All Forum Posts by: Patrick Reagan

Thank you,Jasssem!

Looking at a Cape Cod style home with an unfinished attic.What is the metric used to determine if there is enough room in the attic to convert to a bedroom or bedrooms without expanding the roof?Thanks

Thanks,Andrew.Sounds like it could be initially difficult to determine the extent of the contamination.

Solid advice,Nathan.Thanks

Hi Sydney.He does seem pretty motivated.That bad,huh?

Just got a call from a seller in New Jersey, who had a below ground oil tank removed but the soil is contaminated.What would be a rough estimate to clean up the contamination?

One problem I am having is not making enough offers on properties to rehab.I haven't clicked just yet with a broker, so getting around to see properties and being able to make lots of offers on them has hindered my growth.

I have considered getting my license but the timing isn't right.

Here's a partial solution and would like to get some feedback.I would like to start targeting houses I come across on the MLS that fit my criteria.Once I find the houses,send a letter directly to the owners with a cash offer low enough in my mind that should cover most if not all repairs,along with the expected holding costs and final numbers as they pertain to a good deal.The letter would emphasize a fast closing with the inspection as the only contingency.Obviously,I would do as much due diligence before hand on home styles I am most comfortable and familiar with.If the seller is interested in my low offer,he would have the real estate agent call me and set up a showing.Once I see the house with a contractor,at that point I can state we'll go into contract or pass.

I have tried to make offers before where the agent refused to make it for me.This way,I know the owner will see it.I will make many offers in this fashion and wont have to keep going through the frustrating process of waiting on an agent.

Thoughts to this approach?

When ever I get angry calls, I try to bite my tongue and not give it right back.I need a lot of improvement in this area.;)

David,thanks very much.Great information.Appreciate it!

Thanks so much for the input,guys.

I would insist on proper soil testing be done for sure, and it sounds like having the seller install an above ground tank may be the simplest way to resolve the issue once the UST is removed.