All Forum Posts by: Chinmay J.

@Justin Turner - If you are asking these questions you clearly don't qualify to buy house at auction just yet. Auction buying is for very experienced investors. One of the biggest thing about auction buying is that you can't legally step your foot in the property until you have bought the property. You are buying pretty much blind. Also, in VA a lot of trustees require you to deposit 10% of the contract amount right off the bat with a certified check. You have to close within a month or so. This itself should deter any newbie investor from getting into auction sale - not to mention possible issues with title.

Lender will send an appraiser to look at the property, and will prepare a formal appraisal. The improvements you made is not a bad thing, but local market in your area  will dictate what your property is worth

Best thing to do is pick up the phone and call the listing agent or the owner and ask them these questions to assess the situation. 

@Steevee Reroma Looks like something from the LEASE AGREEMENT for Landlord and Tenant. If I were to make an educated guess simply based on one line you pasted, I would think they are trying to say that upon the termination of the lease, the leasehold interest (the lease itself) and the fee simple interest (the land and structure) are not automatically available for purchase. 

To add. That seems an awfully long lease. Is this for a commercial property?

More questions for you.. Where did you see this posted? What kind of document are you looking at?

5 Weeks of vacation... 12 days of RTT (whatever the hell that is..I don't even want to look up). 12 bank holidays..2.5 months of vacation in a year.  Sorry.. I don't understand it, and certainly don't understand those who say they understand it. And you wonder why French economy is in shambles? LOL. My family came to US from India twenty some yrs ago, and for sure we didn't come to the land of opportunity to sit on our a** and sip wine. We came here to bust our rear ends and work like a mule if that's what it took. 

If you really want to realize your dreams, I suggest you get rid of this BS nostalgia right away. You really sound like a pitiful depressed housewife from those mid afternoon soap operas. Glad you were able to save $30K, but with a better paying job you would be able to save more, and actually able to smell a few roses along the way. You can't save your way to wealth.  Perhaps eat better food and even go to a nice steak house once in a while.

In Podcast # 200 Josh and Brandon did 20 steps for real estate investors. And one of the steps is fixing your life before move on real estate investing.  Your life seems to be in order, but your attitude needs a little bit of tweaking. Before jumping into any RE techniques, that's where I would start. 

Good luck.

4th vote on go back to work.  

@Bill S. -  They have physically left but I am still being able to get in touch with them.  Looks like they will be more amenable now since they have realized that I can pursue legal options. I think they have realized how bad eviction can look on their background credit report. Not only can they not get a decent place to rent, but it can also be impediment for employment.  Both of them are almost 30 yr olds, but in terms of maturity they are just little kids. You have definitely given some good tips for future sticky situations. I did offer them early termination as 2 months rent, but they pissed on all of that.  

@Lynn McGeein - Yes, both of them were on the lease. The only dependent was their infant baby.  I do the same. It allows me to go after the other person in case one decides not to pay. 

Is there a signed lease? If you signed a NVAR Common Law Lease then there is language in it where it allows you to have access to the property in case of an emergency. That being said, you are the owner of the place, and you need to have a key - emergency or not.  Have you tried talking to a real estate attorney to see if he can be threatened with a lawsuit? Contact some local real estate attorneys in Fairfax County

Thank you to all those who have contributed to this thread in one way or another.  I have been pretty busy dealing with this mess for last couple of days, so couldn't contribute to the thread. 

First of all remember, I can't start the eviction process until December rolls, but we may not have to go that far. Based on the legal advice I did get AFFIDAVIT from the neighbor and got it notarized at the local bank. Today was the 16th day since they allegedly abandoned the place.  I went in with the cleaners and got the place cleaned.  I moved their stuff and sent them the notice by USPS and followed up by text that it will be disposed off in 10 days if they don't collect it from me. 

Just got a text an hour ago from the girl's father that he wants to meet up and talk about negotiating a deal.  We will see how it goes. In the past, I have broken lease agreements with 2-3 months worth rent and then brought the place back on the market. Meeting is scheduled at 6:30 today. 

Never had this happen to me before. I own a place in Loudoun County, VA and recently rented it to a young couple. Seemed like a decent couple and passed the background check just fine. About 10 days after the lease was signed, I got text from the guy saying he wanted to be out of the lease. because he was having issues with his girlfriend. Met with both of them to sort things out, before I left town for a week to basically drill some sense into them and also underline that the entire rent on the lease is due if they decide to break the lease agreement.

I come back from my out of town visit to realize that that the place has been abandoned. Upon inquiring, the neighbor told me that she saw the guy move some of his personal belongings last Wednesday (11/16/16) and left the patio door wide open. 

I went in with Loudoun County Police Officer and secured the place. I did not enter the premises myself. Thankfully, there is no damage to the property. 

This is what the language in the NVAR (Northern Virginia Association of Realtors) Lease Agreement says about abandoned properties under section subtitled as Tenant Duties:

Providing Notification to Landlord if the Tenant intends to be absent from the Premises for more than 14 days. If they Tenant fails to Notify Landlord, Landlord may consider the Premises abandoned. 

The neighbor is willing to sign an affidavit that she saw the guy leave the house on 11/16/16.   So my question is what do need to do in order get in the place and haul their stuff out.  Can I, after 14 days, go in there myself, or do I need to go in front of the judge and go through the court system.  This is not eviction per se, but the people have just left.