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All Forum Posts by: Jimmy S.

Jimmy S. has started 95 posts and replied 234 times.

Post: How soon to advertise for future vacancy

Jimmy S.Posted
  • Investor
  • lehigh valley, PA
  • Posts 236
  • Votes 22

Its always tough. Try to shoot for 30 days in advance and hopefully can find a tenant by the time the current tenant moves out. Its always hard showing the property when its not vacant. Current tenant can make the property look like crap or might not want other people walking through .

Post: Section 8 and utilities

Jimmy S.Posted
  • Investor
  • lehigh valley, PA
  • Posts 236
  • Votes 22

I would not pay for anything that is not a fixed rate every month. There's no way to protect yourself from them over using and just not caring since there not paying for it. 1 month you get the electric bill for $100 and next $350.

Post: Bank Listings says "as is"

Jimmy S.Posted
  • Investor
  • lehigh valley, PA
  • Posts 236
  • Votes 22
Originally posted by @James Wise:
When you buy a house retail from mr & mrs smith for say 100k. You get your inspection & find 5k worth of needed repairs. You negotiate with mr & mrs smith and they agree to fix 3k worth of the problems. You accept then you buy the house.

With an "as-is" sale the bank is saying here is the house. here is the price take it or leave it.

ok, but techinally if you are buying a house from mr & mrs smith they do not have to fix anything correct?

Post: Bank Listings says "as is"

Jimmy S.Posted
  • Investor
  • lehigh valley, PA
  • Posts 236
  • Votes 22

Isn't every house sold "as is"? Even if you buy a 1 million house the seller does not have to fix anything. Im always confused when a listing says selling "as is". You can still do a inspection or not? Seller/Bank just wont fix anything at comes up in the inspection, correct?