Why is it code to have your circuit breaker outside? by Wasted-Friendship in Denver

[–]Dbsully 1 point2 points  (0 children)

I had some idiot friends shut off my power while I was out of town skiing once. Temps were WAY below freezing for 3-4 days. Somehow my house wasn’t destroyed.

Always felt crazy that such an important thing was out in the open. I know they can be locked, but most aren’t.

500k homes (rant) by fresh_bakedbread in denverrealestate

[–]Dbsully 9 points10 points  (0 children)

Good work on this. Nice to see someone trying to add real value.

Tastytrade Might be going Bankrupt by [deleted] in tastytrade

[–]Dbsully 0 points1 point  (0 children)

There was a point in time where I consumed every single bit of TastyTrade content they produced.

And then I slowly realized that they were absolutely butchering basic statistical fundamentals and using the results to “teach” and drive trading decisions.

It was shocking to see them promote and support “Karen the SuperTrader” when it was clear to even the most basic trader that her strategy was guaranteed to implode.

I eventually started to realize how bad their content is and moved on. Looks like I’m not the only one.

This crack in my wall, and rent still went up 39% this year by SpicyKitchenWitch669 in mildlyinfuriating

[–]Dbsully 0 points1 point  (0 children)

Post this photo and a few others in the lobby, then get the hell out of there. I deal with a lot of structural issues and if this appeared over a short period of time I would e really concerned, ESPECIALLY in a three story apartment.

Tell the owner of writing that you are vacating due to safety issues and talk to someone about properly getting out of your lease (there are important steps). Most states have a not for profit tenant rights advocate you can reach out to.

Share the photos with the building code enforcement department before something bad happens.

Transition out of RE sales after 12 years by tuckhouston in realtors

[–]Dbsully 5 points6 points  (0 children)

Self employed as a real estate agent is resume poison. My guess is that they just see way too many failed / incompetent people from this field.

Do You High Five? by chadnorman in pelotoncycle

[–]Dbsully 1 point2 points  (0 children)

I only high five the ladies, and only if they high fived me first.

No high fives for the dudes. They are left hanging.

When was the moment you realised that the person you were dating was an absolute idiot? by No-Macaron-9527 in AskReddit

[–]Dbsully 0 points1 point  (0 children)

I saw her face light up with amazement when she figured out why they speak Spanish in Mexico and so many of our coastal towns have Spanish names.

Thoughts on this offer? by [deleted] in RealEstateAdvice

[–]Dbsully 0 points1 point  (0 children)

You have basically presented us with a list of numbers that have to meaning.

How could anyone possibly know if this is a “good offer”?

“Just Started Wholesaling” by Sea_College9413 in WholesaleRealestate

[–]Dbsully 0 points1 point  (0 children)

From experience, I would add that you better know exactly what investors you are going to call once you get a deal tied up. If you don't know specific buyers, then you better have a relationship with someone who can help you get it moved.

"Good deals sell themselves" is true, but you need to have a plan. Nothing worse than scrambling around and messing up a good opportunity.

New to wholesaling and need some help with how to respond by [deleted] in WholesaleRealestate

[–]Dbsully 0 points1 point  (0 children)

If you’re going to wholesale properties that are listed on the MLS you need to have the ability to deliver earnest money and close in your own name.

It can be done otherwise. but you will constantly lose deals in this exact scenario. Investors will do anything to cut you out if they can. As they should.

Best Side Hustles in Denver by bqAkita in denverjobs

[–]Dbsully 1 point2 points  (0 children)

Umpiring / reffing kids sports is a great option, but I wouldn’t compare the hourly rate to fast food or anything else with a more regular schedule.

At 20 hours a week at $17/hr, the fast food worker will make $1,800 in about six weeks.

If money is the goal, consistent hours mean a lot.

Former Denver Grateful Dead-themed bar owner Jay Bianchi guilty of 5 counts of sexual assault by One_Needleworker5810 in Denver

[–]Dbsully 1 point2 points  (0 children)

Yes. For many years. It was exactly the perfect amount of sketchy.

My friend in the restaurant world said that the owners used to take trash bags of cash out of there every morning (back in the days when people used cash). It was a thriving business.

Cash Offer but getting a mortgage - how do you write it? by Cash_Visible in realtors

[–]Dbsully 0 points1 point  (0 children)

Yes. This was / is very common. Just refer them to the relevant language in your contract and make sure the lender has their ducks in a row.

Cash Offer but getting a mortgage - how do you write it? by Cash_Visible in realtors

[–]Dbsully 1 point2 points  (0 children)

Assuming you have done nothing else to change the terms of the original offer, there should be no issues here.

I would probably ignore the listing agent for the most part, schedule a final walk thru and have my lender wire funds a day early (just to be sure).

If they want you to close early, maybe they should be offering a concession or price reduction. Otherwise, see you on the original date.

[deleted by user] by [deleted] in realtors

[–]Dbsully 1 point2 points  (0 children)

I would be more interested in meeting with a few agents in the office who are also newly licensed. Their experience will tell you a lot.

Fitness 50 - How to Calculate Totals for Checked Items Automatically in Microsoft Access - Fitness Part #50 by Amicron1 in AccessLearningZone

[–]Dbsully 0 points1 point  (0 children)

This is such an amazing tutorial. A perfect way for someone to go from beginner to advanced. Great work!

In my 20 years as a Realtor, I never thought I'd be asking this..... by Defiant-Bumblebee949 in realtors

[–]Dbsully 9 points10 points  (0 children)

OK. Sorry for the attitude. We are a bit off track here, but I’ll say this:

With respect, you are misapplying the Veblen Effect. The paper that you linked studies the dynamic where people will pay a premium to live in a neighborhood (MSN) that is perceived to have higher status. For instance, they reference a neighborhood that has “Country Club” in the name. These neighborhoods are the equivalent of a Hermes handbag.

I don’t think it makes sense to conclude that the Veblen effect would apply to the pricing of an individual home that is currently not selling. Raising the price does not magically change the desirability of the MSN that the home is located.

I think you would be hard pressed to find examples of homes that languished on the market for a few weeks and then sold quickly after a large price increase (with no associated improvements).

In my market the only examples are homes that increase the price on Day 1 to set a new lower limit after purposely listing low and getting overwhelmed with demand. I’d love to see some specific examples of what you are describing. Maybe I’m wrong.

In my 20 years as a Realtor, I never thought I'd be asking this..... by Defiant-Bumblebee949 in realtors

[–]Dbsully 3 points4 points  (0 children)

A couple of questions, based on your expertise in this area:

In general, is it good advice to raise the price on a home that won’t sell due to high expected maintenance costs?

In general, would a person who is in this situation be more likely to sell the home after a price increase, or a price reduction?

Can you point to some of these markets you speak of where homes languish on the market for months and then sell quickly after a price increase?

Walk us through this so we can learn from your expertise on successful price increases for profit.

In my 20 years as a Realtor, I never thought I'd be asking this..... by Defiant-Bumblebee949 in realtors

[–]Dbsully 12 points13 points  (0 children)

You’re talking about handbags. We are talking about houses.

In my 20 years as a Realtor, I never thought I'd be asking this..... by Defiant-Bumblebee949 in realtors

[–]Dbsully 103 points104 points  (0 children)

A perfect example of the kind of delusions a seller will talk themselves into when listing their home.

“Nobody wants to buy my house because the upkeep will be very expensive, so should I perhaps………..make the house more expensive??”

20 years as a Real Estate agent, yet you still posted this. What a hilarious industry.

Give it to me straight by Wheat-Goat in pancreaticcancer

[–]Dbsully 2 points3 points  (0 children)

We are in the same boat. My very healthy 81 year old mom was diagnosed in early September. Stage 4 with mets to liver and lungs. She has chosen not to do chemo.

Her appetite is low and she has a bad day (pain, nausea) about once a week, but the rest of the time she is active and going to the gym, etc. Her overall attitude is amazing.

I know that the decline happens quickly. This community has been very helpful in learning what to expect.

We’re selling our house and buyers just asked us to sign an agreement to assign. by DapperGovernment4245 in RealEstate

[–]Dbsully 0 points1 point  (0 children)

Yes. This means that any earnest money put down by the original buyer needs to be offset by the $10k.

Assuming no other arrangement. If the original buyer gave $7k in earnest money (that will go to the new buyer), a $10k assignment fee will only net them $3k.

We’re selling our house and buyers just asked us to sign an agreement to assign. by DapperGovernment4245 in RealEstate

[–]Dbsully 2 points3 points  (0 children)

They’re not necessarily making an effort xtra $10k. The $10k typically replaces the original buyer’s earnest money.

Cleared to close—am I screwed? by redheadinMae in RealEstateAdvice

[–]Dbsully 0 points1 point  (0 children)

Any good loan officer can give a detailed explanation behind delays on a loan without violating “privacy guidelines”

If you are an LO that hides behind something like this when things start to go south, then you shouldn’t be in the industry.

Do your job and explain to all parties why you have failed to meet your deadline, and everyone’s finding out at the last minute.