All Forum Posts by: Christopher Duron

Thank you very much Shaun. I appreciate the info.  I’m not sure if this is possible, but if you can pass me your attorneys info in a direct message that would help me tremendously. If not, I completely understand. I’m researching attorneys in my area now.  

Thank you very much for the response. If it does not close on my behalf and they lose income then they are entitled to my EMD.

Thank you very much for responding.  The property has major foundational issues (similar terminology to that of the condo complex in Miami) and a few other life safety hazards.  Owning a property with significant hazards with people living there is not a risk that I am willing to take.  For that reason, we have structured the deal to have the property vacant upon the time of my possession.  Do you have any insight into the legalities of me having a conversation with the tenants if such a conversation has been approved by the sellers?

I am under contract on a property in San Diego. The only contingency remaining is that the tenants must be out prior to close of escrow. The sellers are out of state and would like me to have a conversation with the tenants in regard to cash for keys. The sellers have already asked the tenants if they would voluntarily move with monetary compensation and the tenants said yes. This is the extent of the involvement the sellers want in this process. It is now up to me to finalize the details on how much each tenant will need to vacate. I am not a real estate agent, property manager, etc. I am simply trying to buy this property. Am I allowed to have this conversation with the tenants and be the paying party for the "Cash for Keys" agreement?

I am under contract on a property in San Diego. The only contingency remaining is that the tenants must be out prior to close of escrow. The sellers are out of state and would like me to have a conversation with the tenants in regard to cash for keys. The sellers have already asked the tenants if they would voluntarily move with monetary compensation and the tenants said yes. This is the extent of the involvement the sellers want in this process. It is now up to me to finalize the details on how much each tenant will need to vacate. I am not a real estate agent, property manager, etc. I am simply trying to buy this property. Am I allowed to have this conversation with the tenants and be the paying party for the "Cash for Keys" agreement?

I am under contract on a property in San Diego.  The only contingency remaining is that the tenants must be out prior to close of escrow.  The sellers are out of state and would like me to have a conversation with the tenants in regard to cash for keys.  The sellers have already asked the tenants if they would voluntarily move with monetary  compensation and the tenants said yes.  This is the extent of the involvement the sellers want in this process.  It is now up to me to finalize the details on how much each tenant will need to vacate.  I am not a real estate agent, property manager, etc.  I am simply trying to buy this property.  Am I allowed to have this conversation with the tenants and be the paying party for the "Cash for Keys" agreement?

Thanks Rachel. That’s awesome. I’ll send you a message now. 

@Steven May thanks for the reply. Reaching out directly now. 

Hello everyone.  I have been analyzing deals in the Kansas City area and it seems like there is potential to cash flow.  Does anyone know if it is wise to invest in the KC area?  If so, what areas are the best for a property that cash flows but will not require renting to the rougher crowd?  If anyone has insight to the area, resources I should consider, wholesales, or is an investor friendly agent please reach out.  I'm new, I'm learning, I have not done any deals yet but I plan to do so soon.  Any help will be much appreciated.  Thanks!!

Great info from different perspectives. Thanks.