All Forum Posts by: Sanya Wu

@John Mason Thank you! @Tyler Lingle unfortunately I won’t be able to attend the one on 12/5 but will definitely check it out your events next time when I’m in town! 

Thank you! 

Hello Indy Investors,

I hope this isn’t too last minute! I’m based in Southern California and have been looking into the Indianapolis market for the past few months. I finally have some time to visit Indy this weekend (10/26-10/29) and would love to attend any local real estate events while I’m there. Does anyone know of any meetups? If not, would anyone be interested in connecting over a drink or coffee on 10/27 or 10/28? Let me know!

Thanks for sharing @Kevin Sobilo! Those are great strategies. I wish my realtor had mentioned different options before we made the offer. My plan now is to wait for the inspection report and then negotiate with the seller from there.

@Jonathan Greene That’s what I’m thinking, especially since it’s a month-to-month lease. I don’t mind inheriting tenants, but I didn’t think to include an estoppel or proof of payment in the agreement. Lesson learned!

 I’m still holding out some hope for this property. It’s hard to find a good cash-flowing property in California, where I’m located. I already have a property in California for appreciation and am now looking for another to boost cash flow. However, if the inspection report reveals more issues than I’m willing to deal with, I’ll likely walk away.

Hey Kevin,

I did receive the lease agreement from the seller. I'm asking my agent to request an estoppel certificate, and I'm waiting for their response. However, I have a feeling they might be hesitant to provide one.

Since this is my first out of state investment, I'd likely walk away if the tenant turns out to be difficult. I'm trying to minimize headaches and risks as much as possible. But it’s definitely something to keep in mind for future reference. Thanks for the advice!

I’m currently under contract for a rental property, which is a duplex, and one of the units is occupied by a tenant. We’ve repeatedly asked the seller to provide the tenant’s rental payment history, but there has been no response.

I asked my realtor how we can verify the payment history, but she didn’t directly answer and simply mentioned that I can either accept or deny the lease (it’s a month-to-month lease, which I’m fine with).

Should I move forward with the sale? What can I do to protect myself, as I want to avoid inheriting a tenant who may not pay rent on time or may need to be evicted after closing?

Any advice is appreciated!