All Forum Posts by: Egan Lohman
Egan Lohman has started 7 posts and replied 34 times.
Post: Brother's in jail, squatter won't leave, house is a wreck
- Bozeman, MT
- Posts 40
- Votes 25
Very good @Dave Van Horn! I hadn't concerned just trying to buy everyone out. Seems like a win/win all around. The lease agreement with the squatter was signed in 2013 and expired that same year. She's just been in the place ever since, without paying rent. Brother in jail wants to sell, but just wants to make sure he gets his cut. I've never visited an inmate - trying to figure out if there is a way I can get him the contract without actually visiting him in person.
Post: Brother's in jail, squatter won't leave, house is a wreck
- Bozeman, MT
- Posts 40
- Votes 25
Hi BP community. Any suggestions, or guidance on this one would be most appreciated! Here's the deal:
Two brothers inherited their mother's home when she passed away. One brother is in jail for 15-life, the other is recovering from heroin addiction. They are both on the deed as joint tenants. The brother who is not in jail is living in a fifth wheel on the property. The brother who is in jail signed a lease agreement with his ex and she is now squatting in the property. The house is a wreck, but also totally salvageable. I have a buy/sell agreement with the brother who is not in jail with a purchase price of 65k. ARV is 170k and rehab costs are ~40k. Here is what I need to figure out.
1. How do I get the brother who is in jail to sign the buy/sell agreement, and what else do I need to consider with regards to his situation.
2. What do I do about the squatter? She was served an eviction notice, and then subsequently thrown in jail for assault. But she was released today. The brother who lives on the property was boarding it up yesterday in an attempt to keep her out, but chances are good that won't work and she'll get back in.
3. What am I not considering?
Thanks in advance!
Post: Seeking experience. Bozeman montana
- Bozeman, MT
- Posts 40
- Votes 25
Hi @Darren Hutton and @Dan Campbell. I'm in Bozeman as well. I'm currently focused on wholesaling and expanding my network. We should get together and figure out how we can align our investing goals.
Post: Looking to connect with investors in Bozeman, MT
- Bozeman, MT
- Posts 40
- Votes 25
Just moved back to Bozeman and would love to connect with other REI. This thread is pretty old, but maybe people are still following it? If so, contact me!