All Forum Posts by: Charles Wiegert

I cant seem to figure out how to PM you Timothy Jennings but my good friend Glenn at Clegg Complete Maintenance can help you out with the roof and he may be able to assist with finding an electrician. I dont think i am "allowed" to post contact information on here, am I? Maybe i cant PM from the app?

Dumb question, but its always bothered me. Why are some two, three, four family houses two toned? Either different color siding on the first level than the rest or a different siding all together. Was there a huge bubble at one point where all these additions were raised? I just think that the buildings in general would look a 100 times better if they were all the same. I post in Connecticut because im not sure if its a national trend or just my part of the world.

It is possible the neighbor has a conflicting survey and is/could be in the right. However that is unlikely and a bit if an issue to resolve, that could end up in front of a judge. Very rare in my experience, but possible. I'm not a cop or a judge but technically speaking if the fence is on your property, you own it... I would approach the neighbor amicably and introduce yourself. Work your conversation so that you ask if he has a survey for his property because your seller provided one and you'd like to compare. After that go down to town hall and meet the zoning enforcement officer and tell them what is going on. They will be able to tell you if permits were pulled for the fence and shed, and they have the authority for corrective action.

100y flood just means there is a 1% chance itll happen every year. 500 year means .2% chance. In my opinion its not a huge deal but it is something that deter buyers when you do go to sell, and generally speaking decreasing your buyers market probably isnt the best. That being said there are things you can do for relatively little money to "flood proof" the house. A local surveyor may be able to show the home elevation is actually above the floodplain. Both of these would relinquish requirement for insurance, but it is still a good idea.

Either real estate or stocks at least you are investing and that is the important part. Whatever youre more comfortable with, because its your choice. While you cannot necessarily call the CEO of the company and suggest they change markets or make phones smaller again, you can get out of the company if the prospects are bleak. Thats an advantage of individual stocks instead of indexes. To me, i consider owning real estate to be a dividend paying stock. I own a portion of the property that increases every month/year and it pays a monthly dividend that annually exceeds anything found on the market. I also own amazon, home depot, apple, and other individual companies. If you really think about it both models are extremely similar. What is pushed on these forums more than anything else is education. Dont jump in to a property, analyze 100 properties before you buy one. Thats no different companies. No matter what you do it is most important to do something and to be educated on your investment.

A drain will clog or silt in and require you or someone a lot of digging or a machine anyways. I would recommend getting estimates from small contractors to excavate a swale to channel the water away from the house. Something that is mowable and constructed not to channel the water so as to cause erosion. A well constructed swale will be virtually maintenance free for many years to come.

Make sure you are not trying to view a post in the pro areas. It crashes for me when i click one of those links. Would make sense to just have a pop up and deny entry....

My best advice would be to talk to your lenders youve worked with before and ask them. And then call around all the other banks in town and as them. Personally i have asked my main lender and they have told me no, but you dont know until you ask. You may be able to do a HELOC also

The bank i have used allows me to use my 401k, not as collateral or assurance, but as a proof that i have funds if fit ever hit the shan. Is that an option or some other stock accounts?

I understand completely losing pratt or sekorski or ge or any of the insurance companies would be detrimental. I have no problem with the tax incentives to keep those large companies in state. Even with those concessions statistics show people moving out of the state at a rate that far exceeds those moving in or reproduction. Over the last 5 years i havent seen any real appreciation in the markets around me and i cant see that changing. Family/work is keeping me here presently. I could see that changing in the next 2/3 years though. That "short-long" view makes me not want to stay out of the BRRRR and hold strategies for CT. Like you said Scott Hollister there are way better returns elsewhere. I was just in Maryland and DC and theyre building up every block!