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Doc's Reef BuildTank Showcase Create a showcase thread for your tank in here! (Please only create one thread per tank to keep the category easy to browse) |
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#31
September 28th, 2007, 01:41 AM
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Re: Dr Marco's Reef Build
I am moving a touch north to Lindon. The house was going into foreclosure because of the crazy hike in interest rates, the owner could not pay their mortgage anymore. It was due for auction the next day I made my offer. It was in a short sell, which, for those of you who are into finance means that the bank is about to own it and they are willing to take a substantial loss on the property. I am still psyched. I will walk into the home with just about $40,000 in equity and I am not putting anything down on it. YAY!
As for the big tank room, it is carpeted, but underneath the carpet, it is cement. No sub-basement or anything. Just cement - capable of holding 4 elephants - or something like that. Winy, I will post pics as soon as I can, but the current owners are in til after this weekend. I can get my camera in next week, since I have to measure rooms for new flooring. I think I will be a traditionalist and stick with MJ900's for current. Thanks for the idea though Winy. -Dr Marco  Current Aquarium(s) Description: 210 gal "Shark Reef" With Angelfish and 90 gal reef tank Experience in Saltwater & Reef Aquarium Hobby: long enough to know I have a lot to learn 
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#32
September 28th, 2007, 03:19 AM
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Re: Dr Marco's Reef Build
Congratulations on the new house Doc.I'm sure you bounceing off the walls.
Just a little tip, you might want to make sure that concrete floor is thick enough and re-bared for that 1000 gallon tank.I'd hate to read where it caused the floor to crack or worse,crack and dump your tank. Hell,if it wasnt for the drive,I'd offer to come help you move. well that and the wife just wouldnt understand.
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Hunt hard,shoot straight,kill clean,apologize to no one. Current Aquarium(s) Description: 75gal. reef,NE T-5s 432 watt ,CSS65 skimmer,Pro-Clear 125 wet/dry with mag5 return Experience in Saltwater & Reef Aquarium Hobby: Little over a year Other Intrests: Hunting,camping,fishing
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#33
September 28th, 2007, 04:27 AM
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Re: Dr Marco's Reef Build
as much as I had to admit it, I don't know if I realistically will try to fit a tank that size in my basement. Yote, thanks for the tip. More likely, I will probably get a 300-500 gallon tank. As much as I want a 1,000, it is more of a pipe dream. I am not sure if I can talk my wife into letting me get a $5,000 tank - that is without the stand or equipment. Who knows. Having the space is the first step.
-Dr Marco Current Aquarium(s) Description: 210 gal "Shark Reef" With Angelfish and 90 gal reef tank Experience in Saltwater & Reef Aquarium Hobby: long enough to know I have a lot to learn
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#34
September 28th, 2007, 04:48 AM
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Re: Dr Marco's Reef Build
Wife schmife. You're Mormon. Just tell her that if she doesn't let you get the tank you want, you will get yourself another wife that will!
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"If we went to a Halloween party dressed as Batman and Robin, I'd go as Robin. That's how much you mean to me... " Sarah 
Current Aquarium(s) Description: 240-gallon reef with a 55-gallon sump and 35-gallon refugium Experience in Saltwater & Reef Aquarium Hobby: 7 years
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#35
September 28th, 2007, 04:51 AM
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Re: Dr Marco's Reef Build
ooh! I love tank builds! since I can't afford one of my own right now, I have to live vicarously through everyone else's
__________________
Detritus Happens! Current Aquarium(s) Description: 55 gallon reef Experience in Saltwater & Reef Aquarium Hobby: since january 07
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#36
September 28th, 2007, 05:32 AM
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Re: Dr Marco's Reef Build
congrats on the house, keep us posted on your progress and move in.
Current Aquarium(s) Description: 150 gal all glass megaflow Experience in Saltwater & Reef Aquarium Hobby: 30 yrs Other Intrests: salt water fish and reef subjects
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#37
September 28th, 2007, 07:09 AM
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Re: Dr Marco's Reef Build
Quote:
hey doc, i'm in the business, plan on waiting atleast 3 weeks to get an answer from the bank. more than likely the contract you submitted is in the hand of an attorney and they get paid by the hour = more time. do you know if the home has a first and second mortgage??? this makes a big difference. also, inquire with your realtor about a hardship case. if they don't know what this is they'll have a fun time learning about it. they'll have to fully understand this process to serve you well in a situation like this. i'm dealing with several of them myself. the first of many in a fallout of the subprime market. anyhow, food for thought. remember, keep your agent on their toes in a situation like this, otherwise they tend to lose their step. they can do a lot of footwork and even call the lenders. if they have a title company they can look up mortgages, and if they're really good...........like me  ...........can even get in touch with the attorney's that are handling them. the point is pressure....... oh, and it's a short sale, not short sell. PM me if you have any questions, i'm always available to help with a contributor such as yourself. quiz your agent, see what they know.Current Aquarium(s) Description: 75 gallon bowfront salt(RETIRED), 125 gallon saltwater reef tank, 30 gallon sump, 10g office fresh Experience in Saltwater & Reef Aquarium Hobby: About 2 Years Other Intrests: Anything fast, this doesn't apply to saltwater aquariums.
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#38
September 28th, 2007, 07:21 AM
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Re: Dr Marco's Reef Build
since you are in the business, you will appreciate the craziness of this deal. I made a seriously low-ball offer to the seller yesterday at 10am. I heard back from the seller AND the bank before 4pm. Yes, that is correct before 4pm the same day. My agent told me to expect 2-3 weeks and lots of crap. The seller and the bank entered into a written contract this morning and THEY set the date for October 15th. I already have my loan in place and all I need from my lender is the appraisal and I am set on my end. The house inspection is Monday at 1pm. They bit at my offer, I think, because I asked for no seller concessions and I am willing to pay my own closing costs. Anyway, the bank is SUPER motivated to sell. The property is only 6 years old and there are no signs of mold and the inspector is also doing a meth test. I am just a touch nervous cuz it seems too good to be true. Anyway...
New tank in a few short weeks. I will post pics of the stand tomorrow -Dr Marco Current Aquarium(s) Description: 210 gal "Shark Reef" With Angelfish and 90 gal reef tank Experience in Saltwater & Reef Aquarium Hobby: long enough to know I have a lot to learn
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#39
September 28th, 2007, 07:29 AM
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Re: Dr Marco's Reef Build
ah doc, don't take this the wrong way, but just try to sit on your hands a bit longer. if there's a second mortgage they will lose out to the first mortgage. this makes things a bit more difficult. find that out. a hardship case must then be established. what kind of mortgage is the owner dealing with? there's not a lender out there not super motivated. make sure you don't incur any additional closing costs with this purchase. I STRESS THAT! don't offer to pay any of their closing costs. more than likely there will be accrued interest, late penalties and all sorts of other things they can stick you with. your agent should have informed you of this. being in the business i can appreciate somthing like what you've got, but.......... if it's too good to be true it usually is. Something that holds true when money gets involved. Just don't let them stick it to you was the point of my last reply. Cover you A$$ my friend. It's a crazy market out there.
Current Aquarium(s) Description: 75 gallon bowfront salt(RETIRED), 125 gallon saltwater reef tank, 30 gallon sump, 10g office fresh Experience in Saltwater & Reef Aquarium Hobby: About 2 Years Other Intrests: Anything fast, this doesn't apply to saltwater aquariums.
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#40
September 28th, 2007, 07:31 AM
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Re: Dr Marco's Reef Build
oh ya, getting an immediate response from the bank is almost unheardof. be leary, people will feed you all sorts of BS if they know you're on their arse. if it's coming from your agent just be cautios and not get your hopes up. There's always an attorney involed.
Current Aquarium(s) Description: 75 gallon bowfront salt(RETIRED), 125 gallon saltwater reef tank, 30 gallon sump, 10g office fresh Experience in Saltwater & Reef Aquarium Hobby: About 2 Years Other Intrests: Anything fast, this doesn't apply to saltwater aquariums.
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