All Forum Posts by: Robert Jon Vermeer

To: Anyone with experience with deck refinishing

Which one will last the longest in San Antonio, TX. Or one I missed that you recommend. I plan on flipping as many boards as I can to recycle and replace what I have too. I have watched Youtube videoes and looked at product information and they all seem OK. I know that everyone has an opinion and I know that prep is most important. But is there anyone who has maybe tried different brands and kinds who can shed some light on the subject? 

Lowes Cabot

Home Depot Deck Over by Behr

Kilz Over Armor Smooth or Textured

Rust Oleum 20x

Sherwin Williams

Thanks ahead of time!!!!

My first house purchase was an old duplex with a three stall garage. I rented the upstairs to a friend, lived in the downstairs and rented an empty room to an acquaintance, used one of the garage stalls and rented the other two. I basically lived there free with the exception of paying my telephone bill.  My second house was a single family and I rented out the basement to a friend while he built a house himself. It is a great way to start out if you do not mind sharing your house. 

If we agree on a price, I will get a copy of the last statement of the Reverse Mortgage and find out if it truly is a reverse mortgage. They think 71k is low so I have asked them what they think is a fair offer. Should know tomorrow. 

I am not sure if Elise's comment is correct. She would need to elaborate. The sellers asked for a payoff and said it was 61k. I went and looked at the property and offered them 71k just two days ago with no answer yet. It is a low offer, but the property is in a known rough area of town making a resale more difficult to get top dollar of 160k ARV, so 140k or 150k is more likely. The single mom is deceased, no will, with 4 children who are all in agreement to sell. Oh, beware of pit bulls even with they seem playful. I got a slight bite when I went to look at the house. Hazards of the trade.

Thanks Elise!

Brent, thanks.  I have done some research on the net and I am asking the Heirs to find the last statement and ask for an extension. After reading your post I am also going to ask for a payoff. 

Ok, I have a possible flip but do not know how to evaluate what to offer to pay for the house? What is the payoff on the reverse mortgage taken in 2014 in the amount of $112,500.00. The present ARV of the house is 140k and the tax value is 130k. How does this work?

Can I ask for compensation if the seller wants to get out of the contract? Say 5k if the seller turns around and sells to someone else in the next year? Or should I sit tight and see how it works out?

I have been working on and off with the seller for 6 months. The house is over run by pets and needs a full interior update, new roof, new deck, need water filter(well water), and landscaping. She signed the contract on a Friday and on the next Tuesday wanted to "opt out" of the contract because she just found out she was Disabled. A week later she changed her mind because she found a property to buy that she liked. That did not work out so she is now maybe wanting to "opt out" again. I have put days of work into helping her understand the process, answering question, going through her emotional roller coaster ride, etc. FYI- I gave her three months to close. We signed on December 11th, but close on or before March 6th giving her plenty of time to find a property to move into. She will net 170k from the sale of her house.

Can I ask for compensation if the seller wants to get out of the contract? Say 5k if the seller turns around and sells to someone else in the next year? Or should I sit tight and see how it works out?

I have been working on and off with the seller for 6 months. The house is over run by pets and needs a full interior update, new roof, new deck, need water filter(well water), and landscaping. She signed the contract on a Friday and on the next Tuesday wanted to "opt out" of the contract because she just found out she was Disabled. A week later she changed her mind because she found a property to buy that she liked. That did not work out so she is now maybe wanting to "opt out" again. I have put days of work into helping her understand the process, answering question, going through her emotional roller coaster ride, etc. FYI- I gave her three months to close. We signed on December 11th, but close on or before March 6th giving her plenty of time to find a property to move into. She will net 170k from the sale of her house. 

Hello Joe, another good area is in zip code 78237, but only north of culebra around St Mary's university.