All Forum Posts by: James McCard

I will agree and say its best to use different accounts, however... If you are just starting out and good about doing your books I don't see a big issue in doing it in a personal account. I currently do it that way but as I scale will want to do things differently. 

I would echo what @David Morizio said and also expand to Granby, Burlington and New Hartford. The problem is that in the valley area there is a limited amount of multifamily units. So you would probably be paying all the money for one. That being said I live in New Hartford and while I do not fall in line with some of the local politics I love where I live and love my house. 

I do think there are plenty of single family houses in the area. While I am not sure now is a great time to flip, to each there own. 

I would not look at WeHa as I believe that market is just insane for anything beyond appreciation (which is not always promised). If you are up to it I am happy to give you a tour of the area that I know well. I have lived in the area my entire life. Just send me a PM! 

I will second @Filipe Pereira recommendation for Ben Shehu - while I have never used his services I would not hesitate to in the future. 

I would love to hear more about this. If you care to share. Shoot me a PM or feel free to respond here. Whatever you prefer. I agree that often times there is better way, although I also feel like I have made it this far in my life always buying things right so why mess with what works. 

Thanks, 

Jimmi McCard

As a perpetual low ball offer type of person you have to realize something. In todays market you are not going to get a lowball offer accepted with an MLS deal unless you are the only offer, or can close quickly and in all cash etc. So I would recommend going outside of the MLS - if you have no competition on offers you are more likely to get offers accepted.

The other thing is this. If you support the offer with evidence you'll have better luck. I have made offers with agents and said it is a standing offer, or been told no and a few days later have the seller come back with a lower number. If you know you numbers and are forceful in doing so you won't have any issues. 

This is basically a go between on a the last property I purchased: 

Agent: Nobody is buying this house wholesale

Me: Would it be okay if I reach out in a month to see if the seller has changed there mind when it is still for sale?

A few days later... 

Agent: Would you be able to close quickly if I could get you in at 25k? 

Me: No it would have to be 24k... 

A few minutes later... offer accepted. 

This specific instance I was being a pain in the *** just to be a pain in the ***. I almost never accept the first counter offer someone makes me. To me it seems that there is more meat on the bone. 

I legitimately enjoy negotiating and honestly if someone thinks I am an ******* they probably are not wrong... Do I care if I potentially piss off a stranger with a low ball offer? Not really. That being said I also do immediately identify myself as a bottom of the barrel guy when someone asks me do you have an interest in XXX property.  

See that seems to be something to perhaps go after. That is just me though. 

I like Moodus but it is super far from my job. In a few years we probably could of put something together. There is an *** for every seat though. 

Paul I think I may know you are you a regular customer of a garage in Canton CT?

If it is zoned commercial you may make more renting it out to a repair shop or body shop. That's up to you though. 

I think we would need a bit more information on how much is owed on each property vs what they are worth and in general some more details. Let us know and I would be happy to discuss further.