All Forum Posts by: Peter Sanchez

Huh?  What most people do is let the tenant move in when the unit is ready.  Rent is due on the first of the month for the rest of the lease and the first month is proated (number of days/30).  So if it's 1000/month, and they move in on the 15th, they owe you $500 for the partial month and $1000 on the first of the month for the next 12 months. 

Are you in the other half of the duplex?  This seems to suggest that the move out fee may not apply: 

 https://www.portlandoregon.gov/phb/74544

Give them a reason to hold onto it. My friend, who is a criminal lawyer, has something on the back of his card which says what to do during a traffic stop.  It says stuff like "Say this aloud 'I do not consent to a search of this vehicle. I refuse to answer any questions without an attorney present".  His clients keep it in the car right next to the insurance and registration.  

I don't know what the equivalent is for real estate ("I pay cash for referrals" or "call for free estimate on how much your house is worth"), but give them a reason to hold onto your card.  

 I literally just googled "worst place to live in Kansas" and Coffeyville is number 1.  LOL.  But if you're making money there, that's what matters.   

This is partly right.  Wait for the contact cement to completely dry...yes completely dry, then it's ready.  Lay it flat and put a bunch of dowels between them then when it's lined up, start pulling out the dowels to make contact, and roll it down with a heavy roller (or a can of something) to keep it smooth and keep pulling out the dowels as you go.  Then carefully trim anything that sticks out over the side.

When it's dry, contact cement won't stick to the wooden dowels, but will stick to itself.  When it's wet it's harder to line up b/c you can't use dowels, and the cement isn't as strong. 

Don't forget you have more cards than he does.  If it's, say a $300k house, they can only wholesale it to someone who wants a house in that neighborhood, in that condition, at that price, before their offer to the buyer expires.  But if you have $300k, you can buy any $300k house in any neighborhood anywhere in the world at any time.  Just be patient.  

Walk away!  It's not the seller refusing.  Either the wholesaler is hiding some defect and doesn't want you to know about it, or they haven't told the seller that they are selling it to someone else and never had intention of closing.  You going there and talking to the seller will make them realize they could just cut out the middle man and sell it directly to you. 

Why would you trust the wholesaler to tell you the truth without getting an inspection.  He's not your partner, he's on the opposite side of the deal.  Each dollar he makes comes out of your pocket, and each dollar you make comes out of his. 

@Joe Senchuk this is why they say "no good deed goes unpunished".  You did them a huge favor when they were desperate, and now they want to make your life difficult instead of thanking you and moving on. 

Reminds me of something I heard once (I think it was JP Morgan) who was talking about how when you do a favor for someone they end up resenting you for it.  He was surprised that someone in his business circle couldn't stand him.  He said "I don't know why he hates me, I've never done anything for him." 

There's a REIT called NexPoint that buys run down C apartment buildings in Dallas and Houston and upgrades them to B apartment buildings. They say it only costs them about $4k a unit. Why don't you find a couple of there properties in Houston and go look at them as a potential tenant and see what upgrades they did.

@Trevor Densmore what reason did the tenant give for witholding rent?