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All Forum Posts by: Steve Babiak

Steve Babiak has started 70 posts and replied 12704 times.

You will probably need to learn: "NEXT!"

Post: Lease to own calculator

Steve BabiakPosted
  • Real Estate Investor
  • Audubon, PA
  • Posts 13,450
  • Votes 8,349

Upload to a service such as google docs, and then place the link to each doc here; although you are new to the site and below the 10 post min to use the URL feature, the text of the link would probably be allowed since you aren't selling something.

Post: Here are my thoughts on the BP Site!!

Steve BabiakPosted
  • Real Estate Investor
  • Audubon, PA
  • Posts 13,450
  • Votes 8,349

I just tried to give Josh a vote, but my vote button is broken for now. I know it will be working again at some point ...

That said, the one thing I would add to Josh's post is to give the site managers reports of anything that is malfunctioning on the site. They can't fix what they don't know about; think of BP as "landlord" and users as "tenants", and those of you who have complained about tenants not reporting problems should be able to understand this (like the roof leak that turns into a collapsed ceiling).

Josh might be a bit overwhelmed if that really happens, but if it leads to improvements ...

Post: Brand New! From the Philadelphia Area.

Steve BabiakPosted
  • Real Estate Investor
  • Audubon, PA
  • Posts 13,450
  • Votes 8,349

Regarding sheriff sales in the S.E. PA area, I happen to know the "local REIA expert" on this topic, and he will be presenting at the REIA meeting in October of 2009.

Dennis has accurate info on the payment terms; it does vary by county in PA.

And there is much more to doing sheriff sales successfully then a zillow and drive-by.

kiduno99, I have guest passes to the REIA, so I did a colleague request to you; accept it and PM me and I will send a guest pass via US postal mail to you.

Post: Another search site

Steve BabiakPosted
  • Real Estate Investor
  • Audubon, PA
  • Posts 13,450
  • Votes 8,349

The link for that site gets asking price, estimates rents, and gives a projected cashflow (I saw negative numbers on some I just checked, so it's not just rose-colored stuff); here's a clickable link:
http://www.finestexpert.com/

Of course, like all of the automated valuations, you better know the area comps to be sure the values given are accurate. Ditto for rents.

I just saw some rents that blew me away. Where the rent for 3 bed 1 ba was higher than for 3 bed 2 bath - I know in that area where I searched that the 2 bath should be more.

Post: Really need help (eviction issue)

Steve BabiakPosted
  • Real Estate Investor
  • Audubon, PA
  • Posts 13,450
  • Votes 8,349

Since the year on the original post was 2005, I'm betting this tenant has already been evicted, or this landlord is no longer landlording...

Post: Here are my thoughts on the BP Site!!

Steve BabiakPosted
  • Real Estate Investor
  • Audubon, PA
  • Posts 13,450
  • Votes 8,349
Originally posted by Rich Weese:
...
Most have no ulterior motives.
...


And those that do will almost without a doubt be flagged by somebody and challenged to provide substance, or reported for abuse and then moderators intervene to clean up the post.

And don't worry so much bout Josh's feelings - he's had to become one of those thicker skinned types.

Post: Clarification on using a realtor

Steve BabiakPosted
  • Real Estate Investor
  • Audubon, PA
  • Posts 13,450
  • Votes 8,349

If the seller has engaged the services of a realtor to list a property for sale on the MLS, then you certainly can have your own realtor send you those listings, arrange for the access to the building via the lockbox, and then you have your realtor present your offers to the seller's realtor.

Try it. I do just that.

And the seller's listing agreement will have the commission in it; your realtor gets paid at closing from that commission. You don't pay the realtor directly.

Post: secret to retirement- Part 3

Steve BabiakPosted
  • Real Estate Investor
  • Audubon, PA
  • Posts 13,450
  • Votes 8,349
Originally posted by Rich Weese:
Thanks Steve. Did you get a package today??? Rich

Had it going to my mailbox service, and I stopped there today (rents) to check. No package yet. I'll be on the lookout for it over the next few days now that I know it's en route.

Post: Carbon Monoxide monitors mandatory in NY state

Steve BabiakPosted
  • Real Estate Investor
  • Audubon, PA
  • Posts 13,450
  • Votes 8,349

Can this thread title be corrected from "dioxide" to "monoxide"?