All Forum Posts by: Connor Mckelvey

@Jason Graves this is amazing. I can’t wait to have kids of my own to do this with.

As far as seeing eye to eye with your wife, it sounds like it’s not real estate that’s the issue, since you already have a bunch of units.

If it’s the “stress” on your daughter that worries her, perhaps it’s just a matter of perspective. When I was that age a lot of my friends were working at the grocery store or at the local movie theater, while those are not difficult jobs, they are stressful. Dealing with annoying customers, cleaning toilets, standing on your feet all day. And having a boss that probably doesn’t know what they are doing.

In this situation, sure your daughter has a lot to learn, but you can act as her boss and guide her through things she is unsure of. Sounds way better than bagging groceries.

@Jeremiah Goodpaster One of my townhomes has no HOA fee. And the other is $112/year. So basically nothing. The thing that attracted me to them is higher cashflow and lower capex.

@Jerry Stevenson Bought my first property in April 2019 for 75,000. It was basically a turn key townhouse. Put in about 5k for paint, LVP and light fixtures. Cash flowed right a way due to a housing shortage and rented for $1200/mo. The tenants skipped town halfway through the lease but got it filled a couple weeks later for a lower rent. But still rented way above my projections.

Hello,

I just purchased a SFH in Erie, CO. I'm going through all the important boxes on my home inspection report, and I'd like to get my fireplace serviced. I know a great technician, however he is an older man and taking time off work during the pandemic.

Does anyone have a gas fireplace technician the would recommend. Simply looking for it to get and honest servicing, not get up-sold into a new fireplace like a lot of the bigger appliance companies do.

Thanks

@Connor Mckelvey Before spending* half a million dollars.

@Jonathan Greene Nope! It’s more likely that I wanted to ask a question before half a million dollars!

@Avery Carl Right?! I have no idea why they would disclose this unless there was something else going on. 

I just my agent to ask why they chose to disclose this now, so close to closing.

Pulled some police records on the seller and 3 arrest since February, none of them drug related so that's good.

If anything interesting comes up I'll let you know!

And the awards for least judgemental and on-point, and  helpful responses go to...
@Dan Mackin, @Avery Carl and @Teri Feeney Styers. Thanks you guys, super informative, now I have some questions to bring to my agent.

@Brett Robinson No, I'm not paranoid. Just seeking advice. But a $26,000 meth remediation can easily make a good deal bad :)

Hello,

I am two weeks out from closing on a new property in Colorado

My real estate agent just called me and told me that the sellers wanted to disclose something fairly odd...

Apparently, one of the sellers is a heavy Adderall user (a schedule 2 prescription drug similar to meth).

She stays awake for 2-3 days at a time and gets extremely paranoid and is currently convinced there are bugs all over the house and someone is hacking her computer.

My worry is, that much like someone who is addicted to opiates may turn to heroin when they run out of a prescription, that someone addicted to amphetamines would turn to meth.

When I did my due diligence, I was unaware of the mental state of the owner, but I did not notice any bad smells, and the place was fairly clean, so I don't think she was cooking meth.

My due diligence period is over, so I don't think I can get a professional to to a test, but I have seen that there are test kits online. I could perform one during my final walk through the day before closing.

Has anyone done one of these tests before? Any recommendations on a good test? Would it even hold up since I am not a professional?


I just don't want to be stuck in a house that will be difficult to sell in the future or that requires meth remediation.

Thanks!