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10 October 2018 | 23 replies
But anything more than 6 months is very ownerous (in what is legally required by you regardng disclosures and a large handfull of other ongoing legal maintenance items) and you put yourself at huge risk as juries will be more sympathetic to your L/O tenant in which case a normal forclosure on an Owner Finance would be easier to deal with.
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20 March 2015 | 17 replies
The primary item I notice in the kitchen photo is how much the near white walls make the cabinets seem much more colorful than they may actually be.
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1 December 2015 | 18 replies
Attorney has realistic client control and more influence over seller than you, in this case.Reduce your deal basic terms into about 7 essential line items, such as:1) Consideration2) Terms3) Possession4) Inspection 5) Title6) Escrow7) Buyers vestingNow that you've spooked the attorney, it will be harder to close.
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2 March 2015 | 17 replies
Just weighing my options.Mortgage on $240K at 75% LTV would be about $800 monthly PI and would net us $180KIf we eliminate 1 car payment and the furniture, that would net us paying $200 monthly more than if we kept those items under payment terms.
2 March 2015 | 6 replies
The other item that your tenant might want to sue you for is an injury on the premises.
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2 March 2015 | 10 replies
I would mention that I had the letters and see if he wanted them.I have offered or returned items in the past most folks are surprised only ran across one nut who had rented a place 30 plus years before from a couple we got it from.They had stored a lot of stuff in the attic I was warned she would be a problem and to keep what I wanted and trash the rest but I insisted on returning the stuff so I called and I hauled the boxes and luggage to her She started with calling me a thief,actually called the cops in the small town saying I robbed her That I kept antiques coins other junk(cop got a kick out of it and said I shouldn't have gave her anything back)her husband said that they had forgotten about the junk She told people in the area I was a crook for awhile lol Later she went to realtor school and offered to help me find property
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4 March 2015 | 26 replies
What defines 'PIG" is functional obsolescence, age, CapEx overhead due to the previous 2 items, class of tenant attracted to location and structure, etc.$30,000 in SFR space buys 1 type of thing
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2 March 2015 | 0 replies
It states that 'tenant shall pay for all utilities, cinluding, but not limited to: electricity, heat, telephone, fire alarm changes, heat system maintenance costs, janitorial and cleaning charges and snow removal from xxx street in front of premises. and then in another section goes into more detail that I shall be responsible for 'normal maintenance of such items including, but not limited to heating and air conditioning systems' He said that the heating system is only two years old and that if something was broken beyond repair it would be on him but it is written out and sounds like there should be more detail. opinion?
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4 March 2015 | 17 replies
JV With the Seller - Minor RehabDeal Details - Granny's House ARV $300K40 year old house - Free and Clear, good neighborhood, all major items in good shape, from roof to foundation to HVAC.Problem, the house is dated.
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3 March 2015 | 1 reply
Now I've reached a moderate point where I still see the dollar signs, but they're itemized and arranged in rows and columns, cash in and cash out, risk and reward.