All Forum Posts by: Huso Akaratovic

@Olia Fogel

Hello there,

I like this idea as well. Do I have to have an attorney to do this?

Thx in advance.

Thank you all for responding and adding your thoughts.  Cheers to future investing and better DD. :) 

Greetings, 

I was at the court steps auction on August 31 that was being conducted by the folks from auction.com. I was bidding on a condo that was advertised on the auction.com as 4 bedrooms and 1 and half bathrooms.  I happened to be the highest bidder.  We now believe that the condo is 2 bedrooms and 1 bathroom, I haven't been able to go inside. I believe it is still occupied. Now, before everyone jumps on my throat about my due diligence, YOU ARE right. I should've done a better job. Although, I can still make this work where I will have a good cash flow, or even off load the unit and break even. 

The real question is: Besides my lack of attention to details from the beginning. Could I hold anyone responsible for this? are they allowed to falsely advertise properties and get away with it? There were 2 people bidding against me that day, one of the individuals I know personally, and they were also going based off 4/1, which makes me believe that the 3rd bidder was going based off the same information. 

I am closing on this property regardless. I just wanted to hear everyone else's thoughts. This tread could serve as a reminder for everyone else to do a better DD. 

@Henry T. Patrick bet David is a very inspirational entrepreneur. Look him up, he has his channels on YouTube. You won’t regret if you start following his content.

@Jerryll Noorden your comments never get old. Lol

@Viral Mehta this is a pretty common business approach. I would do it. This person would take care of your property better than any tenant. He’s interest is to make money! As long as you have a good lease in place, you should be fine.

@Genny Li I had tenant call me the other day to change the battery on the smoke detector.🤣😂😅

I lost my ****…..

@Max T. What type of pre screening do you have. Would you mind sharing please ?

@John Underwood good to know that, thank you. How do I check if that applies in Virginia?

@John Underwood so, if a property is free and clear. The tenant can be evicted?