Matt Brooks
Do Security Deposits Transfer to New Buyer?
I am working to put together a contract to purchase a triplex unit in TX. It is a nice deal but Seller has thrown a curve ball at last minute.The seller is telling me she will not be transferring security deposits to ...
Jason Douthitt
Option to Lease/Option contract Critique
I have a seller with fairly low equity in a growing area of a suburb nearby. She really needs help and the only theoretical way I see it is through a lease option, then assigning to a tenant buyer. The margins are too...
Lee Mankin
Lease Option or "Subject to" Property
Hello,
I have a potential deal where the owner is open to a lease option or allowing me to purchase the property subject to the existing financing. We are both concerned about triggering the due on sale clau...
Cindy Schneider
How to close on duplex with tenants for house hack
I'm a first time investor, planning to house hack. I am supposed to close in a duplex October 25th, I plan to live on one side. The seller has given notice to the tenants on that side that they have to be out in 30 da...
Joseph Hammel
Tenant owes 3 months rent.
Does anyone have any Idea when evictions will open up in Minnesota again?Ive heard that it may not be until 7/24 due to the cares act. I left a message at the county level but haven't heard back.I have a guy that move...
Tony Rodriguez
To evict or not to evict after foreclosure occupied sale, Chicago
Hello everyone!
So I'm closing on my 3rd property situated in Chicago in the next couple of weeks. This property is an REO but will be transferred to me as an occupied property. I've drove by the property and it see...
William Lok
Tenant Wants to Break Lease
Hey guys,
I just got notice from my tenant today that he wants to break the lease for two properties that he's currently renting out. The lease does not expire till 9/30/2014 and 1/31/2015 respectively. I went throug...
Brian Wheeler
Convert Commercial month-to-month leases to annual leases
Hello everyone,
I am currently looking at a value-add office building. The value is converting the current tenants who are all on a month-to-month lease into annual leases and filling current vacancies. Most tenants...
Jodi Baron
Introduction letter and Increase in rent
Hello! We just closed on our first 4plex. We would like to write an introduction letter. We also need to give notice of increased rent. Can you share your ideas or steps?
David Robertson
Why do short sales take so long?
I currently have an offer in on a short sale...it has been 3+ weeks since my offer without a response from the bank...I was told 8 days ago I would get a response with 48 hours...I still haven't heard anything to date...