All Forum Posts by: Martin Zawarski

so do you believe them? Or are they just getting their numbers up so they get more fed listings. If it isn't this it's they want to be the agent representing you the buyer even though you have your own license.

Dude be serious -$100 make it a tad better , at least $1000 on properties above 50,000

There is always a bid that state. " Buyer will pay $55,000 for property or $1,000 higher than the highest offer, whichever is greater".

Sometimes I wonder if the sellers agent just doesn't do this to get a higher price for his property even with only dealing with one buyer. Think about that. How many of you have asked to see competing offers? After deal was signed?....

there is no quick way of doing this. Since you already have one heating unit in there is no need to install a "new furnace in each unit". You may have to install one additional unit , but that depends on how the system is set up. If it is a baseboard hit water system, are the units piped separately? If they are then it may be an easier fix. To tell you the truth I would leave it as is until you need to replace the system, but most boilers do last a very long time.

What is the advantage of two systems versus one.? That is twice as much maintenance if you would install two. Gas for two separate units does cost more than gas for one unit.

wow! Great job. And it is nice that you have a source for future deals. Build and learn from each transaction.

I am not sure I understand the question. Why does it matter. When the lease is signed I put the ownership name on the lease as well as my name with the appropriate disclosures. The tenant never cares if abc owns it or xyz. They just want to know the rental amount and where to pay it.

I like the home. I would buy that one too. Now go out and do it again and again. All the best to you.

@Sharad M. What is the square footage of the home? When I calculate job cost I mostly use square footage costs. For example this 2 bedroom ranch has 600 sf of hardwood flooring. I pay $2/sf to refinish hw flooring or $1200. Painting the same t home I assume has about 800 total sf so paint would be 800x2 which is $1600. I already blew the budget. I just bought paint for a home today. $360.

At times I wondered if I should have offered less on several properties I bought where they accepted the initial offer without a counter. I stay up at night wondering how much less I could have gone that would have made them still sign. But like is mentioned above @Ned Carey , I bought the properties at what made sense to me. And then again maybe someone may have bid higher.

since 1960 when new home starts were first tracked we have had 5 cycles with each cycle always being a parabolic curve. Each cycle lasted typically 8-11 years that is measuring from a top to top or bottom to bottom. The cycle we are in started in1991 and had a small dip in 2002 with the sitcom crash but had so much momentum that it still continued upward. We always bottomed at 1 million homes. THE BOTTOM. Well new construction fell to 500,000 homes and the effects are still being felt. Most builders died, some couldn't get their legs back under them.

Plus the length of this cycle is like no other. And it is not parabolic, starts just dropped , straight line down. I am getting back on my feet now in this business. Still can't make good money on new construction.

Say what?