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9 March 2020 | 9 replies
It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris lawsuits and/or Morris Invest lawsuits for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.
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4 March 2020 | 6 replies
Another get Rich Scheme with no money of your own.Next people are going to want free medical and free college and not have to work for it.
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4 March 2020 | 2 replies
This is a medical practice building with one tenant.
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5 March 2020 | 2 replies
(He very brash and aggressive and wants to control the conversation)My assumption is he’s tried to sell the property before and was offered 80K because he keeps throwing that number around as what he would never take.He claims it’s a 3/2 ranch that’s vacant and sits on 5 acres of land that he owns free and clear of any mortgages or issue with liens or taxes.
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11 March 2020 | 15 replies
Requiring renter's insurance can also help protect you from claims of damaged property.
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9 March 2020 | 62 replies
Sounds right, as long as the loan is used for rental activity, there is no issue claiming interest.
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5 March 2020 | 11 replies
I am not worried about trying to claim ownership or anything, since mortgage is under Homeowner (A)'s name.
4 March 2020 | 7 replies
-Contact HUD (BP is preventing me from listing their phone number)-Take the landlord to small claim's court-Contact the local media and tell them about the situationYou can even find a lawyer who might take the case pro-bono just to nail the landlord to the wall.
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26 January 2021 | 7 replies
I admire your vision as a Medical Professional to get started in self managed real estate.
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7 March 2020 | 27 replies
There is not a problem with deposits being refunded in our state and if it occurs the former tenant has a clear path for recovery of triple damages through small claims court and subsequent lien as it would be non exempt property