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All Forum Posts by: Ryan Watson

Ryan Watson has started 23 posts and replied 166 times.

Post: Diary of a New Construction Project

Ryan WatsonPosted
  • New to Real Estate
  • Indianapolis, IN
  • Posts 170
  • Votes 23

Thats a pretty nice place Jscott.

Do you have a bid summary for the demolition work? Showing the figures that went into 6500 dollars.

Post: Changes to aquifer and water mitigation

Ryan WatsonPosted
  • New to Real Estate
  • Indianapolis, IN
  • Posts 170
  • Votes 23

If they put the sewers in deep enough it may act like a french drain up stream in the aquifer from you. The water will run to the trench bedding and follow the pipe, thus relieving pressure on your basement. You can only hope anyway, it all depends on the ground composition and where the water is at.

What type of material do you have under your property?

Post: Title Search Tips?

Ryan WatsonPosted
  • New to Real Estate
  • Indianapolis, IN
  • Posts 170
  • Votes 23

the second question is from a property detail report. it shows the lot value and improved value to show a total cost of the house by the tax assessor. then a little further down the report it mentions the tax and weather or not there is a homestead credit and whatnot

Post: Title Search Tips?

Ryan WatsonPosted
  • New to Real Estate
  • Indianapolis, IN
  • Posts 170
  • Votes 23

yes. So would an example be like if there was an underground oil tank discovered after the special warrenty deed holder sells the property he's not liable?

Also little OT but whats the differance between Gross Tax and Net Annual Tax? Would this be after your personal deductions?

Post: Title Search Tips?

Ryan WatsonPosted
  • New to Real Estate
  • Indianapolis, IN
  • Posts 170
  • Votes 23

thanks seth. i was looking at another property around the block from the one i have in mind and this owner has a special warranty deed. whats that?

Post: Title Search Tips?

Ryan WatsonPosted
  • New to Real Estate
  • Indianapolis, IN
  • Posts 170
  • Votes 23

im looking to offer under 5000 for the property. So what exactly is a title insurance policy? Its not a monthly bill is it?

Post: Title Search Tips?

Ryan WatsonPosted
  • New to Real Estate
  • Indianapolis, IN
  • Posts 170
  • Votes 23

I've found a property that i'd like to use for personal use. Its a vacant lot that hasnt had anything built recently, however this area has alot of history dating back to the early 1800's. The houses nearby was built in the early 1900's.

Anyway I was thinking i would go down to the county recorders office to save some money on a title search and get my feet wet so to say. Anyone have any tips or other places i can look up information? The reports i can get right now only go back to the 70's as far as owner history goes however i want to go deeper, all the way back to the 1800s if i can.

If the title is good i'll send out my first yellow letter and cross my fingers. The property has been for sale before but taken off the market so i think i'll have a good chance here.

Post: Real estate developers on Lizard Lick

Ryan WatsonPosted
  • New to Real Estate
  • Indianapolis, IN
  • Posts 170
  • Votes 23

it was the one when Ronnie decided to run for mayor.

Post: Debate of Subdivision Morals

Ryan WatsonPosted
  • New to Real Estate
  • Indianapolis, IN
  • Posts 170
  • Votes 23

Its like talking to a wall. This thread would stay on topic if people didnt try to twist things around in order to discredit the point. Sorry Karen i got you mixed up with what Chad said.

Originally posted by Chad Ballard:

Care to comment on the recent Hostess example? I believe there is a place for voluntary unions in the private sector and no need for public unions but the tide has swung heavily in their favor.

Even though I plan to stick around and learn about the real estate business i dont need to know alot to know builders are offering people a bunch of ******** for housing. All these negative reactions can only point to a guilty conscience as far as im concerned. The truth hurts and is never well received.

The schools thing was an honest question aside from getting a dig at developers practices. Around here ive always been told for what a developer takes up they have to donate to build a new school. After 4 large neighborhoods came up they built a new school in the immediate area. I dont see whats so hard to understand about that? In no way am i trying to complain about my local area, the things I say are examples to try to get the point across.

The white collar blue collar subject got spun off from this post.

Originally posted by Brian Hoyt:
Originally posted by Ryan Watson:
The Union Carpenters statement was just to reference my sources are qualified

The avearge union carpenter has no idea what developing is all about. The also don't know how strong a jointed stud is compared to a non jointed stud in a vertical position. Just like an average mechanic is not qualified to tell Toyota execs how to run there company. That carpenter might be able cope the most beautiful joints you ever saw and still not be able to balance a check book. You know what they say, we all have opinions just like we all have em, err, you know.

Forget trying to work as a developer. Go out and build just one single house for resale and then report back to us on where your values and your money should intersect.

My point being from my previous post, the guy in the lowest position on the totem pole ususally has the most clean cut and simple answers and is more in touch with reality than somebody who only runs the buisness end of things reguardless if they can write their own name or not. What looks good on paper isnt necessarily good for real life.

Post: Debate of Subdivision Morals

Ryan WatsonPosted
  • New to Real Estate
  • Indianapolis, IN
  • Posts 170
  • Votes 23
Originally posted by Brian Hoyt:
Originally posted by Ryan Watson:
The Union Carpenters statement was just to reference my sources are qualified

The avearge union carpenter has no idea what developing is all about. The also don't know how strong a jointed stud is compared to a non jointed stud in a vertical position. Just like an average mechanic is not qualified to tell Toyota execs how to run there company. That carpenter might be able cope the most beautiful joints you ever saw and still not be able to balance a check book. You know what they say, we all have opinions just like we all have em, err, you know.

Forget trying to work as a developer. Go out and build just one single house for resale and then report back to us on where your values and your money should intersect.

In your example, an average mechanic is alot more qualified to speak about how executives do things more than you think. after all, when their crap shows it doesnt work out in real life like it did on paper they are the ones fixing it.

executives and management are all on their own planet. out of touch with reality. things would run more smoothly if the field monkey had some say in the upper end of things because they know from experience, not from sitting in a fancy office park reading market data.

Just like the carpenters or any other building tradesman. If you had the slightest clue how bad they make fun of white collar boys that roll up on the job in their BMW's you would feel about an inch tall. A field workers version of common sense and an investors/developers version of common sense isnt even on the same planet. When a developers mad at the contractor on performance, and they've had ****** weather and cant reach compaction with mud, it goes to show just how out of touch with reality most people are. P.S. I dont want to be a developer, especially if I have to do things like everybody else. I'm going to reinvent the wheel.

Karen Margrave The hostess example is an easy one. You cant keep giving outragous raises to people that make products that still cost 99 cents. especially in a time period when healthy food and exercise lablel the twinky as "Taboo". Skilled trades on the other hand deserve every penny they make, in all honesty its not even fair to compare a construction trade union to a food related union. One works alot harder than the other, including risking their life to make the project happen, and make roads fool proof for idiot drivers that couldnt pour piss out of a boot with the directions on the heal. They just pass that cost on in the next project bid.