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Home Buying & Real Estate Thread - Page 112

post #3331 of 3378
the ferrari coming with the house?
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post #3332 of 3378
Awesome reno work fellas.
post #3333 of 3378
Quote:
Originally Posted by BeezyGotSole View Post

@VaGixxer
 you all killed it pimp.gif  . That type of appreciation is exactly why Richmond/vcu area has always been of interest.
I will be reaching out to you man . Wish you more success !

Thanks homie. Ended up selling 17k over list.

Quote:
Originally Posted by turbospartan View Post


Man, that place is ******* sick.  Nice job. 

Thanks fam.
Quote:
Originally Posted by xwestbullyx View Post

Awesome reno work fellas.

Thanks.

Quote:
Originally Posted by theocentric View Post

VA Gixxer. I admire you patients, 3 years is a good amount of time to sit on that property.

I bought specifically in this neighborhood about 4 million worth of real estate 3-4 years ago with the intention of holding onto all of it. In the meantime, I've bought/Sold numerous properties so keep the money coming in while we waited it out. Also own a Class A construction company. The investment def turned out to being the best play I've made so far.
post #3334 of 3378
Quote:
Originally Posted by mynameaintG View Post

the ferrari coming with the house?

If the price is right...then yes.
post #3335 of 3378
Quote:
Originally Posted by ekREV98 View Post

Took us a while to finish because the backyard was just trashed and that alone took 3-4 weeks to completely demo.

looks terrific. mind sharing the #'s? also what did the backyard look like before?
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post #3336 of 3378
Quote:
Originally Posted by Stork View Post

looks terrific. mind sharing the #'s? also what did the backyard look like before?

Bought for $650k. Rehab was originally $60k budget but we went over because we had to put a new roof on the house, small misc. items needed replacing, and discovered a sewer pipe was corroded/leaking so we had to fix that as well and the rehab came out to a little under $80k. I wanted to do more to the backyard like adding a pergola, BBQ built in, and a fire pit but we were already way out of budget so I wasn't able to do it.

I wish I took pics of the backyard but it was a mess...the pool was drained, there was a dead possum chillin in the pool lol, garbage everywhere from on the ground to inside the pool, big trees and vines growing out of control, old school satellite dish where the bushes/trees surrounding it engulfed the dish because it was never trimmed, there was pergola that was rotted out, the fence was leaning and needed to be replaced....the whole backyard was a mess to a point where you couldn't see the cement on the ground. It was really bad but I knew the potential the backyard had because of the backyard views and it's the only house on the street where the backyard is leveled unlike the other homes where there's like 2-4 levels where it dimishes the size of the backyard.

I'm just happy we are finally done and putting it on the market this Wednesday for $839k. So far we've had great feedback from an open house we did on Sunday and I'm doing an open this Saturday. Hoping to sell this one quick because I've got 1 project that's going to close escrow in 7 days and ready to be remodeled and I should be buying another project by the end of the month/early April. So far this year has been great and busy.
post #3337 of 3378
Quote:
Originally Posted by ekREV98 View Post

Bought for $650k

That's pretty good, 77% of ARV. Is your deal flow still MLS or are you getting deals off market/another way?

Was your first deal(s) w/ your partner hard money or bank or private?

I'm building list of dilapidated/vacant properties, so far have about 20, plan on using hard money if it comes to fruition.
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post #3338 of 3378
Quote:
Originally Posted by Stork View Post

That's pretty good, 77% of ARV. Is your deal flow still MLS or are you getting deals off market/another way?

Was your first deal(s) w/ your partner hard money or bank or private?

I'm building list of dilapidated/vacant properties, so far have about 20, plan on using hard money if it comes to fruition.

The last 4 deals have been off market referrals. The next 2 projects I'm purchasing are off market as well. I still check the MLS listings to see if there's anything good and the last offer I made on property was $515k listed for $525k and it ended selling for $550k. This house had really bad foundation issues and outdated. My main concern was the foundation because I've dealt with projects with foundation issues and it can be an easy fix or can wreck your rehab budget so I was cautious with the offer. MLS deals are still good but the competition is ridiculous and they have been going for way over list price. eyes.gif

When I first started, it was ALL MLS deals. 2 years into it I've met a lot of people who now just email or text me any off market deals. I get about 2-3 a day and just cherry pick the deals that pencils out right for my company.

My partner and I use private funding and our own money first and foremost because we don't have to pay interest/points. We've also done hard money and it just depends on the situation, project, time frame, and how much money we want to spend.

Hard money is good but you just gotta make sure your ducks are all in a row. I worked with an investor who was using hard money and he had no idea what he was doing and he had to back out of a deal which was very lucrative and I ended buying the property because we had the funds to do so.
post #3339 of 3378
Is there anything you can put on top of a white vinyl fence to make it taller ? I bought a hoop and my ball already went over twice. I hate annoying people.
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post #3340 of 3378
Quote:
Originally Posted by Dam itz Lou View Post

Is there anything you can put on top of a white vinyl fence to make it taller ? I bought a hoop and my ball already went over twice. I hate annoying people.

 

Try fixing your shot.... 

 

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post #3341 of 3378
Quote:
Originally Posted by Dam itz Lou View Post

Is there anything you can put on top of a white vinyl fence to make it taller ? I bought a hoop and my ball already went over twice. I hate annoying people.

Just a thought what about a net that you put up when you play.

That way you can take it down and it isnt an eye sore to the neighbors. Just roll it up and store it till the next time


Portable version of this

post #3342 of 3378
Kinda relevant to the topic, but anyone else hate yard work as much as me? laugh.gif I don't get how people enjoy this **** roll.gif.
post #3343 of 3378
I was going to mow the lawn today but my dawn riding lawnmower won't start and IDK why and somehow my edger doesn't have any line in it. Just said **** it. Going to call a dude who I know will do it for $40 while I try to figure out my tools. And keeping the landscaping part in front of my house nice is never happening.
post #3344 of 3378
Quote:
Originally Posted by jrp44 View Post

Kinda relevant to the topic, but anyone else hate yard work as much as me? laugh.gif I don't get how people enjoy this **** roll.gif.

Ive hated it since I was a kid.

Its so worth it to pay people to do the tasks you dont want to
post #3345 of 3378
Do any of you guys wholesale?
post #3346 of 3378
Quote:
Originally Posted by jrp44 View Post

Kinda relevant to the topic, but anyone else hate yard work as much as me? laugh.gif I don't get how people enjoy this **** roll.gif.

 

Hell yea, it ******* sucks. 

 

I have this ******* tree in my backyard that drops these seed pods like that look like burgundy bananas.  Cleaned it up last year and filled up 14 of those 30-gallon paper lawn bags.  Figured that the previous owners never did it, and that was why there were so many. 

 

Just did it again a couple weeks ago, and filled up 7 or 8 more bags.  Wtf.  Then raked / did the front yard, and filled up like 6 more bags. 

 

I'm tired today. My hamstrings are sore from all this lawn work :lol


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Looking for Yeezy v2 Beluga or Breds - Size 9

 

- ^^ will trade green or white stripe v2 towards either ^^

 

Anyone want my DS sz9 Night Cargos or sz9 Oreo UBs?  

 

WTT my Space Jam sz9.5 for...

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post #3347 of 3378
Quote:
Originally Posted by D StaXX View Post

Do any of you guys wholesale?


i have...i am able to wholesale some of our deals but lately, we've just been taking them on as projects because of the potential profit.

post #3348 of 3378
i have a small side yard I have to take care of. I'm already dreading it. I wonder how much it would cost to have someone do it.

I just cleaned the sewer line for the first time. sick.gif
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post #3349 of 3378
You have it done for cheap depending on the city you live in.
post #3350 of 3378
Does anyone in here own property in the Tempe, AZ area?
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post #3351 of 3378
made an offer in feb and officially closed this past tuesday smokin.gif

surreal feeling right now got my own crib before 30.
post #3352 of 3378
Quote:
Originally Posted by krazyblunts View Post

made an offer in feb and officially closed this past tuesday smokin.gif

surreal feeling right now got my own crib before 30.

Where at?
For Trade/Sale:
DS Triple Black Yeezy 750 Size 11
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DS Black OG NMD Size 11.5 (2017)
DS Black OG NMD Size 12 (2017)
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DS Black OG NMD Size 11.5 (2017)
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post #3353 of 3378
Quote:
Originally Posted by bluntobject50 View Post

Quote:
Originally Posted by krazyblunts View Post

made an offer in feb and officially closed this past tuesday smokin.gif

surreal feeling right now got my own crib before 30.

Where at?

valley stream NY no more city income tax laugh.gif
post #3354 of 3378
Quote:
Originally Posted by krazyblunts View Post

valley stream NY no more city income tax laugh.gif

It's just a wash though. What you don't pay in city income taxes, you'll pay in property taxes. I've been looking into Valley Stream and Lynbrook to move to in a year or two. I just bought a crib in Lindenwood, Queens but I'm going to LI to do a lot of my shopping to avoid going to Gateway Mall. How are you liking it so far ?
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post #3355 of 3378

Anyone here ever appealed their property tax assessment?

 

I just got mine yesterday, and trying to figure out it if is worth it to appeal, or if they are any negatives to doing so. 


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Looking for Yeezy v2 Beluga or Breds - Size 9

 

- ^^ will trade green or white stripe v2 towards either ^^

 

Anyone want my DS sz9 Night Cargos or sz9 Oreo UBs?  

 

WTT my Space Jam sz9.5 for...

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post #3356 of 3378
Quote:
Originally Posted by turbospartan View Post
 

Anyone here ever appealed their property tax assessment?

 

I just got mine yesterday, and trying to figure out it if is worth it to appeal, or if they are any negatives to doing so. 

 

I suppose a downside could be: if your property hasn't had an assessment conducted in a couple of years and the home values in your area have gone up dramatically since then, you might actually get an assessment that's higher than what you have now.

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post #3357 of 3378
Quote:
Originally Posted by Still Itachi View Post
 

 

I suppose a downside could be: if your property hasn't had an assessment conducted in a couple of years and the home values in your area have gone up dramatically since then, you might actually get an assessment that's higher than what you have now.

 

Well the assessment went up $106k between May 2014 and May 2016.   


But what they listed for May 2016 assessment, is probably what I could see for THIS May (2017) and not what it would've sold for last May.  Not sure if that is how it works or not, but I'm wondering if I should appeal and provide proof of what homes sold for May 2016 (probably $15-20k less than what they assessed)?

 

Property taxes are pretty low here in Denver area, so what they assessed it at ($315k) and what I could try to appeal for ($290k?) would only save me about $200 per year. 


Looking for Yeezy v2 Beluga or Breds - Size 9

 

- ^^ will trade green or white stripe v2 towards either ^^

 

Anyone want my DS sz9 Night Cargos or sz9 Oreo UBs?  

 

WTT my Space Jam sz9.5 for...

Reply


Looking for Yeezy v2 Beluga or Breds - Size 9

 

- ^^ will trade green or white stripe v2 towards either ^^

 

Anyone want my DS sz9 Night Cargos or sz9 Oreo UBs?  

 

WTT my Space Jam sz9.5 for...

Reply
post #3358 of 3378
I can see why people avoid doing 203k Loans, getting all the different necessary parties to be on the same page at the same time is tough. Not just that but the bank asks for damn near everything from the contractors before approving anything. Going on almost 3 months now and hopefully next week the bank finalizes everything and gives us a closing date.

On a side note, anyone has anywhere (website or store front) they recommend to check out in order to get better ideas for tiles/countertops/etc. Aside from Home Depots and Lowes.
post #3359 of 3378
Houzz
post #3360 of 3378

Anybody know if buying a new construction home is worth it vs. older houses?

 

In Maryland, Ryan Homes is one of the more popular builders for new construction but they don't have a good reviews on the internet.

 

I'm also looking at Keystone Custom Homes and they look real good in person but their reviews online are very concerning.

 

Older houses like late-80s - 90s seem to stand the test of time.

Can someone give me advice?

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