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cv2
ParticipantHow long does it take for you to save $80K?
Before 1996 or earlier, you always have to put 20% down unless with some special government programs. Looks like we are back to the future.
December 10, 2008 at 8:44 AM in reply to: UT weekend article on CityScape: smart bottom fisher? #313667ParticipantHi urbanrealtor, the article mentioned a plumbing problem. Although it claimed that they have found the problem and fixed it, since the old age of the building, it might be PVC pipes and eventually will need replacement to copper plumbing. Again, I have never been to the units and these are pure speculations.
December 10, 2008 at 8:44 AM in reply to: UT weekend article on CityScape: smart bottom fisher? #314025ParticipantHi urbanrealtor, the article mentioned a plumbing problem. Although it claimed that they have found the problem and fixed it, since the old age of the building, it might be PVC pipes and eventually will need replacement to copper plumbing. Again, I have never been to the units and these are pure speculations.
December 10, 2008 at 8:44 AM in reply to: UT weekend article on CityScape: smart bottom fisher? #314056ParticipantHi urbanrealtor, the article mentioned a plumbing problem. Although it claimed that they have found the problem and fixed it, since the old age of the building, it might be PVC pipes and eventually will need replacement to copper plumbing. Again, I have never been to the units and these are pure speculations.
December 10, 2008 at 8:44 AM in reply to: UT weekend article on CityScape: smart bottom fisher? #314079ParticipantHi urbanrealtor, the article mentioned a plumbing problem. Although it claimed that they have found the problem and fixed it, since the old age of the building, it might be PVC pipes and eventually will need replacement to copper plumbing. Again, I have never been to the units and these are pure speculations.
December 10, 2008 at 8:44 AM in reply to: UT weekend article on CityScape: smart bottom fisher? #314149ParticipantHi urbanrealtor, the article mentioned a plumbing problem. Although it claimed that they have found the problem and fixed it, since the old age of the building, it might be PVC pipes and eventually will need replacement to copper plumbing. Again, I have never been to the units and these are pure speculations.
December 9, 2008 at 9:14 AM in reply to: UT weekend article on CityScape: smart bottom fisher? #313295ParticipantI assume that their reserve is depleted right now and there are many delayed repairs that needs to be addressed now and in the near future. For instance, copper plumbing alone will cost about $5K/unit.
I totally agree with you that foreclosures in these type situations are a blessing in disguise to let people with financial means to fix it up. However, I do not see how investor will profit from this at the current market value of $70K and $90K.
December 9, 2008 at 9:14 AM in reply to: UT weekend article on CityScape: smart bottom fisher? #313650ParticipantI assume that their reserve is depleted right now and there are many delayed repairs that needs to be addressed now and in the near future. For instance, copper plumbing alone will cost about $5K/unit.
I totally agree with you that foreclosures in these type situations are a blessing in disguise to let people with financial means to fix it up. However, I do not see how investor will profit from this at the current market value of $70K and $90K.
December 9, 2008 at 9:14 AM in reply to: UT weekend article on CityScape: smart bottom fisher? #313682ParticipantI assume that their reserve is depleted right now and there are many delayed repairs that needs to be addressed now and in the near future. For instance, copper plumbing alone will cost about $5K/unit.
I totally agree with you that foreclosures in these type situations are a blessing in disguise to let people with financial means to fix it up. However, I do not see how investor will profit from this at the current market value of $70K and $90K.
December 9, 2008 at 9:14 AM in reply to: UT weekend article on CityScape: smart bottom fisher? #313704ParticipantI assume that their reserve is depleted right now and there are many delayed repairs that needs to be addressed now and in the near future. For instance, copper plumbing alone will cost about $5K/unit.
I totally agree with you that foreclosures in these type situations are a blessing in disguise to let people with financial means to fix it up. However, I do not see how investor will profit from this at the current market value of $70K and $90K.
December 9, 2008 at 9:14 AM in reply to: UT weekend article on CityScape: smart bottom fisher? #313774ParticipantI assume that their reserve is depleted right now and there are many delayed repairs that needs to be addressed now and in the near future. For instance, copper plumbing alone will cost about $5K/unit.
I totally agree with you that foreclosures in these type situations are a blessing in disguise to let people with financial means to fix it up. However, I do not see how investor will profit from this at the current market value of $70K and $90K.
December 8, 2008 at 10:52 PM in reply to: UT weekend article on CityScape: smart bottom fisher? #313530ParticipantI totally agree with you about the fair market value of $50K and $70K. Add on the $20K reserve repletion cost, that’s the current market value of $70K and $90K 🙂
December 8, 2008 at 10:52 PM in reply to: UT weekend article on CityScape: smart bottom fisher? #313561ParticipantI totally agree with you about the fair market value of $50K and $70K. Add on the $20K reserve repletion cost, that’s the current market value of $70K and $90K 🙂
December 8, 2008 at 10:52 PM in reply to: UT weekend article on CityScape: smart bottom fisher? #313583ParticipantI totally agree with you about the fair market value of $50K and $70K. Add on the $20K reserve repletion cost, that’s the current market value of $70K and $90K 🙂
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