All Forum Posts by: Kirby Jackson

Thanks everyone. Yea this may be too much to mess with. And time consuming.

Thanks Jeff, yea it is a bit strange, but I may forge ahead.

I met with a very motivated seller yesterday.  a 1 bedroom each side duplex,  the current tenant has been there for 10 years and never had a late payment.   but when we agreed to meet and for her to show us the property, she would not let the owner in.  after about 30 minutes of waiting out side while the owner texted back and forth with the tenant, she finally agreed to let us in.  we only got in as far as the living room/kitchen, and were told we could not go into the bedroom/bathroom because the dog was in there.  but the dog only barked like twice since we were there, hardly menacing.  

what do you do in this situation? are their buyers out their that will purchase the property and leave the tenant in place.  I guess the tenant has done some of the upgrades with her own money, and apparently the seller and Tenant normally have a great relationship, but not yesterday.  it wasn't hostile at all, just non responsive.  I think the tenant just hoped that we would just go away.

So there are PROs and CONs to this situation.  I have a very nice and motivated seller, but I have difficulties with seeing the property since the tenant is being non-responsive.

thanks

I recently met a very motivated seller at their property. The issue is her tenant is nice, but extremely weird about letting anyone into her property. Made us wait outside for over 30 minutes. Having a texting battle with the owner. We finally were able to the living room and kitchen, but that's as far as we could go, they kept mentioning a dog, but I only heard it bark once when we were out side and never when we were inside. So I'm not sure what's going on. Should I proceed or no? Are there buyers out there that just want properties that cash flow and aren't interested in finding a new tenant. Apparently this tenant has been there for 10 years and never late. So there are PROs and CONs Thanks.

I met with a seller for the first time yesterday and have some questions and concerns about this scenario. The owner is wanting to sell her house and be done with it, as she is wanting to move out of state. The house is a duplex and she is renting it out to a tenant on a month to month lease currently. It’s kind of a strange situation, but the tenant rents the whole house for $500 a month and the tenant is allowed to rent the other side out and keep the rent money. The tenant is a long term tenant for about 10 years. She puts her own money into some repairs, but not all of them as the owner recently put in a new furnace, water heater, and plumbing. I know the tenant is replacing the floor currently in the other side of the duplex, and I believe she said she is putting in new cabinets in the kitchen herself. Currently the other side is vacant, but the tenant is making repairs to the other side before she puts it back up for rent. Before the owner received my yellow letter, she was planning on selling her house on contract to the current tenant on a 5 year no interest lease plan, but she would rather just be done with the property before she moves away. I don’t believe she has expressed this to the tenant yet though. This is not the best area of the city, and the house is in not the greatest shape on the outside. We met the owner at the property last night and things were a little strange. She said she told the tenant we were coming by for an inspection for insurance purposes because she didn’t want her to know she is thinking of selling it to someone else. The tenant answered the door and said just a second and she would let us in but she had to put her large dog up, but for the next 15 minutes, she did not respond to the owners repeated demand to let her in and never came back. As we were about to give up and leave, the tenant texted the owner and said we couldn’t come in because the house was a mess and she did not want us to see it. She also refused to let us see the other side of the duplex because the water was not running and the floor was being done. We could not see in the windows. We started walking away and the tenant changed her mind and agreed to let us in but only to see a couple of the rooms on the side she is living in and also the partial basement area which is accessible from the outside so that we could see the furnace and water heater. So we only saw the living room, the kitchen and the partial basement area and got some pictures. The parts we saw were in fair shape. The owner is supposed to have lunch with the tenant sometime this week and she said she will try to get us more pictures. The tenant was not hostile, and her boyfriend was very friendly when they allowed us in. They were just really weird about letting us in. The owner and tenant seem to get along with each other fine from what the owner was telling us. She said she always pays on time or maybe 10 days at the most late. Has anyone had any experience with this type of scenario? My question is how should we proceed with this? It doesn’t seem easy to see the inside of the house since the tenant is so uncooperative. I don’t think the current owner would be able to make her leave for showings and it was so hard to get to see just a few rooms. Would a buyer buy the house sight unseen?

Anthony Gary are you currently doing any construction projects in the Indy/fisher/north side area?

Nice Job Ryan, we are looking at more flips, then rental if so not sell. Right now I need to push myself off the bench and stop analyzing.

haha yea I have doubled back a few times. After I got my head out of my butt.   Thanks

Thank you Jason. We were out bid, but I will keep you posted on any new deals.

Thanks everyone. Yea Ned Carey it's funny you should say that, I didn't even think to just knock on the door. I need to work on that. My confidence seems to ebb and flow. I had no problem the other day walking up to a neighbor to ask him about his chicken coop in his garage. Won't be buying that property, roosters are way too loud.