ilmscore | Should I Buy A Gas Station?

Should I Buy A Gas Station?

Predictions from this Video

Total: 24
Correct: 0
Incorrect: 0
Pending: 24
Unrated: 0
Prediction
Topic
Status
Real estate values have increased by 50-60%, leading to a scarcity of houses for sale.
"real estate's up like 50 or 60% and I get messages every single day that you can't buy anything like there are no houses for sale"
Real Estate
Pending
A very dilapidated house is expected to be profitable to renovate.
"this is by far the worst house here see if we hear any scurrying I think we're okay we'll have to watch our step in this one oh wow what do you smell Eric smells bad smells bad it's not human urine it's the smell of money that's what money smells like to me cuz there's going to be a lot of money to be made in here"
Real Estate
Pending
Roof leaks will significantly decrease the value of a property.
"the big thing is to figure out if there's roof leaks if there's roof leaks on here it's going to change the value considerably in a negative way"
Real Estate
Pending
A double-wide trailer on its own land is priced at $35,000.
"standard double wide trailer for $3 $35,000 and it comes with a land that sits beneath it"
Real Estate
Pending
Empty foreclosed houses are often found with pennies scattered on the floor.
"so there's pennies all over the floor I don't know what it is about real estate and people leaving money all over the place but there's always pennies and empty foreclosed houses"
Real Estate Investment
Pending
A plan to convert a gas station into a large vending machine business.
"Sean wanted to partner with me on buying this as a gas station and turning it into effectively gigantic vending machine"
Business Strategy
Pending
Obtaining a liquor license in Ohio is difficult and can cost around $150,000.
"liquor licenses really aren't easy to get in state of Ohio we had tried to get it for about $150,000"
Liquor Licenses
Pending
A business concept involving only vending machines (beer, cigarettes) to reduce robberies.
"concept of maybe doing a just nothing but vending machines in here beer vending Machin machines cigarette vending machines just to limit the amount of robberies going on in this place"
Business Strategy
Pending
Robberies have resulted in hundreds of thousands of dollars in lost revenue, causing the closure of a business.
"the robberies cost hundreds of thousands of dollars in loss revenue for the place and that's why it's closed"
Real Estate
Pending
A quarter to a third of an acre lot in a subdivision was acquired in exchange for NFT tokens.
"this is my quarter acre or onethird of an acre uh lot in a subdivision that I traded this lot for some nft tokens"
Real Estate
Pending
A token will be released to sell a portion of a YouTube channel's laundromat presence, allowing subscribers to gain equity.
"we're going to release a token that's going to sell part of my YouTube channel off specifically my laundromat the digital presence of the laundromat we're going to allow our subscribers to purchase that and have some equity in the business"
Cryptocurrency
Pending
A developer traded a building lot for NFT tokens after liking the idea of tokenizing a YouTube channel's laundromat business.
"friend of mine that was the original developer on the subdivision liked that idea so much he said would I want a building lot and trade for some tokens so I gave him some tokens and he gave me this lot"
Real Estate Development
Pending
Brandon Schlier, a neighbor, is attempting to resolve an issue related to excavation on his property.
"this is Brandon schlier I am the uh neighbor here on North Brown L Street um I've got down here to try and figure out what to do and how to resolve the issue"
Real Estate
Pending
A lot is being sold and listed, and the city is measuring it, implying potential zoning or boundary issues.
"I'm selling that lot I've listed it and I got to get it cut because the cities out there measuring My Graph yeah I know that they are"
Real Estate
Pending
A property owner is willing to accept $7,000 cash immediately.
"cash in hand today I'll take seven"
Real Estate Transaction
Pending
A real estate deal is being negotiated for $5,000, with one party covering closing costs and the other's commission.
"you and I talked about five before right yes you played the closing cost because she she's a friend of mine okay and I've bought several properties with her okay she my commission I'll tell you straight up and honest my commission on that her Commission on that 5% okay you pay five and her Commission of 250 and not cash and I'll take it okay $5,000"
Real Estate Transaction
Pending
Despite unhappiness, the speaker will proceed with buying a lot and will provide a formal contract.
"I'm going to buy this stupid lot I'm not very happy but it is what it is I've got to give her an actual Bonafide contract on the property but get it done"
Real Estate
Pending
New old-fashioned parking meters have been installed; the speaker believes they will be profitable, citing an example in Circleville.
"the city recently put in oldfashioned parking meters no one keeps change on them so I'm excited that I can put money on something do you think parking meters are profitable oh yeah in Circleville"
Parking Meters
Pending
A private parking company is illegally issuing fines and threating towing for unpaid meter fees.
"there's a private parking meter company and if you don't feed their meter they put a fine on your car even though it's not legal so they essentially put false tags on people's cars saying your car is going to be impounded they have no legal right to to do that it's really hilarious it's almost extortion"
Private Parking Enforcement
Pending
A duplex and house apartment complex was purchased for $250 down, with a $442 monthly mortgage, $200 for taxes/insurance, and generates $50,000/month in income.
"this is my monthly mortgage payment that I pay on the apartment complex I bought for $250 I figured I'd show you the guys here I pay $442 um a month as a mortgage payment my taxes and insurance run maybe another $200 a month and uh this is the apartment complex it's a duplex plus a house I bring 50 $0000 a month off of it"
Real Estate Investment
Pending
An apartment complex was acquired for $250 down by taking over the mortgage and agreeing to pay back taxes over two years.
"I only paid $250 down for it they were really far behind on their taxes so I got them to agree to sell me the property for $250 I had to take over the mortgage payment and get the the back taxes caught up I signed an agreement with the county to catch them up over a 2year 2year process"
Real Estate Deal
Pending
A property with septic issues and a hole in the yard has a listing agreement, and the speaker is trying to secure it before others.
"it ends up even though there's no sign and it's not on the MLS they did sign a listing agreement yesterday to do it so I'm trying to avoid anybody else from buying a a septic sewage mess with a hole in the yard"
Real Estate
Pending
The immediate priority after securing a property is to fill in a hole in the yard to prevent accidents and negative public relations.
"so we get the whole filled in so so we don't have a child from the community fall down cuz that would be really bad PR for me"
Real Estate
Pending
Under Ohio law, anything can be included in a real estate contract, including a horse that was in a field with the property.
"under Ohio law you can ask for anything in contract I was a part of a deal years ago where we asked for a horse there was it was a field and there was a horse in the field like I want the horse to offered and we wanted the horse with the property"
Real Estate Contracts
Pending