All Forum Posts by: Natalia Jimenez

Hello,

I have a tenant here in CT that is breaking their lease 4 months after moving in. It is a 1 year lease and per the lease I will keep the security deposit. The problem now is we’re half way through February and I haven’t received this months rent. They say they’ll get it to me before they move out on March 2nd. Which I’m starting to not believe each time I ask for the rent they say next weekend because they don’t have it. What can I do? If I get a lawyer do I have to pay the fees or can the court make them pay for the lawyer fees? 

Hello, I need advise as to how to split my profits if i go into a partnership with my brother who is a general contractor. We are looking to buy a foreclosed home to flip and sell in as little as 6 months. I would be putting the down payment down on the house plus using my lowes card to buy all the material, he would be just doing the remodeling of the home. He says he just wants a percentage of what the house is sold for. Now we live in Connecticut and are looking into buying in the New Haven County Area, Basically buying a house that costs about 50k flipping it and selling for example 100k. If i put 20k down cash and put the rest on a loan and the material on a card, how much should his half be? 

Please Advise I'm new to the House Flipping Business.

Thanks