Ronald Reagan on Socialized Medicine....

Random Ramblings
81

Fdjake,

When the project is completed, I will be happy to provide a DETAILED listing of all the expenses incurred… from materials to holding costs… EVERYTHING… including what it was listed for, what we sold it for, and DOM… along with before and after pics…

If you’re flumoxed by the pricing, you are forgetting that I get my materials wholesale, closeouts or less (items on Craigslist)… If you don’t know this already, Craigslist is your friend… just look under the "materials’ section under “For sale”, and you will be AMAZED at the BRAND NEW ITEMS you can buy for a FRACTION of the original price…

Want to get 2 x 4’s for $1.19 each? Be sure you contact Home Depot or Lowes contractor department (orders over $2500 at HD and over $3000 at Lowes get you SUBSTANTIAL discounts on your TOTAL order - don’t forget to give the same order to both, and get them to compete)…

Materials for both decks, doors (interior and exterior), windows (new - overstock), kitchen cabinets (I’m a cabinetmaker and can’t make them for what I am getting them for NEW), etc. ALL found on Craigslist…

I am making the countertop and it will be very inexpensive - one piece wrap install (no seams) with bevel edge…

FYI, I took a quick look at Long Islands Craiglist and there are some great deals on there… you should check it out… :biggrin

“EXTENSIVE Foundation repair including piers
Replace Floor joists
Replace Sub flooring
Replace rim joists”

All this was done for $6.5K, approximately half for materials…

“Apparently he had NEW PLUMBING INSTALLED TOO!! (he told us with all that new PEX he won’t worry about the pipes Freezing this winter!!) Keep on yappin’ buddy!!”

I used to live in the NE (NJ - NW), so I understand your pre-occupation with frozen pipes and furnaces… But I guess you can tell me what my local conditions are even though you don’t know where I live… :rolleyes I forgot, we are dealing with the all-knowing, Fdjake… :biglaugh :lol

$2000 to replumb the whole house and install ALL the fixtures, INCLUDING relocating the water heater, and ADDING a hook-up for dishwasher, washer/dryer. $1500 if I install the shower head, bath and kitchen sink and faucet and dishwasher - they do the rest).

“New Electric (MUST be updated to current code in a rehab this extensive, especially a GUT JOB)” - $2200 - All new including 200 amp service… and installing ALL the fixtures…

“NEW Front and Rear Exterior doors -” Cragslist

“New Interior trim -” We are installing painted MDF for PENNIEs/sf (it varied in pricing per profile) - Craigslist find…

“I wonder if this $8000 DIAMOND had a BRAND NEW Heating system in it when the floors were caving in??? (my guess is NO)…That expense is never mentioned. (Do NEW HOUSES use OLD furnaces???)”

LOL… 20 years rehabbing eh… Well, then what do make of the fact that with so many years rehabbing that as USUAL you guessed wrong AGAIN…

With your “20 years rehabbing” you didn’t KNOW that Furnaces aren’t located in CRAWLSPACES, that go from 12" - approximately 30" which you have been told on NUMEROUS times this house has… In addition, you’ve ALSO been told that we have heat pump/central air where we live… I paid $1000 to have the existing unit inspected/tested (worked and was only 7-10 years old) new ducting and floor vents installed, and then it will be complete with a programable thermostat.

So, with 20 years rehabbing experience, I’m curious what a 875-900sf house would cost to TOTALLY gut and rehab in your neck of the woods… after 20 years, you should ALREADY have a matrix for this for standardized pricing from suppliers, right?..

Yes, FDjake… keep talking… your VAST knowledge of rehabbing general knowledge and math skills, and apparent inability to MAXIMIZE your purchasing dollar are really mpressive… :rolleyes :bs :biglaugh :lol

82

Here’s where you screw up…You think I"M the BSer…

HOME DEPOT or LOWES…HOLY SMOKES…You really ARE a STROKER…GOD all mighty…I have a commercial account at a local lumber yard that CRUSHES the prices at HD or LOWES for similar materials…What a freakin JOKE!!!

Yea, I could buy the CRAP they sell for $1.19 there and WAIT hours for it to be delivered and have HALF the stuff I ordered NOT show up…OR… I could spend my day calling LOWES and HD and giving each HALF and ORDER ??? :banghead :banghead. INSTEAD I’ll just keep calling my PROFESSIONAL LUMBER YARD!!!..You might not know this but these places DON’T sell much to the public!! These guy’s have whatever I need DELIVERED to anywhere I need it, with ONE call, SAME DAY…The bill comes in the mail 5 days later and at SUBSTANTIAL SAVINGS over STROKER VILLE’s like Home Depot. I have my own sales rep (Rich) that is responsible for my account. He can handle an entire order for a job over the PHONE. If he says it’ll be there by 2pm…IT IS!!! I can just see you going into HOme Depot with your COUPONS :banghead :banghead

You’re so full of it it’s mind numbing…You get YOUR supplies WHOLESALE??? GENIUS…I’ve flipped 6 houses so far this YEAR, 8 last year, I own commercial properties and have been in this business for OVER 20 years…What do you think I PAY for materials??? Here’s a HINT…With your 700 credit score…I PAY A LOT LESS THAN YOU DO PAL!!!

A LOT LESS!!!

Back to the BS…

ALL the Windows on CRAIGSLIST…REALLY??? 15 of them??? ALL the sizes you need HUH??? Because if they AREN’T it’s MORE of YOUR TIME to INSTALL them!!! See I actually DO THIS…I’ve seen the stuff on craigslist, actually purchased items…15 replacement windows all the right SIZES AIN’T HAPPENING ON CRAIGSLIST…Not for the numbers YOU NEED.

So $6500 for that foundation repair…

So now you’re down to what??? $22,500 to finish it…But wait???

$2000 for plumbing…Now down to $20,500…But wait???

$2200 for electric…Now down to $18,300…But wait???

$1000 for furnace…Now down to $17,300

$700 for TAXES…Now down to $16,600

NOW let’s ADD IN the $2500 in HOLDING COSTS you mentioned for just 6 MONTHS in your original post…SO you’ve had it a YEAR in September so that’s $5000 in holding costs which brings us down to $11,600!!!

Are you starting to SEE why people here are ASKING you WHY it’s taking you so long to finish this project??? It’s because they KNOW how much holding costs EAT into PROFITS!!!

And ALL YOU HAVE Left to do is…

Roof the house…
Side the house…
Buy and INSTALL 15 new windows
Buy and install KITCHEN Cabinets, new counter tops with a new sink, and dishwasher
Buy and install all the flooring
Drywall the entire house!!!
Paint and prime the entire interior
Buy all the light fixtures, switches and outlets
Buy and install Cabinets for 2 bathrooms w fixtures
Pay your FUTURE (past the ONE YEAR mark) HOLDING costs
Pay Heating/electric/insurance costs for winter and maybe LONGER
Be sure and ADD IN the UNDISCLOSED Dumpster fees for a COMPLETE GUT JOB
Odds and end$$$$
Landscaping

OH YEA!!! All for $11,600!!! :bs :bs :bs :bs :b

And all on…C R A I G S L I S T !!!

Hey maybe you should start WRITING on CRAIGSLIST TOO!!! I hear there’s all kinds of INTERESTING people there who enjoy being BS’ed!!!

83

Fdjake,

Like I said, I will happy to do a full accounting when all is said an done…

Positiveoutlook - "So, with 20 years rehabbing experience, I’m curious what a 875-900sf house would cost to TOTALLY gut and rehab in your neck of the woods… after 20 years, you should ALREADY have a matrix for this for standardized pricing from suppliers, right?.. "

Yeah, didn’t expect you to do it… we’ll try a simpler one below…

“Heating costs for winter”

Uhmm… you still don’t get it… we have Heat pumps/central air here… I have a home that uses heat, central air (we keep it on 72 degress all year round) and electric for the whole house ALL YEAR LONG, for $213/month (budget plan - same payment every month, and last I checked, they owed US over $135)… and that house is about 3x the size of the investment property…

My TOTAL bill for this past 11 months (which INCLUDED the winter months) at the investment property, has been approximately $150-$200 (last months bill was under $20), as I DON’T HAVE TO HAVE THE HEAT ON WHEN I AM NOT THERE… Do you honestly think that I would RISK doing this if I had ANY concern of freezing pipes?..

So, I am trying to figure out if you are jealous or just thick-headed, that you can’t comprehend this… either one is not a good option… they both make you look foolish…

“$1000 for furnace”

You mean the existing unit (heat pump/central air unit) inspected/tested (worked and was only 7-10 years old) new ducting and floor vents installed, and then it will be complete with a programable thermostat…

You STILL calling it a furnace??? :biglaugh :lol

“Buy and INSTALL 15 new windows” & “Windows on CRAIGSLIST…REALLY??? 15 of them ALL the sizes you need HUH??? Because if they ARE’T it’s MORE TIME!!!”

We have closeout centers here, don’t you have them by you??? I came across this center on Craigslist… average cost - $75/ea… as far as INSTALLING goes, being that you capitalized it, who do you think is doing it?

“Buy and install all the flooring”

I can get ANYTIME I WANT laminate flooring for $.45/sf, carpet for $.65-$.85sf (including padding), and the install is only $99 for carpet… and linoleum at close-out prices…

I am starting to wonder where you get your materials???

“Buy and install and NEW KITCHEN, new counter tops with new sink, and dishwasher”

I’m curious… with your vast “20-years rehabbing” experience. how much do YOU think it will cost for a 10’ x10.5’ l-shaped kitchen (7’ x 10’) 30" pantry and Frig Cab on the opposing wall??? I know I could give you that number just by knowing the species of wood you want for the cabs, the type of countertop and brand name of the sink and faucet… I’ll even GIVE you a head-start…

Cabinets - Oak
Countertop - Laminate (oh, you may know it as Formica type product - their are MANY mfgs) with Kuehn or Gemloc bevel edge
Stove and dishwasher - Glasstop stove ($200), and dishwasher ($100) (either Frig or Stove required)
Signature Double Bowl 18-guage Stainless Steel sink - $185 retail (I pay $85)
Delta goose-neck faucet - $165 retail (I pay $72)
Linoleum for 10’ x 10.5’ area - $140

Let’s see how much “experience” you really have…

If you can’t provide pricing for a 10’ x 10.5’ kitchen with ALL the details above, I am wondering where the “experience” is??? This should be a slam-dunk easy exercise with all the info provided…

84

I know EXACTLY what that cost is…If you look at my past posts you’ll even find BEFORE and AFTER PICTURES of a kitchen that EXACT size I did LAST SUMMER…That post broke down the ENTIRE cost of that kitchen rehab…DOLLAR BY DOLLAR and even included a SUPPLIER I use on a REGULAR basis that NUMEROUS people here have since used and saved THOUSANDS with. EVERYTHING was included in that post…

You look like a bigger fool with every word you type.

DUMMY…You’re the one who LOVES to SEARCH…DIG IT UP LOSER!!!

So…if you NOW get all these things at such a REDUCED cost…

WHY the $3500 to $6000 cost in your intial post???

I find it funny that when the NUMBERS start looking bad for you all of a sudden DEALS are EVERYWHERE and the ARV on this dump is UP!!! And…You can now put in an entire house worth of flooring in for next to nothing…But a year ago a kitchen was $3500 to $6000???

And as far as your HEAT/ FURNACE…BULLSH*T BURNER or whatever esle you want to call it…IT’S $$$$$$$ genius…$1000 off the TOP…PLUS the monthly…and at THESE numbers…every CENT counts.

The bottom line is this…YOU ARE NOT getting this amount of work done on this house for what you TOLD people here you were…

That is a FACT…ANYONE with any rehab experience can see that now…

The best part???

Your BIG MOUTH and need to have the last word SCREWED YOU HERE!!!

EVERYONE SEE’S IT!!!

But keep on DIGGING!!! I LOVE THIS …You’re my new HOBBY!!!

85

Pos,

You are getting further and further out with your nonsense. What is that blather about EQUITY I HAVE STOLEN?

Hey, guy, I bought the properties I own fair and square. The sellers were happy to sell to me. I was the only buyer they had, in most cases. I’ve spent enormous amounts of time and money in order to bring those units up to furnished rentals. I didn’t go out and rip off some desperate Mom and Pop from their equity. Where do you come up with this stuff?

And somehow my making any profit with furnished rentals is the SAME AS INSURANCE COMPANIES MAKING A PROFIT FROM POOR FOLKS’ health insurance premiums? You have got to be kidding! You can’t compare the Insurance CEO’s obscene salaries and bonuses with my hard-won profits.

My 60-hour weeks, my trips to Wal-Mart for sheets and coffeepots at 9 PM. My checking people in after hours. My constant attention to my tenants’ comfort and well-being.

My profits are paid-off mortgage equity and basically a living wage. I work damned hard. You are clueless. You insult me. You are a waste of time.

Furnishedowner

86

Furnished,

This guy is a complete STROKER…He just BLEW every ounce of credibilty he every hoped to have here with this little COST ANALYSIS on his flip…

He’s a full of it.

You make money in a very tough business. You’re successful…He WISHES he was…He isn’t so he LIES about it…

It’s PAINFULLY obvious…As of TODAY he was telling people he would be into this project for $37K…That number is now been shown to be a TOTAL JOKE…Now he wants ME to price a kitchen for him???..Look it up loser…Been there, done that, bought the t-shirt!

You hit it right on the head…He’s a total waste of time and more and more people here are realizing it. Thankfully he’s too stupid to just shut his mouth, and the more he yaps the clearer the REAL picture gets for everyone.

87

Fdjake,

“Your BIG MOUTH and need to have the last word SCREWED YOU HERE!!!”

No, FDjake… the last word are the NUMBERS… and like I said, I will post them all when all is said and done… :beer

“.If you look at my past posts you’ll even find BEFORE and AFTER PICTURES of a kitchen that EXACT size I did LAST SUMMER”

If you mean this kitchen…

http://i303.photobucket.com/albums/nn148/petemfa/Remodel009.jpg

http://i303.photobucket.com/albums/nn148/petemfa/Remodel016.jpg

Nice try… they are completely APPLES and ORANGES… and

Your Cabs - Painted MDF doors and frames - My Cabs - BRAND NEW OAK CABS

Your countertop - Granite - My Countertop - Formica

Your Floor - TILE (at $1500 - $14/sf - you got scewed) - My Floor - Linoleum

So, lets’ TRY IT AGAIN… Give us the price based on the specs I GAVE YOU… If you KNOW EXACTLY what I GAVE YOU would cost… post it, otherwise you are full of it…

FUNNY though, you $3675 does NOT include light fixtures, prime/paint for the Ceiling, walls, plumbing… so much for accounting for all your costs… regardless, I WILL give a full accounting of my project costs…

Oh, and then there is this… “(used on craigslist $45)” LOL… :biglaugh :lol

“Now he wants ME to price a kitchen for him???..Look it up loser…”

No, I want to see you put your money where your mouth is… I GAVE YOU all the info, and then you gave US apples and oranges… talk about BS…

Look, it’s VERY simple… I GAVE you all the specs… let’s see what you’ve got… Like the old saying goes… Put up or shut-up…

88

Furnishedowner,

I am not against you getting EITHER the equity or monthly income from your investment… I am making a point…

“What is that blather about EQUITY I HAVE STOLEN?”

VERY SIMPLE - unless you paid 100% of their purchase price MINUS repairs, YOU GOT THEIR EQUITY that THEY paid down ALONG with any money they put down… BECAUSE they didn’t know better…

“Hey, guy, I bought the properties I own fair and square. The sellers were happy to sell to me.”

BECAUSE they didn’t KNOW better…

“I was the only buyer they had, in most cases. I’ve spent enormous amounts of time and money in order to bring those units up to furnished rentals. I didn’t go out and rip off some desperate Mom and Pop from their equity. Where do you come up with this stuff?”

And yet you said earlier - “I don’t swoop in and steal people’s equity! Although I wouldn’t mind doing so, I think it’s called “profit”.”

So, which is it? You can’t get the PROFIT (Equity) without giving them LESS…

“And somehow my making any profit with furnished rentals is the SAME AS INSURANCE COMPANIES MAKING A PROFIT FROM POOR FOLKS’ health insurance premiums?”

You are both in business to make money, yes? So, if you expanded into a worldwide franchise and your income SOARED to multi-millions, should you then be FORCED to reduce YOUR income to a couple hundred thousand so that you could LOWER your prices to make it more affordable for poor people to stay at your place? If not… WHY???

Do you make it a policy NOT to rent to the insurance industry, and do you screen for it? If you don’t, then your INCREASED monthly rentals ADD to the problem for the poor, right?

"You have got to be kidding! You can’t compare the Insurance CEO’s obscene salaries and bonuses with my hard-won profits.“My 60-hour weeks, my trips to Wal-Mart for sheets and coffeepots at 9 PM. My checking people in after hours. My constant attention to my tenants’ comfort and well-being.”

All well and good, but if we are LIMITING people’s income, why should YOU get people’s EQUITY? Why should you just not buy at 100% minus repairs? If you are not ALSO after the equity, and you are just after the rental income, why not GIVE the equity to the people you are buying from? For investors to buy a property, we ALL AGREE it has to be at a substantial discount…

Why should you be ALLOWED to charge $1500 - $2000/month for your rental? Like YOU’VE SAID, you are charging MORE with your rentals than other places…

“My profits are paid-off mortgage equity and basically a living wage. I work damned hard. You are clueless. You insult me. You are a waste of time.”

Yes, and there is no such thing as liberal hypocrisy… :rolleyes I am only stating the facts, if you are “insulted” maybe you should ask why…

What it boils down to, until you are ready to have YOUR income limited, you shouldn’t be advocating the same for others… if so, what makes YOU so special???

89

Here’s what I LOVE about this loser…He just keeps TRYING to dig himself out of this HOLE but it just gets DEEPER!!

Let’s look at exactly WHERE POSITIVE is on his CURRENT PROJECT. He’s leaving CLUES all over the place. Even though ne has NEVER ONCE told us HOW far into this or at what stage he really is…

Here’s what anyone with EXPERIENCE can pick up on…

He’s got this place gutted to the studs…just doing THAT took almost ONE FULL YEAR!!

Rough plumbing and Electrical MIGHT be complete…

Roof hasn’t been touched (because we would have heard about the .50 cent/square price he got on CRAIGSLIST on USED ROOFING :shocked)

So we know the roof needs to be stripped and new roofing installed

NO WINDOWS have been installed or even PURCHASED yet (we KNOW this because he tells us about JUST FINDING great prices through a supplier on CRAIGSLIST!!)

NO DRYWALL DONE…Not even an ESTIMATE for a “COMPLETE GUT JOB” of a 900+ sq ft house…NOT a CENT in cost mentioned here…That’s gonna either take more of his weekends of a LOT of the $11,600 he’s got left!! Hey, here’s a FUN thougth for all you EXPERIENCED FLIPPERS…Let’s think about how much FUN Positive will have DRYWALLING a 900 sq ft house ALONE!!! It’s either that or PAY UP!!!

We know the KITCHEN sure ain’t in…or even PURCHASED…He’s asking ME for an estimate on this apparently. :rolleyes :rolleye

No Counter tops installed!!!

Obviously NOTHING has been painted (NO DRYWALL)

NO finish trim work

How about INTERIOR DOORS??? Not a cent in this for them?? This is a 3 BEDROOM home with 2 baths and a MASTER BEDROOM…I guess it doesn’t have INTERIOR DOORS??? Are we RE-USING old doors from a beat to sht, falling down, $8000 GUT JOB home??? That’ll look GREAT in a “NEW HOUSE” This is the sht that REAL investors NOTICE…It’s the DETAILS, the HOLES in the story…

NO flooring installed or purchased

No finish PLUMBING

NO finish electric

Here’s THE BEST PART and the part where POSITIVE looks like a complete JOKE!!!

Working ALONE (maybe with his son) on WEEKENDS THIS FALL and WINTER all he needs to do to get this place ready for sale is…

Strip and reroof the entire home
Install Siding for the entire home
Remove, Install, trim and paint trim on 15 WINDOWS
DRYWALL the entire home
Prime then Paint the entire home
Install New OAK kitchen cabs!!
MAKE and install countertops
Install all interior flooring (carpet, vinyl, & laminate)
Install new light fixtures, switches, and outlets
Install new plumbing fixture/cabinets in TWO bathrooms
Install and PAINT all interior doors
Buy and install all appliances
Landscaping
Then a complete clean up and punch list

All this DONE with the $11,600 left in his budget!!!

Then all he has to do is LIST the PROPERTY and wait the 6 to 9 month average it’s taking to sell a home these days!!!

Hey POSITIVE…See you NEXT SUMMER!!!

90

Fdjake,

Surpise, surprise… no answer again… :rolleyes

First you say you did a kitchen that “EXACT Size”, and then I SHOW you WITH INFO FROM YOUR OWN POST & PICS that it is APPLES and ORANGES, something an EXPERIENCED person would have realized when they READ the descriptions of the two and not even TRY to make the comparison in the first place… and then I also had 30" pantry and Frig Cab on the opposing wall… so GREAT comparison FDjake, I’m SOOOOO impressed with your VAST EXPERIENCE… :bs

It is quite obvious you’re not providing the numbers because you CAN’T! Even when you are GIVEN the specs… You most likely just GET ESTIMATES from people who do it for a living…

Then you paid $14/sf for 10’ x 10/5’ foot TILE install??? $1500??? You brag about PAINTING YOUR OUTLETS to save a couple of bucks and then get HOSED on a tile install and don’t even realize it… LOL…

FYI, genius, the paint will start to wear off over time on those outlets, from the plugs entering and exiting. and then you will have to deal with it anyway… would have made MORE sense to take some of that $1500 and spend a couple of bucks for some NEW outlets… ANOTHER demonstration of your experience… and you are not EMBARRASSED to have all your fellow investors see this and at the same time bragging about 20 years rehabbing? Maybe 20 years of getting ESTIMATES, but NOT actually rehabbing… ANYONE can push paper, junior…

The part that is even MORE laughable is that you paid $3675 for that kitchen DOING IT YOURSELF… :biglaugh :lol FYI, design tip Mr. Experience… you don’t put GRANITE and stainless steel and tile in with faux painted brick… if you had any EXPERIENCE, you would KNOW that the upper cab to the left of the window should have had TWO doors, not one, and the cab above the range and stove should have been split up into four doors symmetrical to the appliances … you probably thought, hey the granite has some red in it, I’ll paint the brick red, it’ll match REAL NICE… :biglaugh :lol and FYI, you don’t put white PLASTIC outlet covers in when you have STAINLESS steel appliances, and the outlets should have been painted black if you were going to do this (I still can’t believe you took the time to do this, instead of getting new ones, and then BRAGGED about it to boot… :rolleyes)… Then after updating the countertop, appliance and plumbing, you KEPT that cheezy valance above the sink DATING your kitchen while being a dichotomy in design… then on top of that, you used THE WRONG HINGES for MDF doors… I don’t remember if this was from a rental, but if it was, EXPECT to be replacing those down the road along with repainting the outlets… FYI, MDF is NOTORIOS for not holding screws… that’s WHY they made hinges SPECIFICALLY for this application…

This was nothing but AMATUER HOUR ON DISPLAY… even as a DIY’er project this one is inadequate… it’s a mish-mosh DEMONSTRATION of your INexperience… and you LEAD US RIGHT TO IT… It’s a mutt of a kitchen… and you were PROUD to have paid $3675 for it… :biglaugh :lol

You are so full of it… 20 years rehabbing and you can’t put a price together on a 10’ x 10.5’ kitchen when you have all the specs needed to do so??? :bs :bs :bs :bs

I don’t need YOU to estimate a kitchen for me like you assert to AVOID doing it (especially after your glorious display of ineptitude when it comes to design and material choice), I have designed AND installed them to the tune of triple-digits… and before you try any more of your BS, I have the BEFORE and AFTERS, along with the REFERENCE letters to prove it… you forget, if I can’t get a deal like I am with the cabs on this project, I MAKE this stuff from scratch… YOU simply buy it… and you apparently do a poor job of that…

Since we all now KNOW you won’t provide the pricing, even with your vast 20 years experience, which you should have a MATRIX that would TELL you what this size kitchen would cost, what I wanted to do was you to SHOW you how our pricing is different regionally… and the FUNNY thing is, the COMPLETELY NEW kitchen that I am installing will be LESS than what you paid for that wonderful mish-mosh DIY’er DEMONSTRATION of your 20 years experience…

You can still provide the pricing (as if YOUR pricing would benefit me for estimating purposes - lol), but like I said - Put up or Shut-up… (fat chance of that)…

Because as we can see, you have LOTS of experience… and if nothing else, you should be THOROUGHLY embarrassed right now… I don’t claim to be a real estate expert, and EXPECT to make mistakes on our first flip, but you DO CLAIM 20 years REHABBING experience, and as we can see, when the project was in YOUR hands… you really SHINED… LOL :bs How freaking EMBARRASING… :biglaugh :lol

You remind me of Armando Motelongo…

91

FDjake,

And FYI, the roof IS done…

That was one of the first things done AFTER the demo BECAUSE there were TWO chimneys removed… and the plumbing was REDONE… You DO realize there is a DIFFERENCE in size on vented plumbing from decades ago to new code, right? An EXPERIENCED person would KNOW this… whether I mentioned the price I paid for the materials or not, you should have KNOWN the roof would have had to be done when I told you the place was COMPLETELY re-plumbed, OTHERWISE the rain would just be coming in, now wouldn’t it… you are SO full of it… :bs

You see that’s the difference between someone who gets his hands dirty and someone who just hires it out… I KNOW what I am talking about…

92

You might want to READ all the REPLIES to that Kitchen rehab POST!!!
Here’s a few samples with their authors names…

Phelmboy…Nice job on that kitchen!
gigo…Kitchen looks great!
j1Dias…Great work, thanks for sharing. I copied your post for future reference!
Wallacehobbs…Nice Job!
P1nn4cl3…Kitchen looks great! Something out of HDTV
hthompson001…I love it, looks really good!!!

The house was finished in 30 days and on the market for EIGHT DAYS!! It sold for $2000 OVER asking and the BUYERS picked out the upgraded tile (thus the $2000 OVER). We had TWO backup offers on the property also.

You might want to RE THINK that OAK and FORMICA kitchen GENIUS…Unless the 1970’s are coming back to NOT SO NICE NEIGHBORHOODS!!

YOU are SCREWED here pal…S C R E W E D!!! Can you POSSIBLY look like a BIGGER Idiot???

So HOW MUCH WAS THE ROOF??? And you never told us the place was completely replumbed and that work was FINISHED, you told us you had installed PEX and had a PRICE for replumbing…Try to keep your BS story straight.

HOW MUCH FOR THE ROOF??? It’s NOT in your NUMBERS???

You got $11,600 left…NO ROOF $$$$, NO INTERIOR DOORs $$$$$$, NO SIDING $$$$, NO WINDOWS $$$$, NO KITCHEN $$$$$, NO FLOORING $$$$. NO DRY WALL $$$??? and on and on…

You don’t have a SHOT at bringing this project in at $37,000 WE ALL KNOW IT.

As far as MY kitchen goes…First off the MDF CABINETS you point out are ACTUALLY the ORIGINAL BIRCH BOXES built in the early 1970’s and SOLID as a ROCK…You have NO CLUE…Only an IDIOT like YOU would RIP THEM OUT!!!
This is what EXPERIENCED INVESTORS DO!!! They only replace what NEEDS to be replaced.
Those boxes were PERFECT…I ordered just MDF doors for this project painted the boxes and installed the new doors. The BRICK on the wall was THERE you IDIOT…We painted it so it actually was a BRICK color. AGAIN…This was actually addressed in DETAIL in the post because fake brick was popular in the 70’s and it’s a PAIN IN THE @SS to remove…SO WE DON’T!!! That’s how you make $$$$$$$$$$$$$ But you’ve NEVER sold an investment property so how would you know???

You have made EVERY SINGLE MISTAKE a new investor COULD make…EVERY SINGLE ONE!!!

But the REAL testament to your BULLSHT is the BOTTOM line. I made Ten’s of THOUSANDS of $$$$$$ on this property. You can actually READ this in the original post…See, when you aren’t BULLSHTTING people you don’t end up looking like an IDIOT.

Read the replies to the before and after pictures…INVESTORS here wanted to know WHERE those doors came from. THEY and the (3) BUYERS Loved this kitchen… Granite, stainless, tile, all in a 900 sq ft STARTER RANCH HOUSE!!! EIGHT DAYS ON THE MARKET!!..8 DAYS!!

SO…STILL NO ANSWER on those MISSING NUMBERS for YOUR flip???

YOU are a TOTAL LIAR and a complete JOKE…You can’t finish this project for the $11,600 you have left. YOU KNOW IT and thanks to your MOUTH…WE ALL KNOW IT!!!

93

Why is it theft when your tax money goes to poor people? I hear people say stuff like that all the time. First of all, once you pay your taxes its not your $ anymore unfortunately. Yeah I don’t agree with everything our gov does with our tax $ but why the uproar when it goes to the poor and not the rich?

Look how much $ went to no-bid contracts over the last 8 years. Look how much $ the “Iraq War” and “War on Terrorism” cost everyday. Blackwater, Dynacorp, Hailburton all deserve the tax money they got? The bank bailout? AIG? Nobody involved campaigned for Bush and no one in his cabinet got jobs at Goldman Sachs after leaving office?

My point is I don’t feel poor people who don’t work for it deserve a handout, but either do rich people who don’t work for it and it’s acceptable. Truth is these rich handouts cost way more then these poor handouts.

Insurance is outta hand and something needs to be done. My house payment is $900 a month my fiances insurance is $600 a month and she’s a nurse! That covers her and my 2 sons. I have no insurance and just don’t go 2 the doctor when I’m sick. Oh yeah we also have a $3000 deductible to go with that payment. She sees first hand at work on how peoples insurance affect the type of treatment they get based on profits. People need to calm down a little bit, there is worse things going on then trying to fix healthcare.

94

Fdjake,

I will have to break the next post up, BECAUSE you have sooo much BS in the last post… here goes…

“Phelmboy…Nice job on that kitchen!
gigo…Kitchen looks great!
j1Dias…Great work, thanks for sharing. I copied your post for future reference!
Wallacehobbs…Nice Job!
P1nn4cl3…Kitchen looks great! Something out of HDTV
hthompson001…I love it, looks really good!!!”

And that negates all the problems with it… I GUARANTEE standing in the kitchen, looking at it upfront, is quite a different experience… face it, it’s a mutt… simple as that… Funny thing is, you TALK about USING DESIGNERS… talk to your DESIGNER friend about this mutt…

“As far as MY kitchen goes…First off the MDF CABINETS you point out are ACTUALLY the ORIGINAL BIRCH BOXES built in the early 1970’s and SOLID as a ROCK…You have NO CLUE…Only an IDIOT like YOU would RIP THEM OUT!!!”

No, its quite clear what the CABS are from the first pic, we were talking about the MDF DOORS in YOUR post yo pointed us to… nice try… The hinges you used are for WOOD… MDF WEIGHS more than it’s wood counterpart, therefore a different hinge is NEEDED NOT for the ply box, but for the CAB DOOR… but your 20 years experience didn’t tell you the difference?.. :biglaugh :lol

“OAK CABINETS went out in the 1970’s along with FORMICA and $200 stoves!!!”

Dude, you have really have absolutely NO CLUE when it comes to design… It’s HILLARIOUS you LEAVE a 70’s/80’s style valence in while upgrading everything else… Formica went out in the 70’s, huh? It is used EVERYWHERE… :biglaugh :lol just a quick search on Google would’ve told you that…

http://www.associatedcontent.com/article/266238/the_five_most_popular_countertops.html?cat=6

From the article - “laminate purchases account for more than TWO-THIRDS OF THE MARKET. Low cost laminate is durable, comes in plenty of colors and patterns and can be installed by homeowners.” BTW this is from a 2007 article NOT a 70’s article…

The reason is laminate can be made to look like granite, marble, Corian, or hardwood… you can ALSO design your OWN laminate…

How freaking embarrassing… you are out of your league here, FDjake… Granite has become more popular because the price has come down over the past 7 years… but it STILL cannot compete price-wise against laminate… I will make MY countertop INLCUDING matching bevel edge for a little over $100…

"OAK CABINETS went out in the 1970’s "

The main three are Oak, Maple and Cherry, and they vary in popularity through the years, but OAK has been the most CONSISTENT top seller of cabinetry AND furniture BECAUSE it is the least expensive of the three AND sustainable… So, you just demonstrated YET AGAIN how relevant your 20 year experience is… You would think you would be on TOP OF what the top three are… :rolleyes

But so you can’t say it’s just me saying it… the below quote is pretty much standard of what you’ll find about Oak…

“Oak is the most WIDELY USED WOOD for manufacturing CABINETS AND FINE FURNITURE and is considered the STANDARD of wooden products.”

YOU DON’T KNOW WHAT YOU ARE TALKING ABOUT… the other investors on here are CRINGING for you…

95

Fdjake,

Part II…

“And you never told us the place was completely replumbed and that work was FINISHED, you told us you had installed PEX and had a PRICE for replumbing”

Uh… intalling the pex would be part of the rough-out, yes? Yet ANOTHER example of your 20 years of experience… LOL :biglaugh :lol Like I said, experience in collecting ESTIMATES…

“The BRICK on the wall was THERE you IDIOT…”

That’s quite obvious from the first pic… this SHOULD have gone period… you now have FIVE competing elements and only ONE doesn’t belong in this picture… can you figure out which one with your 20 years of experience?.. Talks like pro, rehabs like an amatuer…

“Only an IDIOT like YOU would RIP THEM OUT!!!”

I NEVER said to rip them out… there is nothing wrong with painting them and using MDF Doors, you just didn’t know what you were doing… like I said… You missed BASIC design… AMATUER HOUR…

“AS for the TILE…again LOSER…This tile was picked out by the BUYER…THEY picked what they wanted and I had it installed…That’s were the $2000 OVER asking came in!!! THEY wanted an upgraded tile…THEY PAID FOR IT with the ADDITIONAL $2000!!!”

Well, I searched that whole thread, and the $2000 is not there regarding the tiling… so knowing your personality, it’s an add-on… But what’s even FUNNIER, is even IF the $2000 existed, that means you just decided to GIVE them your PROFIT by OVERPAYING for the install… :bs :biglaugh :lol Yeah, that makes MORE sense… LOL

But when ANOTHER investor QUESTIONED how much you paid for it IN THAT THREAD YOU PROVIDED - Liquidity - "What kind of tile did you put in ceramic or porcelin ?? $1500 seems LIKE ALOT for a kitchen that size from the pic. how many sq ft was it ?? "

YOUR answer to him was - “As far as tile goes I NEVER SPEND MORE than $2.50/ sq. ft. for tile and my tile guy charges me $3.50/ sq. ft. to install it.”

So, ONCE AGAIN… YOUR NUMBERS DO NOT ADD UP, FDjake - EVEN IF you DOUBLE the kitchen size to 10 x 20 (which would INCLUDE an eating area I believe is to the left), using YOUR NUMBERS that would’ve been $1200, NOT $1500… Where’s the other 20% ($300) Fdjake? And that’s ASSUMING you paid YOUR top price of $2.50/sf for tile that you "NEVER SPEND MORE" than… lol :biglaugh :lol

Now, we’ll hear that the customer chose a tile more expensive than YOUR $2.50 number, but it will have to be $4/sf to add up… We’ll hear something like this even though YOUR thread says that you had TWO PEOPLE vying for the property which ended up getting you $2000 over list…

On August 7th, you said it “Just hit the market TODAY for $199,900”, but then on August 13, you said - “House is SOLD…A whopping 8 DAYS on the market”… :biglaugh :lol these are YOUR WORDS and last I checked that would have been 6 days… and you can’t say it was the weekend BECAUSE it fell IN THE MIDDLE of the 7rh & 13th… what is it with you and MATH…

How freaking EMBARASSING… :rolleyes :bs

"HOW MUCH FOR THE ROOF??? "

Between the two of us, I am the only actually replying to the posts… I’ll be HAPPY to tell you how much the roof cost, when the great-in-his-own-mind Fdjake provides the numbers for a SIMPLE 10’ x 10.5’ kitchen with ALL THE SPECS ALREADY provided…

You are so full of yourself and so full of it… :rolleyes :bs

Like I said - put up or shut-up…

96

NOT A SINGLE COMMENT ABOUT YOUR NUMBERS???

NOT ONE!!!

Where’s the cost for that ROOF or the
INTERIOR DOORS??
KITCHEN??
FLOORING???
SIDING???
DRY WALL for a COMPLETE GUT???
WINDOWS??
FINISH ELECTRIC???
FINISH PLUMBING???
TRIM???
PAINT???

You don’t ANSWER because with only $11,600 left you KNOW I caught you in a LIE!!! Your only HOPE is to DIVERT attention…Argue over HINGES, COLORS, SWITCH PLATES…It’s a testament to your complete and utter lack of BUSINESS SENSE. MY property SOLD…Your’s is NOT coming in for ANYWHERE NEAR what you’ve told people here.

This is what a BULLSH*TTER does…He tries to RUN AWAY from REAL QUESTIONS!!!

By the way…Did you miss the $75,000 I made on this flip in LESS than 2 MONTHS???

You have proven to everyone here that you are a complete JOKE…

Apparently STANDING IN THAT KITCHEN didn’t bother the THREE different people who signed a P&S agreement on it!!! Again…I don’t know WHO you’re rehabbing YOUR flip for (maybe your SON, he’ll probably be looking for his first home by the time you FINISH this GEM) I rehab my homes for PROFIT and to SELL!!! A property like that TURD you got BURIED IN is a WASTE of time. I made $75,000 on this property in LESS than 2 MONTHS…YOU can’t even FINISH your property for the $37,000 you’ve been TELLING us it will cost.

That’s what this is ALL ABOUT…YOU LYING about your abilities and your project!!

BEST OF ALL???

We NOW KNOW W H Y you can’t HIRE anyone to FINISH this TURD for you!!!

YOU’RE BURIED IN IT!!!’

You try an tell PRO’S here that your finishing at “my own pace to teach my son” Your so full of SH*T you must float!!! With $11,600 left…IT’S ALL YOU!! You don’t have the money in your budget to even hire ILLEGALS to work with you on this DUMP…

Like I said…The LONGER a BULLSH*TTER TALKS the more the TRUTH comes out

Now you won’t answer questions about your flip costs until I ESTIMATE YOUR KITCHEN FOR YOU

That is PRICELESS!!! It’s PATHETIC… but still priceless!!! This is what POSITIVE does…He SCREWS UP ROYALLY…for EVERYONE to see…Then RUNS away from the topic.

BUDDY…$11,600 is NOT getting this dump FINISHED with everything it STILL needs…WE all know it.

It’s beautiful watching you SCRAMBLE with the mircale CRAIGSLIST MATERIALS…The HOME DEPOT COUPONS, The OUTLETS…The I’ll build and DO EVERYTHING MYSELF!!!

There is not a SINGLE person here that believes the NUMBERS you put up…WE actually DO THIS…You NEVER have…You screwed it up…

ADMIT IT and MOVE ON!!!

97

Fdjake,

“NOT A SINGLE COMMENT ABOUT YOUR NUMBERS??? NOT ONE!!!”

Nope, not until YOU pony up with some numbers, and NOT the boguus ones YOU WERE JUST CAUGHT IN YOUR OWN WORDS of using… There’s EVEN MORE…

" made $75,000 on this property in LESS than 2 MONTHS"

AGAIN, your OWN NUMBERS don’t add up…

[i][b]“Purchased for $110K put a total of $8000 into it”

“Like I said TOTAL COST was $8000. All DONE in exactly 4 weeks!! and that INCLUDES cleanout.” - this would INCLUDE the floor in ALL, yes?

“As of today I’m into if for $123,000” - that’s the day you LISTED it…

“Just hit the market today for $199,900. As of today I’m into if for $123,000.”

“$2000 OVER asking!!!”[/b][/i]

These are all DIRECT QUOTES from the post YOU lead us to… :rolleyes :biglaugh :lol

Let’s Review…

Purchase price - $110,000
TOTAL rehab costs - $8000 - unless you have ANOTHER meaning for total
Subtotal - $118,000
Then it JUMPED $5000 to $123,000 with NO EXPLANATION (4% of 118K)
List Price - $199,000
Sold $2000 ABOVE asking price for a total of $201,000 ACCORDING TO YOU…

$201,000 LIST PRICE
- $123,000
$78,000 Total you SHOULD have made…

And yet YOU JUST SAID you made $75,000 on it in less than two months??? So, we’re MISSSING $5000 when it JUMPED from $118,000 to $123,000 and then ANOTHER $3000 from $78,000 to $75,000… for a TOTAL of $8000???

$8,000 in MYSTERY money… from a person with 20 years of rehabbing experience…

And I have a lack of business sense… lol LOL LOL :biglaugh :lol

HOW FREAKING EMBARASSING!..

“YOU LYING about your abilities and your project”

Dude, those are just words from YOU of all people… they don’t hold credibility…

The PATHETIC thing about this FDjake, is that your are a SELF-PROCLAIMED real estate expert… I’ve NEVER claimed to be a real estate expert, and a ROOKIE can spot all your mistakes here, using your OWN WORDS form YOUR POSTS that YOU LEAD US TO…

…you don’t think the OTHER INVESTORS here see this??? :rolleyes :bs

98

Gee…What would a REALTOR COMMISSION BE on this sale???

See when or IF you ever get around to SELLING that DUMP of yours you’ll LEARN this stuff!!!

STILL NO EXPLANATION for the MISSING NUMBERS on your PROJECT…

You know the ones that BLOWOUT YOUR BUDGET???

$11,600 left and NOT EVEN HALF WAY COMPLETE!!! Not even SHEETROCKED!!!

What a TOTAL LOSER!!!

99

That is a good question.

100

Fdjake,

“Gee…What would a REALTOR COMMISSION BE on this sale???”

LOL… so that explains jumping from $118,000 to $123,000 AS YOU LISTED IT for $199,000… the $5000 was a realtor commission?..

If you are going to say that the $5000 was the realtor commission at that point on August 7 (which would have been 2.5% of 199K), you STILL have to make up the $3000 from $78,000 to $75,000 that you JUST SAID you made… if you are going to include THAT $3000 as part of the realtor commission, this would have then INCREASED your realtor commission to just under 4%… this would have made your anticipated total costs INCLUDING a realtor fee of 4% $126,000 on August 7, NOT $123,000 …

So which is it??? Explain the $5000 and the $3000… what IS your realtor commission…

Additionally YOUR NUMBERS were laid out in the order YOU provided, and REALTOR COSTS were NOT mentioned… interesting though, neither is a lawyer or his fee if you used a realtor…

Funny how a ROOKIE can negotiate a BETTER realtor commission that the one with the 20 years of experience, and who has sold LOTS of houses… LOL

“STILL NO EXPLANATION for the MISSING NUMBERS on your PROJECT…”

I told you, when you PONY up on the simple 10’ x 10.5’ kitchen numbers, which you were also GIVEN spec numbers, I’ll be HAPPY to provide you with the roofing costs… So the ONLY ONE holding that up is YOU… so you are arguing with yourself… :biglaugh :lol