All Forum Posts by: Tom C

The only other thing I can say, is to call you ward coucilman and explain your situtation and invite them over for a look. Explain how you have invested $$ into this abandon house and intended to keep doing it, also long as you can run your business.

I would tell him that if the city is not willing to work with you, then you are pulling up and going else where. With all of the falling down homes in that city, they should be bank rolling your rehabs.

Paul,

If you are closing in a month, this means that you submitted an offer and they accepted it. Did you have an inspection contingency in place?

If so, all you can do is have the agent go back to them with the inspection in hand and lower your offer price.

Quincy, North East Ohio. Trumbull County.

Paul,

If you can avoid putting down carpet do so. You would be surprised at how nice old hardwood floors look after a little scraping, washing and a good coat of wax. But of course, pulling those staples are a *****.

Gary.. This IMO is a no brainer. Leave the OO alone and refi the investment property into a fixed loan. We may never see these rates again.

Buy a $500 beater car or truck and leave it in the driveway and turn on a small tv. I will often park my work truck in the driveway when I am rehabbing and use my car to drive back and forth. and cover the windows.

I am willing to birddog anytime, as long as its in my area. Tell me what you are looking for and I'll find it.. or at least try.

When ever a question is asked about pulling permits, I always say that it was already done when I bought the place. All I do is come in clean and paint. Let them prove that the previous owner did not do those things before I bought the place. My town has permits just to replace a toilet, no one can conform to some of those requirements and stay in business.

I am surprise he passed you with missing smoke detectors. Our inspectors would not have. They would have failed me and then made me setup another appointment at a cost of $30 bucks.

My city has decided to go with an outside inspection company and now we have to get inspected once a year. I had one recent inspection that I failed, because I did not have a stair railing on the basement steps on the open side. Keep in mind, I have one on the left hand side of the wall, but requirements say that if one side of the stairs is open, you must have a railing on that side to prevent people from falling through the opening.

Now this place passed with flying colors 1 and 1/2 yrs ago by the health dept when I had to pull the dwelling permit, but this joker comes along and failed me for that.

On another inspection he noticed that there was wetness around one of the basement drains and almost failed me, because he said it had clogging issues.

I think he recognized that he was about to get stuffed in my trunk and taken for a ride, so he just told me to have it checked it out and passed me. You never know with these clowns what they are going to find.

All you can do is try to build a relationship with them, follow the rules and hope for the best.

Dan,

I also agree with you on this article. My tenants are my customers and they are treated as customers.

I don't think Mike will disagree with much of the article. I too am waiting to see his response, when gets back from camping.. :)

The Section 8 office in the market you are looking at should have a web site. On that web site there is a place where landlords can advertise places for rent. You can get the landlord information from their ads. Remember the home is not Section 8, it's the tenant. You can however learn all of the Section 8 requirements for the home, bring the home up to that level and then market it has Section 8 ready. Believe it or not, landlords who rent Section 8 will not pay anymore for a home then any other investor will.