All Forum Posts by: Account Closed

Thank you to this community for helping me out. I am glad that you exist.

Update:

The roof had three layers (Original 1924, another from the ~1960s, and the final from ~2000), the flashing was non-existent, and the style of home (Tudor revival) has steep pitches (basically vertical).

After internalizing your feedback, I got another five quotes, and things started to normalize around $50k. A few weeks ago I decided on one, and last week the roof was ripped it off and a new one installed. No more leaky roof solved several issues near dormers and protected investment for another X0 years.

Thanks again, BP!

I am screening tenants for my first rental property and have an application form created (all the typical questions) and was planning to use Smartmove for a credit & background check. A prospective tenant emailed me saying they have Zumper which pulls credit, eviction, background history and a Zumper application. My question is are these just general forms? I don't have any experience with Zumper.  Should I still have them apply for the background and credit checks through Smartmove and fill out my specific rental application form?

@Nicky Reader

This our agent not the listing. It is a semi low offer, but considering that the repairs that we would cover I feel its fair. I guess my question is, isn't it more beneficial to the seller for a cash offer with less stringent inspections than a financed off with a lot of required inspections by banks/credit unions that they may back out of financing if something is found?

Hey guys and gals,

I am helping my parents find a house and we have found one with a real estate agent from the area. So, I was going over the offer we would like to make with her this morning and she told me "Cash" offer doesn't really matter. The seller doesn't care about that. Now to me that can't be right, don't banks/financing back out of deals all the time? Also tried telling her to put in certain terms to make it more appealing to the seller, like inspection amounts that we will cover if somethings wrong and won't back out but she said she has 40 years of experience and that doesn't matter either. Any advice will help. Thanks.

Is it better than Cleveland?

Hi, any tips on best wholesaling markets right now? I've tried Detroit but it's overrun with wholesalers. Thanks in advance.

I have two duplexes in NE Minneapolis. I receive numerous offers (phone, text, letters) to purchase these properties for cash/as is/quick closing. My main question is will these offers come in close to market value?  Any cautions I should be aware of?  If I went this route, should I have a one day open house and invite all these investors and see who makes the best offer?  Other ideas?

So we have received word from our tenants that they wish to vacate in 6 weeks, at the end of their lease.  We notified them that we would like to come review the property in the next week so that we can assess when it will be available for the posting.  

We just happened to be in the neighborhood and drove by the property and saw a pet cage in the window, dog likely.  They did not have a pet when they took possession and never told us it was there.  So they have violated the lease terms and I have the right to keep the deposit.

I assume when we see the house the animal evidence will either be hidden or apparent.  Either way, my approach is to be very cool.  My attitude right now is as long as the property is left as it was when we turned it over the them originally and its ready to go for the next tenants, everything cleaned up, no animal scratches, holes in the carpet, bad smells, picture holes painted, carpet cleaned, oven, refrigerator, etc., then I don't really care.  Leave it nice and we can part ways and I will very likely give the deposit back if there is minimal effort from me and the house does not stink.

What say you guys?