All Forum Posts by: Raul Salmeron

@Account Closed I agreed with charging them rent while they are in the property living . The reason why I don't want to do that is because I am flipping the property and from a liability stand point I will be responsible if something bad happens to them while the contractors are in there working. . Would you pay a hotel for 3 days for them to go there and they delivered the house in " vacant status " while they close on the other house in which it happens to be on the same date I am closing on their house. What would you guys do ?

Raul

Hello Bigger Pockets Community , I currently have a house under contract for me to flip in which the seller is closing another house in a different state but they want me to let them stay in the house that they are selling to me while they move out to the other house . What would you do if this were your situation ? I have told them that the house needs to be delivered to me in " vacant status " but in case they said no or any other excuse what would you say and do ? Your help is greatly appreciated .

Congrats !! Hope one day I will have my deal . Recently became licensed and I am HUNGRY for a flip deal. !

@Carolina E.

Thank you for your response. Will definitely ask a lot of questions.

Raul

Hello Chandler,

I answered this thread couple of months ago at that moment I did not want to flip a house due to big capital that involves however I would start by taking your real estate classes and go from there. Having access to such a great information such as the MLS will help you see market trends, ARV and what neighborhoods to target. I would also start saving as much as possible so the financing part will be a lot easier. I recently just got my license and I want to flip now. Having this license gives a big relief in terms of not waiting for an agent to show you a house and write your offer ( You can do all this yourself ) of course this comes at a price but what's easier in life ? I wish you the best and don't ever give up on your dream.

Raul

Hello bigger pockets community,

I wanted to thank all of you for sharing such a great information about real estate investing. I wanted to start that I am new to real estate investing. I work in the property management industry for a very big company as an assistant manager. I would like for you guys to share some ideas of the following. I recently just passed my real estate test and now I am searching for a small investor friendly brokerage firm to hang my license with. I decided to get my license for investment purposes (Flips)

Please share your thoughts. I would like to hear from you.

Raul

I look forward to your success I am also in the same situation . 👍

Congrats.!! I wish you Well .! Keep up the good Work . A great rule Of thump is to take pictures of how the actual house look like when they are moving in and to sign walk through sheet so later no problems arises with maintenance issues .

I strongly Believe you guys did GREAT and you Wouldnt have learnt a ton by not making These mistakes . Keep up the good work . :)

Hello you guys . Great post you have here . I have ask myself the same question over and over . I believe they rent because they believe they won't be able to pay the house and scare of big debts and commitment . Regards