All Forum Posts by: Robert McAleer

@Mike M.

I hired a contractor to do my house. He just started and then disappeared to build grow houses in Cali. Did the house myself with having a to busy commercial guy giving me some direction and Q/C checks.

Said I had a better job than pro work and got everything the way I wanted it with new additional runs and everything to new code. Did not destroy the walls but was creative. 4 story house had $15k estimates leaving me to fix the sheet rock walls. I got 100% new mast, box, meter box, all wiring for $3k again everything electrical 100% new.

That was a great deal.had I done this house again... Well I'd have ripped the walls out done insulation, hvac upgrades, wiring, windows in one shot and saved the time because that's time is money in opportunities waiting.

Any update on what happened with this deal?

Im looking to structure an offer on a elderly neighbors house that desires to live in it after and I'll be able to fix up and make an apartment to rent from the 2 car garage for my value add. 

@Justin Wotring

Whay to go. You got the ball rolling. Sounds like time to value add to it somehow so you can get your cash back rolling on the next deal.

Congratulations.

@Paul Sandhu

The pens and kids. That's awesome. The premeditated planning. And effort of learning Morse code. Those kids will get somewhere. Hopefully for good.

@Tim Herman

Thank you. Will that 50% then continue for the rest of the loan or only up to the refi time? Do you see a deal ironing out in this?

Made that change but really changed the numbers and it takes the 50% over the entire 30 years. Maybe I'll find a way to do just the 6 month period or do the math to get a combined rate for the total period of the 30 year loan and try again. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hello and thank you for your time looking this over. I think I may be way off on this. First house run through the Calc and I am totally learning. I know this needs pictures, inside walk through to really get anywhere. I dont have access to inside and just wanted to rough this in to see how bad or good this deal might be before diving in deeper. 

This house looks straight and solid with several additions but exterior it looks good (design) needs full exterior paint and finish and noticed extreme little physical repair. main house 2600' garage and adu 500' and additional 250' storage building.

neighbors have been in the house and kept it secure from homeless and drugs. they say it is not torn out but the old lady never updated anything. (old widow house past away) this may be a nob and tube house in my area that is not grounded. our neighborhood age and my guess on this house I would plan a remodel that allowed me new plumbing and electrical. (my house ran me $15,000 for this) Roofs are 3 tab I estimate 25% life left maybe 8-10 years if maintained. house needs a couple windows. 

Yard- full over grown but clean out black berries and restore lawn. (basic)

Thanks for being willing to show me my faults in this. Tax value is correct but pretty much most of the figures are really free hand based on all that Brandon Turner post cast education. ( Tarl Yarber ?)

Respectfully:

Robert McAleer.

@Grant Fosheim

Burien is a great area to commute almost anywhere from Seattle to Bellevue and all points south. Our area is lower cost housing lots of older homes to fix up or new construction. It's only a matter of time until our area is forced higher in value as housing gets tighter and the homes get newer.

40 years here and things are on the rise.

Lived here for 40 year