All Forum Posts by: Steve Wald

You guys are the best! Thank you very much for all the advice, I truly appreciate it. I have an attorney engaged as we speak and will formally begin the eviction process very soon.

@Eric F. - There is over 35K in escrow

@Michael Gansberg

@Michael Gansberg@Charlie Hampton

I worked with an attorney on the probate filing as this property was passed down to the current seller from her father, however, I didn't have an attorney represent me in any other portion of the sale. Should I look to bring in an attorney now to assist with the process? Is there anything the title company can do/answer since they have the rest of the proceeds in escrow?

Thank you all for the responses and advice, I really appreciate it.

@John Thedford - My issue here is not with the wholesaler, just so I am clear. As a matter of fact, I think that there are a lot of good wholesalers out there. I don't think it is fair to label them all as bad and without integrity. Many of them are out hitting the streets trying to find motivated sellers, passing discounted properties on to investors. Sure, they are out to make some money too, but much of the time, the transactions complete without issue and everyone is happy - much like a traditional sale. I have worked with plenty of bad licensed realtors, bad contractors, and bad lenders, etc. There are bad and dishonest people in every profession, if those that are licensed for their trade. Perhaps they aren't all going out to get their licenses because of the upfront cost and/or time commitment. Or perhaps they don't want to give much of their earnings to a broker. I know there are many situations where homeowners are ashamed to have realtors see the condition of their property or perhaps they are so far overdue on their taxes, they don't think they have a chance of listing with an agent. I don't know for certain, but again, my post was not about a bad wholesaler, but rather a seller who didn't follow through on the agreement, leaving me in this situation.

Hi all - 

I am hoping someone can provide some guidance. I closed on a nearby property November 30th, allowing the previous owner to occupy the property until December 15th as she said she needed the money at closing to put down on a place to rent. It is now the 27th and she still isn't out, providing one excuse after another. Long story short, considering she is not a tenant and we don't have a lease of any kind, is there anything preventing me from getting the sheriff to remove her from the property for trespassing? I have warned her several times that I am going to take legal action. 

This is my first deal working with a wholesaler rather than a traditional agent. One important note here is that part of our deal was that the majority of the funds from the sale were put into escrow until she is moved out, so I was hoping that would be enough to incentive for her to move out, but that doesn't appear to be the case.

Any thoughts/advice is welcomed.

Thank you!

Hi Sean - I am looking for a great REI savvy tax advisor/CPA as well. If you hear of someone, would you please pass on the contact info?

Thanks!

I am just reaching out to see if there are any wholesalers targeting Anoka County, Minnesota? If so, I would love to chat.

Thanks. If I set one up though, it will have to be somewhere in the Blaine/Andover area. Otherwise, I wouldn't be able to make any of my own meet-ups. :)

Thank you all for responding. At this point, I'd like to wait for at least a few more to show interest before going through the work of finding a place, arranging meetings, etc.

Hi everyone,

I live in Andover, Minnesota and struggle to make it to the cities (where most meetings are held) on a regular basis. I'd love to get something going here in the northern parts of town, if there is enough interest.

Please let me know if you'd be interested.

Thanks!

Steve