We apologize, but the forums are closed for new posts.
Click Here To Join The Unemployables Facebook Group
1-888-683-3052
1-888-683-3052
Click Here To Join The Unemployables Facebook Group
Search REIClub Website
Website Navigation
Site Navigation
[+]
[-]
Investor Information
Home
REIClub Newsletter
Real Estate Articles
Real Estate Videos
Real Estate Success Stories
Real Estate Blog
Free Investing Books, Audios
Investing Glossary
Investing Abbreviations
[+]
[-]
Real Estate Products
No Risk Guarantee
Best Sellers
All Investing Products
Real Estate Courses
REIClub Coaching
Real Estate Audios
Real Estate Books
[+]
[-]
Investor Resources
Hard Money Lenders
Real Estate Investor Tools
Search Foreclosures
Handyman Services
Property Managers
Real Estate Agents
Real Estate Investing Clubs
Cashflow 101 Clubs
State Foreclosure Laws
Tax Appraisal Districts
State Property Codes
Proof of Funds Letter
[+]
[-]
Discussion Forums
General Real Estate Investing
Bird Dogs, Wholesaling
Financing, Hard Money
Rehabbing, Landlording
Foreclosures, Short Sales
Networking Forum
Random Ramblings
[+]
[-]
Site Information
About Us
Advertise on REIClub
Contact REIClub
Link to REIClub
REIClub Facebook
REIClub Twitter
REIClub YouTube
REIClub ITunes
REIClub Pinterest
REIClub Instagram
REIClub Testimonials
In The News
Welcome,
Guest
. Please
login
or
register
.
May 16, 2022, 12:03:21 am
Welcome,
Guest
. Please
login
or
register
.
May 16, 2022, 12:03:21 am
Real Estate Investing Forums
|
Miscellaneous
|
Random Ramblings
(Moderators:
$Cash$
,
Mdhaas
) |
Ronald Reagan on Socialized Medicine....
« previous
next »
Print
Pages:
1
...
10
11
[
12
]
Tweet
Author
Topic: Ronald Reagan on Socialized Medicine.... (Read 72339 times)
fdjake
Member
Posts: 1900
Re: Ronald Reagan on Socialized Medicine....
«
Reply #165 on:
August 31, 2009, 05:16:45 pm »
I guess that SEARCH BUTTON on Positive's computer only works when it DOESN'T MAKE HIM LOOK LIKE a complete IDIOT!!!
Positive's post #665 on August 28, 2008.
Just before closing on the MONEY PIT!!
"Realtor suggested just flipping it WITHOUT REPAIRS to a buy-and-hold investor."
GEE......I wonder WHY??
"EXPECTED REPAIRS.....$9000!!!!
Hey....Nice job on that ESTIMATE Pro Rehabber!!! He ended up spending $6500 weeks later just to repair the STRUCTURE. That left him with only $2500....But hey...This was JUST the FIRST estimate.....AS we are now seeing this movie has SEQUELS!!!
But the REALLY SCARY PART????? He INSISTS this job will be completed for $37K INCLUDING HOLDING COSTS!!!!
Just to recap......
Paid $8000
Spent $6500 to rebuild structure that was literally falling in
HIS
holding cost estimates for 6 months were $2500 (so next MONTH when he celebrates his ONE YEAR anniversary at Casa DINERO PIT) that will have swelled to $5000.....again using HIS numbers..
He spent $2000 replumbing the entire house (rough in)
$1000 on the HEAT PUMP
$2200 on new electric
He also re ROOFED the entire home but NEVER once mentioed the cost for that....I'll give him a LIGHT estimate of $1000 on that.....
For a GRAND TOTAL SO FAR OF ALMOST...................$26,000!!!!!!!
So much for $9000
BUT REMEMBER...........HE'S ONLY HALF FINISHED......THIS HOUSE IS STILL GUTTED!!!!!!
He STILL (after over 11 MONTHS on this job) has NO DRYWALL, NO KITCHEN, NO WINDOWS, NO INTERIOR or EXTERIOR DOORS, NO FLOORING, NO ELECTRIC FIXTURES, NO PLUMBING FIXTURES, NO SIDING, NO PAINT, and none of the other DOZENS of things it takes to FINISH a HOME.
It gets BETTER!!!!
"EXPECTED SELLING PRICE"..........$65,000
REMEMBER......These estimates are when he had NOTHING TO HIDE.
Hey PRO REHABBER......YOUR REALTOR WAS RIGHT!!!!!
Stick with the $6000 kitchen remodels and leave the REAL ESTATE INVESTING to the people who KNOW WHAT THEY'RE DOING..........Because you sure as HELL don't!!!!
It looks like this post takes a LOT of CREDIBILITY out of those
NEW ESTIMATES
he'll be posting soon!!!!
I'm DONE......I made my points....Positive can believe what ever he wants to about me and my experience....It's completely MEANINGLESS TO ME!!!.....But in the end I DON'T wish him any ill will...I think, as others have already said here....I could teach this guy a TON!!! He's not stupid...and he SURE as HELL doesn't give up.....Those personality traits could be honed into a very formidable investor!!!
I'll leave him with this and he can respond....but I WON'T.......
You can't LEARN something when YOU are the one doing all the TALKING!!!!
Remember that while you're here....It could have HUGE benefits for you and your family!
«
Last Edit: August 31, 2009, 07:37:43 pm by fdjake
»
Logged
sellnbama
Member
Posts: 620
Re: Ronald Reagan on Socialized Medicine....
«
Reply #166 on:
August 31, 2009, 06:45:55 pm »
Thanks for good luck hopes FD & Pos,
I just went with the basic edge,I seen the valencia edge and loved it.Prob gonna use it next house.I made an offer today on a total gut(burnout) house.Should be an adventure,I've never done a burnt house before.Just could'nt turn this one away it's 2ksqft bought 2yrs ago @$170k. I'm pretty confident I got it for $24k.Now this may take a few months but I need a winter project to have ready for spring.
Logged
fdjake
Member
Posts: 1900
Re: Ronald Reagan on Socialized Medicine....
«
Reply #167 on:
August 31, 2009, 07:08:31 pm »
Bama,
I've done 2 burned homes......Made great money on both....
For what you paid.....YOU GOT THE HOUSE FOR FREE!!!!
It sounds like the LAND is worth more than you have into it!!!!!
NICE SCORE!!!!!
You'll be surprised by these......If the wall board is still intact in a few rooms, the electric there should be PERFECT....
Tear out JUST WHAT YOU HAVE TO......It's really not much different than doing a home that is rotted or is termite infested.....You just remove the affected areas and leave the rest alone. Don't bother ripping out perfectly good rafters or studs just because they are black from the smoke.....They're FINE.
Good luck with it!!
Logged
sellnbama
Member
Posts: 620
Re: Ronald Reagan on Socialized Medicine....
«
Reply #168 on:
August 31, 2009, 07:46:55 pm »
Fd,
Thanks I thought the same thing about the price,that the lot is worth it.Actually,the outside is fine,needs all new windows and roof.But,only about 10-15 rafters are black and totally burned the decking in about a 8ft sq space above kitchen.I can see where it would scare off most so called investors.I hope it comes through,always up for a challenge.Figuring out the solution is how we make money,right?
Logged
PositiveOutlook
Guest
Re: Ronald Reagan on Socialized Medicine....
«
Reply #169 on:
August 31, 2009, 08:13:23 pm »
BS ALERT! BE ALERT!
YOU ARE BEING LIED TO
AGAIN
BY FDJAKE! DETAILS BELOW...
Yes,
Another CLASSIC example of FDjake's deceit... Mind you, he is trying to decieve all of you... he KNOWS I know this isn't the property I bought,... So now he has extended his deceipt to you personally, giving you no respect... So, yes, EVERYBODY do indeed look at Post #665... and then look at post #663 where it showed I did NOT get that house as they reinstated the the loan to the person I was buying it from...
As it states in that post... -
"House is a 3/2, just under 1000sf on an acre"
... Fdjake has been constantly MISTATING my investment house is 800 sf, when it is 875-900sf, and the house I bought was 2/1 on a 1/2 acre... so it is quite obvious his intentions... as usual... deceit...
MORE
numbers Mr. 20 years rehabbing experience can't reconcile...
For clarification for everyone, the house I actually bought is in post number 661 with totally different details... to make it easy for everyone... here's the first paragraph with the details...
"Just bought a property for $8K cash, ARV = $65-$75K; Tax value = $55K, property is in poor shape and will need $25K in repairs (foundation support for sagging floor, siding, roof, kitchen cabinets and tops, flooring thoughout - carpet and linoleum, minimal landscaping, 15 windows, new front and back door, interior trim and paint). I own a remodeling company and with the exception of the foundation work, we will be doing the repairs ourselves."
So now, Fdjake not only can't keep his
OWN NUMERS
straight, he is purposely
DECEIVING
all the investors on here by posting numbers from a deal
I NEVER BOUGHT
to the one I did....
how DESPARATE!
I mean, this is the
THIRD
time, in this thread ALONE, that he has tried to apply stats from a house I DIDN'T buy to one I did...
What do say about a guy like this???
Way to go Fdjake... Now you've gone from lying to me to lying to all your fellow investors... nice way to show your lack of respect to them...
FREE THE HUD-1....
what are you AFRAID of Fdjake???....
"I guess that SEARCH BUTTON on Positive's computer only works when it DOESN'T MAKE HIM LOOK LIKE a complete IDIOT!!!"
Worked like a charm as usual... Like I told you Fdjake, the search bar is YOUR enemy, and you've proved it ONCE AGAIN...
«
Last Edit: August 31, 2009, 09:11:00 pm by PositiveOutlook
»
Logged
PositiveOutlook
Guest
Re: Ronald Reagan on Socialized Medicine....
«
Reply #170 on:
August 31, 2009, 08:25:59 pm »
Seillnbama,
Take a screwdriver, and push against the part of the wood that is not charred and then against the charred section... If it is similar in firmness to the uncharred section, and is just blackened from smoke, you're fine... if it gives and the head of your screwdriver disappears into the wood, consider replacing it...
Good luck...
Logged
sellnbama
Member
Posts: 620
Re: Ronald Reagan on Socialized Medicine....
«
Reply #171 on:
August 31, 2009, 08:45:29 pm »
Pos,
Thanks,I do that all the time with houses on piers to check for rot and/or termites.
Logged
fdjake
Member
Posts: 1900
Re: Ronald Reagan on Socialized Medicine....
«
Reply #172 on:
August 31, 2009, 09:04:05 pm »
Hey BAMA...
Positive could have SAVED himself $6500 on "Casa Dinero Pit" if he did whay you DO!!!!
:
Logged
sellnbama
Member
Posts: 620
Re: Ronald Reagan on Socialized Medicine....
«
Reply #173 on:
September 01, 2009, 11:39:10 am »
I've had a couple of houses I named that.I got a good foundation guy now,but a few years ago I was bit by a shady one. Then I just crawled under there and fixed it right.I just gotta call on my burnt offer,there are 5other offers and it's a give your best offer deal.Man,I hate bidding wars.
Logged
hammertime
Member
Posts: 134
Re: Ronald Reagan on Socialized Medicine....
«
Reply #174 on:
September 03, 2009, 07:11:46 pm »
Wow, that disagreement sure ended rather abruptly!?
Logged
Bluemoon06
Member
Posts: 3212
Re: Ronald Reagan on Socialized Medicine....
«
Reply #175 on:
September 08, 2009, 01:47:27 pm »
About time!!!
Logged
Real estate to Retire you
http://sphinxwealth.com/
Print
Pages:
1
...
10
11
[
12
]
Tweet
« previous
next »
Real Estate Investing Forums
|
Miscellaneous
|
Random Ramblings
(Moderators:
$Cash$
,
Mdhaas
) |
Ronald Reagan on Socialized Medicine....
1 Hour
1 Day
1 Week
1 Month
Forever
SMF 2.0.15
|
SMF © 2017
,
Simple Machines
Loading...