All Forum Posts by: Mark Yuschak

I've had a few "all-star" tenants over the years.

My best tenant was an older black man who had been taken advantage of for many years by dirt bag landlords who would rip him off and overcharge for petty things. When he moved into my property he thought I was the best person around. He always paid his rent on time and took great care of the property. Never had one issue with him. The house he was living in caught on fire and perished. I bought him a new property and let him be involved in picking it (we looked at four or five together). He lived there for three years and eventually passed away last fall. He was a good man and grateful for the small things which I offered him (namely respect, in this case).

I currently have a few elderly female tenants who never give me ANY problems. Rent shows up like clockwork and they never complain about anything. Properties are always tidy, too.

These are the types of tenants which keep me hungry for more rentals!

Ouch! $100+ per window is steep!

Have you considered blinds.com? We furnished our personal residence with blinds from them and each window was roughly half the cost for a good, quality blind.

You can always do a Google search to find the boilerplate addendum J Scott is referring to. I've had to do it a few times just so I could save a copy locally to my PC so I could then upload it to the homepath site to get an offer submitted.

I'd also question how good this agent is if she doesn't have access to a backup PC with a working copy of Acrobat. Might be time to find a better agent..

Andy Chu and Steve Babiak are spot on. The listing agent does not get any information about submitted bids until one bid is accepted. Then, the listing agent does nothing more than mark it Pending in the MLS. They have no control or influence over what bids are accepted.

A couple years ago when REOs were more prevalent to shady practices, I used to highly prefer buying HUDs for this exact reason. There is a lot less room for games to be played when it's blind bidding and the bids going directly to the AM.

I don't provide any window treatments. If they are left behind by a tenant (and are in good condition), I'll leave them up, but otherwise the windows are left uncovered for the exact reasons you've already stated.

Welcome to the forums!

I invest north of you in Southern Genesee County. Feel free to reach out with a colleague request!

I'm doing them the old fashioned way, but with other investors only. My attorney and I are interpreting the SAFE Act as law to protect the owner occupant, and not necessarily the investors. Therefore, I'm only doing my LCs to other local investors.

I'm in 100% agreement with J Scott.

We use yellow legal paper and a red ink pen. Never typed. Handwritten only! Hand write the envelope too.

I, too, have come across this restrictions on flips I've had on short sales. If my intent for the property is to flip it to another investor with owner financing, I will lease it to them until the seasoning period is over, then convert the lease to a land contract.

Or, you can take title in the name of an LLC which only holds the deed to that property. Then, sell your interest in the LLC.

These two strategies work well if you're selling to another investor. If you're selling to a retail buyer, just build into your rehab timeline extra time to get the title seasoned.

Even on REOs with the typical 90 day restriction, I find that a rehab takes me 4-6 weeks. Then, there is 2-4 weeks of marketing to procure the end buyer. Another 3-4 weeks after that the buyer's financing is clear to close. Typically, by then, the 90 days has been met/exceeded.

I have landed some lucrative deals by marketing to probates. The families of the estates tend to have the perfect mix of motivation and low price expectations to unload the headache property which they inherited.