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All Forum Posts by: Josh C.

Josh C. has started 13 posts and replied 1256 times.

Post: Should I try to hire a "Bird Dog"?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

@Leilah Davis

You are building spec homes in 2-3 months? In my area even the biggest of boys in my area don’t do that. Got some videos or more info on that? That’s pretty incredible.

But networking with wholesalers would maybe help you.

Post: Buyer is asking for credit from my commission

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

For retail sales where realtors are more helpful in the transaction I see everyone’s point. On half or more of what I see. Cash and no inspections no hand holding I see no issues. This is common place. Dual agency cut 1% (or even 2%) and get the deal done next week.

Now these are 80k transactions for rentals, not expensive places, where all parties are in the know. I see where 400k retail this may not be a clean. But I've both bought and sold with credits to buyers on the HUD. Really depending on the transaction and the relationship with the broker.

Goes the other way too. I’m seen a hud with an additional 80k commission going to the selling broker paid by the buyer on top the 100k selling commission so everything is negotiable.

Post: Electric radiant heat for rentals, yeah or nay?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

I’ll second what others said. Electric heat is about triple the cost of gas to heat a home. I’ve seen a one bedroom with a $700 bill in January.

Mini splits are great. I’ve used them several times.

Post: What the “BLEEP”??!!

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

Sell and you’ll have a 150k. Good starting bank roll.

Option two ask your husband to just deed you the house. That’s weird he has stuff and controls your stuff too based on what you wrote.

Post: Virtual assistant needs internet phone number

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

@Brent Kiger

Google voice is available over there. You can have them try to use it from a computer instead of a phone. Also, headsets are better than internal mics. RingCentral will also work on google voice numbers.

Pro tip: spend $80 on a VPN for them to use. Lots of US based companies don’t play nice with foreign IP addresses for whatever reason. So have their IP be “local” is helpful.

Good luck!

Post: Do you buy your contractor materials and tools?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

@Ralph Chiaia

I think sweating buckets and razor blades is penny wise pound foolish. Happy contractors are better that contractors who think you are being stingy.

Worry more about the quality and design than this little dumb stuff.

Post: Tenant accused of manslaughter

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

Our lease has an no illegal activity clause. So once convicted that would grounds (if he shot someone in the street it’s a little gray as it didn’t happen in the home, but judges are rarely sympathetic to murders). Now if he was drunk and hit someone with his car and was convicted that way, might not go in your favor depending on how the judge feels that day. Personally, I’d send a letter once convicted of a real crime (not the medicine one as mentioned, but a real crime) to the property trying to terminate the lease to what seems like bad tenants.

Good luck!

Post: AC unit was stolen after final walkthrough and before I got keys

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

I think your attitude is totally wrong. What did the seller do to warrant a lawsuit? If you were the seller would you think you did anything wrong? Why does your agent need to advise you that you should look at something that is vacant and unwatched before you spend a lot of money on it?

Victim attitude doesn’t get you far. Got to own this one. Next time you spend 100k on something go see it at least 48 hours before buying it. $1200 is cheap for a lesson. That old ac probably wasn’t brand new anyway.

Sorry that probably sounds harsh, but victim mentality will get you nothing but bitterness.

Post: Indy first BRRRR deal

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

@Phil K.

Nice one! Popular area for sure

Post: Is this done by termites?

Josh C.
Posted
  • Property Manager
  • Indianapolis, IN
  • Posts 1,299
  • Votes 1,316

I rehab a lot of homes in Indianapolis. Several gut jobs. Mostly older homes. I’d guess at least 90% of them show termite damage. Fire damage too. That stud is old growth and at least 50 years old. That damage might be from way back and not a current problem. Look outside and you may already have treatment done. Maybe just replace the damaged lumber and move on. How old do the dirt tubes look?