All Forum Posts by: Account Closed

I hope those that have previously commented are still following this thread.  In my non-legal opinion, the fact that you just shared should be proof that there is no encroachment. 

I would think that the prior owner in effect created an easement when he decided to alter his properties in such a manner.  I also would think you and your neighbor would have recourse against the seller if he/she did not disclose the easement in your sales agreements.

I would love to read what a real estate lawyer has to say on this matter.

@Nicole A. 

How long have you owned this property?

I am wondering if you have legal recourse against the seller for encroachment.

Based on all 3 pictures, it appears that your brown downspout is routed through the brick of the other house.  That is insane if it wasn't mutually agreed upon by both prior owners.  If it was agreed upon, then that is an easement and not an encroachment. 

@Tommy DeSalvo 

That is my understanding of it. 

You're welcome Bob.

I am still new to the site and have yet to begin investing.  From my understanding, a wholesaler enters into a sales agreement with the seller but assigns the contract to another buyer.  Hopefully someone with more experience will be able to guide you on this one so you are able to make some money without breaking any laws.

@Juliette V. 

I am relatively new to the site and have yet to start investing in real estate, so I am definitely not qualified to offer you advice.  That being said, what I have learned from another online forum is the more information you provide the better advice you will receive.  I personally would be suspect of any response that didn't include some questions for you. 

One of the things I am curious about is this loan you mentioned.  Is it a pre-approval for $250,000 or do you already have the money? 

While state laws differ slightly, the definition of what it means to practice real estate hinges on whether you act on behalf of someone else in a real estate transaction. Any time you act on someone else’s behalf when buying or selling real estate in order to receive a fee, commission, or other type of compensation, you have engaged in the practice of real estate. To do this legally you must be properly licensed. If you are not licensed, you have committed a crime. Also, you cannot engage in real estate negotiations on someone else’s behalf or even attempt to conduct a real estate transaction for another person or organization unless you are properly licensed.

Source: 

http://www.criminaldefenselawyer.com/resources/brokering-real-estate-without-a-license.htm

if you have $250,000. I would use it to buy 10 $50,000 homes. $250,000 + another $250,000 borrowed.

She stated that the $250,000 she had to invest was a loan.  Your scenario has her borrowing an additional $250,000.

I think it is safe to say that many thousands of homeowners purchase dogs in part to protect a property.  The most likely scenario would involve the dog barking and the burglar moving on to another house. 

Welcome to BP.  Congrats on getting your first deal.

Welcome to BP