All Forum Posts by: Alex Alaniz

this is a partnership and partner A wants to go after neighbor b and make there dogs go away for not reporting it right away....

What are your thoughts on this?

the police officer said it is the law to have your pets leashed and maintained.  However, in this scenario, is an eviction Of the dogs the right move? If so, do we evict all dogs?  However tenant b is saying he can't work now because his hand is damaged.......thanks for the advice and your time!

-Alex

Question for my multi family investors. In this particular scenario, I have a duplex and each side have 2 dogs. Neighbor A's dogs are never leashed and neighbor b's dogs are always leashed. A's dog ran after bs dog and bs dog bit neighbor A as a result of him sticking his hand in her mouth to try and break it up. My question is who's at fault and what should be the protocol following this?

I try to be as little vested as Possible, and a bank makes a great business partner for this.  As long as you have a great loan officer. They are not all equally good. 

Good luck!!

lots of strategies for obtaining funds.  i bought my first one which happened to be a hud home, used the small amount of equity in the house and did some updating than did an as completed appraisal, did a cash out refinance and finsihed the house with the appraisal money. It currently rents out with a positive cashflow. 

wow that is terrible. Looks like he intentionally vandalized your property. Did you not get along with this particular tenant? Did he violate the lease? Why was he so far behind in rent?

Keep us posted I'm curious to what ends up happening.

Good luck.

Here is where I am at right now. I am house hacking a Foreclosure I am currently living in. I Still have a projected 5 months of rehabbing to do. I am running out of cash to do so and the ARV of the current property will give me a nice chunk of equity to invest with once I finish. Meanwhile, I have come across another opportunity to make some quick cash and create some monthly cash-flow as well. However, My bank is on the fences with my first initial proposal which is:

Purchase Price $69,000, This will be a buy and hold, rented out for $875.00 a month and is move in ready. Seller agreed to leave 20% in for my initial down payment to push the loan though and I am pushing he pays 100% of all closing fees.  Bank says committee won’t like financing 80% and also having a 20% 2nd mortgage on the property.  I think he misunderstood the 20 % in.  I suppose the seller would be gifting that to me.  How can I word this or write up a deal to make this work?  

Thanks!

Alex