All Forum Posts by: Clint E.

@Jonathan Perez I mean try to get the HVAC replaced for the agreed upon price.  If you can't then try to renegotiate the price.  If you can't do that then see if they will have it installed at their cost, and then adjust the sales price up for the difference so you don't have to use cash to fix the AC.  

Freon is refrigerant, it is in the HVAC system and it won't work without it.  A 30 year old HVAC system probably uses the "old" freon, which costs so much more due to government/environmental regulations put in place due to its harmfulness to the planet.

The older unit will probably be using the old freon, R22.  This old type of freon can be 10x more expensive per pound than R410.  Just another thing to consider.  

Try to get it replaced before closing, and get that cost put in the loan at worst so you aren't out of pocket for all that cash.  

You shouldn't have a problem finding multi-family for sale in Springfield.  With the college there growing and the need for housing increasing with the growing of the city something that fits your needs should pop up.  

I have American Home Shield, which is the largest home warranty company and most reputable from my research.  I bought it because the house I purchased was in so-so shape and I didn't want to replace everything right now.  

Using it was easy online or via calling them.  They replaced my AC this summer when it crapped out.  They tried all the band-aids fixes first and eventually replaced the compressor.  They didn't cover freon, but I'm still happy with it.  They also replaced a kitchen sink faucet that I had replaced with a low quality faucet (bad move on me).  They put in a Moen for $50 (total cost to me).  I would've spent $50 on the Moen and then had to install it which is not fun at all.  

There is a fee per claim/call/event ($50-75) and that usually covers everything.  

How many units did it take to finally be able to quit?  And are you leveraged or paid off, or a mix?  

And did your strategy change throughout your real estate career or have you been steady?  

When you do a walk-through you go through and show them everything is clean (oven, bathroom, microwave, stove, fridge, floors, doors, walls...everything).  Many apartment complexes and landlords use this.  Any cleaning not done is deducted from the security deposit.  

I moved out of an apartment once and they did a pre move out inpsection, told me I had a bunch of cleaning or $200 would be deducted from my deposit.  So I got to cleaning and got my whole deposit back.  

Many lease agreements list general and specific cleanliness standards.  

 Say the job market crashes and people lose jobs.  Then they move in together, there are less renters and less demand for rental so that drives prices down.  If you are just breaking even to begin with then if the market goes bad you are going to lose $100 or $200 a month, $1200-$2400 a year.  

Also, don't you want something for your $42,000 closing cost?  I know I would.  You can buy houses for that much.  

Planning like older generations have done?  Like for the national debt, or the future (in)solvency of Medicare/Social Security/pensions?  Like buying houses with adjustable rate mortgages?  

Let's not act like any generation doesn't have their fair share of people making mistakes, because that is what people do.  

Did you call the agent and ask them?  

Even if they won't ask your question you can feel them out some.  

Are there other methods of transferring funds to close a deal (besides wire or check)?  

What are the common methods and why don't more people use cash (legal tender)?  Newb questions I know but I'd like to understand.