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All Forum Posts by: Luke W.

Luke W. has started 12 posts and replied 164 times.

Post: Newbie from Oklahoma wanting to get into REI

Luke W.Posted
  • Investor
  • Edmond, OK
  • Posts 166
  • Votes 31

Welcome to the boards, sir.

It will really depend on your state's landlord and tenant act, but I would imagine that you could. Were you awarded a judgement along with possession? If so, I'd definitely say you get to keep the allotted amount... then again, I'm not a lawyer. 

I'd be willing to bet you can find it here: New Jersey Laws

Post: Tenant Fails to Notify Landlord of Guest

Luke W.Posted
  • Investor
  • Edmond, OK
  • Posts 166
  • Votes 31

Congratulations on getting her out! Maybe she only became a lawyer so she could represent her "awesome" friends haha.

Post: I have to stick to my guns...

Luke W.Posted
  • Investor
  • Edmond, OK
  • Posts 166
  • Votes 31

That sounds like a great plan, and at a certain point your banker might not even require the 20% down if you have an LLC and can get commercial loans. Seems like you have a great grasp of what you are wanting to accomplish it and how you can accomplish it. Glad you found this site. Don't listen to anyone that tells you it can't be done.

Post: Quadplex in Historic District

Luke W.Posted
  • Investor
  • Edmond, OK
  • Posts 166
  • Votes 31

It seems as though it could be a high price if you were to use it as purely an investment at investment rates. Since you are going to live in one, it seems as though it could definitely help pay for your mortgage, but not completely. Do they pay their own utilities, etc...?

Post: Don't count on Tenants to change air filters

Luke W.Posted
  • Investor
  • Edmond, OK
  • Posts 166
  • Votes 31

@Walt Payne I hadn't even thought about doing it myself just for the excuse of seeing the inside of the unit. I think I'll start doing this. Thanks!

Wow you guys gave some great advice. I really appreciate it. 

I am going to go in on Monday morning and get this taken care of. I think I just needed to hear that that's what I needed to do, and that I wasn't a complete idiot. 

Rhett, I will definitely message you. The last attorney I used for my eviction was okay, but I felt he could have been better. I have read through the landlord and tenant act multiple times, but in some instances it can be very vague. 

Hey all,

I have a tenant that did not pay rent on time this month. So, the day rent was late I put a 5 day noticed on their door. He came out and got the notice very quickly and called me after I had just driven off. He claimed that it was bs, blah, blah blah. Then said "well, what about these repairs you haven't made?" To which I said, "I was unaware these repairs need to be made. You need to tell me about them in order for me to know to fix them. And, also in Oklahoma I don't believe small repairs is a reason to not pay rent." He agreed and said that he would be paying me within the time frame.

The next day I got on the phone with some of my repair men who all said they could start work the next day. I messaged the tenant asking if that was all right. No response. In the next few days I tried to get a hold of them without any luck.

Tuesday of this week rolls around and the tenant calls saying how their family has been getting sick, and that their cat just died due to their being health risks in the home. She said "it is probably black mold." I told her I was assuming they wanted to move out, to which she said yes. We agreed they would pay a half month's rent and move out as quickly as possible. For their health concerns and so I can just be done with their ordeal.

They are wanting to back out of that agreement now. I'm not even sure I really believe that they are having these mold issues, because I know if it were my family and it really was an issue with the home, I would have left immediately. They were also late with their rent last month as well. I am somewhat hesitant to file for an eviction on Monday morning on the chance that they aren't lying about the mold and decide to take me to court about hazardous living conditions, even though I knew nothing about them.

Sorry for the long post, but what would some more experienced people do? I know every state will vary in law depending on the "uninhabitable conditions" but, I'm not even sure that is actually the case here. Any input would be greatly appreciated.

Post: LITERALLY flipping a house (Video) and the after picture

Luke W.Posted
  • Investor
  • Edmond, OK
  • Posts 166
  • Votes 31

Wow, that virtual tour was fantastic. I need to start doing that!

Post: Getting a Real estate license or not?

Luke W.Posted
  • Investor
  • Edmond, OK
  • Posts 166
  • Votes 31

I was able to find one that doesn't charge any fees or anything for holding my license there as well. I could probably find better commission splits for when I occasionally do some Realtor work, but I enjoy having no office fees.