Please take my advice, I have done this once or twice

[Bob Stevens]

Ok so I agreed to buy a duplex, all in will be about 65k, ( PP 24k) with rents of 850/950, up is 3 br , large net cap 20% +. So here is what ALL buyers need to do ( I provide whenever I sell) . Tell the seller you want 3 months' rent escrowed with the title co. As the tenants pay you release each month, it prevents inheriting a headache, and backs the seller in a corner. If they are paying what's the issue? Now of course it's not 100% fool proof but hey nothing is, but this is a good hedge. So, turns out when I told the seller this he came back with, " oh, umm ,well, hmmm the tenants have not paid rent in a YEAR" I said why are they still there? "Well, I live in CA and I do not have a team there, ( If you follow me I always say, never invest without a team, especially in Cleveland) and was unsure what to do REALLLY!! This person had no business even buying this property. Well, his very bad luck is now going to my good luck. I am now getting it for 10k less. , was 34k . I will have these lowlifes out in a month or so.

Folks its ALL about knowledge and your team,

All the best to everyone

[Jay Hinrichs]

The real world in the hood.