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All Forum Posts by: Account Closed

Account Closed has started 5 posts and replied 571 times.

Post: When's this bubble going to pop?

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

Correct me if i am wrong but didnt 50 years ago ALL home buyers had to put down like 20% and have jobs and pay their bills on time?

Post: Live and Die with fico

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

Bankruptcy isnt a ding, its a head on collision.

Post: What is taking everyone so freaking long???

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

most subs pretty much want the house all to themselves. Good luck with getting the electrician to work on one floor and the plumber the other. In reality, construction isn't a finely choreographed dance. Don't believe what you see on TV.

Post: Why investors should be their own general contractor

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

How much volume are you doing that you can guarantee full employment year round? Thats easy to do in July but hard to do in January. I have run big construction crews before and it is great when the work is plentiful but workflow isnt a steady stream. I did my own projects as well as did subcontracting gigs. Eventually, if you have a big crew, you find yourself working for them instead of them working for you. You end up taking jobs that you might otherwise pass on just to keep them busy. These jobs tend to end up being the pita jobs and the money losers. if subcontracting out the work is costing you that much then maybe you are using the wrong subs. If you are doing a high volune business and have a well organized job and pay promptly, subs will be eager to work for you and give you their best pricing. Even in a busy time, smart subs will give you great service and pricing because they know its about a long term relationship.

Post: Buying duplex and hail damage occurred durning closing

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

Refuse to close until the work is done to your satisfaction. Make the problem all their's.

Post: Why investors should be their own general contractor

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

Seems like the same should apply to being your own real estate agent.

Post: Home inspection concerns

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

i would be inclined to go with the evaluation of the contractor. Many home inspectors are merely handymen who took an online course and paid the money and took the test. They always defer to a licensed tradesmen if anything dosent look just right to them. This comes from either/or a lack of knowledge or shielding themself from liability.

Post: Tenant Refuses Fridge for Fear of Ghosts - What would you do?

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

Tell her that you actually saw the ghost and threw open the freezer compartment door and shooed the ghost in there and slammed the door shut. Next day you took out the frozen mist and donated it to the neighbors so they could make margaritas with it for their 4th celebration. 

Post: First deal..need help

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

Why is the IRS owed for a medicare lien? Wouldnt the IRS have to agree with the amount of the sale?

Post: Painter said he is getting a lien put on my flip...

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

The first thing is that he isnt going to get a lawyer because he probably cant afford one. If he can he probably wont pony up the money because he knows he will probably lose. Call his bluff.