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All Forum Posts by: Account Closed

Account Closed has started 12 posts and replied 157 times.

Post: Closed 1st deal!!....here are the numbers.

Account ClosedPosted
  • Investor
  • New York, NY
  • Posts 169
  • Votes 73

@Charmaine M.

Congratulations! Doing this in NY is tough, glad you made it happen! 

Post: What to do with wall tiles in... dining room.

Account ClosedPosted
  • Investor
  • New York, NY
  • Posts 169
  • Votes 73

This is most interesting...I've never seen this before. Maybe they were messy eaters and wanted easy clean up? Or a deterrent from kids' crayons? It's like wainscotting, BUT with tiles.

As a buyer, tiles in the dining room would be a turn-off for me and I would have to tear those tiles down. Very few buyers would be ok with tiles in the dining room, except for what they fixer buyers and they would ding you on price. 

I would get rid of those, then either leave it plain or just add a chair rail or if you want to do it up, do wainscotting or the like. 

Post: Close date while I will be out of Texas

Account ClosedPosted
  • Investor
  • New York, NY
  • Posts 169
  • Votes 73

@Sanchit Wadhwa

We use a traveling notary to do closings at our kitchen table in the evenings after work. I love it because we are able to choose the time. This traveling notary prints two copies of all paperwork (in case one copy gets messed up) and makes sure we sign and initial every single thing needed and triple checks before he leaves. Just as usual, have your IDs or copies of your IDs ready.

He is familiar enough with these types of documents that he was able to call out one incorrect item the attorney missed. We called the attorney right then and had them email us an updated copy. 

Only con is the notary cannot and will not explain the legalities behind the paperwork since they are not attorneys and cannot give legal advice.

Another option is you can do it with an online notary via webcam (we did that a few months ago, not for a closing, but something else). 

Post: New Member Raleigh/Durham

Account ClosedPosted
  • Investor
  • New York, NY
  • Posts 169
  • Votes 73

@Jayson Canady

Welcome to BP! You'll find a lot of us here are active in the Triangle - best of luck to you!

Members here have regular meet-ups around the Cary/Raleigh area - take advantage of that!

Post: Wholesalers To Flippers 1st Rehab (Pics)

Account ClosedPosted
  • Investor
  • New York, NY
  • Posts 169
  • Votes 73

@Nathan Paisley

Very nice work! Keep it up and best of luck!

Post: Rehab in Apex, North Carolina

Account ClosedPosted
  • Investor
  • New York, NY
  • Posts 169
  • Votes 73

@Kyle Williams

Congratulations, Kyle! Would love to see pics, if you are ok with that...I guess we're a visual lot!

Cary, Apex and Holly Springs are pretty nuts right now and you're right....deals are few and far in between.

Best of luck and keep at it!

Post: This Basement Floods Ankle Deep - Pic

Account ClosedPosted
  • Investor
  • New York, NY
  • Posts 169
  • Votes 73
Originally posted by @Jorge Rullan:

you need to make sure the basement walls have been properly water proofed and have a proper french drain in/around the basement walls.  

French drains, I think, might be a must on this one.

Post: This Basement Floods Ankle Deep - Pic

Account ClosedPosted
  • Investor
  • New York, NY
  • Posts 169
  • Votes 73

@David B. @Jeff Gebhart

Thanks, guys!

Post: ​Disaster tiling job

Account ClosedPosted
  • Investor
  • New York, NY
  • Posts 169
  • Votes 73

I agree with the others...this has to be re-done. Eye-sore...sorry. If a buyer sees this, they will begin to question all other work on the house and ding you for every dollar they can get. 

Post: This Basement Floods Ankle Deep - Pic

Account ClosedPosted
  • Investor
  • New York, NY
  • Posts 169
  • Votes 73

Just saw this basement over the weekend on a rental we visited. Since the owner is a few hours away, the tenant let us walk the property. 90 year old house with everything wrong except location and lot. Water damage, mold, old systems, leaky roof, rot, odor (humans and pets), old windows, filthy, etc. 

This is a portion of the basement, see how the water (ankle deep, tenant says every time it rains) has eroded the bricks and water stains on the blocks, like a mini water fall? Mold, mildew and other organic growth. Sump does not work or not enough to handle the amount of water. See how a stack a bricks "supports" the overhead pipe? 

I am not an expert in anything at all, but this definitely doesn't seem, feel nor smell right. No sewage smell, but wet, moldy smell. 

Mold needs to be remediated, but this water source needs to be taken care.

Anyone seen this before and how have you addressed the water? Thanks, all!