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All Forum Posts by: Jay M.

Jay M. has started 4 posts and replied 164 times.

Originally posted by @Corey Melkonian:

Hi Doug,

     Welcome to BP, I'm a RE agent and my team does new construction and fix n flips. Call me when you get a chance, I'd be happy to help or guide you in the right direction. We all need to start sometime and I congratulate you for taking the first step. Thanks

 Hello Corey,  When you say your team does new construction do you mean the sales end of it for builders or are you actually building new homes yourself?  I'm not too far from you down on the southcoast.

Post: 2 family to 3 family conversion Haverhill ma

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

Also check if it is town sewer or private septic.  If it's septic you almost certainly will have to upgrade septic.  No light chore.

Post: RE meet up South Shore mass?

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159
Originally posted by @Charlie MacPherson:

@Chris Roche That was the Boston South REIA. I tried to build it to a meaningful level for over 2 years, but couldn't get the membership going.

These days we do the occasional beer summit here in Plymouth instead.

 Charlie, if you do another in Plymouth give me a shout.  I'm not too far and would attend.

Post: It's now a buyer's market.

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159
Originally posted by @Brian Ellis:
@Vinay H. Last year 2 br sIngle familIes were bringing In bidding wars. Now they cant even sell below market. Cambridge Is highly sought after area, especially for rentals, tough to use as a comparison. As far as the MF, It has slowed down a lIttle, but not as much as The SF. Price drops everywhere.

 Brian, I'm down the road from you a few exits (Fairhaven).  I'm seeing it cooling off around here.  One of my builders has seen a noticeable slowdown.  They've missed a few slots in the past couple of months building in the route 24 corridor.

Post: Structural Engineer Says I should Completely Replace. Thoughts??

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

Put a level in the middle of the gable end walls.  If they're close to being plumb then the trusses were installed that way.  If the gables are tilted the same direction as the common field trusses then the whole roof shifted.....

How did it go Michael?  Rancho Mirage to New Bedford?  You're not in Kansas anymore Toto......  I live in the next town from NB.  I also grew up in your neck of the woods in SB, CA...

Post: Landlord changed the contract after signed

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

Jim, you must be a hoot at the Dale Carnegie reunions?

Post: REO vs. uninformed buyers

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

  There is a realtor around here who specializes in bank owned properties.  In fact it looks like that's all he lists....  Anyway, you'd think he'd say to the bank on some of these...."you know you're asking about $100k too much for an investor / flipper and a homeowner isn't going to touch this".....They he probably lists it and say's to the banker, "okay, we'll talk next year when I haven't shown it"....

Post: Cost per sq ft to build a high end home in MA

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159
Originally posted by @Jeffrey Stasz:

If you're in Boston and the surrounding areas building high end homes you should be planning on 300/sqft.  If you're builder and hold your unlimited license then it could be closer to 250 but that is close to the bottom. Anyone pitching sub 200/sqft in this area is a little off base. Price out your Italian Marble showers and counter tops and your custom thermadore/wolf appliance package and this price point is going to seem a little more reasonable. 

 If they're anywhere close to $200 psf they are low.  I design for a builder who builds about 70 homes a year well outside of Boston and his cost to customer is over $150 psf and that is vinyl siding, PT deck, prefinished flooring etc.  Add wood siding, nicer windows, sand in place flooring etc. and of course nicer finishes / kitchen and $200 psf is in the rear view.  

I also design for a few Cape Cod builders and they are in the $250-$400 psf range.

Post: Structural Engineer Plans Liability

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

Sounds like they want their cake, your cake and everyone else's cake and will eat it too.  Never heard of such nonsense.