All Forum Posts by: Mike Dinh
Mike Dinh has started 3 posts and replied 14 times.
Post: Owner refuse to leave the property after closing! (Philadelphia)
- Marcus Hook, PA
- Posts 14
- Votes 3
@J Scott: Thank you for the input. It was my mistake as this is the fist house I ever buy in Philadelphia. I thought I did it as a courtesy for them but I guess it back fired. I talked to them and they agreed to move out of the house in 1 week. I guess we ll see.
@Account Closed: I will keep you posted on this situation. Thank you
Post: Owner refuse to leave the property after closing! (Philadelphia)
- Marcus Hook, PA
- Posts 14
- Votes 3
I purchased a property in South Philly. Everything closed without a problem and was told to give the former owner 2 days to move out, so I did. Then I contacted the owner and they asked for 4 weeks to move out because they haven't found a place to live. As you know time is money so I refused. I told them I can only let them stay for a week plus give them some assistance to move. They agreed. I'm afraid I would have to move them out through eviction, which can be long and painful. I was told I can have the utilities turned off, since I owned the house and they are technically trespassing. Also I was told I can go to local sheriff and ask to have them removed from my property. There is no lease agreement or any kind of paperwork indicated that they can stay after closing. Please give advise on this situation. Thank you
Post: Investing in the Wilmington, Delaware area
- Marcus Hook, PA
- Posts 14
- Votes 3
Originally posted by @David Park:
Obviously there are some bad areas, I have an accurate map if you guys need it. I found most of the maps out there to be bogus. PM me if you want it.
Yes please send me that map. It can be very useful to me. 302realtysolutions at g mail
Thanks david
Post: Investing in the Wilmington, Delaware area
- Marcus Hook, PA
- Posts 14
- Votes 3
Wilmington, DE is great to invest in at the moment. In the next 5 years, about 2000 jobs will be created and hence the housing market would be great. I personally don't like holds because I don't want to be a landlord, but if it's for you then Wilmington is great because you can get 20 to 25% cap rate for these places. Any one who would like to discuss more about Delaware, let me know.