All Forum Posts by: Harsh Desai

I just received a letter from Eden county that one of my houses has a code violations and I am to appear for a hearing before the House Inspector.  They say that the property is infested with roaches and rats and unhabitable as a result.

1. Do I have to appear before the court or can I send a proxy on my behalf?

2. Does anyone have an experience with code violation hearing and what  should I do to prepare. My hearing is on August 9th.

THanks

Harsh Desai 

It was actually a land contract. Not sure if that makes any difference. But I had read that with a land contract, there is no need for a foreclosure but just an eviction.

 Yes we recorded the deed. But a separate note wasnt recorded. Any idea how long these take and how much this costs?

I created a warranty deed along with a promissory note on a low income property in High Point and sold it to a buyer. The buyer didn't make the payments and at one point went to jail abandoning the property. Now the buyer comes back after almost a year and wants the property back saying that the warranty deed is still in his name (which it is). How do I get this person to drop all their rights to the property? So far I have had to pay the property taxes myself and also pay for cleaning the property when it was left in a bad state.

Really desperate for help.

Thanks John. Why do you think it's risky? The "Due on sale" clause?  Can anyone recommend a good real estate attorney in Charlotte, NC?

I'm looking to start a direct mail campaign. How do I go about creating a subject to our lease option agreement? 

Can anyone recommend a source to buy agreements from? 

Thanks for the great advice,  Curtis and Sara. Wish I had posted on the forums sooner. 

Yes, I want to invest in MF homes in future.

Curtis, what areas in or around Charlotte do you typically invest in?

Sara, my investment townhome home is on Earth North st. What other areas do you think I should look at?

Thanks once again!

Followup to my post above (for anyone interested)... What I have found as the sweet spot is condos/townhomes in the range of $120k-$130k. If you can rent them between $1100-$1300 you can generate positive cash flow after all dues (mortgage payments, HOA fees, taxes etc.)

Would love to know what others are doing and what are your thoughts on this?

I have been a member of bigger pockets for a while and have been listening to the podcast for over a year now. So far I have bought two properties (one in Charlotte and one in Greenville, SC)..both condos.

I am looking to network with others and learn as well as share my experiences. 

Cheers,

Harsh Desai