Mary Strackman
Tenant terms lease 2months early and she's hoping to get a security deposit back
My tenant complained that the master bathroom tile is cracked around the shower and she thinks there could be mold. The bathroom was some what dated. I hired a contractor to remove all tile and re-place with new tile....
Thomas Neuberth
Purchasing in-laws' home & renting back versus providing loan to pay off mortgage
Simply put, my future in-laws did not plan for their future.They periodically ask my fiancee for assistance with emergency expenses. I see her future burden, financially, but more importantly emotionally, as my burden...
Mike Schorah
Have you ever had to go to court for backing out of a contract?
20% of virtual wholesale deals are cancelled and 5-10% of deals with physical appointments are cancelled.For instance... If a seller isn't that truthful with you, you dig into exactly needs to be done with the propert...
Rodney Sums
Do you ever feel like there's a target on your back as a landlord?
There's numerous stories we read describing instances of tenants and guests refusing to vacate properties, and the government supporting them in that endeavor. How do you feel knowing there's a variety of situation...
Mike Schorah
Do you need to sign a mutual release to back out of a contract?
The seller wants to back out due to title issues (messy probate that’s been vacant for 3 years).The cash buyer wants to stay in the contract.It doesn’t matter to me (the wholesaler) what happens.But the title company ...
Conor Walsh
Can an LLC owned property pay back the HELOC I have on my home?
This may be a stupid question but Can an LLC owned property pay back the HELOC I have on my home? My idea is to take out a HELOC on my home and use it to buy property and then have the LLC pay it back as the property ...
Ashton A. Moore
Inspector came out, rehab work is SHODDY, should I back out of the deal?
Hey all, I just got the inspection back on a property I was looking to buy. The top issues include: - P trap improperly plumbed in bathroom- Moisture stain in one of the bedrooms- Double taps in electrical panel - Fal...
Account Closed
Having to pay back student loans in 1 year and getting a FHA loan
Is it smart for me to get a FHA loan right now when I will have to start paying back my school loans in exactly 1 year? I will owe almost $28,000 in student loans and I want to invest in a multifamily property soon (...
Kay M.
Tenant and unclear 30 day notice, do I send a 30 day vacate back?
In the beginning of June, I sent a letter to my tenant asking if they would renew their lease end of July. In short, I wanted to get a head start and an idea 60 days before the end of their lease to see if I would ha...
Raj Vajir
what to do when you don't hear back from agent after putting an offer?
I recently put an offer for a house that needed some work through an agent. They were asking $93K but I offered $80. Current owners want to move out to build another bigger house. How can I know if he actually subm...