All Forum Posts by: Brian Hamel

I think you need to look at your finances like a reality TV show. Lets say the point of this reality show is to increase your net worth so you don't starve when your are old. Lets say you have to prepare for when your body breaks down and can not work anymore. What would the people on their couch watching be saying? What would you be say at the end of the episode if you were watching three people go through these three scenarios. 1st person buys a cheap car. 2nd person buys your car and decides to take the loss and move to a cheap car paying the $4,000 difference. 3rd sticks it out with equivalent of your car. You asking the question was the first step in fixing the problem. It will suck to pull a loan to give away a car but you are trading it for a house.

Don't use the background check on Cozy. I asked my friend to test it for me and none of the 8 felonies showed up. The friend was locked up for a year, two years on parole and not a thing. I called and got the run around. Its junk. I have one tenant on Cozy. He likes it but I never know till the day rent is due if he has paid. Plus its a week to get it. As for how it works 12 out of 12 times no other issues

I think people are forgetting the first step that caused losing jibs, gas prices sky rocketed. My little Civic had never seen a $30 tank filling and it cleared $35 one day. Prices rose so quick there was never a step between. Think I saw $4.30 a gallon. Home heating same issue. Every new channel in the country had a camera at a gas pump and the whole country started talking about it. Everyone knew bad times were coming and stopped spending money. 6 weeks later corporate America felt the crunch and started cutting jobs. It became trendy to save money. No longer was being cheap something to be ashamed of. So people moved in together less embarrassed. If anyone said anything you simply had to say "with the economy being the way it is it just made sense". It made being cheap cool. As a country we more efficient with fuel. We replaced huge SUVs with compact SUVs. We flooded the market with Hybrids. We have better MPGs then ever and we produce more oil than we consume. Just wait self driving cars are going to cut our demands on fuel by an astonishing rate. Plus solar panels all over the place and wind mills. I'd say an energy crisis is behind us. I'd guess Automation will be our next big hurtle. Increase in joblessness causing frustration towards the haves by the have nots.

We all have been in a situation where we were mad and wanted to screw the person we were angry at. Don't be the person a tenant wants to screw. People are wired to dig their heels in and fight. I would try and work with them. If they haven't found a place, they are probably thinking the grass is greener right where they are. I would offer month to month at a higher rate. A tenant that leaves without a fight is always better then one who leaves with one. Its about solving small problems not big ones. Plus you would be better looking for tenants in the spring. People pay more in the spring

I would sell the house for $190,000 buy $800,000 apartment building that profits $70,000 plus a year. 

I had an arm and its stressful. You always think about it. Do the fixed. 

Your mortgage is just the payment on the money borrowed (use an app to calculate) plus property insurance (call a a bunch of companies should be around $1500 a year if you have finished living area below grade aka basement get sewer back up) plus taxes (look them up by address on Manchesters website) and PMI if you don't have 20% to put down. Its not a big deal. Just like paying any payment. Use the Zillow mortgage app to see what is out there for rates. You get real quotes without running your credit

Thank you

NH Lawyer?

I had a signed P&S with Owner financing that the seller is trying to back out of because he got a higher cash offer. He has a real estate license. He is trying to say that the 5 day it took to get the property appraised and the 7 days to get the appraisal written up gives him the right to back out. What do I do?