All Forum Posts by: Paul Zofsak

I have always provided stove/oven, built in microwave/hood exhaust, and dishwasher.   I was mentored this way since washing machines and dryers can be easily abused big ticket items and if a tenant moves out leaving a fridge full of food; same thing.  Its almost impossible to get the smell and the mold out of it.

So the property will be deeded back to my father in the next few weeks. After weighing all the options I feel it will be best to sell the property to an investor. The property does need some work and technically has a tenant even though it appears they are no longer living there. I don't have any connections in the area other than my real estate attorney; she is looking into some possibilities on her end but I wanted to reach out to the BP community and see what results I could get. What would be the best way to connect with investors in the area of Clarksburg West Virgina on Bigger Pockets? Another possibility I see is having property management companies offer it to their clients; or take it on themselves. Either way this is an investment property and does need rehab; I don't want to go the MLS route or pay 6% commissions to boot.

Any help pointing me in the right direction is greatly appreciated.

I would prefer to skip the 6% sales commission for listing on the MLS and this is an investor property anyway.

He did not get it back at the auction, doesn't work like that. He would have to either find a buyer or buy it back himself; that's how the contract was structured.

So I finally found an attorney in the area if my dads place. She listed the property for sale by auction on the courthouse steps; no one showed up. Now I need to either find an investor/wholesaler that is interested in the property or buy it back. I don't really want to buy it back being so far away and not having the resources to manage it from here. How could I reach out to investors in the community to gauge interest?

Hi All, My father has a house in downtown Clarksburg that we are about to possibly "buy back" as the buyer on the seller financed loan he sold to has defaulted.  The house went up for sale at auction on the county courthouse steps today; however no one showed up to the sale our real estate lawyer posted in the local paper.  I should preface anything else by stating that we are in Texas and are doing everything remotely.  At this point we have several options that I know of; we can relist the house at auction (condition of the original contract with buyer), buy the house back, or buy the house back and sell the contract to a wholesaler/investor.  I really don't have the funds to put any type of rehab into the property and would prefer to just sell the contract if possible.   So, in the end I am trying to gauge the market in Clarksburg at the moment and see what some locals have to say on the situation.

it's in Clarksburg. it's actually a commercial building with residential lodging on the second floor. my father had a small business on the first level and lived on the second level.

it's in Clarksburg. it's actually a commercial building with residential lodging on the second floor. my father had a small business on the first level and lived on the second level.

My Father sold his home in WV and setup seller financing for the buyer.  He is now in Texas and the buyer has not made a payment since January and is not responding to attempts to contact.  I am not aware of the specifics of the contract at the moment but I need to help him with this.  I would imagine that we would need to get an attorney of some sort involved, but what type, real estate?  Also, would it be best to secure an attorney that is local to us in Texas or local to the property in WV?  If I do need to find a real estate attorney would I be able to source one through bigger pockets? 

i think converting it back would be much more costly than what it would be worth.  However, the extra space may add perceived value to a potential tenant in this area.  I have seen several converted garages in this neighborhood, so the the type of tenant looking to move into this area may see this as a plus.

I have a great opportunity to pick up a nice single family home 3/2/2; the numbers are great but the only thing i am unsure about is that they have converted the garage into an additional living room.  The remodel looks to have been well done but I have never dealt with this and would like to know:

How will this affect the appraisal, market desirability, and would it be worth it to convert it back?  I plan on rehabbing and leasing the property.