I wanted to give you something right away to chew on though!

@David WolfWhen we purchase an old building like this we just start chewing away at updating it bit by bit: this summer we had half of a 120 yr old duplex vacant for two months, so we gutted it back to the studs, put 3" of closed cell insulation, EnergyStar windows and doors; moved a few walls around and refinished the floors.

Thanks everyone, you've given me some really good ideas to chew on.

However, I currently focus on value add commercial multifamily, not full-scale fix-and-flips (which is what this property seems like it may be), so don't want to bite off more than I can chew.

I think the natural progression is that as I learned more about the collateral and the things that borrowers were capable of doing in order to avoid repayment, I became more savvy as a capital guy and continue to improve my craft.Many try to get into HML before they understand title, valuation and legal aspects of the collateral and get chewed up and spit out.

On the topic of black walnut trees we are considering removal of some younger trees not because of just the nuts falling on guest parking but more because the darn squirrels love them and chew the soffits to make nests and store them.

OMG I got chewed out.

Puppies chew stuff up and pee on things, and their personalities are still fluid.

hi alli like a bit of banter and thats what boards are for and in aussie we are all for a bit of disagreement thats waht makes us a bit different we can get in and don't mind the odd fightbut with real estate I find that you have three typesone you like and they will submit your offer ( and 80% is way up on my dial I am at 30 to 50% so you are a bit high for me)the next is the one that work for the vendor ths one you have to sit and have coffee and negotiate a deal( this one I like as this is horse trading at is best)and then theres the forget it they will offer nothingso what do you dosimple set the first one after the dealsit down with the second over a coffee.and tell both what you want and set them both to go and get ityou don't have dog and chew the bone yourselfyou want a deal send people to go and get it its thats simpleand if the number one and the number two you don't think can do the deal and my number ones and two canthe find a new number one and twoI send people after deals in the same office never mind the same state and anyone that tells me that the buyer is not in command in any market is sorry you are buying in the wrong market.a person that want to buy a car, a boat, a ship, or a house is a buyerand if you are a seller you want that personprice is a very different thing as price is an amount that a buyer and a seller is willing to acceptand for me thats not just money thats a value or a commodity but thats a very different question or postis your offer low or not acceptable simple answeris the vendor going to accept itif yes no its not to lowif no yes it was to lowits thats simple and a real estate is just a conduit to a dealand if a real estaate has problem with that well they are the same as waiter has a problem with a bad client thats come with the job.one thing I tell my real estates and a few need to understand from what I have already read is that investors don't buy one property they buy a fewso if you like investors you make more commissionsif you don't you miss out on commissionsand what pays your wages or your income commissions my real estaet and I think the ones there will want to not only open doors and give key but open at 12pm if we need to or we will find some one that will.oh and here my real estate have picked up at 6am and work till 12 pm to do our deals and I expect that from themso 80% is that unrealsticis 50% and up til 12pm to do the deal unrealisticnot sureand yes if the real estate does not find the deal I want I find a real estate that willreal estate need to get an income but they also have to work to get that income and the best way for them to do that is with business and investorsbut that just my .002 and Im here in sydney so just looking at your neck of the woods

Thanks John, I will have to chew on the definitions a bit more to get them logged into the coconut.