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30 April 2018 | 2 replies
Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
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30 April 2018 | 3 replies
And if you didn't have someone you could trust to do the management in either place you probably still would have lost money.So, if I were you, I would pick several markets with good job and population growth and begin to research them and talk to the realtors and property managers in the area.One of them will likely reveal itself to you to be the right place for you.But definitely don't listen to a bunch of yahoos online :)
2 May 2018 | 16 replies
The date the mtg was First Recorded against the property is what matters, not when or how many times it was later sold.This is a very clear cut question, and makes All the difference in how it has to be dealt with.Since you have a title co telling you there is a problem, I suspect this is the case.If your county property records and recording information is available online as it is in most places, it would be fairly simple for us to see what happened when, with the address.
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30 April 2018 | 3 replies
I'll weigh in with my non-legal advice and say that you'll need to dig into your HOA bylaws to determine how formal HOA violations are addressed and, specifically, how they are to be appealed.
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21 May 2018 | 12 replies
Luckily you have some options however I want to address the insurance angle.
1 May 2018 | 3 replies
Former pro did something to lose the trust/confidence of the client. 4.
1 May 2018 | 9 replies
So I found a potential short sale and gave him the address, turns out it was listed and the owner didn't know and I didn't check because I thought he would know.
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17 January 2020 | 13 replies
Frankly, I wouldn’t trust her to leave or to live up to this agreement as she’s broken 2 others with you already.
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1 May 2018 | 1 reply
hello Team,I recently evicted my tenant from my apartment and i was also rewarded the 4,400$ back rent the tenant owned me, now the tenant have moved to a new address that i do not know, which make it hard to take her to court to collect the money owned, i live in Worcester,Ma I have a feeling that she still live in Worcester, the question is, what are my options at this point to collect the money?
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3 May 2018 | 6 replies
If anyone knows the Virginia market, this property is located in Petersburg, VA in case that influences your feedback.I have negotiated subject to and owner financing to purchase the deal using the following structure: I will pay $8k in cash I will take over the existing $59k mortgage payments (28 years left) of $506.70/mo PITI paymentsThe owner will wrap the remaining $8k into a second 15 year mortgage of principal only payments of $44.44/moTotal monthly payment $550/moThe Deed of Trust will transfer to me at closingI will sell the property via Owner Financing to a tenant buyer using the following structure: Purchase price $85kPay $10k downI will finance the remaining $75k for 10 years at 10% interestMonthly payments of $1000/moBuyer may cash out anytime after the first 5 yearsTenant buyer covers repair costsDeed of Trust transfers when tenant buyer cashes property outBasically this strategy is a way to get all my money invested out of the property and avoid typical rental property expenses to keep all of the cashflow.