First deal and it’s out of state. Yikes!!

[Liam ONeill]

What can I say? After obsessively listening to BiggerPockets and similar podcasts. Reading some books , talking to out of state agents, Property managers, an attorney and a lender all in a market out of state. I've done so much research and still skipped some crucial steps. Waived inspection 🤦🏼‍♂️ . After seeing pictures and checking the numbers. I finally pulled the trigger on a wholesale deal with plans to BRRRR it.

So far. I’ve closed on the property with cash.

I sent my PM over to do a walk through the day after closing and Bam. We have a problem. The old owner is still living there. We contact the seller and he informs us she asked for an extra week the day of closing but he never brought it to our attention. Seems like he didn’t want to delay closing. After a few days of trying, today 6 days after closing , we finally made contact with the occupant. She asked for another week. That will put us about 2 weeks out from closing if she actually leaves and doesn’t ride out the month. My attorney says serve the 10day notice to vacate and evict in court if necessary and possibly sue for liquidated damages. Has anyone experienced a similar case? I’ll post the progress of this dilemma as we proceed.

[Kathy Henley]

Work from two directions @Liam ONeill Yes file the legal notice according to the laws in your area, listen to your lawyer. Second, the property manager must talk face to face with the person who is squatting. Find out what he needs. It might be a u-haul, so rent it. Or it might be helping him get in touch with his sister, who he hasn't spoken to in 3 years. The human side is less expensive and usually quicker than the law. If the sheriff has to come to remove (the legal route) you know that you have exhausted the other path and feel less awful.