All Forum Posts by: Robert Goldman

 Hi, I am reading your post, I am confused as to what the 130,000 gallons has to do with the cast Iron waste line

A few things to consider, how many times a year does this happen?, are there are trees with roots growing into the sewer main? How much are the plumbers charging to clear the line per occurrence? 

First and foremost you can change anything you want to BEFORE you sign with any prospective tenant, simply make a presentation to the prospective tenants regarding your position with regards to the issue that you are new at this and learned that you under priced the rental and are giving them notice of such and are repricing the rental.

Kholer 4.25" knap, lets max water flow in 2 seconds, result it never gets clogged, my favorite, they a re around $100 at the Home Depot 

My number one best all time creative financing of a property that I ever did was for a purchase of a empty lot two blocks from the ocean in Long Branch, I was reading the local auction list in my city when I noticed a property that at auction two weeks before that opened at a starting bid of $25,000 did not receive one bid, I went to the auction thinking I was going to pick it up for $10,000, I get to the auction at City hall and when the bidding started for this particular property I waited to see who was bidding, a man started it and I waited until nobody bid to start my bidding, well this man really wanted this property and so did I, when we were at $50,000 I started to try and knock him out by bidding in $1,000 increments instead of $100 increments, every time I bid he bid a $100.00 more, this went on until my winning bid of $66,700 and it was now mine, now if you don't know much about city auctions you do not walk around with that kind of money, a 10% deposit is what this auction required and they give (I forget the exact amount of time maybe 30 to 45 days to pay in full) now comes the creative financing part, I take my high credit card limit at the time of $72,000 (I saved all the 0 % introductory rate checks if paid to another credit card balance transfer and pay off another credit card that had a small balance of $1,000 and overpay the bill by $68,000, the overpaid credit card company sends me a over-payment refund check for $68,000 (that is 0% for six months being that it was a balance transfer offer of 0% for six months) I pay in full for the property within the time allowed by the city, (this was in 2003) I refinance another property that I increased it's value with the creative equity work I put in and got a favorable appraisal that allowed me to park the debt into a 30 year mortgage, the empty lot sold in June of 2006 for asking price of $229,000 with a profit of almost $150,000 after commissions, property taxes and maintenance/lawn cutting. The address of the property is 188 Chelsea Avenue, Long Branch NJ 07740.

My number one best all time creative financing of a property that I ever did was for a purchase of a empty lot two blocks from the ocean in Long Branch, I was reading the local auction list in my city when I noticed a property that at auction two weeks before that opened at a starting bid of $25,000 did not receive one bid, I went to the auction thinking I was going to pick it up for $10,000, I get to the auction at City hall and when the bidding started for this particular property I waited to see who was bidding, a man started it and I waited until nobody bid to start my bidding, well this man really wanted this property and so did I, when we were at $50,000 I started to try and knock him out by bidding in $1,000 increments instead of $100 increments, every time I bid he bid a $100.00 more, this went on until my winning bid of $66,700 and it was now mine, now if you don't know much about city auctions you do not walk around with that kind of money, a 10% deposit is what this auction required and they give (I forget the exact amount of time maybe 30 to 45 days to pay in full) now comes the creative financing part, I take my high credit card limit at the time of $72,000 (I saved all the 0 % introductory rate checks if paid to another credit card balance transfer and pay off another credit card that had a small balance of $1,000 and overpay the bill by $68,000, the overpaid credit card company sends me a over-payment refund check for $68,000 (that is 0% for six months being that it was a balance transfer offer of 0% for six months) I pay in full for the property within the time allowed by the city, (this was in 2003) I refinance another property that I increased it's value with the creative equity work I put in and got a favorable appraisal that allowed me to park the debt into a 30 year mortgage, the empty lot sold in June of 2006 for asking price of $229,000 with a profit of almost $150,000 after commissions, property taxes and maintenance/lawn cutting. The address of the property is 188 Chelsea Avenue, Long Branch NJ 07740.

 Factzzzzzzz

Hi, yeah, thanks for the vote of confidence, I would have painted it hot pink with yellow polka dots but I time was of the essence and I went with the closest color that would go over the beige color of the house before I painted it, soooo the whole cost effective aspect thing was on my mind ;) however I did raise the  rent from the $600 to $800 which gave me an extra $2,400 dollars a year which paid for the new toilet ($70.00) and then some, I add a $50 yearly increase to my Sect 8 rental leases, this way the case worker who one must contact in order to implement an increase can reference the agreement and approve the $50.00 a month fee, in my experience the case workers don't like to give any rent increases if they are not in the original lease, a definite way to avoid a long drawn out battle of climbing the chain of command who really couldn't care less if you are the best landlord (not a slum lord) and discourage anyone who asks for an increase by forgotten return phone calls to outright indignant behavior, lies and so forth, Happy trails Brother