All Forum Posts by: Tamatha Mallard

Hello everyone thanks for all the replies. The buyers were asking for $125,000. We settled with them after their attorney left them after taking the grandmothers money and wasting time on a bogus law suit. The buyers came down to $50,000. Ended up settling for $20,000 after their attorney left them high and dry. SMH waste of money. My business partner and I ended up paying $5,000 which we split. Spent about $25,000 fighting it. We would have settled sooner but they were stuck on the $50,000 (until the attorney left them) and my brokerage also had a crossclaim against me. Which they dropped after I said i would settle if they dropped the cross claim. Something my attorney never asked them to do.

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For sale in the historic district of Marks Town Indiana. Call me for details 813-480-6803 Best offer!!

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Hammond, Indiana

Kayla wishing you luck! Alos don't feel bad. This was a learning lesson. This is how you must look at it. Put your bad *** investor thinking cap on and you will figure out a plan! You have been given some great advice here, because even in a war zone.. we have a housing shortage in this country and people need a place to live.

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I believe centier bank does. they have them in Indiana

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Hello I’m actually being sued now the buyers are saying the same thin. Mom disclosure. I’m the agent and it was my flip. The had a home inspection. Came back with a list of things they wanted repaired. We fixed all of them. This was back in 2020. This is new to me. Very stressed right now.

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Quote from @Adam Craig:

Thanks for the replies. They bought the house for 164K and they are suing for 150K - I cannot see how this number makes sense, my attorney says they are likely just throwing a number out and seeing what sticks. Essentially they are saying I knew a lot more then I disclosed and they are unhappy about it.

The city had a standard point of sale repair list naming more then 90 items when we purchased the property. We completed all of them and the city inspected and signed off with a compliance certificate. Additionally the sellers had their own home inspector and they came up with a list of about 10 things they wanted fixed which we did and they signed off on it.

At first I was not worried. But when I got my first bill from the attorney for 3000K+ I started to worry about how high legal costs could get even if they buyers dont win. That is why I am going to contact insurance and see if me or my LLC can be covered.

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Hello Vlad Tampa is a great place to live. The market is the hottest and one of the fastest growing markets in the country now. I am a realtor and an investor. Welcome! And best of luck !

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Tampa, Florida

hello Jezelle pleasure to meet you. I’ll look for that podcast. I listen to David all the time. What you’re doing is exactly what I want to do.
i live in Tampa Florida. But intend to buy / hold in my home town of Gary. I'll reach out to you once I get approved. I may go the HELOC route since I have quite a bit of equity in my house.
thank you so much.

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Tampa, Florida

Thanks

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Tampa, Florida

Quote from @Tamatha Mallard:

Quote from @Ashley Cross:

A line of credit is a great tool. With hard money you can use an unsecured line of credit for the down payment unlike conventional loans. Of course, make sure you are running your numbers so you aren't over leveraged. It's a tough market and rehabs are getting more expense. Also, make sure you are sure of the comps for the refinance and you know you'll be able to qualify for the refinance.

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Tampa, Florida

All Forum Posts by: Tamatha Mallard

Tamatha Mallard has started 7 posts and replied 30 times.

Post: First time being sued for non-disclosure issues. Advice

Post: house for sale

Post: Looking for Guidance and Help to Get Out of a Baltimore Property

Post: Banks still offering HELOC’s?

Post: First time being sued for non-disclosure issues. Advice

Post: First time being sued for non-disclosure issues. Advice

Post: New Investor moving to Tampa Region (STR, House Hack, SFH fixer)

Post: Rental property refinance

Post: Rental property refinance

Post: Rental property refinance