All Forum Posts by: Randon B.

@Ned Carey  got to it first!! "AWESOME"

Thanks for the insight guys.

He is a long term tenant of 9 years with the previous owners and they are going to offer him seller financing with the new place. 

I am going to work with him so I am going to offer him to change it to a 6 month lease and hold his $500 dollar deposit from the previous owner 9 years ago. Seems fair to me

One of my inherited tenants that has always resented me because of my age and me being his land lord wants to know if I would work with him so he could buy a duplex around the corner.

He is 1 month in to his year lease, and the original owners of the duplex contacted him to see if he wanted to buy another one of theirs. I personally would rather have him out so I can get into his side and start renovating his side. 

The problem is I'm not ready with the one side yet, and I don't want the holding costs it would take to have a vacant duplex for the month or two it would take to get the both of the side ready.

I would like to work with him. I'm thinking of offering him to change his lease to a 6 month term and withholding his security deposit.

What would you guys do in this situation? 

Thanks

Hey man you have great realistic outlook towards beginning in RE.  

Wholesaling is a lot harder than gurus make it out to be.  Also people just think that they will start doing deals and then they can quit their job. Not always true nor very smart. You have the right idea, keep your job, study, network and save. Go tour houses, talk with buyers and sellers and grow organically in your real estate career. Things will become clearer and you will fall into what fits best for you naturally.

@Sean Terry  You rule man!!

@Chris Williams  100% accurate

Awesome!

I think Cedar Park and Leander are great rental areas. I've generally found that people are willing to make the commute. And if you driven up 183 during rush hour you know that it just getting more packed!

Hey welcome to Biggerpockets @Kristina Modares !

Hey welcome @Christine Newton  BP is a great place to learn and such a great tool to use in your business.

I will make a cash offer on your contracted property. I will not assign any contracts and will close the deal. I don't care what you're making if it works for me. 

Looking in the Greater Austin area:

Georgetown, Cedar Park, Leander, Austin, Round Rock, Williamson County, Travis County, East Austin, Kyle, Buda, San Marcos, Dripping Springs, Manor, Bastrop, Hutto, Taylor, Phlugerville.

Add me to your buyers list, [email protected]

Call me @ 512-270-9123