All Forum Posts by: Kim Durst

We have the chance to scoop up a property that has been condemned for pennies on the dollar. Lots of potential. The city has assessed fines to the previous owner for the condition of the property. Has anyone tried negotiating with a city to remove fines or assessments? I would imagine they might, knowing someone is going to rehab the property. 

Kim

Lady lake. The agent has since claimed she made a mistake and sent a doc u sign for us and the seller to correct it. 

Definitely shady. Therese a whole back story. We’re investors and have walked from deals many times. I think she was trying to pull a fast one. So many other things she did on this deal. This was a new one for me! Bye 

I thought the same thing however, both boxes are checked.

Florida question…we are investors, this would be our fifth short term rental purchase, and I have never seen this. Wondering if anybody knows the legality involved with both of these being checked. 

we don’t have 100% trust in this real estate agent as we have only worked with them a couple of times. 

We like to have the ability to walk away from a deal if something goes south and typically will use the finance contingency. I haven’t gotten a straight answer from the agent as to why both boxes are checked.

Let me know your thoughts!

Thanks everyone! I wasn't sure if holding in escrow was an option. I feel much better about that! 

Kim

We’re under contract on a pool home in Florida. After two inspections on the swimming pool, we were informed that the fiberglass coating has failed. The pool needs to be drained, sanded, and resurfaced or coded.

seller is offering 10k but then wants us to take the home as is. I say no way. 

it’s going to cost anywhere between 8000 and $12,000. Obviously, we are insisting that the seller take care of this however, I would love feedback on how you would go about it. 

Worst case scenario, they drain the water and find cracks or more damages and costs rise. I’m not even remotely interested in this. 
Po companies are booking to three months out so this can’t be done until after close. What would you do?

Question When your calculating cash on cash return. If we are leveraging equity from another property to pay the down payment on a new purchase, do you count that as your cash investment?

Or, are you only counting actual hard cash for furnishings,etc?

Hi @Michael Baum, Our property is on Airbnb, Vrbo & Booking.com. No mentions of LGBTQ friendliness has ever been mentioned. I was just curious if anyone had feedback:) 

We have a property in a strong LGBTQ area and are looking at adding our listing to Mister BNB. Curious what the feedback is. Has anyone tried it? Good, bad?