All Forum Posts by: Justin B.

Is there a service that would allow me to see who are new homeowners before anyone else does, for direct mail purposes? I market to new homeowners and I want to get to them first. Not sure if there is a database, service, or site that will let me know immediately, as opposed to waiting upto 30 days later and then I'm stuck fighting my competitors.

Appreciate any help or insight!

Don't know if he can qualify for financing, I would like to assume he can since he owns other properties. Nothing happens in 6 months, we just didn't want to carry the agreement past 6 months. 

So are you saying just walk away from this, don't take legal action? I hate to relist it because the contract price was less than the previous listing price - which will cast a blight on the property I feel...

Family was selling a piece of property, found a buyer, and his partner providing the financing fell out. The guy, who the HH agent has done business with before, says he's got property etc. so he's not a deadbeat. 

The buyer proposed a series of payments over one year, but our attorney is uncomfortable with that because then we would be trading the property to him and he could trash the place and/or walk away from paying.

It's a family property, so we would at least like to see 50% down with payments for 6 months with an increase of 5k to cover costs with a someone to sign for the loan that has property under their name.

What would you do in this situation? Family doesn't really want to hold on to the property anymore because not everyone agrees on what to do with it (siblings eh).

Appreciate any advice or explanations of our options!

I saw this post over at Sure Dividend and thought to myself what an awesome discussion worth having. Of course I will always follow the simple wisdom of not putting all one's eggs in one basket, so I can't choose any one method.

Wanted to see what other's thought of this topic and if anyone had any opinions on it.

Here's a nice snapshot of the article:

Investing is all about earning the highest return possible, while minimizing risk. Of course, there are many routes investors can take to reach this destination.

Two of the most common ways people invest, is in the stock market, and in real estate.

The subject of dividend stocks versus real estate is a complex topic, with no one right answer. What works for one individual may not work for someone else.

As a result, there are many different viewpoints on the subject. If you were to ask 10 different investors which is better, you might get 10 different answers.

There are pros and cons to each strategy, although studies have shown over the years that one approach may indeed be better than the other.

This article will discuss the various advantages and disadvantages of dividend investing versus real estate investing.

http://www.suredividend.com/dividends-real-estate/...

My two cents, I enjoy multifamily ownership, as well as an income producing portfolio of stocks - some of which like $MORL, give over a 20% dividend a year. So like I mentioned in the beginning, I like an either/and approach not an either/or approach.

What about you?

Saw this on Zerohedge, nice to see my neighborhood is the top on the list!

No doubt this will embolden lawsuit attorney's to run ads like, "do you feel your rental application wasn't approved because you were discriminated against?"....

Good luck if you are a landlord in Seattle!

http://www.americanthinker.com/articles/2017/03/se...

"With a heavy-handed new law that is the first of its kind in the nation, Seattle has set its regulatory crosshairs on landlords, attempting to police their inner thoughts and eliminate the possibility that their decisions could be motivated by "implicit" or unintended bias.

Known as the "first in time" rule, the mandate forces landlords to rent to the first qualified applicant, rather than choosing the best fit from among prospective tenants.

Sponsors contended that this unprecedented restriction is needed because traditional anti-discrimination laws do not protect against unconscious prejudices. Landlords, it was alleged, can't be trusted to make decisions based on their "gut instincts," because there's no way to know whether those instincts are "pure." The only solution is to take away their right to make discretionary decisions altogether – including decisions based on rational, nondiscriminatory considerations."

We were doing the walk-through with the tenant, and the guy had his dog defecating and pissing everywhere on the 3rd floor. The guy was trying to deny it (when we could see turds everywhere and puddle marks) and we got into it verbally. We gave the guy a good portion of his security deposit back before he stormed off and we can do the rest of the walk-through.

We found deep gouges in the walls due to moving, our lead-glass cabinet was broken, and the ground upstairs is soaked in animal excrement that will require redoing the hardwood floors.

To be completely honest we would like to sue him over all of these repairs. Is it too late to file for damages after we give him a portion of his security deposit back?

He also wants receipts within 30 days of what we used his security deposit that we kept for.

Any advice? Thanks..

I decided to tape up two 3 day notices to his doors of the unit, got a call right away with a very nice tone apologizing for any confusion, and that he dropped the rent off in my mailbox, and will be out before the 30 day notice.

So I guess for anyone reading this in the same predicament tell em: 3 day notice then we file for eviction.

We have a tenant who we gave a 30 day notice to, throw a **** fit because the seller's realtor didn't tell him we intended on moving in after closing. He told us he can't move until Octoberish, and we did notice him packing his stuff up, but here's the deal

1. We can't stay in our apartment anymore, we are subleasing it to my father who needs to be in here right after that 30 days because his lease is up for his apartment.

2. Mortgage and Insurance stipulate we have to live in the property X days from closing.

3. He's hasn't paid us this month's rent, on top of the late fee

4. Won't return our phone calls

5. Is letting his dog go upstairs and **** all over the attic (we have pictures)

We don't want cement poured down our toilet or anything, but we NEED to move in this place.

Should we file for eviction right away or let him live there till he leaves in Octoberish (but what will my dad do?)

Really appreciate any help with this!