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Topic:
Flipped homes again
This thread has 27 replies. Displaying posts 16 through 28.
Post 16 made on Friday March 10, 2017 at 19:08
Mac Burks (39)
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On March 10, 2017 at 17:14, 2nd rick said...
I watched the Armando Montelongo on TV, and he used Mexican immigrants that he picked up at Home Depot, gave them very little direction, came in to shout when they messed everything up, fired all of them, hired two real guys and BEAT THEIR ASS on the budget and timeline (even though the predicament wasn't their fault in any way) and then came in at the end and still claimed to clear $100-150k.

Yeah, that is some bullshit.

That guy now does late night infomercials where he tries to sell people the big secret that if you have lots of cash and great credit you can maybe make money with real estate transactions.

Gee...why didn't i think of that?
Avid Stamp Collector - I really love 39 Cent Stamps
Post 17 made on Friday March 10, 2017 at 19:11
Mac Burks (39)
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On March 10, 2017 at 12:04, Ernie Gilman said...
Mac,
it's too cold for you to know what that thing is out there but the inspector is hard pressed to find any issues. This does not compute.

That might be because you are trying to add orange juice to the number 9. Sometimes things aren't compatible and you shouldn't try and add them up. It will just make your head hurt.
Avid Stamp Collector - I really love 39 Cent Stamps
Post 18 made on Saturday March 11, 2017 at 11:15
highfigh
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On March 10, 2017 at 16:39, ceied said...
Vanessa and I stopped looking to buy homes. Everything was lipstick on a pig. We are building instead.

It should be criminal for people to flip houses.

If they spackle over problems, yes. Not a problem if they're held to some kind of standards, though.

Ever looked into using shipping containers or panelized wall systems?
My mechanic told me, "I couldn't repair your brakes, so I made your horn louder."
OP | Post 19 made on Saturday March 11, 2017 at 12:58
Ernie Gilman
Yes, That Ernie!
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On March 10, 2017 at 19:11, Mac Burks (39) said...
That might be because you are trying to add orange juice to the number 9. Sometimes things aren't compatible and you shouldn't try and add them up. It will just make your head hurt.

No, I'm saying that you completely recognize that it's friggin' cold out, so cold that you won't even go look deeply enough to be able to recognize what something is, but it doesn't occur to you that it's also too cold for the inspector to go out there, or anywhere else at ambient temperature, and do a thorough job inspecting. He may be thinking, "do I look at this for a few more minutes or do I go inside and lessen the risk of frostbite? Effit!"
A good answer is easier with a clear question giving the make and model of everything.
"The biggest problem in communication is the illusion that it has taken place." -- G. “Bernie” Shaw
Post 20 made on Saturday March 11, 2017 at 16:18
Don Heany
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The wife and I like them as they are, and the older the better. Our current house was built in 1952 around an RCA plant (color TV boom) in Lancaster PA. The neighborhood is full of beautiful old homes that make it one of the most highly sought after in the area. Our cape cod style is a 4br 1 &1.5 bath. It's rock solid, dimensional lumber bliss. We're fortunate that the "flipper" only went so far as to throw a couple gallons of cheap paint on the walls. I re-worked the Kitchen and Bath areas extensively and we stand to do well basically "flipping" it ourselves over a period of 6 years.

So, we're actively looking to find our "forever" home, exclusively pre- 1900 homes. We toured an 1850 "second empire victorian" today and it's just sh!tty enough that we really want it, as it's flip free.

Being in this industry for so long gave me an immeasurable amount of knowledge to perform a good bit of other projects that I have the first run successfully out of the way. I tend to do every project 3-5x better the second time. So, long story short- I live in a 6yr flip and am striving towards a 30yr flip. And really, the market for move-in-ready is prompting a huge wave of corner cutting BS, that is undeniable. Maybe jacking interest rates again would shrink the issue, lol!

Probably more prolific in my stance on modern construction is that pretty much every house I work on (post 1950) is barely built to survive the term of a mortgage. There was a period (late 90's) that a lot of new construction projects actually had FOAM friggin' exterior walls! Grateful that that seemed to be a short lived trend.
Post 21 made on Saturday March 11, 2017 at 17:45
highfigh
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On March 11, 2017 at 12:58, Ernie Gilman said...
No, I'm saying that you completely recognize that it's friggin' cold out, so cold that you won't even go look deeply enough to be able to recognize what something is, but it doesn't occur to you that it's also too cold for the inspector to go out there, or anywhere else at ambient temperature, and do a thorough job inspecting. He may be thinking, "do I look at this for a few more minutes or do I go inside and lessen the risk of frostbite? Effit!"

Here in the tundra, we know how to dress for the weather and we don't think 50 degrees is cold.
My mechanic told me, "I couldn't repair your brakes, so I made your horn louder."
Post 22 made on Saturday March 11, 2017 at 17:53
highfigh
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On March 11, 2017 at 16:18, Don Heany said...
Probably more prolific in my stance on modern construction is that pretty much every house I work on (post 1950) is barely built to survive the term of a mortgage. There was a period (late 90's) that a lot of new construction projects actually had FOAM friggin' exterior walls! Grateful that that seemed to be a short lived trend.

I worked on a condo that was being remodeled and needed to feed speaker wires for the patio. I pressed the tip of the drill bit into the siding, squeezed the trigger, it went through the vinyl and when it passed through the rest of almost nothing, I almost fell into the side. I went to the other side of the wall, part of which had been stripped on the inside, and saw drywall, vapor barrier, fiberglass, pink foam and outside of the pink foam was the siding. My first thought was W.T.F. is this crap?

If it had Tyvek, I didn't see any. They slammed this crap up, but must have paid the inspectors to look the other way.

The next house will be new, or a gut job. I'm tired of finding crap wrapped in shit.
My mechanic told me, "I couldn't repair your brakes, so I made your horn louder."
Post 23 made on Sunday March 12, 2017 at 11:32
Mac Burks (39)
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On March 11, 2017 at 12:58, Ernie Gilman said...
No, I'm saying that you completely recognize that it's friggin' cold out, so cold that you won't even go look deeply enough to be able to recognize what something is, but it doesn't occur to you that it's also too cold for the inspector to go out there, or anywhere else at ambient temperature, and do a thorough job inspecting. He may be thinking, "do I look at this for a few more minutes or do I go inside and lessen the risk of frostbite? Effit!"

Got it...so you are trying to calculate what an inspection company did back in December with what i am doing in February/March. This type of math might explain what happened between 2000-2008.
Avid Stamp Collector - I really love 39 Cent Stamps
Post 24 made on Thursday March 16, 2017 at 16:02
Bubby
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The house I am living in is a flip. I am the flipper. I am currently in year 12 of a 20 year project. But when I am done....... No wait, I don't think I will ever be done.
Post 25 made on Thursday March 16, 2017 at 17:24
Don Heany
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On March 16, 2017 at 16:02, Bubby said...
The house I am living in is a flip. I am the flipper. I am currently in year 12 of a 20 year project. But when I am done....... No wait, I don't think I will ever be done.

My man, lol! Joked with my wife and realtor that I'd likely die with a paint brush in my hand on this one.
Post 26 made on Thursday March 16, 2017 at 17:28
Old Man River
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I was going to do a nice reno on this house before we sold it, but the more sh*t I find, the more I'm ready to dress it up, hide everything that can be hidden, and unload it on some sucker and be done. Even if I did do everything right, the chances are good that whoever bought it would turn out to be total white trash, get hooked on heroin and destroy all my work anyway. Because, West Virginia.
Lord loves a workin' man; don't trust whitey; see a doctor and get rid of it.
Post 27 made on Friday March 17, 2017 at 10:30
GotGame
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On March 11, 2017 at 17:53, highfigh said...
I worked on a condo that was being remodeled and needed to feed speaker wires for the patio. I pressed the tip of the drill bit into the siding, squeezed the trigger, it went through the vinyl and when it passed through the rest of almost nothing, I almost fell into the side. I went to the other side of the wall, part of which had been stripped on the inside, and saw drywall, vapor barrier, fiberglass, pink foam and outside of the pink foam was the siding. My first thought was W.T.F. is this crap?

If it had Tyvek, I didn't see any. They slammed this crap up, but must have paid the inspectors to look the other way.

The next house will be new, or a gut job. I'm tired of finding crap wrapped in shit.

I ran into one of those last year. A builder remodeled this home. ( he committed suicide years ago) and the owner was doing a remodel of both floors. I ripped out a GE lighting system, Added all new speakers inside and out. The outside Bose speakers were 15 yrs old or more and were sagging a bit off the siding block. Into the trash they went.
When it came time to mount the Speakercraft speakers, the screws went through the siding block and hit nothing.
1" Pressed paper board over the studs, vinyl siding over that. Junk construction .
So now the speakers are not symmetrical on the back wall relative to the windows, but they're at least into studs now with 3" screws.
I may be schizophrenic, but at least I have each other.
Post 28 made on Saturday March 18, 2017 at 16:32
Don Heany
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On March 16, 2017 at 17:28, Old Man River said...
I was going to do a nice reno on this house before we sold it, but the more sh*t I find, the more I'm ready to dress it up, hide everything that can be hidden, and unload it on some sucker and be done. Even if I did do everything right, the chances are good that whoever bought it would turn out to be total white trash, get hooked on heroin and destroy all my work anyway. Because, West Virginia.

My wife's from Grafton, a good bit north of you. Place is depressing as hell but there is some serious industry there- Pratt & Whitney, Bombardier, the FBI, etc. But since coal left, it's been rough. Fracking hasn't really proved to be a big help either.
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