Our property manager had a handy man install the new fridge.Fast forward to today, I get a call from the Property Manager saying that the new tenant reported water leaking behind the fridge, after a deeper look baseboards are curling up, mold is under the baseboards, and they need to remediate mold and likely replace the floors!

Hypothetical question,If a borrower of an active mortgage is at pre-foreclosure and they decide to transfer the deed to another individual, what are the consequences for borrower and if any for the new individual that acquired the deed?

I started at 10% but now I pay 5% and in the process of doing internally (due to economies of scale) but as you grow or acquire new properties, try to always improve your terms.

Her cash flow was very healthy and she kept acquiring more SFHs.

That way if they do not pay on these issues or remedy them then it will be a breach of contract to start a evection process.

With current situation, acquired our rental in 2019, we owe $14k.

The only thing keeping you from acquiring another property is you're waiting for your current project to sell. 

It’s unfortunate but could be a great opportunity to acquire businesses and help ease the burden off of the owners.

Kier,Thank you for the information you provided recently regarding equitable interest.Guidance the Department received from the Virginia Office of the Attorney General indicated that equitable ownership exists if there are no further terms or options to be met or exercised by the individual attempting to acquire the subject property within the contract.

If you’re looking to do RE investing, his advice is still great, and I’ll add this: if you have someone who will partner with you, I can show you how to acquire a property for a lower down payment and get most if not all of your renovation costs financed.