All Forum Posts by: Matthew Cole

This happened to me about a year ago. The bank basically forced me to release the contract.

Great job!

He sounds like a great family member.....

COC is too low for my taste. Also the house is over 100 years old. Has all the plumbing and electrical been updated? How does the foundation look? If everything else has been sitting on the market for a while why are you willing to give the seller over 90% of asking price?

Good luck. Jump in and get your feet wet. Doing is the best way to learn in my opinion. And of course, leverage this site.

Surrounding suburbs of Detroit offer great opportunities. In the city, well that's a different conversation and skill set that an out of state investor would have a hard time understanding.

My insurance policy on my rentals doesn't allow trampolines.... You might want to check yours.

Are they fixing the wall too? The quote seems very high. Figure $75/$100 per hour in labor and maybe $100 at most in parts of they switch over the stack to PVC. I assume it's cast iron now. I replaced a cast iron old stack and it took me an hour and about $75 in parts plus some dry wall and mud.

Give them a gift card or something. You really don't need to compensate them for this. It's part of the game.

Hmmm cash flow or speculation? I choose cash flow any day! Good luck