All Forum Posts by: Matt Sterling

Thanks for all the feedback.  It seem's pretty  mixed, most lean towards buying.  Realtor called and said someone made an offer today.  So a good chance I wouldn't even be getting as good as a deal I had hoped.  I think I'm going to pass. 

 I definately would not be renewing his lease when it came up. 

 Yeah I don't know. I guess if I did buy it, it's not like I'm enabling him.  Even if I got him out, he is still just as likely to re-offend wherever he goes as he would on my property.  It's not like I'm doing the public much of a service in the grand scheme of things, he is just someone else's problem.  I'm must pretty sure I would feel way worse if it was going on on my property rather than it happening a mile away on someone else's.   

 He has registered and I was told he is completely compliant in regards to the law. 

What about playing it slow and hopefully getting closer to Feb?  My realtor is also the listing agent, I assume he can legally tell me when there is another offer and maybe I could make an offer at that time.  

 I don't know, it's completely possible that this girl was his new fiance's daughter.  

 There are children in the complex.  The day I looked at it, I actually seen the guy.  A young girl was around him and they were looking at a kitten.

I was all set to make an offer on a 8 unit(4 modular duplexes) last Monday 'til I found out there was a sex offender in one of the units Sunday night.  I looked up his court case and found out it was for 4-5 years of molestation of his girlfriend's daughter from the ages of 6 to 10.  He appealed his sentencing and this quote came up in that case.  "In addition, the trial court noted several other aggravating factors, including xxxxxx‟s failure to successfully complete probation, his pattern of physical abuse toward women, his history of substance abuse, evidence of multiple instances of molestation toward the victim, and his violation of a position of trust."

He was sentenced to 5 years, somehow he only served 1 and got out.  The property manager tells my realtor on Monday that he told them it was a young girlfriend situation and that is why he is on the registry, I told them that it was bull and the real reason he was on there.  The property manager says he has been a good tenant for 2 years and is now engaged and goes to classes and is trying to get his life back together.  

His lease isn't up til February.  I haven't seen his application and see if he lied on it when talking about the sex offender status or he just told "his story" to the property manager and there isn't a record of him lying. 

It is currently bank-owned and we asked the bank if they would consider an offer contingent on them removing him before closing but they got back to us today saying they would not.  So here I am now.   

 A house used to be on this lot.  My parents bought it in 05 and tore down the house.  It is in front of their business.  It is .43 acres.  Not sure about zoning, this is a small town and on the property cards nothing is listed for zoning for any property. They are all just blank. I don't foresee any issue on getting approval to put a duplex or tri there though. Thanks

 I would be holding them and renting them.  Rents in those units I were referring to are going for 600.  There are units in my town going for 750 though yearly and 815 month to month.  Those seem high though, I haven't seen inside those units to see exactly what they offer.  I would have the only new construction duplexes in my town for the time being.  Hopefully I can get a realistic price from a GC or two this week.