All Forum Posts by: Erin P.

Thank you @Nalo Coban ! I definitely will. 

Hi BP! Does anyone know a good eviction attorney in Charlotte?

It's true that you may have a case given the executed contract, but you've got to consider whether or not you want to force someone to sell their house to you unwillingly. At this point, you probably haven't spent too much money, time or effort toward buying the house. My approach would likely be to mail them a letter offering to renegotiate price and terms for an agreement that works for both parties, and then turn my focus to my next deal.

@Felix Burgos, looks like you may have made progress since your original post but in response to your initial question, if you are looking for a buyer’s agent, you might start by looking up and contacting some of the listing agents for properties that have been flipped in your market. Many of those agents will have, at least, some success working with investors and may understand the potential benefit of gaining a new investor-client. You could also contact local real estate offices and ask if there are any agents in the office who specialize in working with investors. You’ll likely have to go through a lot of agents before finding one or two that truly understand investor-business, but the search can definitely be worth the time and effort once you do.

Thank you all for your great advice! We decided to go ahead and close, but only after the trustee signed an escrow amendment stating that no funds would be released until the house has been delivered vacant. They were out in a day and a half!! I am certain that things would have likely gone very differently had we not put that amendment in place. Thank you all again for taking the time to share your thoughts and advice. Go Bigger Pockets! 

Thank you all for your feedback! Looks like the consensus is to delay the closing until the siblings are out, and let the other siblings help and/or put pressure on them. Your second option is intriguing as well @Wayne Brooks -- I'll have to give that some more thought. Thank you all again. Your comments are very helpful!!

Hello BP!

What would you suggest that we do in this situation?....We are set to close on a fix and flip property on 8/3. The property is currently in a trust. The owner has passed away and the successor trustee is now selling the property to us. There are 8 or so siblings who stand to get an inheritance from the proceeds. Two of the siblings currently live in the house. All of the siblings, including the two living in the property, are pressuring us to close quickly because they all need the money. However, the two living in the property don't want to have to move until the 15th. How do we best protect ourselves from a situation where the two siblings decide not to move out, or want to take their sweet time?

Thank you @Account Closed for your great advice. @Rick H., that is exactly the information we needed. Thank you for sharing. We plan to take both of your advice and make our offer at their price point, subject to financing.

Rick - I did attend your recent probate talk in Arcadia and found it to be very informative. I have since been working my way through the 'Inside a Probate Sale' book I purchased. Thank you!

Does anyone have a suggestion for how to approach a potential probate deal where the court appraiser has appraised the house very high, and an accepted offer amount needs to be at least 90% of the appraised value in order to receive court approval for the sale? We are in touch with the administrator who is ready to sell, but the amount we can offer is significantly lower than the appraised value. The house is a fixer and, even if they list the property with an agent, they are still likely to only get offers very similar to ours. The administrator however, at this point, believes the appraised value is accurate. How can we show the administrator and the court that the appraisal is misleading and position ourselves to purchase this house for a fair price? Is there any recourse within the probate process aside from listing on the open market and waiting for the offers received to prove the true market value?

Great job Ryan! I'm inspired. Thanks for sharing.