All Forum Posts by: George Red

In the gold rush it was the people selling shovels and provisions that really made money, not the miners. Given the rush into the REI space it makes sense that there are a lot of people coming in and trying to make a quick buck selling shovels (get rich like me courses) and then sending miners up river to try their luck in a saturated environment.

I think Pace is selling shovels, he may be a nice guy but my personal read is that he (and a bunch of other people popping up on Youtube over the past few years) are just the latest shovel salesmen. My 3 cents...

@Charles Roy contact a real estate agent and express your interest and they'll draw up an offer. Not sure if you have a relationship with an agent but if you're shopping around you should have one that you've connected with before. The fact that the property has been on the market for that long means you can be super aggressive on the offer an just see what they come back with. The fact that it's been on the market this long also may mean there is something very wrong with the property so don't go in with blinders on.

Best of luck

Ummmm if I had to guess it was a fraud. Maybe it was the deep state leftists sabotaging him before he even got into office... they're crafty and despite all his legal troubles before he was elected, and the continued legal troubles after elected, he's never done anything wrong so...

Lolol

Hey Mackaylee, have any tips/tricks for making contact with someone with HAKC withing a reasonable timeframe. I have 2 section 8 tenants and it's been all but impossible to get in touch with someone in the office there... one tenant is WAY under market rent and I'd like to remedy by getting them to increase their portion rather than having to evict and then re-place a tenant. I've been unable to make a reliable contact with HAKC, any insight?

- George

11k... good goobley. No shade on his program as I've heard podcasts he's been on and I'm sure he's a nice guy but I think that 11k may be better applied to an actual deal and getting hands on experience. There is a fair amount of content online about the methods he's speaking on... I would definitely not part with 11k but that's my opinion. A lack of people giving testimony in the concrete would also be a concern.

@Nad Oli I had a similiar situation to @Dan H. except the seller said they didnt want the tenants to know that they were selling so no estoppels. Following close I noticed that deposits and pro-rated rent were not provided at close, despite being mentioned in the contract. There has been a bunch of back and forth but to date I've collected some of the money back and we're in ongoing talks about how to resolve this outside of court. I'm counting it as a good lesson learned and I'll be wiser moving forward and trust my radar. All that to say... I'd advise reaching out to the seller/PM and talk it out, state your case and let them know you're not going away... see what if any headway you could make on the matter without involving courts. My initial conversations were contentious but became more reasonable and we've made progress, food for thought and you've earned another stripe on the arm of your landlord uniform. 

Hey all, I've closed on a few properties using a loan broker but have heard on BP podcasts  multiple suggestions to use a local credit union/bank for potential more beneficial terms. I've called a few but wondering if people here have suggestions for local institutions they've used and recommend for transactions in the KC market? Any help is appreciated.

- George

I received similar letters on my properties. What was the outcome when this happened in 2019? Were people pretty successful in overturning?

Hey all, long story short I bought an off market duplex in KC Missouri through a wholesaler. The wholesaler never gave the title company the tenant leases, so the closing documents didn't include pro-rated rent for the month we closed or the transfer of tenant deposits (which I admittedly overlooked while signing the mountain of paperwork on closing day). I've cordially sent an email to the seller and title company requesting pro-rated rent/security deposits and the seller is basically saying too bad so sad it should have been handled during closing (we closed early May).

I've purchased investment property before so maybe I fell short in assuming all required pro-rations/transfers were in the closing documents which is a learning on my part. Has anyone had experience with a similar situation where something was missed at closing and potentially addressed after the fact? I read the closing statements over and there is the "errors and omissions clause" below.

Any guidance/recourse or have I just learned an expensive lesson. I assume at a minimum the tenant deposits are not the seller's property and do not belong to him at all.

Any thoughts/guidance appreciated.

Thanks for the insight Roman, I'm an OOS investor with 2 properties in that box so was curious if there was something going on I didnt have eyes on. Open for any insight from others as well.

Happy Monday all!