Francis Rusnak
Earnest money stuck in limbo
Have an off-market house we were supposed to close on 4 months ago. The seller was the one who contacted us to sell, then he randomly goes MIA so we never close on his house.Clearing up the books and go to get the 1k ...
Trace Sexton
New to Real Estate in Birmingham, AL
My name is Trace and I'm new to real estate investing. I'm 26 years old and recently relocated back to the Birmingham area. Although I don't have any practical real estate investment experience, I have dabbled pretty ...
Patrick Menefee
Purchasing an occupied 4plex - are my tenants actually squatters?
Yes, yes they are squatters.I'm in the process of purchasing an occupied 4plex that has been on the market for quite some time (will be an exciting post in the Completed Deal Diaries forum once it's all complete). The...
Alan Pederson
Has the feeling gone?
We're closing on our 4th rental tomorrow. We've bought one each year since 2015. When we bought the first one I was so overwhelmed with excitement and terror that it was hard to sleep for days. Would I fail? Would I s...
Alex Rodriguez
Seller didn’t transfer security deposits?
I just purchased a multi-family rental property. The seller said they were all under oral agreements and no security deposits. After closing, one of the tenants said that they gave the previous (before this seller) a ...
Maugno M.
auction.com Earnest deposit
So ive been following a property on Auction.com. It didn't sell at courthouse and then it came on Auction.com for sale. I bidded up to the price I was willing to pay and I lost the bid. It went over like almost 5k and...
James Park
Sister moved into my rental and she is not on the contract. Tenant has a 800 credit score? Should I care?
I recently closed on a new rental property. My new tenant recently divorced (25 years) and moved into my rental property as it is the lowest priced new construction home within the school district her children atte...
Don Chambers
direct mail - response rate too high
I just started a direct mail campaign. I sent out 1,109 postcards in 2 batches. The first 600 hit today. I expected about 3 calls - 1/2%. I have gotten 23 calls - almost 4% and I could not get to all the calls. I...
Tracey Marzich
Problem Tenant
Hi BPer's help me out please. We closed on a property July 1. A 'nice' fella came through July 10th and "needed to move in right away, that day." I told him we have repairs lined up and if he'd be patient with me a...
Leonardo Cadenazzi
Wholesaling in California / San Diego
I started wholesaling locally in San Diego back in June with the help of a friend of a friend that wholesales in AZ. We are not in contact anymore.
I am sending out direct mail to absentee owners, 1600 letter...