On 9/22/2017 7:44 PM, John Kuthe wrote:
> On Friday, September 22, 2017 at 7:40:36 PM UTC-5, Alex wrote:
>> John Kuthe wrote:
>>> On Friday, September 22, 2017 at 12:29:32 PM UTC-5, Ed Pawlowski wrote:
>>>> On 9/22/2017 11:58 AM, Casa de Masa wrote:
>>>>> On 9/22/2017 9:28 AM, John Kuthe wrote:
>>>>>> On Thursday, September 21, 2017 at 12:05:49 PM UTC-5, Gary wrote:
>>>>>> ...
>>>>>>> Don't we have a "sell as it is" thing here? Owner doesn't want to
>>>>>>> improve anything, just sell. And buyer knows about the required
>>>>>>> things to fix. They pay less and fix up themselves. Is this not
>>>>>>> true?
>>>>>>>
>>>>>>> If a seller just want's to unload a house, there should be no
>>>>>>> govt requirement to fix things first as long as the problems are
>>>>>>> stated out front and the buyer agrees to it (and the reduced
>>>>>>> price)
>>>>>> If the house was NOT OCCUPIED this MAY have been the case. But because
>>>>>> it IS occupied this house must pass an Occupancy Permit INspection
>>>>>> before being legally transferred to a buyer's possession, in this case
>>>>>> ME! And because the cheap Chinese landlord(s) just want to get out
>>>>>> from under this house for as much cash as they can get, we settled on
>>>>>> a cash as-is sale price of $108,000!
>>>>>>
>>>>>> Why is it SO HARD for folks here to understand that? The cheap Chinese
>>>>>> landlord(s) don't want to put any money into this house to "fix it up"
>>>>>> and I DO!
>>>>>>
>>>>>> In fact I just signed a roofing "repair and RESTORE" estimate for
>>>>>> $113,671 from Old World Roofing company here in STL who DOES restore
>>>>>> these old red clay tile roofs like we have a lot of here in STL!! See?
>>>>>>
>>>>>> http://oldworldroofingco.com/Home_Page.html
>>>>>>
>>>>>> John Kuthe...
>>>>>>
>>>>> OMG!!!!
>>>>>
>>>>> You put MORE into the roof than the whole house?
>>>>>
>>>>> Dude, you're underwater right NOW!
>>>> Maybe once restored it will be worth $500,000.
>>> No, not that much. My buyer's agent ran "comps" on properties in my area of Bel Nor and NO PROPERTIES in the area came up to $500,000. Maybe $200,000ish.
>>>
>>> But it's gonna ROCK! And last! And look VERY COOL!
>>>
>>> John Kuthe...
>>
>> So you will have well over $225K in a house worth $200K? That's bad
>> economics.
>
> It's not ALL about economics!! It's about saving a house! A BEAUTIFUL house!!
>
> https://scontent-ort2-2.xx.fbcdn.net...b0&oe=5A48FDC7
>
> John Kuthe...
>

It is quite attractive!

But the roof looks fine from the pic - where is over $100K in repairs at?