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26 November 2011 | 50 replies
He collected 11 months rent minus the furnance.
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18 November 2011 | 11 replies
Okay........Have a tenant that I filed eviction on.The county was backed up so took awhile on the writ.Marshall is serving the eviction the 21st of November after 3 months from filing court date.The woman became disabled and filed for SSI disability.I talked to her case worker and the usual time for review is 2 years to get approved or denied.She told them she was getting evicted and sent evidence.They escalated and marked file for review.When I discussed with case worker even though file is flagged it still has to go through the judge for review which takes 2 to 4 weeks and then if approved SSI will send me the landlord the back rent owed which is around 4,000 with late fees and penalties.So the answer from SSI will not be in time before the eviction.I already told the tenant today I need at least half 2,000 or I am not stopping the marshall from evicting on the 21st.The lady says she would call me back and says she might could get the money but the issue is she can't pay me because when she goes for review for SSI they will ask where she got the money to pay rent.Then she could lose benefits or amount of lifetime benefits going forward and will not risk the lifetime benefit.She said if I just waited I am on the forms to get paid when she gets approved.My thing is If I cancel the marshall then I have to refile eviction and with the Holidays it will be January or February before I get them out.I told the lady I was not stopping it for a 600 payment and that she is not guaranteed SSI approval and I can't stop it on a PROMISE.We will see what she does.I told her to pay by Sunday.If I get 2 grand now it will be one less unit I have to rehab and then if SSI doesn't come through with the rest in 4 weeks I can evict again.She is judgement proof even though I have one on her I can't collect from pensions etc. with garnishment or bank levy.She was a tenant I inherited from a previous landlord 4 months ago when I bought the place and she used to pay on time before getting hurt with her back.Any thoughts or dealings with SSI Disability will be helpful.
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22 November 2011 | 7 replies
(This is my first income property analysis, so be gentle…LOL)Asking price- $130,000Down Payment $5,000 (3.85% I know not much skin in the game)Required maintenance $0 (I am not naïve enough to believe this, but haven’t gotten any concrete data to refute this claim (By the owner).
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11 December 2011 | 7 replies
I assume you don't have a foreclsoure, or bankruptcy in your past what about collections and judgments.
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23 November 2011 | 3 replies
However i have found success in searching the MLS for deals for investors and collecting the front side commission and letting my investor wholesale it..... in my case however ... i also have a list of investor/buyers which allows me to collect a percentage of the wholesale fee.
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20 January 2012 | 7 replies
I understand a shortsale must be an arms length transaction but I do not see why an agent can't represent himself and collect a commission at closing?
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14 December 2011 | 40 replies
Break your sets down to price per square foot.Websites such as Zillow and Realtytrac are Automated Value Models (AVM) which means they collect this data and calculated it without any human adjustments.
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9 December 2011 | 10 replies
(the lender will have to pay for it in advance).Sometimes there is language in the note and security instrument that allows a lender to not only collect on any and all advances (such as taxes, insurance and legal fees) but also charge interest.
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13 December 2011 | 22 replies
As the broker's assistant, I'm pretty sure you could use their MLS access, show properties, and potentially collect commissions depending on the arrangement you work out with the broker.
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14 December 2011 | 9 replies
Did you collect 3 separate checks for the security deposit?