All Forum Posts by: Gavin Henry

@James Mcsweeney Thank you for your response. However, due to the tenants giving the landlord a hard time they won’t allow me to go and see property so I can do a visual assessment. I can only see the property through pictures that the landlord has. Would you still make an offer without first actually walking the property?

I’m a new investor. I found a condo (2bed 2 bath) in a good area. The current landlord is selling the property for 130K with the tenants inside of it. The tenants have been giving him a hard time and due to COVID they haven’t been paying the rent. To make matters worst, the government is not allowing evictions at this time. Should I still try to buy this property? My offer would be 90K (finance).

@Renee Potoczny Okay that makes total sense to me now! Thank you for your response

@Renee Potoczny #7 -How do you even track that? How would you know if the guest stayed for 7 consecutive days? What if the guest stayed for 5 days this week and 5 days the next week? I’m just trying to think of how a renter would try and find a loophole in that.

Fund&Grow or LenCred? Who would you say is better a better funding company?

@Kyle Bambu Thank you Kyle for taking the time to share that information with me. I’m new and just starting out so when I stumble upon a bump in the road, I immediately try to seek advice on what to do. Your information was very helpful. I am going to try the “subject to” method and see if I can make it work. I guess my new question now would be, can I still make a cash offer using the “subject to” method?

I have a seller who is asking for $320K for his home (3 bedroom/ 2.5 bathrooms 2100 Sqft in Parkland FL) I ran the comps and the price for the home is within normal range. The home is also in good condition with no renovations needed. I offered him $200K in cash and he stated that he would be willing to accept that. He owes about $290K on his mortgage (Bought the home less than a year ago for $305K). My question is...when we get to the closing table, does my cash buyer assumes the remaining debt on the mortgage and the seller walks away with $200K in his pocket?