All Forum Posts by: JoDaniel Vazquez

@Brad Hammond , Never thought about going that route, probably because I've worked really hard on my credit for many years with absolutely no blemishes on my records and to go from that to having a default on my report, is cringing. I will add that into one of my options but most likely would be the absolute last resort as I do want to get this home and try out the BRRRR method and repeat this by the end of the year.

Thank you so much for the idea!

Hello bigger pockets universe! I first want to thank everyone that have responded to my other posts recently, as a noob investor, you guys have given me the courage to go for it and that's exactly what I'm doing with the intentions to pay it forward as I grow. Now, I'm in a bit of a predicament, with the cost of closing on a house here by the end of the month, I did not factor in the breaking of the lease. I was told $4500 as penalties so I figured I can squeeze that in the budget somehow. Now, after I've signed the forms to break they are telling me I owe $6700 because the first month was free only if I complete the leases full term. I can not afford it. I was told of programs for first time home buyers to assist with breaking leases but I just can not find that info anywhere. I'm afraid that I just might lose this deal as worse case scenario because I will not be able to afford closing nor immediate repairs on the property. Does anyone know of such assistance programs or have any good tips or solutions on how to overcome this horrible situation I got myself into? Thank you ! 

Whoa! never thought of that. Thanks Bruce!

Really! Sounds like a plan! That will be really helpful! Thank you Eliott!

GEMS! Dave Skow! Straight GEMS! I'll get right on all of that! 

Thank you all for the suggestions and feed backs, to answer your question Dave Skow, yes, I do have an agent involved and we are in the middle of negotiations. My agent is trying to get the majority of the closing costs from the seller as we speak. And I want to see if that will cover some of the repairs or if this buy is even a deal. But my other issue is my loan, you see, I received a loan that can grant addition funds depending on the repairs that are needed. My loan officer is asking for the costs and I figured if I can get a contractor to confirm the expenses , that it would suffice.

Eduardo Reyes, thanks, that's exactly what I was thinking, DIY and figure it out for next time!

Russell Brazil, that's a marvelous idea!!! Is there a section here for that or do I just post? I tried getting a contractor from BP site as well, just no luck but maybe if I just post my excel sheet, I would get better Help.

Thanks guys

So, guys! I got my inspection report and trying to get a contractor is extremely difficult to get in this market. So, I decided to google and hit some sites online that might give me estimates of everything on the inspection list and its costs to repair, but, something is not not right. I really feel like my numbers are off. I've put all items on a google spread sheet and my estimations , any recommendations on what to do next? Should I physically go to a contractor , bring them my spread sheet, instead of just waiting for a call or email? OR ,Youtube it and do the majority of the work myself minus the required certified technician repairs? I am in a stand still.

Super great tip! I will utilize and pay it forward! Thanks Justin!