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31 August 2016 | 13 replies
Unless we note otherwise in the listing information or disclosures, we fix everything that is broken or not functioning properly, but we have had several recent requests that are expensive and I'm interested in your experience in handling things like:- this roof is old and we're worried that we may have to replace it (was inspected by roofer and determined to be functioning properly)- there are screens missing from some of the windows and we would like you to add them- we're concerned about the drainage and would like you to add gutters- the AC unit is old (age disclosed in disclosure docs, was tested by HVAC guy and running fine) So do you budget for this type of concession, do you "meet in the middle" or do something else?
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8 September 2016 | 20 replies
You also must consider your understanding of the intricacies of managing a property yourself and whether you have the skills to manage a manager.Do you know anything about property maintenance, are you at all experienced or handy with tools. do you understand the functions of the different buildings trades, do you know the costs associated with the trades.If you have not been hands on involved in managing your own property it is extremely difficult to manage a property manager.
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7 September 2016 | 7 replies
The room is NOT a functional bath room.
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6 September 2016 | 3 replies
I won't share it it (anti-trust concerns) but I'll be happy to make a proposal for anyone doing SFR in one of our cities nationwide.
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16 September 2016 | 50 replies
So, I had a combination of hands on construction knowledge and management functions.
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15 September 2016 | 4 replies
When sharing the forms - can someone also explain the importance or function of each.
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15 September 2016 | 2 replies
It is the fine details that are often different (eg, there is no such thing as a forclosure in Ontario, there is no "courthouse steps" auction, there is no "absentee owner list" and the rules regarding landlord/tenant are wildly anti-landlord here).
23 September 2016 | 40 replies
Real estate is a large, functioning market and if the property was worth more than the debt/encumbrances against it the owner would have sold it 99.9% of the time.
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12 December 2016 | 14 replies
To address the type of flooring material, first off, if you want a "luxury impression," stay away from the laminate fake wood.I would consult a local expert, but that said, I understand engineered products--with a substantial veneer thickness that's able to be sanded and refinished--are both functional and comparatively inexpensive to install over a grade-level slab.In terms of color, this is always subjective (and depends on what's going on with the kitchen finishes), but I would recommend a mid-tone finish for a flip.
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18 September 2016 | 3 replies
For example, let's say the property "can't" go Fannie because it isn't a complete & functional home, and let's suppose the reason for that is because the kitchen is not complete, and the reason the kitchen isn't complete is because it doesn't have an oven.Standard two choices that people think they have:Hard money, 2 points up front, 70% down, 3 points upfront, horrible rate.All cash.Third choice:With the seller's permission, throw a freaking $75 oven from craigslist in there the day before the appraiser shows up, and buy the SFH using Fannie financing at 85% LTV, no points.