All Forum Posts by: Joey B.

I'm in Marion Ohio. I'll do it with the attorney this time to try and learn the process. I contacted the renters this afternoon to let them know what I did and if I got the rent money tonight I would not file the 3 day notice and start the process. She said," you want to play like that huh?" :violin:

I went to city hall after work to start the eviction process and was told that I have to go through a lawyer because of all the proper wording that has to be in the eviction notice. Is there anywhere that I can download and copy of something like this that I can use instead of paying a lawyer $200?

I have renters in one of my houses that have been jacking me around on paying the rent for the last 3 months. Well, November is still not paid and I talked with them and they keep giving me the "we'll have it next week speech." :violin: As you know, next week comes and I get no money. Its the end of the line and I'm going to start the eviction process with them. I'm going after work today to do this and was wondering if there were any last words of advice since I have never had to evict anyone. BTW, I won't be so nice in the future!

Thanks for your info. I learned more through this thread then I did the last six months trying to hunt for people that have a clue what the guidlines are. It never occured to me that there were forums for real estate just like cars or anything else. 8)

Thanks, thats good info, but I'm not sure if those guidelines are refering to the first property or the second. I'll try to make my situation a little more clear.

I own and have a loan on the house I live in. I also own and have a loan on a rental property. Then I have a third property that I just purchased with cash, but the cash came from two credit cards via direct deposit into my checking account at 2% interest for a 6 month time period. (this is how I bought my first rental and then after I fixed it up I got a mortgage on it) With the house I just purchased I would like to rehab it, sell it, and put the profits directly into another house for the purpose of long term rental simply for the purposes of avoiding a bank loan and having the debt on my income ratio. If possible I would like to keep repeating this procedure. (buy, rehab, sell, invest in long term rental)

Thanks :wink:

Have a question I can't find an answer to. I just bought a house that I am planning to rehab and sell and hopefully profit enough to pay cash for another with those profits and then rent the second one. This is not my residence. I am wondering if I can avoid capital gains by reinvesting the money in a "like kind trade" by buying a house with this money and then renting it out. (so I can pay cash for it to avoid a bank loan)

Thanks.