All Forum Posts by: Eric Schwake

@Chris Seveney Something is up with there website but they are still up and running.  I've already the team that they may want to check with their hosting company. 

As far as the service goes there was some initial problems with one of the notes but now all is good and I've received two payments from each of the notes I have. 

@Amit Shenoy do you happen to remember which golf course closed?   I'm trying to see if the home I was looking at is near there.  A quick Google search didn't help me find the closed golf course. 

@Phil Anderson thanks for the info.  I'm going to have an inspection contingency so if there is some major issues I'll be able to pull my offer. 

@Josh Caldwell thanks for the info on the grade.  Like I mentioned I've done due diligence as far as looking at crime stats and schools in the area and that all looks good.  Also did a six block radius 'drive' through in Google Earth.  Obviously thats not perfect but the homes all looked well kept and the stores and shipping options seemed good as well.  I will definitely have an inspection contingency on it just in case there are massive problems I'm not expecting.  

Hi all, already posted this to the Pittaburgh sub forum but figured I would post here as well. 

I'm an out of state investor looking at some properties on Roostock in the Verona area. I was just curious what the overage DOM is for properties in that area. One of the places I'm looking at is over 400 days. I've done as much due dillegence as possible on the property so far as looking at schools, crime stats, 'driving' the neighborhood in Google Earth etc. I've also reached out the realtor who hasn't responded. I did go to the tax assessment page which gave the house a D grade and condition of average. I wasn't quite sure what that means because I couldn't find any description of grading on the assesment page. Anyhow I'm just wondering if anyone here can give me thoughts on how long homes are taking to sell in the area and what the grading is all about. Both of those things make me feel a bit nervous about the property.

Hi all. I'm an out of state investor looking at some properties on Roostock in the Verona area.  I was just curious what the overage DOM is for properties in that area.  One of the places I'm looking at is over 400 days.  I've done as much due dillegence as possible on the property so far as looking at schools, crime stats, 'driving' the neighborhood in Google Earth etc. I've also reached out the realtor who hasn't responded. I did go to the tax assessment page which gave the house a D grade and condition of average. I wasn't quite sure what that means because I couldn't find any description of grading on the assesment page.  Anyhow I'm just wondering if anyone here can give me thoughts on how long homes are taking to sell in the area and what the grading is all about. Both of those things make me feel a bit nervous about the property.  

@Rhonda Wilson The property manager I'm looking to use gave me a pretty detailed report from Rent Range.  Have you ever heard of them?  As far as the offer the property sold in 2012 for $65k. Would it make sense to offer $60k.  I was thinking I could start at $68.  Roofstock will pay for a full inspection as soon as I place an offer.  If there are massive maintenance issues that cost much more to than the $7k Roofstock has estimated then I could back out of the deal. 

@Rhonda Wilson definitely planning on plenty of due diligence.  And seeing as this money is retirement money that I previously had 'safely' tucked into the stock market I'm even more careful about it.  One thing that makes me a little more comfortable is that's it's listed through Roofstock so they have done some initial due diligence becsause they don't want an awful property to tarnish what they are trying to do. I sent a message to the person I'm working with at Roofstock to see if he can let me know why DOM could be so high.  Because I'm remote I've already done a large 'tour' of the area in Google Earth and it looks like a good area.  Plus good schools are close and crime rates appear low.  Hoping it works out.  

@Rhonda Wilson it’s a buy and hold. 

@Dmitriy Fomichenko oh yea I’m aware of all those rules.