All Forum Posts by: Laura Angus

thank you all for your responses. The eviction process will be much much more expensive on our end which is why we were offering the early termination. She said she's been speaking with a social worker to begin applying for section 8 housing which I'm not very familiar with. She's under the impression that the state will only help her with moving costs if she is evicted?

I've made it clear that we cannot provide any legal advice on how to move forward I can only provide information on ways we can move forward in our current lease agreement. 

Truthfully these two have been the ideal tenants. Always on time. The property is clean and well kept. I never saw these problems coming from them...but that's just part of being in the business. My lawyer has put us in touch with someone who will hopefully be getting back to us soon. Thanks again everyone!

We have a rental in Mi and rented to a couple who were not married. They are on the lease together  and the boyfriend has moved out. The woman left says she cannot afford to stay alone supporting her children....there is only 2 months left on the lease which we are willing to allow them to walk away from just to be done with the situation but it is becoming extremely heated between the two of them.  the woman is insisting she stay for the next two months paying her half and that's it's our responsibility to go after him for his half. Our lawyer is out of town for the next 2 weeks....what am I supposed to do with this mess? Also if we do reason with them and are  able to get them to terminate the lease how do we redustribute the security deposit? (They are already arguing over who its entitled too) I'm just hoping to come to an agreement that doesn't end with an expensive eviction process or serious property damage...

Hi Everyone, 

My Husband and I are about to buy our first property and there are a few projects in it we are afraid are a little over our head. Is there anyone in our area who can recommend any quality, and affordable contractors? 

Thanks a ton! 

Laura & Scott 

Hey BP 

My husband and I are new to real estate investing. We are planning to flip our first few homes and use the capital built to buy rental property. We have found what seems to be exactly what we are looking for and after reaching out to the seller and doing more research we received this notice

"This is a Fannie Mae HomePath Property. The seller has directed that all offers on this listing be made using the HomePath Online Offer system at the HomePath website Buyers, complete the HomePath Ready Buyer homeownership course on homepath. Attach certificate to offer and request up to 3% closing cost assistance. Check HomePath for more details"

We have no experience with Fannie Mae, and don't know anyone who has bought property from them. We are afraid it will be a messy drawn out process and since we are so new to this we are afraid of getting tied up into some waiting game. So my question is...would buying our first property through Fannie Mae (no matter how good of a deal) be a mistake? 

Thanks in advance for your help! 

Laura & Scott