All Forum Posts by: Patrick Fraire

@Rahim Kakar

I hate the Hubzu buyer premium AND squatters find the properties listed on hubzu and break in sometimes and call it their new home. Definitely not a typical case but I have seen it twice (in so cal) in the last year.

No experience with court house steps but I think it’s gotta be better than hubzu at this point. Also I see a ton of properties go out to bid on hubzu. The auction ends...then two weeks later the same property is back to auction. Not sure why but doesn’t sound like these auctions end up in a sale typically.

@Mo Farraj

It can still be a deal if it’s sitting. The issue is probably that the asking price is too high. If you offer lower than asking and they accept it could then be a deal. But no one else saw it as a deal because they didn’t analyze the numbers below the asking price.

@Adam Scheetz

What area is this?

@Adam Scheetz

That’s pretty solid especially for something that will have conventional financing without a balloon payment.

@Mandi Martinez

When the contractor gives you a time estimate. It is usually best case scenario. If he says twelve weeks tell him you’ll give him 14 weeks but if he goes over that. He will pay Liquidated Damages of $100 per day. They always go over their estimate. It’s hard to stick to because they pick us more work during your job. Hopefully the fear of going over your timeline will make them postpone work until after your job.

For smaller jobs for example if they say 4 weeks. Tell them you’ll give them a $400 bonus do it within 5. Like I said they always go over. If you say you’ll give them a bonus if they do it in the time frame they gave you they will probably back track and say well you know 4-5 weeks. Just give them a little bit of time right off the bat and they will feel like the challenge you gave them is reasonable.

@Chris Hanisco

Wow this is a tough one. I have never heard of a situation like this. I understand why you’d feel bad. Those kids are probably excited. But I think you pointed out some red flags that can’t be ignored. I’d put on the business woman hat right away and give them notice. If they confront you just be honest and tell them you need to remodel and raise rents. Good luck!

@Meg K.

Those seem pretty reasonable IMO. Definitely not the friends and family price but I would say he is charging you a reasonable and standard amount.

Ohhhhh buddy. This is gettin spicy. I admit I got a little silly with the kidney statement but I was just doing what I was told (Aaron planted the kidney idea in my head so take that up with him). I thought it was funny he brought up the car stuff and I admit again I was a bit of a silly goose. I do that when people say silly things to me. I thought we weren’t being silly. Now regarding your statements about me personally. Also I own property which is conventionally financed in Riverside CA. My credit score is decent like 700somethin. And i graduated college a couple years ago.

I have a cash buyer for my kindney. I will be using that cash to pay off the $3600 I owe on my car. Thank you for telling me like it is. Most people would’ve let me continue down this destructive path of commenting on threads without having my car paid off. It wasn’t what I wanted to hear but it’s what I NEEDED to hear. 

This makes soooo much more sense now. I was wondering why he brought up the car lol!