MATT WARDEN
First home purchase - cash deal
2 January 2011 | 15 replies
I have found it just depends on the person what their comfort level is.For some a vision of owning a property outright is the ultimate goal.They feel security in that the house is paid for.My mother-in-law is 67 and her house,cars,everything is paid for and money in the bank.She doesn't live high on the hog but loves the security and "NOT WORRYING" about money.On the flip side I see the money as rotting every year not doing anything.If anything the value is getting less as inflation goes up.It's the same as saying if you save xx dollars in 30 years you will have 500k.That may be true but in that 30 years from now the 500k won't have anywhere close to the value it has today.Now other investor clients of mine view it a different way in that rates are so cheap right now they jokingly refer to it as "ALMOST FREE MONEY".Long term rates in the 4's to 5's and short term 3 to 5 years in the 3's.If you look back historically rates for borrowing money have never been lower over the years.As far as using an agent if it is listed they are free to use.Whether or not you will be a better negotiator has to do more with your skill level.On the survey and all other inspections that is on you the buyer.You are obligated "with your right of your own inquiry" to perform all tests you deem necessary to feel comfortable moving forward and closing a transaction.On all my listings it says "information deemed reliable but NOT guaranteed".The reason is in reality the seller is not sure and is just passing information onto me to relay to potential buyers.Always do your own investigation of a property.
Jeff S.
Very underwater
6 April 2012 | 12 replies
He is investigating the address.It might be good for the first mortgage to foreclose but definintely not for the second.
Roy Lam
After serving a 3 day notice, then what should I do next
14 July 2012 | 27 replies
My understanding was after the 3 day pay or quit notice, the next step was filing for the eviction, but upon further investigation, I found that a 'Notice to Vacate' had to be delivered to tenant first.I had done the 3 day pay or quit, but not a Notice to Vacate.To be safe, since this is my first eviction, I hired an attorney to handle the process for me.Here's the process for Collin County in TX.http://www.co.collin.tx.us/justices_peace/jp3_2/eviction_filing_steps_3_2.pdfNotice it specifically states a 'pay rent or quit' or 'quit notice' is NOT a valid 'Notice to Vacate'This is for TX and you're in CA, but if you're unsure of the process, like I was, hiring an attorney may be the best solution.
Elisha Keller
Newbie Question #9: Dealing with Tough Situation
16 November 2013 | 3 replies
I had promised a $50 finders fee.They left a week before the deadline, all their rent was paid, I gave them their $50 finders fee, and they even got their full deposit back, as the new tenant moved in 3 days after they left and there was no real maintenance required.And here's the kicker - through some online social media investigation, I am 99% confident that the new, next door tenants had every intention of getting cats.
Gabe Plagge
Quiet Title Action in Philly???
3 October 2018 | 5 replies
I even hired a private investigator to try to track them down, but no luck yet.
Robert Granara
I need an "out"
4 February 2009 | 6 replies
I second using partner approval as an out, another good one is the inspection as you mentioned, financing, or even just having a general investigation period.
Sean Mamola
Ready....Set.....Wait, what do I do next?
15 January 2017 | 15 replies
To be honest, "investment strategy" is something I have no taken time to formulate, ( I've spent the last hour investigating exit and investment strategy on BP ).
Stephanie Moran
Made My First Rookie Mistake
10 November 2019 | 51 replies
There was a law enforcement officer in the area who heard the shots and went to investigate.
Souhimbou Kone
This Is My Introduction
12 January 2023 | 20 replies
Moreover, the area of real estate I am focused in are house-hacking and wholesaling; though, I am investigating a other avenues in the real estate world.
Claudine Stering
Adding value - addition, AC unit....
13 March 2023 | 8 replies
Need to investigate these tie ins.. this expense can be large or small depending on existing utilities and their locations.