All Forum Posts by: Shelly Rike Mitchell

I found a duplex that I am interested in buying. It is fully occupied. I asked to go see it but seller said we don’t disturb our tenants without an offer. I made a low offer since I have no clue what it looks like inside. Then seller said I can’t show it without proof of funds. Sent that over and now I am getting they won’t disturb tenants until we agree on a price. What am I missing here? I don’t want to increase my offer until I can verify what I am buying. 

Tenant who has been in property for 6 months came to us and wants to break his year long lease to move into another house in the same neighborhood. This neighborhood is a new development of duplexes. Our property is a duplex with 2/2 units and he wants to move into one of the 3/2 units. Other property owners have been running specials on rent to fill the vacancies, charging the same rent of $1200 that he signed a lease with us for the 2/2. Now other 2/2 in the neighborhood are running Rent rates of $1100-1150. We offered for him to break the lease if he lost his deposit and paid a penalty of one months rent. We also offered him a deal that if he signed another year lease we would reduce rent to match market rates of $1100. Now he wants to negotiate to $1050. I think we are already being generous. Thoughts? 

I have not even offered on the house yet.  I just saw the house yesterday and when I ran numbers and was trying to look up the tax information, I could not find any information.  The only thing I found on this house was that on realtor.com its listed as going up for auction. The house does not come up on Propstream, it does not come up at appraisal district, etc. Should I just ask the seller, is this property being forclosed on?

I came across a FSBO on marketplace. After doing a little research found that property appears to be up for foreclosure auction in March (xome) but can't find much more information on the property which I find strange. It doesn't even come up at the appraisal district website. Owner did not mention anything when we saw the property. This would be my first time to deal with a foreclosure. Asking for guidance on how to navigate this deal.