All Forum Posts by: Chris Purcell

Thanks @JD Martin, but if the tenant violates any part of the lease, they have, in fact, terminated the lease agreement. Your personal opinion does not count.

 Hey Chris. It’s the General Contractor’s exam. It does include some OSHA questions though.

Talk to your attorney.  If they fail to show up for closing, isn't the contract void?  You should be able to keep the deposit.  

My brother and and have been studying the business for a month in a half. We are currently attending a 3 day training with great content!!! They are soliciting their others services which consist of a personal mentor with phone number, email and access to their time for a price of $20-50k. Can anyone share thoughts or concerns?

My husband and I were looking to purchase a homepath.com Fannie Mae property to live in and Flip and the Listing agent told us they would only accept cash offers. I thought this sounded incorrect. I used to help my Broker with REO's a long time ago and I remembered they would encourage owner occupants with financing to purchase. I called Fannie Mae and they told me that the listing agent gave me incorrect information about Cash only offers on this home. My question is-- should I make a complaint against this agent? Is it worth it? I already sent a complaint to Fannie Mae Homepath.

Quick question. When getting a hard money loan for a property and the rehab costs how exactly does that work? I was planning on doing a lot of the work myself but I’m not sure if the lenders will insist on having me hire  somebody? Or can I just make draws as needed? 

During a recent inspection (multi year tenant in C+ area), my tenant said they bought a new bigger fridge on sale and would like to move the provided fridge out and move their fridge in.  The fridge provided is a nice stainless steel 20 cu. ft. model.  They bought a 30 cu. ft. model which they have in storage.

Would you let them move the new fridge in knowing they would then take it out when they move?

Would you charge them to move the provided fridge out and back in again after they move?

I am considering telling them no flat out but it is a long term tenant and would be open to some other creative solution.

What would you do?