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05-01-2021, 10:29 PM
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#18451 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Nov 2006 Location: vancouver
Posts: 3,515
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| Quote:
Originally Posted by donk.  Forum OGs, if you had a rental condo, and owed 260k on it, and todays value was 520k
Lets say 30k realtor/legal fees to sell
Walk away with 230k
Would you sell, buy another 400k place @ 80K down, rent it out
Blow 100k on your dream car
Or just keep it rented | Heloc against the condo,
Put 80k towards 400k place
Put remaining 60k on car
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05-01-2021, 11:59 PM
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#18452 | | I contribute to threads in the offtopic forum
Join Date: Jun 2012 Location: Vancouver
Posts: 2,737
Thanked 3,242 Times in 861 Posts
Failed 136 Times in 59 Posts
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Don't forget those lovely cap gains
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05-02-2021, 12:58 AM
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#18453 | | Willing to sell body for a few minutes on RS
Join Date: Aug 2002 Location: Vancouver
Posts: 10,245
Thanked 3,270 Times in 1,274 Posts
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HELOC for dream car? But then he has to continue paying the loan for the rental condo, and now for the car as well, even if it’s just the interest portion?
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Do Not Put Aftershave on Your Balls. -604CEFIRO
Looks like I'm gonna have some hot sex again tonight...OOPS i got the 6 pack. that wont last me the night, I better go back and get the 24 pack! -Turbo E
kinda off topic but obama is a dilf - miss_crayon
Honest to fucking Christ the easiest way to get a married woman in the mood is clean the house and do the laundry.....I've been with the same girl almost 17 years, ask me how I know. - quasi
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05-02-2021, 07:03 AM
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#18454 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,756
Thanked 32,637 Times in 7,615 Posts
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Yeah but regardless, if he sells, cashes in then puts 80k down on a 400k place, his mortgage is increasing 60k anyways, and 30k in fees, he’s still going to need to pay a larger mortgage.
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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05-02-2021, 12:06 PM
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#18455 | | Need to Seek Professional Help
Join Date: Mar 2004 Location: Vancouver
Posts: 1,098
Thanked 48 Times in 20 Posts
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Anyone got any recommendations for a Pre-purchase Inspection? The townhouse is located in willoughby area. Thanks
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S L O W P O K E
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05-02-2021, 12:30 PM
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#18456 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jul 2006 Location: Vancouver
Posts: 5,329
Thanked 2,975 Times in 1,275 Posts
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| Quote:
Originally Posted by iambuRnz Anyone got any recommendations for a Pre-purchase Inspection? The townhouse is located in willoughby area. Thanks | I Find It inspectors. https://www.ifinditinspections.ca/
They have been recommended earlier in the thread, and I also used them for my inspection. Very happy with Levin, who was my inspector for my townhome purchase.
__________________ Quote:
Originally Posted by PeanutButter Damn, not only is yours veiny AF, yours is thick AF too. Yours is twice as thick as mine.. That looks like a 2" or maybe even 3"? | | |
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05-02-2021, 04:43 PM
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#18457 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,798
Thanked 2,014 Times in 1,069 Posts
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Mike zagarra? I think his name is. Did a few places and he seems pretty thorough
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05-02-2021, 04:49 PM
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#18458 | | Rs has made me the man i am today!
Join Date: May 2007 Location: New West
Posts: 3,161
Thanked 1,341 Times in 557 Posts
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Originally Posted by Sw0op Just sounds like you want to blame the realtor for your lack of research/DD tbh
Have seen places go unsold for months and relisted and sold over ask suddenly cuz the market flipped a switch and went from cold to hot
If I knew the place I would be bidding on was listed for awhile I would just start the negotiations at a lower price point but all the building checks and all that’s mostly on the seller with maybe some input from the realtor | I understand having to do your own due diligence with such a big purchase, but isn't the job of a realtor to look out for you and do some of that research, if not for you, at least with you?
Don't know how you can defend the realtor for not at least presenting these basic facts about the listing to his client. Regardless of whether he thinks it will help negotiations or not, that's not up for the realtor to decide
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05-02-2021, 08:38 PM
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#18459 | | Need to Seek Professional Help
Join Date: Mar 2003 Location: Vancouver
Posts: 1,091
Thanked 164 Times in 83 Posts
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they're supposed to act in your best interest but do you really trust most of these agents that are out there anyways? in the end, the onus is on the buyer...strata ain't coming after your agent if there's any issues. the realtor likely presented the basic facts as in the strata docs but whether or not the buyer read it, its up to them.
plus its also very subjective. an issue for a buyer may not be so much an issue for the realtor if this is common (and the buyer doesn't understand or want to live with it).
gotta think no one cares more for your money than yourself...these people are agents...not your parents
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05-03-2021, 11:03 AM
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#18460 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,647 Times in 1,021 Posts
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| Quote:
Originally Posted by Fafine Heloc against the condo,
Put 80k towards 400k place
Put remaining 60k on car | You won't qualify for the $400k place though right?
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2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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05-03-2021, 11:44 AM
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#18461 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,798
Thanked 2,014 Times in 1,069 Posts
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Always do mortgage lending first > car loans
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05-03-2021, 09:02 PM
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#18462 | | in the butt
Join Date: Aug 2016
Posts: 2,882
Thanked 3,659 Times in 1,331 Posts
Failed 170 Times in 93 Posts
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Originally Posted by Gerbs You won't qualify for the $400k place though right? | Ive already burned 75k of heloc, to purchase my 2nd property, they approved me for 430k (lived in for a few months, rented out now) only paid 370k
My question was more of a general what would you do
Also, ive never had a car loan, something about "owning" your car is priceless to me, not sure how i feel about having 100k heloc for my dream car 
Goals now: pay off remaining heloc, go for #3, or like guys above said, just blow my load on my dream car
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna.
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05-03-2021, 09:15 PM
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#18463 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,828
Thanked 17,623 Times in 5,902 Posts
Failed 291 Times in 187 Posts
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Have you tried your dream car out?
I've had quite a few dream cars and that saying about "Never meet your heroes" has always hit me in the face every time so far... somewhat thankfully I suppose haha
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05-03-2021, 09:22 PM
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#18464 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
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After dropping all the dough I could muster at exotics racing in Vegas and riding in my dads buddies GT2RS, dream car will have to be by home as well lol
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Dank memes cant melt steel beams
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05-05-2021, 01:43 PM
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#18465 | | 14 dolla balla aint got nothing on me!
Join Date: Nov 2006 Location: Vancouver
Posts: 635
Thanked 71 Times in 40 Posts
Failed 13 Times in 8 Posts
| Quote:
Originally Posted by donk. Forum OGs, if you had a rental condo, and owed 260k on it, and todays value was 520k
Lets say 30k realtor/legal fees to sell
Walk away with 230k
Would you sell, buy another 400k place @ 80K down, rent it out
Blow 100k on your dream car
Or just keep it rented | don't you have to factor in capital gain tax?
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05-05-2021, 02:49 PM
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#18466 | | in the butt
Join Date: Aug 2016
Posts: 2,882
Thanked 3,659 Times in 1,331 Posts
Failed 170 Times in 93 Posts
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Originally Posted by Y2K_o__o don't you have to factor in capital gain tax? | Was purchased for 375k, lived in for a year, "deemed disposition" at 450k, todays "value" of 520k, so i would only be paying tax on 70k. Would be around 13k in tax.
Make it 43k legal, relator, tax Quote:
Originally Posted by 68style Have you tried your dream car out?
| I dont think someones gonna let me drive their NSX without 100k in my pocket 
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna.
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Last edited by donk.; 05-05-2021 at 02:55 PM.
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05-06-2021, 12:11 PM
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#18467 | | private modder
Join Date: Feb 2002 Location: North Shore
Posts: 6,878
Thanked 2,838 Times in 802 Posts
Failed 47 Times in 35 Posts
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Interesting.
Buyer signs purchase agreement. Then ghosts. Forfeits deposit of $70k to the seller.
Now the RE brokerage representing the seller is suing the seller for their commission, even though the deal never closed. The commission is coincidentally the entire deposit. https://www.cbc.ca/news/canada/briti...suit-1.6015748 | |
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05-06-2021, 12:35 PM
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#18468 | | I subscribe to Revscene
Join Date: May 2001 Location: Vancouver
Posts: 1,980
Thanked 181 Times in 66 Posts
Failed 42 Times in 9 Posts
| Quote:
Originally Posted by Eff-1 Interesting.
Buyer signs purchase agreement. Then ghosts. Forfeits deposit of $70k to the seller.
Now the RE brokerage representing the seller is suing the seller for their commission, even though the deal never closed. The commission is coincidentally the entire deposit. https://www.cbc.ca/news/canada/briti...suit-1.6015748 | nothing good comes out of ghosting a legal binding contract.
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05-06-2021, 12:37 PM
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#18469 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,828
Thanked 17,623 Times in 5,902 Posts
Failed 291 Times in 187 Posts
| Quote:
Originally Posted by Eff-1 Interesting.
Buyer signs purchase agreement. Then ghosts. Forfeits deposit of $70k to the seller.
Now the RE brokerage representing the seller is suing the seller for their commission, even though the deal never closed. The commission is coincidentally the entire deposit. https://www.cbc.ca/news/canada/briti...suit-1.6015748 | Wow... one would think the common sense approach would be for the realtor to take his % from the deposit obtained... I can see why the seller shouldn't just get a windfall... but the original commission? Nayyyy... a little patience the realtor will get his payday when it sells to a real buyer... why ruin your rep and your agency's rep over 1 deal???
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05-06-2021, 12:41 PM
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#18470 | | RS has made me the bitter person i am today!
Join Date: May 2005 Location: 604
Posts: 4,512
Thanked 1,730 Times in 549 Posts
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Originally Posted by 68style Wow... one would think the common sense approach would be for the realtor to take his % from the deposit obtained... I can see why the seller shouldn't just get a windfall... but the original commission? Nayyyy... a little patience the realtor will get his payday when it sells to a real buyer... why ruin your rep and your agency's rep over 1 deal??? | https://soldbyfabian.com -realtor suing the seller.
Dumbass move to try to make 70k (probably half of it will be towards legal fees). I'm sure a lot of folks trying to sell or buy will steer away from him now.
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05-06-2021, 01:02 PM
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#18471 | | Waxin’ Punks
Join Date: Jun 2006 Location: South Surrey
Posts: 7,217
Thanked 6,101 Times in 2,111 Posts
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Fucking realtors.. once upon a time I thought about getting into it. Have always wondered how successful I’d have been. The reason I didn’t, is my mother in law said I was too honest to be successful.
She’s a realtor.
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If you drive like an asshole, you probably are one. Quote:
Originally Posted by MG1 punkwax, I don't care what your friends say about you, you are gold! | Quote:
Originally Posted by mikemhg What do your farts sound like then? | | |
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05-06-2021, 01:09 PM
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#18472 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
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you know a realtor named Fabian is pure slime 
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Dank memes cant melt steel beams
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05-06-2021, 02:14 PM
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#18473 | | Rs has made me the woman i am today!
Join Date: Mar 2006 Location: Vancouver
Posts: 4,297
Thanked 3,103 Times in 1,438 Posts
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Originally Posted by Hondaracer you know a realtor named Fabian is pure slime | His mugshot does him no justice either.
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05-06-2021, 02:26 PM
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#18474 | | RS has made me the bitter person i am today!
Join Date: May 2005 Location: 604
Posts: 4,512
Thanked 1,730 Times in 549 Posts
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Looks like the guy has zero listings under his name... No wonder he's so desperate for that 70k.
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05-06-2021, 07:56 PM
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#18475 | | RS.net, where our google ads make absolutely no sense!
Join Date: Jan 2007 Location: GVA
Posts: 906
Thanked 337 Times in 123 Posts
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The people in the thumbnail for his ad reel don't look very satisfied  | |
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