Well the California deal unraveled. My backend number was a solid $150k in a great neighborhood a small 3/1 with garage conversion, pool and spa. Stucco exterior with brick half way up (I don't know what that's called) The house was built in the early 60's. Hardwood floors, but funky carpet in the bathroom and kitchen. New roof. Under contract for 90K. about 9 to 11k repairs. (because of the pool). It wouldn't wholetail because after replacing the windows and patching the stucco and painting just the front of the house, it would be retail. Retail is selling for 160K+ so I figured a quick sale I would go 150K.
The homeowner had started replacing windows and left about 4 inches of bare exterior all the way around and then they placed goo on the exposed edges of the stucco to waterproof it (Didn't work) They used the same goo on a vertical seam on the roof (should have been flashing).
My original walk thru with my Contractor Brother in Law noted this stuff and we had conservative numbers. Except for the pool... It had like a tilt up framed wall laying over the pool , 2x6 frame with black plastic and 3 inch square welded livestock wire panels over it. And, they made it right, I was impressed. We couldn't lift it, it would have to be cut apart, with wire and staples falling in the pool, yay. So we estimated 5k for the pool.
On my way home from the airport (from Vegas) Tim and I stopped by the house to give him a look at the pool which was bugging me. We walked in the house and all we smelled was mold. It had rained a couple days before. So, the roof goo and the wall goo wasn't working to keep the water out. I called the agent to kill the deal. She suggested a price reduction so we did that.....it didn't fly and the deal is no longer. I still plan on following it to see what they do with the pool.
I have Videos of all of this but no stills. My next one, I will take some stills.
I'm looking at a new target area, not much inventory. Been busy with those KEYS :)
Vegas is gettin' weird....my agent turned into an investor......I submitted several offers, I thought she submitted them, two days later she said we would discuss them and figure out how I came up with my numbers. WHAT??!! No, no, no, no. sigh. ...so now I have a new agent.
I'm trying to close one and sell it by the end of the year. 5 would be good, but I'm focusing on just one right now. :)
Keep listening to T.Harv Eker!
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