All Forum Posts by: Matthew Williams

Hi everyone, just a quick question when you have a seller under contract for a wholesale assignment. When I put down earnest money deposit and if I back out or can’t fulfill it I lose the deposit that’s my consequence. Is there any consequence to the seller backing out of a contract?

@Bruce Arellano were you able to get a water turn off list in CA?

It sounds like in California, no you cannot get records of people who have had their water turned off unless you can convince "..the utility... that the public interest in disclosure (of these records) clearly outweighs the public interest in nondisclosure.”

The paragraphs below are from here https://firstamendmentcoalitio...

Unfortunately, there is a specific exemption under the California Public Records Act that exempts from disclosure “the name, credit history, utility usage data, home address, or telephone number of utility customers to local agencies,” though it goes on to state that such information may be made released “[u]pon determination by the local agency that the public interest in disclosure of the information clearly outweighs the public interest in nondisclosure.” Gov’t Code 6254.16(f). The legislative history and bill digest for this exemption are informative; the bill digest reads: “This bill would prohibit the release of specified information about private citizens who are utility customers of local agencies contained in public records, such as name, address, and telephone number. Exceptions are made for authorized family members, police, courts, official government business, and where the utility determines that the public interest in disclosure clearly outweighs the public interest in nondisclosure.”

That said, it may still be worthwhile to submit a public records request. For your initial missive, I would recommend sending the city a written request specifically describing the records that you seek, and specifying—as you did in your email below—that names and other personal identifiers can be redacted. Under the Public Records Act, the city should respond to your request within 10 days, letting you know whether it will release the records or not, and if not, exactly why (citing the specific exemption and describing how it applies to the records that you seek). Gov’t Code 6253(c). After you hear back from the city, you can then make your case with respect to the public interest in releasing this information, if necessary.

Hello all,

I am considering doing a direct mail campaign to find a primary residence for my pregnant wife and I.

I was wondering if it is appropriate to Visit the house of an interested seller before making an offer, or is it better to make an offer as is?

Thanks!

@Randall Weatherall

Not at all, I appreciate the insight!

@Chris Tarpey Thanks these two things I have heard before. Beyond that it doesn't appear there is much to do, unless their lease will already expire like 3 months through the 6 month rehab process then it could work. But yes I suppose you could offer them money to shorten the lease and find a new place.

@Eric James Thanks for sharing. I brought this up because a broker asked if I was willing to entertain properties with tenants in place.

Hello everyone,

I was wondering if anyone had advice on how to renovate a property when there is a prior tenant who still has a lease. My strategy is to use hard money to buy and renovate then refinance to get the down payment back.

But if there is already a tenant, whose lease expiration date will not leave enough time to renovate before the hard money is due, Can any thing be done to overcome this?

The reason I ask is because I don’t want to have to return to the unit when the lease expires to renovate it with my own money, I want to do it while I have the hard money and the ability to refinance in order to pay for it all upfront.

Is anything possible in the situation?

Thanks all

Hi all,

I am from Long Beach, CA and researching Memphis, TN as a place to invest in rental property. I was wondering if anyone can tell me whether the area around Rhodes College is good. I know this is a much smaller campus than University of Memphis, but does it appear to have any positive effect on the square mile radius or so surrounding it? 

Thanks