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jeff_eaglz

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About jeff_eaglz

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  1. General announcement. Since many now know me from this thread, I'd thought I'd make it known here that I'm changing my name on this site - for the better. You'll know me now as "Jeff Pasquino", new staff member. Carry on.
  2. Go FSBO for a month, then see what happens. Contact your neighbors and give them the incentive that they get to "choose their neighbors". Many people know someone who wants to live near them. Think college / rooms on same floor. Happens more often than you think. Of course I'm assuming houses aren't 1000+ feet apart. What state / zip code (PM if you feel better that way). I can comp it. Find the pricing from realtor.com, domania.com, zillow.com, and check the newspaper. Look for recent sales in your area. That gives you an idea as to what the going rate is. Consider owner financing if (
  3. Hmm, the interesting thing here is that in most states, this really isn't even a real estate deal.Mobile homes are considered just that - mobile. DMV/MVA for each state usually record them (auto departments), not land records. If you think about it, that makes sense. No land is sold here - so there is no "real estate". I'm not ducking the question though. What state are we talking about? How old / young is the mobile? Often selling a mobile home can be done best by owner financing a note and selling the note. Basically, let's say you wanted $10,000 for the mobile home. You get a buyer t
  4. Should have addressed this post sooner.Yes there are high pressure tactics out there. Yes there are RE clubs that teach and/or push this. If that isn't who you are or you don't like that style, it is not a problem. In fact, I like these people in a certain way as it differentiates myself. I'm not pushy nor do I bug them to sell their house(s). There are hundreds of ways to make $$ in real estate. These techniques above are agressive and annoy many homeowners like yourself. Most good investors that actually are successful and stick with it use other methods - usually more passive. Direct
  5. I believe there is good news for you. You can prorate the $500,000 exemption from capital gains.Searching for a link. Proninja also mentioned this somewhere. ETA: I may be incorrect here. Clarifications Looks like that the proration would be more of a "sale due to circumstances beyond your control" - not selling your house by choice. Considering that - I'd delay the closing - even if you have to pay the mortgage two extra months. The tax savings will be huge. DEFINITELY speak with a professional (accountant). Likely scenario is you cannot move for 2 years and a day, just to be safe..... G
  6. That is a fair question, but I don't believe I have a good enough answer.I strongly suggest you start a separate thread, and I'll be happy to link to it in here (or you can of course). As in: Good topic. Let's talk about it at the Landlord Question thread.
  7. Short answer? Probably not worth the hassle.To turn 1/2 of your lot into Ag vs. Residential, you're going to have to subdivide it OR re-draw the boundaries of the two lots. At the least this will cost you $$ for engineering / surveying, recording, etc. etc. Even if it is just $500 - why? $500 spent today to make $100 over 7 years (save, rather) is about 9% return on your investment. I bet it might be more like $1000 and of course hassle. Plus if / when you sell the house, the house's value will decrease since you lost the land that was put in Ag. That's the bigger issue. Future owners may wa
  8. Yes I'm in Maryland. PM me the details and I'll be glad to help.
  9. I only basically buy as is. I want a low price, and can do whatever repair myself.That said, for the couple of times I needed to make a deal go away, or become a much better deal, I have an Inspector on Speed Dial that can kill any deal. The guy is an absolute ball buster. He will walk in with the smallest fine tooth comb you ever saw and fine $100K in repairs at the drop of a hat. That's so wrong, but I love it anyway.
  10. Short answer? Probably not worth the hassle.To turn 1/2 of your lot into Ag vs. Residential, you're going to have to subdivide it OR re-draw the boundaries of the two lots. At the least this will cost you $$ for engineering / surveying, recording, etc. etc. Even if it is just $500 - why? $500 spent today to make $100 over 7 years (save, rather) is about 9% return on your investment. I bet it might be more like $1000 and of course hassle. Plus if / when you sell the house, the house's value will decrease since you lost the land that was put in Ag. That's the bigger issue. Future owners may wa
  11. I think you already know the answer to this and what affirmation, but that's okay.1. You're getting the seller to give you $1,000 against a $2,500 unexpected repair. 2. The house appraised for $2,000 more than you paid for it (used to be rare, but less now. It was always funny how an appraisal always "magically" matched the sales price). 3. Who's to say you even have to do the repair right now? Sounds like you are getting $1,000 towards closing and $2,000 of equity just for buying the house, $3,000 more than you expected, and you have a $2,500 unexpected repair. And you LOVE, LOVE, LOVE th
  12. By the way, home inspectors ALWAYS find something. That's their job. No house is perfect, even brand new ones. I once had to get an engineering report ($600) to sell a house of mine that a mason thought needed $10,000 of repairs. The true cost was $1,000. I saved $9,000 at a cost of $600.
  13. I think you already know the answer to this and what affirmation, but that's okay.1. You're getting the seller to give you $1,000 against a $2,500 unexpected repair. 2. The house appraised for $2,000 more than you paid for it (used to be rare, but less now. It was always funny how an appraisal always "magically" matched the sales price). 3. Who's to say you even have to do the repair right now? Sounds like you are getting $1,000 towards closing and $2,000 of equity just for buying the house, $3,000 more than you expected, and you have a $2,500 unexpected repair. And you LOVE, LOVE, LOVE th
  14. Since homeowners insurance will cover the cost of repair, I assume the lost profit you're refering to is the deductible and the loss of rents. My State Farm agent once told me that they offered insurance to cover loss of rent money in just such an occurance. My question is; do you know any landlords that carry that kind of insurance? Would they recommend it (is it worth the extra $)? Flood insurance won't cover you if a tenant doesn't pay the heat and your pipes freeze.Frozen pipes in general are usually not covered. Now I'm a little confused. A good friend of mine went on vacation and a pip
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