All Forum Posts by: Anna Ahhee

@Anna Ahhee, what are you trying to do here? Help a friend or create a deal for yourself out of a third party complaint? This property isn't even on the market, just an unhappy tenant story IMO.

My intentions are to help the owner if hes in some type of trouble with the property and help the renters. Its not fair to the tenants to be living in the conditions they are but at the same time if the owner wants out or has issues maintaining the property then maybe theres a solution to his problem??

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Originally posted by @Chris Martin:

Regarding "...my information comes from the County Recorder and theres no flaws coming from there." I think the point @John Rooster was trying to make is 'what kind of transaction does the $8K represent?' Is this a General Warrantee Deed transfer? Special Warrantee Deed? Trustee Deed? Does the $8K represent the equity in a Subject To purchase? Foreclosure of second position lien? And how do you know his basis? Did he pay a substantial amount of back taxes owed by the prior owner? IRS liens? In my state, these won't necessarily show up on tax stamps or a recorder's deed transfer calculation.

Thanks! Thats the advice I need.. not sure what to consider and what type of information should I be looking for. Im still kind of new want to make sure what to do exactly.

Again thanks and all those questions about the property will be put into my research log to find out!

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Yeah, but would he rather take the $20,000 - $40,000 cash offer or deal with Code Enforcement and all the fee violations and or including losing out on the property all together?

I have the full report on this property, Im just throwing out a few details and asking for advice on what to do?

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Im not exactly sure what and how to handle this situation either. Thats why I turned to BP to ask professionals because I dont want to create a sticky situation for myself and reputation.

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Originally posted by @Alex Anderson:

I would be careful how you approach this situation. Real Estate is comprised of a tight group of networks, both good and bad, hence why BP was created. Though I don't know all of you, there is a strange connection over the same passion.

If you come at him in a threatening manner you could burn a bridge somewhere somehow. As much as you care that his tenants are treated fairly and with respect, they are his tenants. The best thing you can do is advise the tenants of their rights when major repairs need to be done but aren't. IE, they could stop paying the land lord rent and have the funds go into an escrow account held by an independent 3rd party (how they do it in the State of WI).

You could always call the owner and express interest in the property and ask if they are looking to sell and at what price. You can keep the knowledge about the current place to yourself as a form of dramatic irony lol.

I agree and thats why Im asking for major advice. Thanks for your response.

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Heres some details:

$172,200 estimated value

Last Sold:Dec 1980 for $8,000

Beds 3 Bed

Baths 2 Bath

House Size 1,207 Sq Ft

Lot Size 7,841 Sq Ft Lot

Year Built 1965

Estimated Value: $172,200

Monthly Value Change: $3,900

Last Updated: 12/17/2013

Bedroom(s): 3

Bathroom(s): 1

Square Feet: 1,207

Lot Size: 7,841

Property Type: Single Family Home

Monthly Est. Mortgage: $782

Monthly Est. Insurance: $50

Monthly Property Tax: $126

Price Per SqFt: $143

COMPS

Moreno Valley, CA 92555 $175,000311,38906/12/2013 0.04 mi

Moreno Valley, CA 92555 $140,000311,17504/22/2013 0.06 mi

Moreno Valley, CA 92555 $255,000311,74005/06/2013 0.08 mi

Moreno Valley, CA 92555 $210,000412,21005/08/2013 0.14 mi

Moreno Valley, CA 92555 $174,000311,20705/08/2013 0.14 mi

Moreno Valley, CA 92555 $340,000432,70308/07/2013 0.15 mi

Any other points that Im missing??

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Im pretty sure he doesnt know how to research property because then he wouldnt have this issue in the first place , right?

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All Forum Posts by: Anna Ahhee

Anna Ahhee has started 4 posts and replied 33 times.

Post: I NEED HELP CONFRONTING A SLUM LANDLORD..

Post: I NEED HELP CONFRONTING A SLUM LANDLORD..

Post: I NEED HELP CONFRONTING A SLUM LANDLORD..

Post: I NEED HELP CONFRONTING A SLUM LANDLORD..

Post: I NEED HELP CONFRONTING A SLUM LANDLORD..

Post: I NEED HELP CONFRONTING A SLUM LANDLORD..

Post: I NEED HELP CONFRONTING A SLUM LANDLORD..

Post: I NEED HELP CONFRONTING A SLUM LANDLORD..

Post: I NEED HELP CONFRONTING A SLUM LANDLORD..

Post: I NEED HELP CONFRONTING A SLUM LANDLORD..