All Forum Posts by: Patrick Daniel

It depends on if they are looking at credit score or credit history. A company that looks at score alone is really hurting itself. Without knowing criteria, I can't say, but from my experience in screening tenants, nothing you have brought up here is disqualifying in and of itself.

Hi Justina! 

I would do as much research on the home as possible in the county appraiser's web site to get an idea of how long ago it was sold for and if there was a mortgage recorded on it. 

Did your neighbor ever live there or was it a rental? If they lived there, maybe one of your other neighbors knew them and have a contact number. 

Normally I just send out a hand written note saying "Hi my name is Patrick Daniel. I am interested in purchasing your home on "123 Main Street". I live in the area and would love to ensure that the location thrives! Please contact me at your soonest convenience so we can discuss."

@Rylee Knox 

Wow, that landlord is pretty brave on that one. From now on, on my leases, I will only allow my tenants to leave if they find a replacement. Its like having a property manager, but I pay nothing! ;D

I would send a 7 or 10 day notice via runner and certified mail stating that they must stop due to being in contradiction of their lease. Then follow with getting them out if they continue to break the lease.

4 months of rent wasted and then STILL believing a person at their word that they will leave with out ruining anything or deciding they want another 4 months rent free? He is lucky that the tenant actually held to his word. There is a reason that the contract exists. As long as your lease is within state laws, hold them to every word and have an exit strategy for when they do not.

 File to evict and take the loss if it comes to that.

I heard of a non-profit recently that sends books to prisons US-wide. I cannot remember the name of it, but there may be something in your area that does the same?

 As Will said, in most areas, as long as the siding is stable (not chipping, crumbling, or the like) then usually the siding will not have to be replaced.

Kenny, with your contractor bidding only labor, its a good opportunity for you to save on the price markup that most contractors bake in to the price. The more quotes and experience that you get, the better you will know what a job will cost which will help your overall scope of work. 

You can get a rough estimate from your contractor and stake that for your offer. If they end up being wrong, just don't get under contract or make sure there is a contingency in your contract in the event that the contractor was way off when the hard numbers come back. 

Do you have a bank statement that shows the funds? That is what I have used on multiple occasions. Are you actually paying cash or are you getting a HML? if so, show your proof of HML approval.

203k loans are only for owner occupants. You could look into partnering with someone that has the money or looking at a HML?