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All Forum Posts by: Jason S.

Jason S. has started 11 posts and replied 399 times.

Post: My first flip - 99% complete - link to pictures

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

Looks Great. Congrats.

Post: Integrity...does it exist with Landlords?

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

Just put everything in writing. There is never any way to know who you are dealing with - landlord or renter.

There is no such thing as "good people" in Real Estate - I have had to learn that the hard way.

Young, old, anyone.

I had a 70 year old guy and his wife lie to me, let me spend money on due diligience, several thousand, and then try to weasel out of the deal.

I have had peers lie to me in front of their parents and family - right in front of family.

I could give you a ton of stories - the reality is that there is no more shame in this world.

Be Firm, Fair, Friendly in all dealings and do it all in writing.

Post: rehab costs creeping up

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233
Originally posted by Brian Hoyt:

Jason S. The HVAC is dirt cheap at 3K considering its a total install (no existing components or duct work). I do save some money by installing the 220 line to the outside compressor and the gas line to the furnace (already done). The only cheaper option is window units all around and that's still about 1500 to get them in each room with heat. But than I heard window units have short lifespans and are more expensive to operate. My philosophy (hope)is that I can raise rents easier if the tenant isn't paying an arm and a leg for utilities. It could be cheaper in other regions, but this is in Fort Worth and I doubt it.

I think everything you are doing is great and impressive - especially as a side job. I was only chiming in because I thought you could save on the A/C. I just had a 2.5ton AC put in, with permits (I pulled) so it is the new energy rated etc, with ducts etc, the whole nine yards, $1500. Maybe yours is bigger, maybe you house is bigger, there are many factors, maybe your is top of roof and mine is inside attic, I have no idea - just a number to compare. Not saying you can get the same deal because I have a long term relationship with this guy, but you may be able to shave $500+ off - but then again I do no know your system. Maybe yours is huge and my small system you could get for $1,000. Who knows.

Originally posted by Brian Hoyt:
Bryan A. I know that putting 3 prong receptacles won't create a ground. But, If the plugs are not three prong, then the tenants will be plugging three prong adapters and such and creating more hazard in my thoughts. The ground wire connects to the same bar in the breaker box as does the neutral, so the system is still grounded. The third prong is like a dummy hole. The new plugs and switches I see as part of an inexpensive way to get things just a little more "right" during the painting process for not too much money. Mainly I don't like the idea of miscellaneous adapters the tenant might pick up at the dollar store. But I believe you that the tenants wouldn't really notice. I may reconsider by the time I get around to it and just put another coat of paint over those bad boys!

I am not certain on this - maybe you are, and I will admit to not being an electrician. But I think that there is a reason for 3 prongs over the 2 prongs and I think you are exposing yourself to a lot of liability by doing this.

Really, I would rethink this and either do it right or not at all. Way, way too much liability - at least that is my gut feeling. You are taking the time to do this great project and you are doing a great job at it - I would rethink this or at least verify it.

Post: rehab costs creeping up

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

seems like you can save some money shopping for a diff HVAC, I assume, possibly wrongly, this is a smaller home?

the electric at $1,000 - what are you doing exactly? the switches are extra? There may or may not be some savings in that part too.

as for the stackables - you are moving gas and electric and buying new units?

Post: New Concrete patio problems - any feedback?

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

I cannot resist this, and of course it is highly inappropriate given your saga, and yes, maybe it is even too soon..... but this is the internet and people tend to say inappropriate things before they are entertaining... but, here it goes:

So what are you thoughts on Angie's list now?

Of course I am not an Angie's list advocate because their system can be gamed - but still.... I wonder.

Have the guy cover it with brick - I had a bad pour one time and the guy fixed it with brick over the top - it looked great.

Post: MONICA MAIN Wealthy Heirss SCAM??????

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

This thread is a case study in why there is an influence system on this board. Looks like it is working.

Josh - when updating the algorithm be certain to ensure all of the above would have been properly scored.

Post: NORRIS GROUP REO BOOT CAMP

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

Menotring made easy.

If you have the money, or are capable of borrowing etc, you pick someone on this forum, you use your money (financing whatever), and you do the deal with them. Start to finish. And split the profits. There are probably dozens of people on this forum willing to do that with others.

When they know you are serious about having your neck on the line (money) and your time on the line (following mentor directions) they will show you. For very no, on this forum I am certain you would get 3 that would say yes.

Post: Newbie landlords are ruining rental prices

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

You would think that lower prices by some will be quickly rented and then market demand will bring prices back to where they should be.

If there is too much supply, rentals available, then prices will go down, is it possible you are experiencing a change in your market due to an increase in supply? Time will tell.

Post: Angie's List: Have You Used it to find a Contractor? Thoughts?

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

I think I will start a second company, charge much more per job, get listed on Angie's List and then rake in the dough from customer's willing to pay extra. It's easy to satisfy when you are being paid much more for the job than you would have originally charged. Anything the customer wants that's a little extra - just do it.

Apparently Angie's list is like the BBB, giving false security to the Buyer and undeserved credibility to the Business.

And yes, it is easy to game Angie's List, even with their checks and balances.

With that said I am certain that there are many reputable businesses listed.

1. Reviews are unpaid.
2. Reviews at the top are from paid member's.
3. Contractors at the top of the list can buy their way to the top, though they cannot buy their rating unless they game #1 or #2 above.

Post: Cost to add Central AC/heat

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

I am going to have to start paying my A/C guy extra.

There's some savings to be had in those numbers for you guys.