All Forum Posts by: Imran Ahmed

 Hi Olga @Olga Lund would you share how did it turn out eventually? I am looking at couple deals from them as well and would be curious to know how did everything turn out from them until you close and if the property deeded properly in your name without much hassle ?

@Mike Conner couldn't agree more on 1% and market situation and thanks for your input on the location gives me more clarity now. I've been waiting year and half just to find a right property for a 1% where I could possible live for sometime too but as we know those don't exist in this market and if any pops up here and there are completely dedicated as rental property that I am not possibly ready to occupy as well. I am not married and don't have kids, with that respect was thinking if it would be right move to go for it, live there sometime do some upgrade and eventually leave renting the main house too but still that wouldn't even bring close to 1% unless make some good use of that land

well @Mike Conner I was looking at this multi on 1913 Talpeco Rd it got 2 acres to it seems like could be something owner occupied multi generational property? I don't know nothing about Tallahasse market even more importantly was wondering if thats a good area and appreciating part of the town to settle with that long term vision like that or rather going downhill? Would you live there if not why?

@Mike Conner what you think about N Tallahassee below Lake Jackson Camellia Gardens area specifically N Monroe st? Is that too rural or decently growing neighborhood ? 

they say they notified but I doubt there was any evidence to count on. Both agent and the seller was little loosey-goosey in terms of sorting this out well ahead and especially with this tenant and been praising highly from the beginning they are "good" people. The other side is singing a new lease with first, last and security.

Dear Landlords,

So I am getting my first property, a duplex in Flagler County, FL closing at the end of this month where I want to occupy one of the units from July 1st. One side's lease ends in June and they wanna renew for another year with bumped up rent but the other side is on month to month. I don't want the m/m unit to stay as I want to occupy the unit. They currently don't have anything in wiring with the current owner that says they are on m/m just staying based on word of mouth as I was told they've been good tenants. When I met them yesterday the m/m unit told he can't move out upon sale which is May 31st (even though was notified when the property went under contract) and needs one more month. My worry is what if he can't find a place or might even not be willing to move out during the end of June when I will try to move in as well as planned? I'd be basically homeless during that time even owning a home and have to keep fighting with the tenant until he moves out and God knows how much hassle that's gonna be given this pandemic and all that. My question is how would you handle this situation and the safest bet?

1. Ask the seller to move the closing date a month out with addendum that the side I want to occupy has been vacant on closing?

2. Would it be possible to craft a legal document stating he has to move out at the end of June with no further extension offered as the new owner would occupy the unit upon sale and have it signed by him?

3. I just didn't wanna be in an eviction fight right after getting the property while I won't have a place for myself to stay either. Even the above signed doc might not help my living situation if they can't move out in time so is it even worth considering ?

@Jeff Morelock inventory is generally low everywhere. Did you mean in Pensacola extra low now? Is that because more demand there from new people coming in? Why Pensacola then? 

@Bailey Depping you just contradicted yourself up top you said you only take cash and hard money loan but now saying I can bring my finance even then how thats gonna work with your other req that after inspection I can't get my earners money back if I dont like what I find or be able to renegotiate ? People do inspection for a reason and if I can't back out with my earnest money after that why would I even do that ? I like doing inspection and appraisal. Why would somebody have to lose there earnest money on unseen/uninspected property that is backed by your greedy hard money lender trying to trap the buyer with 10% earnest money? I could do another downpayment with it for another property

thanks @Tim Hall for chime in. Which neighborhood your 4/3 located ? Is it hard to get tenants for bigger units with higher number like this?