All Forum Posts by: Jaimie Chen

@Jason Hsiao, @Charlie MacPherson  I got it. Thanks. 

I am working my first deal to help my client to get his home settle. It is a quick move-in property and will be ready in a month.

The sales person was really hard to talk to lower his price (or my communication skill needs more improvement), but he finally gave in and accepted our low offer orally. He mention he will give us response next day. I mentioned low, it is low, but not the lowest I can find on the MLS records under same condition.

As I said this is my first transaction, my mentor told me just wait and see. But I really want to know how long the wait is reasonable. I don't want to call back and check to give builder an impression that we have to have that house.  I just need to know if we should go ahead to move on or keep waiting.

PS. Property is in DFW area. Sales mention he is selling 6-7 house a month.

Thanks.

Jaimie Chen

We talked to insurance and that in big NO to our policy.  Tenant has to remove the structure or my insurance will be void. More talk to tenants as it is a mess between us and the manager.

Also sent the notice today and the manager will be gone in a week.

It is time for me to move forward. 

Thanks all the inputs. 

@Karen Margrave, love those pictures. My backyard is not even 1/4 acres. If the ramp won't break someone's arms or legs, those bikes definitely will break my fences. 

Thanks all the suggestion!! You are my lifesavers!!

I am about to meet my tenant later and lots of action will begin! Lots of first times, more excited than riding that bike, IMO. 

How should I tell him? I sneaked to his social media found out that was the reason he rent my house. He has 2 year contract, just pass 1 year mark.

About the liability, can his renter insurance able to cover that part?

I will make the story short.  I just found out today my manager agreed (on my behalf) my tenant (a year ago) to build a bmx ramp in back yard.  What should I do? Should I let him build or tear it? He already in the middle of project.  I talked to my tenant over the phone first time today and found out a lot of surprises.  No body like these kind of surprises. 

SFH is on DFW area, has 6ft wooden fence, no HOA.

1st, fire manager. take over the job and meet tenant. 

2nd, ?

Any suggestion?

I had my guy prep the yard (divert water AWAY from house) and installed the drip system just around the house. It was way cheaper than installed whole sprinkler system. 

I can't hold of anyone I wanted to talk today.  All of them are gone for Thanksgiving~  

So, Happy Thanksgiving! Wish you and your love ones have safe and joyful holidays. 

WOW, thanks all the inputs.  Lots of searching, reading and talking to experienced friends and trying to understand this whole new chapter is certainly not that as easy as it sound. Still puzzled, but getting a little bid clear now.

@Shawn Thom Congratulation on your 500th post! Keep working hard on BP. We sure need your great advises. 

@Kevin Martin, @James Bowie far as I know, only the foundation has been repaired. The damages on dry wall and ceilings are as is. Paper said this warranty is lifetime transferable. Not sure if ceiling cracks are before or after the foundation repair. I don't see brown spot on ceiling, so I know there is no leaking on the roof. Might have to visit the house one more time after Thankgiving as 3+ inch of rain coming this week. This is a bank own house. I can only find the answers and leads through some threads of hints here and there. Main component soil here is clay. In fact, most of DFW soil is clay too.

And you are right, it is slab on grade, but no, it is not a raised foundation.  Looks like house settling on the slab but not sure. I will hire engineer to get the sewer and plumbing test for the leak only after if they accepts my offer. Also call office to ask for engineer reports if they still open tomorrow.

Property is located in a clean, nice and young community, less than 10 years. Still have new houses building around it. I plan to fix and hold if the number works out. If not, lesson learned and walk away.

It is two story house. Most stresses are on the second floor.  I got the work order today. The whole house was tilted to one side. Numbers aren't too scary, max different value is around 1.1". But they install 28 piers all around the house, which is kind of weird.