeze. Stick to the south. But your average buyer? Zero chance they consider weather or climate change. Their job is in city X. They don’t want to drive more than an hour each way every day. (Or they’d wreck the climate.). So they are only going to look in a very small circle of America. 

The day land is more expensive in De Moines Iowa than oceanfront well know people are no longer lying when answering surveys. It’s like the survey that says 80% of all new car buyers say they will consider electric car. Well. They haven’t gotten to 10% of sales.  So either 70% of them are liars, or EV’s are just a bad choice. Or maybe. The kind of person that would take their time to fill out a survey want to select “the politically correct answer” even if it isn’t the real answer. 

If you click on the magnifying glass in the upper corner I’m sure you can find the first 100 times this has been said/asked. It sure seems like someone in the media world wants you to believe it.