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27 July 2018 | 8 replies
I would say that the longer you plan to keep the property and "leave" the debt on it.. the more I would lean toward the mortgage.
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31 July 2018 | 20 replies
As others have said, yeah, if an inherited tenant will be month-to-month, definitely leave it that way so that when you own the place and find out that the tenant who was apparently so great really isn't, you are not contractually obligated to them.
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26 July 2018 | 3 replies
Tenants will leave when they want regardless of a lease or TAW.
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12 September 2018 | 7 replies
@Jonathan New my experience is that banks always want something left on the table, sometimes you can talk them in to you leaving in 10% instead of 20% but the example i gave is really just to show the reason people would buy repairs on the HUD
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26 July 2018 | 4 replies
My tenant now wants his tenants to leave.
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26 July 2018 | 1 reply
My first worry would be liability concerns.
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26 July 2018 | 7 replies
In working to get insurance, I found out the home was not insurable and I wouldn’t be able to complete the repairs in under 30 days to get it insured because it is currently tenant occupied until the end of the lease.I notified the wholesaler that there are some issues here and I would either need to buy it with cash (as intended) and leave it uninsured while hustling to do the roof, AC, and electric panel in under 30 days (a little tough to do with the permitting of a roof in Brevard county, FL right now).He said he’d check to see if any other buyers were interested and would “consider” refunding the assignment fee.
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26 July 2018 | 1 reply
The danger of this, unless you have A class tenants, is that the current tenant may not be willing to leave at the end of the lease and now you have an occupant, and a signed lease with a new tenant!
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7 August 2018 | 9 replies
I still had a concern with the expenses and it was easier to pull up the property so I could look at the information.Property taxes are determined by using the Assessed Value given by the county assessor.
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26 July 2018 | 4 replies
That would absorb the entire 1031 and leave you with more options at the end of the day.