All Forum Posts by: Greg Rose

https://thehill.com/regulation...

“I don’t know if a total takeover is best but we definitely need federal laws that protect people’s right to housing. Limits on tenant screening, source of income and financial profile protections, eviction record sealing, mandated mediation and payment plans for people who fell behind and making eviction literally the last possible option except in cases where the renter is putting the lives of others in danger”

Who builds the houses? Who finances the houses? You think people have a right to other people’s hard work? You have the right to life, liberty and the pursuit of happiness. You don’t have the right to a house. Let’s get real. 

I took on a second job to be able to buy my first property. Why would I not screen to the max to protect my investment? I will have spent thousands on premium products and the walls are legit lime plaster. I will only rent to those who I know will take care of the property because, well it’s an expensive renovation in terms of time and the sweat of my back. 

Thanks. It’s my first time laying brick and I’m using a mortar mix that almost no one uses and not a whole lot of resources. 

As for the rooftop deck: the picture above is the view from it once it’s on

Brick laying is no joke. Slaking quicklime to lime putty for mortar on site. Mixing in the sand and cement and using historic bricks to try to make it look original. Trying to keep the original character of the building in tack. 

I figure I’ll have 75k and 2.5 years into this property but the appraisal should come in around 550-650k. Would be a profit of about 350k if I sold. (Rooftop deck, garage, and 600 sq ft addition would be the reason for the major jump). Leaning toward a cash out refi and finding 3-4 minor fixer uppers year. I can do everything myself unless I’m not legally allowed to do (ie: electrical and air conditioning). Then I’ll rent it out in 4-5 years once property tax increases dramatically 

first picture is showing more of the mess. I noticed when I ripped out the furring strips, that the tapcon screws were relatively need. Would you agree there is no way the seller did not know of the severe water damage?

2nd picture is some brick I’ve replaced. Probably will spend 40 hours rebuilding this wall and chimney. 

I was represented by an agent and had multiple inspections (structural and typical home inspection). As for losing time, I consider standing up for freedoms and personal liberty time well spent. 

This property will be my house for a couple years and then rent. It’s in one of the best locations in my area. 

Yes the extent of bad water damage was covered by furred our drywall. I suspect whoever put that drywall up knew the brick was in bad shape

Rewind to 2019, I bought my first house which was a duplex. I kept the section 8 tenants on the first floor and was planning on occupying the second floor. I decided to start gutting my unit as it was beyond repair. No biggy. Well as I started gutting, it was clear the extent of water damage was never disclosed and obviously hidden. Eh what ever I can handle this. Then a couple months in, I get a call from the building inspector which kicked off a 9 month long battle to do my own electric for my unit wholeness leaving the tenants alone. Long story short, i lost that battle because of “legislative intent.” (Per the letter of the law, I was correct but I digress). As a result, I had to convert it back to a single family home as I could not do any MEP system work. Once I terminated section 8 and started demo on the first floor, I found the water damage to the interior brick extended all the way to the first floor. Both tenants and seller said water issues were stopped (what a lie)  

The picture above is my current project which is replacing a bunch of brick that were basically water damaged clay and simply would not hold the lime plaster (as a first time plasterer, it sucks especially with stuff they used in the late 1800s. Iime sand and horse hair).

So long story short, I bought a money pit that I had to gut to the studs and bricks and redo every aspect of the house. I should have dissembled it and reassembled it brick by brick. Luckily I can do about 95% of the work myself.