Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: John Rooster

John Rooster has started 10 posts and replied 391 times.

Post: Duplex came with Drug Dealers

John RoosterPosted
  • Denver, CO
  • Posts 409
  • Votes 105
Originally posted by Chris Heeren:
Since the tenants came with the purchase of the house, they don't necessarily have anything in their lease at the moment.

Huh? Not sure what this means. The sale does not void their lease. Did you not get a copy of the lease?

A serious suggestion, though not necessarily a good suggestion, is to ask them if they have any friends with a job that want to rent the lower unit, presumably the friends would be ok with traffic and pot smell. Then jack up the rent of the upstairs tenant when it comes time to renew lease. And hopefully the new downstairs tenant would out last the old tenant. 26 days till retail pot sales in CO.

Originally posted by Joel Owens:
Couldn't you set up a monthly inspection where it is signed off that air filters and batteries are changed and detectors checked??

You could. Please try it for a month for 30 units at varied locations around the County and let us know if you got anything else done the entire month

It sounds like an over zealous inspector to me. At this point the landlord has not been charged with anything. Yet the inspector is pimping this story out to the news media.

Post: Sticking It To Unwitting Investors

John RoosterPosted
  • Denver, CO
  • Posts 409
  • Votes 105

I would require a Special Warranty Deed with an exception for the property taxes, do my own title search, and maybe have some sort of escrow arrangement to hold the funds until I was able to verify the Deed was recorded ahead of any liens, but other than that I would be fine with those terms. I don't see this as a big deal, as long as he is disclosing that it is subject to a bunch of back taxes. I am guessing that there are few if any Banks that lend on $22,000 houses in Detroit, and that buying subject to a bunch of property taxes is attractive to some buyers, because it increases their leverage.

Post: Mysterious antique pump in residential garage

John RoosterPosted
  • Denver, CO
  • Posts 409
  • Votes 105
Originally posted by Renee Buck:
This however, was not enough for the buyers, so they pulled out. I think they were looking for a "hazard" to knock the price down, unfortunately.

The buyers were either crazy or looking to get out of the contract. Or both.

I would replace all the smoke detectors and the CO detector. If that does not work, I would tell the tenant it is their problem. Someone may be pranking your tenant. Bing annoy-a-tron

@Brandon Turner

I think I have the same problem. I use Firefox with windows 7

Post: ??? about foreclosure auctions

John RoosterPosted
  • Denver, CO
  • Posts 409
  • Votes 105

It was probably a 2nd position lien bought subject to a large mortgage

Post: This guy must have been REALLY pissed at his bank!

John RoosterPosted
  • Denver, CO
  • Posts 409
  • Votes 105

If one fills the pool with water, will it settle back down as the ground water recedes during a dry spell?

Originally posted by Michaela Graham:

To be in the U.S. without proper documentation is a civil offense - not a criminal one. Even though some people are trying really hard to will it be criminal.

There is an element of truth in this, but it is disingenuous with regard to the vast majority of illegal immigrant situations. Did you think we were too dim to discern the difference? Illegal immigrants can be divided into two categories. The far smaller category are those that entered the Country legally, but over stayed their Visas and are now in the County illegally, what you say about them being in the U.S. without proper documentation being a civil penalty is correct. The other, far larger category of illegal immigrants entered the U.S. illegally. Entering the County is a crime under Federal law, criminal penalties are outlined in Title 8 Section 1325 of the U.S. Code, "Improper Entry by Alien".

I don't screen for whether someone is an illegal immigrant. Because I do not have to. Firstly my craigslist ads are pretty intimidating, so anyone will any 'issues' are usually discouraged from calling me in the first place. But should someone call on behalf of their friend/parents/whatever, I don't return their calls, they are usually a waste of time or the prospective tenant doesn't speak English. Which gets me to my main point, which is that I will not rent to anyone that does not speak English. I would be ok renting to an illegal immigrant that speaks English but not a U.S. Citizen that does not speak English.