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All Forum Posts by: Randy Rampersad

Randy Rampersad has started 2 posts and replied 5 times.

Post: Association dues increase while tennant is occupying unit

Randy RampersadPosted
  • Flipper/Rehabber
  • Pompano Beach, FL
  • Posts 5
  • Votes 0

That's a bummer....

Post: Association dues increase while tennant is occupying unit

Randy RampersadPosted
  • Flipper/Rehabber
  • Pompano Beach, FL
  • Posts 5
  • Votes 0

Tennant is ona 1 year lease and association decides to increase fees by $50 right in the,middle of the lease, however with this increase internet is included, can I raise the rent in the middle of a lease since this utlity/ internet was not included on the lease.

Post: Loan maturing on a flip, awaiting sale!!!

Randy RampersadPosted
  • Flipper/Rehabber
  • Pompano Beach, FL
  • Posts 5
  • Votes 0
Originally posted by @Andrew Postell:

@Randy Rampersad you would need to speak with your lender on this scenario specifically.  Some lenders will grant an extension...but it will cost.  And some lenders won't grant an extension at all and just foreclose on you.  I have felt that the ones with a good reputation will grant extensions...but certainly ask whatever lender you are working with to find out what their policy is.

That is an option but I just want to sell it asap.

Post: Loan maturing on a flip, awaiting sale!!!

Randy RampersadPosted
  • Flipper/Rehabber
  • Pompano Beach, FL
  • Posts 5
  • Votes 0
Originally posted by @Wayne Brooks:

You’re priced too high for the house/condition/neighborhood....assuming you have it in the mls. 

I do have it on the mls, market is around 480k ARV appraisal came in at 487.5k just lowered the price to 469k

Post: Loan maturing on a flip, awaiting sale!!!

Randy RampersadPosted
  • Flipper/Rehabber
  • Pompano Beach, FL
  • Posts 5
  • Votes 0

What do you do when your loan has matured on a rehab property and still awaiting offers.