All Forum Posts by: Angel Glancy

@Bill Brandt

I'm not sure of the exact amount of the security deposit at this time. I've been reaching out to the PM company and that's been a challenge as well.

The tenant that moved was late with all payments monthly. We purchased the property while he was still there but PM has not sent me the deposit. Although, it is in the lease agreement.

@Bill Brandt thanks for the response!

The issue there seems to be that the previous PM company kept the security deposit to pay the water bill that was delinquent with previous owner, so unfortunately, there's not a security deposit I can use to cover the cost.

My partner and I just purchased a duplex which had tenants on both sides. We gave 60 day notice for one tenant to move out so we can move in. Tenant has been extremely difficult but finally moved out this week. However, I got a delinquent notice for garbage/sewage which according to his lease agreement, he was responsible to pay $397.50. How do we proceed? I know we pay the delinquency, but is the worth court costs to sue?

@Greg Scott

Thanks for the response! The earnest money was $2,000 but the buyer wouldn't accept even that unless we waived inspection.

Ok, so I've been looking at Multi family and single family units in Western PA for my first investment deal. My partner and I got an FHA loan approval about a month ago so we've been working with a local real estate agent to view properties.

We made an offer a bit ($10,000, yikes, I know) over asking price for a duplex with a long term tenant on one side and an empty unit on the other. It still seemed like a deal and the plan was to house hack. The seller informed the agent they were likely going to accept BUT they wanted us to waive the inspection. Of course, we declined since that didn't seem like the best decision. This has been the issue with any property on the market in this area. Everyone is going over asking price and waiving inspections.

Does this make sense to anyone or am I imagining everything? It doesn't make sense to waive an inspection, in my humble opinion. I still want to make an offers but it seems to continue to be denied without waiving inspection. Has anyone else experienced this when trying to make an offer?

@Nicolas Nuvan thanks for the response! I was recovering from surgery for a bit so I'm just getting back into it! I'm in Pittsburgh and have a realtor that is involved in investing as well. The only issue I've been having (so far) is being denied mortgage loan due to income/debt ratio being too high. I'm looking for a SFH to live in temporarily prior to renting. I've been searching for duplex since it makes more sense but there aren't many available here.

I've been researching REI for about 6 months and have been looking into purchasing SFH to live in for about a year. My plan is to turn property into rental home and move afterwards to either another SFH or Duplex. I'm just getting started and will be moving (currently living in apartment) right after FHA approval. Any tips or advice moving forward?