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All Forum Posts by: Troy Bullock

Troy Bullock has started 4 posts and replied 18 times.

Post: Fees for selling a property

Troy Bullock
Posted
  • Rental Property Investor
  • Whitehouse, OH
  • Posts 20
  • Votes 8

Thank you for the info

Post: Fees for selling a property

Troy Bullock
Posted
  • Rental Property Investor
  • Whitehouse, OH
  • Posts 20
  • Votes 8

I’m looking to sell a house and was wondering a rough percentage for all closing cost.

Thanks 

Post: 30 day stay gone bad, need help

Troy Bullock
Posted
  • Rental Property Investor
  • Whitehouse, OH
  • Posts 20
  • Votes 8
Quote from @James Carlson:

@Troy Bullock

As all above have said, document, document, document the damage through photos and video. Keep all communication through Airbnb -- with Airbnb, itself, and with the guests if you're talking to them at all. 

Sorry to hear about the situation. We've got medium-term rentals in Denver and Colorado Springs as well. We've done it for seven years now and just had our first really bad experience as well. It's no fun, but it's part of real estate investing. 

I know this is counter to popular opinion, but I find on the most-damage-to-least-damage spectrum, long-term tenants cause the most damage, then medium-term, then short-term renters. Basically, the longer you stay there, the more you nest and bring your own mess.

Thanks James! Appreciate the input and sorry to hear about your recent bad guest. I wish people could just respect what’s not theirs.

Post: 30 day stay gone bad, need help

Troy Bullock
Posted
  • Rental Property Investor
  • Whitehouse, OH
  • Posts 20
  • Votes 8

Thanks Chris, it was booked through Airbnb so there was No contract or deposit 

Post: 30 day stay gone bad, need help

Troy Bullock
Posted
  • Rental Property Investor
  • Whitehouse, OH
  • Posts 20
  • Votes 8
Quote from @Chris Seveney:

@Troy Bullock

Read the contract and see what ramifications you have. Did you have a deposit?

Best to take lots of photos/videos and have your agreement reviewed to see what recourse you have

Most likely will need to get an attorney involved


Post: 30 day stay gone bad, need help

Troy Bullock
Posted
  • Rental Property Investor
  • Whitehouse, OH
  • Posts 20
  • Votes 8

I need advice. We have a nice home in Denver that we midterm. Our 30 day guests of 2 adults just moved out and the beds have all been pissed on, a box spring has a nasty white film spilled on it, everything has a smokey film on it, sofa has huge stain that they tried to cover up but no success and the best part…. We found a friggin crack/meth pipe in the bathroom. They booked through Airbnb through a housing placement company bc they had a fire in their home. What are my options?

Post: Creative financing advice

Troy Bullock
Posted
  • Rental Property Investor
  • Whitehouse, OH
  • Posts 20
  • Votes 8

Thanks Devin. They still have a mortgage on the property so I feel seller financing might be difficult to keep both sides happy. I'm thinking subto but they are wanting to potentially buy another home in a year in which might be difficult for them if they still have this mortgage in their name. I'm trying to figure it out since they also want cash, so we'll see how it goes.

Post: Creative financing advice

Troy Bullock
Posted
  • Rental Property Investor
  • Whitehouse, OH
  • Posts 20
  • Votes 8

Thanks Eliott. I will do a little more studying on this

Post: Creative financing advice

Troy Bullock
Posted
  • Rental Property Investor
  • Whitehouse, OH
  • Posts 20
  • Votes 8

Thanks Jaron! I was thinking this was considered sub 2. Yeah, I'm not trying to screw them over. Just trying to help if I can since I know they really need out from this home. It has been listed on MLS but getting no action at the moment. We'll see what they want to do.

Post: Creative financing advice

Troy Bullock
Posted
  • Rental Property Investor
  • Whitehouse, OH
  • Posts 20
  • Votes 8

Hello all, what is the best option for taking over a mortgage for someone. I have a family member that has fallen on hard times and needs to get out of their home asap. I don't have the capital for the down payment. I know there is way to assume someone's mortgage but I'm fairly new to this and open to suggestions. 

Thanks