All Forum Posts by: Letitia Glenn

Thank you so much!

Thanks for all the replies. Lynnette, you've now officially scared me! regarding using an escrow account, I am not using one because I don't have one. I was going to have the buyer transfer the money to my regular account. Is this not a good idea? I feel like I'm missing something important.

I am selling a property and buyer wants to do a quick deal paying cash and do the deal with a quitclaim deed, and stated using my attorney was fine. I am new to real estate, and never done a deal like this before. Is this advisable and what do I need to watch out for?

Have an opportunity to purchase an income producing rental property at a great price. My attorney has stated there will be no title insurance. The current owners inherited the property from their father who got the property from a quit claim signed over by a construction company in 1983. Since there hasn't been any other claims on the property since 1983, should I have any concerns about purchasing this property without title insurance?

Thanks for sound advice!

Potential new tenant offered to paint house exterior instead of paying security deposit. Is this a good idea? Or should I require him to pay the deposit and maybe give a discount on monthly rent equal to amount of work done (monthly discount applied until amount is credited). However, I should document the painting must be completed to landlord's satisfaction before tenant moves in. Am I getting in territory I dare not walk into? Help!

Hi Wesley, welcome to BiggerPockets!

Thank you Stephen! Right now things seem a bit overwhelming, but I'm pressing forward!

Thank you Douglas!

I am Letitia Glenn from Memphis, TN and I am new to the real estate investment business. I am so excited about this venture! This is completely out of my comfort zone because I've been in the corporate world for 35 years, but have always been interested in real estate. I am glad to be a part of this great community and look forward to connecting with you guys. I've read some inspiring posts on this site and it gives me great hope to know I too will post my success stories in the coming months!  My goal is to learn fast and hard so I can build my business and in turn help others do the same!