All Forum Posts by: Mindy Jensen

Welcome to BiggerPockets, @Joe Long. Have you discovered our Podcast yet? 

For multifamily properties, I really loved the Serge Shukhat shows. Episode 131 and Episode 60. Serge's story is really inspiring.

Awesome, @Jason Fiet. I hope your flip goes smooth as silk. Remember to stick to your budget. This house isn't for YOU, so YOU don't have to love the finishes. 

Are you DIY-ing or hiring out? If you're hiring out, make sure your contractor stays on task. Also, DO NOT pay him the final 10% until the job is 100% done. After that final check, they tend to be difficult to get a hold of...

Good luck! Take lots of before/after shots and share with us!

Welcome to BiggerPockets, @Yvette Waters. 

Have you read The Book on Flipping Houses by J. Scott? You didn't say what level of experience you have in flipping, but this book has an enormous amount of information.

Our next FREE webinar, featuring Brandon Turner, co-host of the BiggerPockets Podcast, is called How to Analyze Rental Properties for Maximum Cashflow. Click the link to sign up - it's on November 4th at 8:00 PM Eastern.

@Ed Upton, here is a link to our Rules and Terms of Service. 

We are pretty strict here at BiggerPockets. We created this site for investors to find valuable information, and interact with other investors. We didn't like the experiences on other forums, where spam ruled, so we created our own forum, with our own rules. #1 rule is no Spam.

We also didn't like being bombarded with solicitations, so we added that to our rules as well. No solicitation. If you send copy/paste messages multiple times in a row, your account will automatically be flagged by our system and you will be banned. 

This may seem like a bad thing, but it actually enhances your experience when interacting on our site, knowing that you won't be subjected to all those ads that have nothing to do with real estate investing and trying to sift through them to find the information you need.

Read through the rules and terms of service. They will give you a better handle on what we will and will not allow.

@Peter Philando, first off, congratulations on your new property. I hope everything is smooth sailing for you.

Why do you want the occupants out of the property? Are you planning on moving into it, flipping it, or renting it out yourself?

WHO are the occupants? Are they renters? Are they the former owners? Are they just squatting?

You say you jog past it every day, so I'm assuming it's in Florida. Do they have a valid lease? I believe you have to honor the lease until is ends, provided they honor their end by making rent payments on time.

Here is an article detailing the Eviction Process. In Florida, you can issue a 3-day pay or quit notice to non-paying tenants. After three business days have elapsed with no rent payment, you may file for eviction. If they are paying rent, but violating other terms of the lease, you can give them a 7-day notice to remedy or quit. After 7 days (I don't believe these are business days) you may file for eviction. If you haven't done this before, I recommend an attorney to help you the first time. Every state is different and I've never evicted anyone in Florida, so I'm not sure of the exact process.

Another idea is Cash for Keys. If they aren't paying rent, the eviction process can be drawn out and costly. Going to the home and offering them cash in return for the property in decent condition and keys can be faster and have a better result. This gives them incentive to not destroy the property, and to not remove the appliances, copper, play hammer-darts, etc.

@Mwanzo Mallard, just curious, how did you find this seller?

Awesome, amazing deals CAN happen, but they don't happen very often. If you do proceed with this deal, do it with extreme caution and do every bit of your due diligence. Absolutely do NOT rely on their numbers for the deal. Do all your homework. 

Hi @David Roberts. Thanks for asking.

We have an entire forum devoted solely to asking about real estate companies. Check out our Ask About A Real Estate Company Forum.

@Edgar Ruiz. I've moved this to the Marketplace for you. The Marketplace is the only forum you can post ads in. 

***UPDATED***

Here's a link to the replay

http://app.webinarjam.net/login/2725/96f468f3f6/0/...

But this link is only good until Midnight on Friday, so watch soon.

____________________________________

How many times have you read "You make your money when you buy!" in the forums? 

Wednesday, November 4, Brandon Turner, the co-host of the BiggerPockets Podcast, will show you how to accurately estimate the current/future value, income, expenses, repairs, cash flow, and more!

Sign up here to reserve your seat!

Even if you don't think you can make it, sign up to get access to the replay, available for 48 hours after the original webinar ends. (Not all webinars are able to be recorded.) 

Need more time to watch the replay? Your Pro membership gives you access anytime - not only to this webinar, but to all webinars!