All Forum Posts by: Hans Restuccia

It depends on the laws of your state but I think you waived the right- now you have to wait for the next default and do not accept the rent- now if your state requires a mandated 3 day notice- pay or eviction- then you have to accept the rent during the notice period and that automatically cures the breach.

If the tenant is month to month you can cancel that lease at any time in most states by complying with the statutory notice requirements. But will have to wait to next month now.

welcome!!

great! If they are interested and you can get them to do it- this is good deal for you- money man always gets the "lion share." For them to let you have 50% is good for you. I think anyway.

In South Fla it is impossible to get a contract when you are contingent on conventional- they throw it in the trash- forget it!!!

It is also very hard to get conventional financing here for investment property- most investors are going HML w/ exit strategy- what are you finding in your area?????

In South Fla it is impossible to get a contract when you are contingent on conventional like @david beard said- they throw it in the trash- it is also very hard to get conventional financing here for investment property- most investors are going HML w/ exit stodgy- that is very good plan if the numbers work.

i would think it would be hard to get such an investor- any luck on that?

Bill Gulley

I like your advise about getting involved in the forums but have found that people are gun shy of vigorous debate, I have been chastised, counseled, had comments removed, been warned, scolded and generally considered a bully, and I was just getting warmed up!! LOL

There is duplex= 2 units
Tr-plex = 3 units
Quad-pleax =4

If more units than that we often refer to it as apartment building - but they are all multi-family- i.e., more than one unit which is a single family,

Multi family is a good investment because usually smaller apartments, cheaper to buy as per unit price, good return, easy to mange, (all units in one location), we love multi-fam!!!!

HML will give you 50% to 65% easy I would think

If you think they are going to do damage to the property you need to put them on notice immediately that you will bring criminal action against them- in writing, hand delivered. Warn them that if there is any damage you will have them arrested!

That way they will know that you have documented this and WILL do it!!! Then evict them for breach of leas4- your lawyer can find something they did- always negotiate from a position of strength- I have found w/ a threat of criminal action most people back down.

Dont let these bums push you around!! :-}