All Forum Posts by: Ramesh T.
Ramesh T. has started 2 posts and replied 5 times.
Post: Real Estate Investment Programs
- New to Real Estate
- Posts 5
- Votes 1
thank you AJ and Drew for the advise.
Post: Real Estate Investment Programs
- New to Real Estate
- Posts 5
- Votes 1
I recently attended a seminar hosted by Kris Khron (https://www.kriskrohn.com/partnering-b) where he pitched to partner with him by enrolling into the program by paying 10K (non-refundable) and then purchase a property that he will find for me. He will be a 50% partner on cash flow and any capital gain. The gain on this deal for me is that he will manage all the paperwork and property management work.
50% share seems ridiculous, where I am investing 100% for the rental property purchase.
Question: are there any other companies/investors who do this kind of program but take a lower cut and are reliable?
thanks
ramash
Post: Refund of rent for the days not lived at the property.
- New to Real Estate
- Posts 5
- Votes 1
thank you for all the responses. will follow your directions.
Post: Refund of rent for the days not lived at the property.
- New to Real Estate
- Posts 5
- Votes 1
I have a rental property in the state of WA. My tenant gave a one month of the security deposit when he moved in last year. His start date was Aug 15th, 2019. So every 15th, he used to deposit his rent promptly. He was on a month-to-month basis as we did not get into any contract after the one-year lease term ended.
My tenant gave me a 60-day notice over mobile chat on Aug 31st night, saying he will vacate on Oct 31st. He did not pay me the rent on Oct 15th, so I assume that he intended to use the security deposit as part of the October rent. Technically, he lived at the property till Oct 29th only.
My question is, a) do I need to arrange his money back for the rest of the days he did not live at the property or b) do I need to arrange the refund based on Oct 31st notice date or c) since it is a month-by-month extension, I don't need to pay him regardless of when he vacated during the month.
Btw, he did not ask for any refund yet, but I wanted to make sure I am doing things legally.
I really appreciate your response.
I am in the similar situation and my lender is saying if I do a quit claim deed to transfer to my LLC, I will have to pay the mortgage in full ( due at sale ). They also warned me that my title insurance will also be cancelled. Not sure how to work around this situation.