All Forum Posts by: Greg P.

lol thanks all

Hello, we are working on a complete remodel, from new driveway, new landscaping, new roof, new siding and windows. There is the pretty large tree in front of the house which can be trimmed, but it is somewhat blocking the house. My thoughts are to cut it down so the new buyers would be able to see a clean house with new landscaping, siding etc without any blocking. I would think it has more "pop" to the new exterior items. On the other hand it could be trimmed and it would still be ok, but still be blocking somewhat. Any suggestions on to keep it or cut it down? I'm guessing it would cost around $800 to get rid of it. Also, I have a guy who is able to do a new driveway for the same cost for asphalt and cement. Which is better between the two? My goal is to have the house pop and make a good first impression.

Thanks all!

Thanks J!

That's true, and it is a big learning lesson. I am also his customer and I am not sure if I am represented as a dual agent (I'm guessing I am). Either way, in my opinion, I am his customer and he rushed me into signing (he literally did). IF he is a reasonable person, he should take care of this. He is a medium sized REO agent, but he rarely holds good deals (not sure if that matters), but if I was the agent, I would pay for the assessments myself because I knew I made the mistake. But that's me.

I'll just have to take it up with him.

Right, but I went to his office and while he was flipping through all of the pages very quickly mind you, he said, you've been through this process I'm sure you know how it goes, then proceeded to have me sign all of the paperwork.

He is a broker, and although I see the benefit of a relationship, he made the mistake and I should of caught onto it but it is so rare that buyer pays special assessments in my area for reos that I missed it. Doesn't he have a responsibility to explain the contracts to me and point out important factors of the contract?

Hello, I'm currently in escrow to buy a property through a REO agent I contacted directly. He was more than willing to help, and we signed the paperwork quickly. Well, come to find out, his assistant accidentally checked the buyer assumes special assessments box and I totally missed it because he and I were such in a rush to get the paperwork filled out. He didn't even explain anything to me because there were literally 100 initials I had to sign so we zipped through it. Well, it's 2 days before closing and the sellers title company is asking me to pay $4k more because there was a pending assessment on the property. I know I shouldn't have signed, but I assumed everything was fine because I've bought numerous reo's with no problems? He even admitted it was a mistake, but he's not sure what to do. Any suggestions?

Hi, lets say hypothetically, you have done well in the flipping and/or renting business and you have a few million saved up. I'm sure it gets to a point where your flipping/renting business won't be a efficient business in terms of reinvesting your cash back in. Anyone gotten to this point where lets say you have been flipping/renting houses and to the point where you are trying to find the next level to move up to?

Thank you.

Hello, currently I am living with my parents and brother in our house. The house I bought with my company name and I am looking to move out soon. Am I able to put my parents on a lease and then receive some sort of depreciation on our property? Any ideas or suggestions would be grateful.

Thanks