All Forum Posts by: Ashleigh Leach

Anyone in here invest in Certificates of Delinquencies/Property Tax Lein investing? If so, what’s your overall thought and experience?

@Mindy Jensen

All of our single family homes and townhouses are on ACH withdrawal. Apartments can pay check or money order into a drop box located on the property. We also accept Venmo.

@Kiet Ho

I would go buy 3-4 houses with that. Don’t sink it all into 1 property.

Sometimes, in the past I’ve used cash to close the deal but turned right around and put a mortgage on it for half, got half my my cash back out and threw it on another one.

@Patrick Flanagan

My second one was a 95% vacant BEAUTIFUL and not too old 24 unit “Stay & play” on an abandoned/foreclosed golf course. Had to buy $40k in appliances, get rid of hotel style furniture, paint, and find tenants! 2 Bedroom/ 2 Bathroom Apartments now.

Went under contract on this right as Covid was first being talked about. Closed on it as we were going under lockdown. I also ended up having to go in for an emergency appendectomy, refusing to go into hospital because I didn’t want to get Covid just from being there.... Approaching mortgage. Ughhh..... Let’s just say.... SCARY TIMES. You just got to have a plan, wake up and kick ***, and think about what you need to do to make it happen.

I don’t know if you need to have a certain amount of years experience... experience does certainly help but being able to problem solve is pretty important and being able to plan stuff out on a bigger scale.

@Patrick Flanagan

I got mine after it was on the market for over 150+ days and it needed about $180k in repairs that no one else wanted to touch. First day of owning it I had to put people in a hotels to start flipping it. I am SO happy and so proud of my building now. It’s been worth it to me. I’ll be holding it for years to come. People ask me how in the world I found it. Well, it was there in plain view.

@Tyler Kortz

If you don’t renew her lease you have cleaning cost, listing costs, and it’s a bad time of year, during a pandemic... it could sit vacant... it’s going to cost you more money getting rid of her and you run a lot of risks by doing so. Take her money how she wants to give it to you, it’s better than her losing her job, a new tenant who stiffs you all together, a tenant you have to evict. If someone tells me they have money for me, I’ll get in my car and DRIVE to them.

Think about the alternative,

@Sofiya Cherni

Keep their security deposit and your list of repairs and do not ask for their forwarding address and move on. Depending on the lease, they have a certain amount of days to ask you for it back with their new address. In my lease, it’s not up to me to get that info from them, it’s up to them to ask me and provide the info.

If you have more repairs than what deposit will cover, you’ll have to get a judgement against them for damages which costs money and you’ll likely never see it unless you hire another attorney to help garnish wages.

@Sofiya Cherni

You should consult an attorney.

Ask yourself, what is a judge going to say?

When I do a notice to vacate, lease termination, I state the reason. I’ve also gone to court because the tenant DIDN’T get out and you have to prove whatever it is or the judge will throw it out. What do you think a judge would say if you didn’t even tell your tenant what their offense was?

@Tej Patel

You need to have a pest control addendum in your lease for infestations like that. It’s really going to depend what your lease says and if you have something like that. You may have to pay for it if your lease isn’t clear, you don’t want it spreading! & it’s EXPENSIVE!!

@Amanda Scarcella

Refer to your lease. Did you ask if you could use the shed for storage, was it written into the lease?