All Forum Posts by: Kelly Sennholz

Quote from @John Carbone:

“Their line of questioning quickly pivoted to my daughter, where she goes to school, where i sleep”

this line of questioning for renting out your house to someone…sounds like nazi Germany when they went around to houses looking for Jewish people. 

First, this comment is very inappropriate. 

Secondly, in a democracy, we work things out. The law and the political environment are the mechanisms for doing this. Sometimes, we are on the losing side of an argument, that is how democracies work. Your comparing this to Nazi Germany is insulting and ill informed.

When corruption has played a part in how things go, that is wrong. We must support democracy full throatedly, in particular with all the openly anti-democracy folks floating around now. Buying a home is one of the most important financial decisions many can make to improve their lifelong wealth. We must support this, also, if we are to maintain the Horatio Algers America. That is a dream I believe in.

Quote from @Bjorn Ahlblad:

You could go to a place like home depot and ask them. They often have referrals. Ask at the service counter.

Thank you. I was hoping to hear of someone who has worked with a good artisan in this respect. 

Need brick/foundation work done on old home in Denver. Want an experienced, excellent person who does great work. Any ideas?

Agree, doing it myself is next option. Yes. And also, someone could live in one of the units while doing it, minimizing the carry. Yes. 

It has one building on it, with minor changes, 3 units. Plans for 3 more units in back. So will receive rents to offset costs during construction and with GOOD comp at 1.85M, again, this may sell for more?

Also, can split the lot and sell both buildings separately. 

Slightly bigger lot. For investors, more units, etc. Not a huge difference and both properties are very much alike. 

No, this price is inclusive of the build and purchase (obviously, could be off by some margin, as usual, but it's a guess). To be honest, they bought their property a LONG time ago, it required a lot more work but I think they are doing better than the $500K.

VERY recently. They divided the property, half sold, other half will soon. I also have plans done, GREAT architect in hand, soil testing done (may need to be redone due to time limit?), etc.

Further, mine should get slight MORE than they did for a variety of reasons. My question is: Is $500K profit not enough? It is WEIRD to me????

I have a property for sale, price and renovation costs are $1,375,000 and have a nearly identical property 10 doors down with a solid $1,850,000 after renovation sale (they did nearly same thing - I think my architectural plans will yield slightly more, maybe another $50-100K), Sloans lake w/ $3M homes abounding, no takers.

What gives? 

Thank you for responding, Bob. But I'm looking for estimates of the timeline.

Insurance rates are skyrocking in FL, not entirely because of this but a large part of the increases, per insurance industry, are both prior claims and future preparation. Obviously, the businessmen "believe" in science.

Recent articles indicate Mead will deadpool in 18 months (Per media: "A projection from the Bureau of Reclamation estimates that there is a 47 percent chance water levels could reach below 1,020 feet in 2023."). What are folks doing to prepare, or not? Also, spoke with a real estate guy in the deadpool area, he said, "When it happens, we will consider selling." Not sure he understands what it means. 

Just curious how people are inserting this information into their real estate portfolio???