All Forum Posts by: Justin Owens

Welcome! Arizona I'd still a great place to be

I often will send an email offer like this:

"Would your seller consider:

$90,000 Purchase Price

$5,000 Earnest Deposit

$20,000 Down payment

$65,000 new conventional loan

COE 7/29/2016"

Takes less time and when they say yes I write up a full offer.

Welcome! I'm fairly new on here but not to Real Estate. Originally from Chandler but now in Gilbert. From the forums, blogs, podcasts, and webinars there is so much good content here. Drink it up!

Are you looking for single family, condo/townhouse, multifamily, or commercial? 

Then when he does move out I can fix/replace whatever needs.

I figure if it's in decent condition, I'll let him stay if he meets my requirements. It's a free tenant with no paint or flooring. We'll see. I have a counter out to them and hope to hear back shortly.

You can try and get an abandoned title from DMV if there is any value in it, otherwise what Brian suggested

Tenant is currently month to month

I got Southwest Card prior to building our current primary residence. Where we could use the card we did. Where contractors offered a cash discount we did that. We didn't force or ask anyone to take our CC payment but if they accepted it without any extra charge we used it. Mostly it was material shops, Home Depot etc., but some of the larger outfit contractor accepted them too.

Took the entire family on a cruise out if Galveston and the airfare was less than $100 total just for taxes. Still have 150k ish points left and got a companion pass.

I am in negotiations on a condo with tenants in place. They are paying rent around $100 below market. Sellers don't want to deal with tenants or negotiate anything with them and spelled it out in the contract. 

My plan was to meet with the tenant during the inspection period and hash out a new lease with him bringing the rent up some, maybe $50. Once I am in escrow, while I don't own the property I do have some interest in the property. I assume I would be able to negotiate a lease with the sellers permission. If I put in a line that the lease would only be effective once I take ownership I should be good right?

How do security and deposits get handled? Turned over through escrow to me or handed back to tenant then to me?