All Forum Posts by: Mike Crossman

yes

I need to pay off my house at the end of the month but I found something i'm not liking, I thank i have mold in my acetic. It is very damp in my acetic. I found out when i look up at my bedroom ceiling and found ripples in my paint. I'm going to get a home inspector in here this week. What can i do if i find out there is, I have a 7 month old baby and what can happen if i leave will i get sued for wear and tear or anything like that in Michigan. Thanks a lot i need info from everybody lawyers, investors, etc

I need to pay off my house at the end of the month but I found something i'm not liking, I thank i have mold in my acetic. It is very damp in my acetic. I found out when i look up at my bedroom ceiling and found ripples in my paint. I'm going to get a home inspector in here this week. What can i do if i find out there is, I have a 7 month old baby and what can happen if i leave will i get sued for wear and tear or anything like that in Michigan.  Thanks a lot i need info from everybody lawyers, investors, etc.  

Don't let them go with out paying for too long it makes a bad habit. You have to put business first. If they are not paying I would contact a lawyer and evict them.

I mean like reports ect.

I have been learning and watching landlords for over a year now. I have one tenant now but i'm house hacking. With that being said I have 3 places I'm lookin at. I have apt with an agent on Friday to look at the places. my ? Is to you. Coming Friday is there anything I should ask the agent for. Thanks

Welcome to BP.

Hello, Welcome to BP. I'm new also and learning a lot. Wish you luck on your journey In Real Estate Investing. 

My sister is renting out a four bedroom, full basement, living room, dining room, kitchen, front porch, nice yard, etc...anyway shes's renting it from my step dad.  She only pays $200.000 a month and my step dad is going nuts.  He's says that is is forking out way to much which is understandable in his case.  So my step dad and I got together and I asked him what is the minimum he would take for the house and he said $20,000 on a land contract.  I'm not worried about the family aspect of things because business is business and even you know that the rent must be raised.  I'm in the process right now of making my lease which is going pretty good in which stuff is mandatory like online payments.  I guess in conclusion to this I'm asking any investor that has dealt with family or any of this I could use some advise, instead of walking with the flow like I'm going to be doing.  Talk to you soon.

Thanks for the Welcome.