Originally posted by Mr_Investor:I'd get California under contract and flip it to Mexico for an assignment fee :mrgreen: Nope Mexico has no money either...Now those drug lords in Mexico those guys have serious $ $ $ and muscle to go along withe the $ $ $ :wowo: :wowo: :wowo:

Two of them offered to barter their services with him in exchange for rent.I had one tenant arrested for carrying a kilo of drugs in his car.

You have no idea what the source of the money is, possibly drugs, and take a very high risk accepting cash in advance.

At the very least, this tenant is possibly on drugs and I think she's sort of a "risk" for trashing her own house before she leaves if she's unhappy about being forced out.

That felony drug possession was from the other guy in the car, and we didn't kidnap that girl, she hitched!

That client will not have a drug history (maybe booze, but not a drug history) drug convictions are a qualifying issue.

So today I called this persons next employer for when they move to town and they have the position but it is awaiting a drug and background check.

It was fairly dark, much about our economy being a multi-bubble economy, the weakness in housing for various reasons (including the 50% or so cash transactions and the REITs buying up quite a bit), and inflation scares, our massive debt problem, the impending meltdown of the dollar, politicians being inept, and the prescription of getting out of real estate/bonds/securities and getting into gold and inflation-based securities, etc.

On a deal like this, It'd be worth it to consult with an attorney and have them put in a provision that if the lease terms are broken, like the corp's tenant is dealing drugs out of the house, destroying property, etc, remaining rent if fortified as liquidated damages (I'm not a lawyer, they could make that sound nicer).Still check basics like are they an established corp, maybe try to lookup their gov't contract or request it from them, basic financials, etc.

I've been into a drug house before, and it wasn't disclosed.