www.wecanbuycash.com | “Help! My Last Tenant Trashed My Orlando House”

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“Help! My Last Tenant Trashed My Orlando House”

by Eugene on November 5, 2016 in rental-property, sellersEdit

If you own a rental property but had a tenant trash it when they leave then make sure you read this article because we’re addressing the all-too-common problem that landlords have when they say, “Help! My last tenant trashed my Orlando house!”

Do you own a rental property? Did you have a tenant leave it in less-than-perfect condition? It happens! In fact, it’s an experience that probably every landlord has faced at least once. If you looked at your empty rental property and said, “Help! My tenant trashed my Orlando house” then here are some things you can do about it…

Is it worth going after the tenant?

You need to first assess the damage and decide if it’s worth going after the tenant. Unfortunately, it often isn’t worth the hassle because it may be a time consuming and even expensive effort to get the tenant to pay you back. However, if the damage is significant enough, you may choose to do this.

Is it worth repairing the damage?

From holes in the walls to missing toilets – we’ve heard of just about everything you can imagine! Sometimes a bit of drywall and paint will fix the problem, in which case you may want to fix it up and rent it out again, and then just accept the inconvenience as the cost of doing business. However, if the damage is not worth repairing yourself then you might be interested in a couple of other options:

You could rent your house to a handyman

One little-known option that is actually really helpful is to find a handyman who wants to rent the house. In exchange for a discount on rent (or even free rent), they can fix up the house for you to make it a nice rental property again. Make sure you have a timeline all spelled out, though, to avoid then staying too long without a lot of work getting done.

You could sell the house

Another option is to sell the house and move on from owning a frustrating rental property. However, be aware that if you try to sell the house on the open market, you may have to fix it up first in order for the agent to list it. Another option is to sell privately to a house-buying team like ours. (We buy houses in as-is condition and we’ll fix them up ourselves).

To get a fair cash offer for your property, no matter what condition it’s in, just get in touch with us and we’ll give you a no-obligation offer and we can even buy your property from you fast

“Want To Keep Your Home” Stop Foreclosure in Olando. We May Be Able To Help.

Stop Foreclosure

“Want To Keep Your Home”

Stop Foreclosure in Orlando. We May Be Able To Help.

Keeping your home during a foreclosure is possible. Here’s how to stop foreclosure in Orlando… 

Not all foreclosures have to end in the homeowner losing their home.  Most homeowners going through foreclosure don’t know all of their options, and it’s not your fault.  In some cases you may be able to Stop Foreclosure, or if you’re not quite in foreclosure but heading there… we may be able to help you avoid foreclosure.

There is a lot of misinformation out there about foreclosure and the foreclosure process. And frankly, new regulations from the government seem to come out every few months.

But, there are options that could help you stay in your home if your situation qualifies.

Let Eugene Explain About the Short Sale Process. Let us buy your home from the Bank. Selling your house to us with a short sale will eliminate your mortgage forever. Be done with that problem property.

Fill out the quick form below and we’ll set up a Foreclosure Prevention Counseling Session with you and one of our foreclosure experts. The session is free. We’ll find out about your specific situation, give you some education to help you better navigate the foreclosure process successfully, and lay out your options so you can make a well-informed decision.

How To Price Your Inherited Home In Orlando For Sale | Written by Eugene Hoffman

How To Price Your Inherited Home In Orlando For Sale

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We buy houses in Orlando. Get a fair cash offer. We buy homes in any condition and in all price ranges. Call 407-781-7312. We are a local Orlando Company

If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for 3 tips about how to price your inherited home in Orlando for sale…

Did you inherit a property that you’re now thinking about selling? While an inherited property can be a wonderful gift for a loved one who has passed on, it can also (quite frankly) be a costly burden. So selling it makes sense and allows you to use the gifted equity for some other purpose. But selling an inherited property may not come easily to you, especially if you haven’t sold a property in a while. So here’s how to price your inherited home in Orlando for sale…

Tip #1: Price Quick To Sell

Some people price their inherited property at an amount they think the market might pay for the house. However, there are many factors that go into this price and one of the biggest considerations is: how fast do you want to sell? Selling through an agent “on the market” can take months, and you’ll have to pay for the house and maintain the property the entire time. That can be costly and can eat into the higher price.

Many property owners quickly learn that they’re almost better off to price slightly lower for a faster sale… they might get less for the house but they also pay less on repairs, carrying costs, effort, and time, so it’s ultimately a trade-off that might turn out to be a total wash.

Tip #2: Avoid Pricing Based On Fond Memories Or Emotion

One of the biggest challenges that property owners of inherited property face when trying to price their property for sale is separating the happy memories from the true value of the house. The house might be worth a certain amount on the market but you may have such fond memories of growing up in the house or of happy times in the house that you accidentally use that emotion to increase the price. (This is VERY common.)

A better approach would be to work with a real estate company and find out what they can offer you, and recognize that the price might be lower than you were expecting… not because the house isn’t worth as much but because your wonderful memories have accidentally inflated the price!

3 Things You Can Do In Orlando to Prepare Your Inherited House For The Sale | Written by Eugene Hoffman

3 Things You Can Do In Orlando to Prepare Your Inherited House For The Sale

  

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If you inherited a property that you intend to sell, make sure you read this blog post all the way through to know the 3 things you can do in Orlando to prepare your inherited house for the sale…

When a loved one passes, it can be a difficult time for everyone. And although inheriting a house might seem like a wonderful way for a loved one to pass something of value on to you, it can also be a burden. Houses take a great deal of elbow grease to maintain, keep clean, and enjoy. If you’re thinking about selling an inherited house, or if you are still exploring your options, here are 3 things you can do in Orlando to prepare your inherited house for the sale…

Preparing Your Inherited House For Sale — Tip #1

Perhaps the most significant thing to do is to save the memories for your family. It is not difficult to discover that you have many mixed emotions about the property, and that can actually keep a person  from selling an inherited property. Instead, they just pay to hold onto the property but never really take pleasure in the property. The best step here is to understand that you are experiencing emotions about the memories and about the person who lived here. The house itself is just the structure.

So if you’re thinking of selling but want to preserve the memories, do something special in the house — take pictures, gather some of the furniture and photographs and other mementos that you will cherish. You’ll have a few things that represent your memories and you’ll still be able to sell the house to keep it from becoming a burden.

Preparing Your Inherited House For Sale — Tip #2

Chances are, you inherited the house from someone who lived there for a while. When this happens, you’ll find out that the person who lived there may have taken very good care of the house. After living in the same house for a while there might be areas of the house that they didn’t use very much. Perhaps there are areas of the house that they used for storage. The best way to help your inherited house sell is to clear the house out. Then,  clean it up thoroughly, and present a beautiful empty house to buyers.

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Orlando's best Realtor is offering end of the summer discount- Eugene Hoffman

If you believe that all Realtors charge THREE Percent commission you are mistaken.

From now until Labor Day I am working for 2.5 Percent Commission. If you are selling that will save you 8.3% on the sale price, but on top of that if I list your house and also find a buyer my total commission would be 4%. That means you are saving 30% on what most Realtors charge.

Example | If the sale price was $200,000 and I listed and brought a buyer my commission would be $8,000. Normally most Realtors charge $12,000. That means you would save $4,000.

If you are searching for a house to buy I have many tools to help you free and my services are free to buyers because the seller pays my commission. Remember I said I would discount my commission by .05%. That means if the seller offered Realtors a commission of 3% I would refund you as the buyer $1,000 at closing. Instead of me earning $6,000 I would receive $5,000 and rebate you $1,000.

Key Disadvantage Of Selling To An Investor Over A Traditional Buyer In Orlando – Written by Eugene Hoffman

Key Disadvantage Of Selling To An Investor Over A Traditional Buyer In Orlando – Here’s What You Need To Know

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There are lots of situations where we can help, including… avoiding foreclosure, divorce, relocating, inherited an unwanted property, own a vacant house underwater with your mortgage, behind on your payments, owe liens, tax issues, downsizing and cannot sell your house, needs repairs you cannot pay for, fire damaged, bad tenants, and more.

If you’re thinking about selling your house, you might be weighing your options about how to sell. Keep reading to learn the key disadvantage of selling to an investor over a traditional buyer in Orlando…

Disadvantage Of Selling To An Investor Over A Traditional Buyer

You have a lot of options when it comes to selling. You might sell through an agent to a traditional buyer, or you might consider selling your house directly to a real estate investor.

There are advantages and disadvantages to both. But if you’re thinking of selling to an investor, here’s the one key disadvantage of selling to an investor over a traditional buyer in Orlando that you should be aware of:

When you sell through an agent, the agent usually has to pass an exam and get certified in order to be an agent. And they have to usually pay money to different organizations (such as a brokerage and/or a licensing board – it varies from one state to the next).

On the other hand, anyone can be an investor without any formal training or certifications. Someone can just say they’re an investor and they’re an investor… without any additional training. This can be a disadvantage to house sellers like you who might be looking for help in your situation but you end up working with an investor who has no experience.

Fortunately, there ARE investors out there who have the skills, knowledge, and experience to help you in your situation, no matter how complicated it is.

Here’s How To Find A Great Investor To Sell To

Get more information on website.

4 Key Advantages Of Selling To An Investor Over A Traditional Buyer In Orlando | Written by Eugene Hoffman

4 Key Advantages Of Selling To An Investor Over A Traditional Buyer In Orlando

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We can buy your Florida house. Contact us today!

If you’re thinking about selling, you’re probably weighing your options right now and maybe deciding how to sell and who you should sell to. Check out this blog post to learn the key advantages of selling to an investor over a traditional buyer in Orlando…

When it comes to selling your Orlando home, you have a number of options. You could list your house with a Realtor and they’ll try to find a buyer. Or you could list your house yourself and try to find a buyer. Or, you could work with a real estate investor who will buy your house from you directly… and fast. Here are the advantages of selling to an investor…

Key Advantages Of Selling To An Investor Over A Traditional Buyer In Orlando: Speed

In order to sell to a traditional buyer, that buyer has to be found by the Realtor… which is a process that can take months? Fortunately, you don’t have to wait that long. When you sell to a real estate investor, they can close fast – often in as a little as a week or two (it varies, depending on the investor). Since they are buyers, and there’s no searching… you already know who they are so you can sell quickly!

And a bonus of this: you don’t have to pay bills and taxes on that property while you’re waiting for a buyer to be found. This can save you hundreds or even thousands of dollars in ongoing bills.

Continue reading. Get paid in 7 days. Easy-Peezy

Investment Property Tax Deductions List for Orlando | Written by Eugene Hoffman

Investment Property Tax Deductions List for Orlando

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Don’t roll the dice with your hard earned money. Call us let’s talk.

Uncle Sam gives, and Uncle Sam takes away.

But in the case of buying local Orlando investment properties… you can earn investment property tax deductions for your Orlando properties.

For real estate investors, the United States provides the opportunity to earn a living purchasing investment properties… and holding those properties as investments, and of course the income from those properties is taxed.

But many new investors often overlook tax deductions that could have an impact on their bottom line. Today, we’re going to take a look that Orlando Florida real estate investors can take advantage of.

Income Sources You Can Potentially Deduct

• Repairs and expenses paid by rental tenants are considered income. This could include an emergency water heater repair that tenant took care of on his own. These repairs can be deducted.
• In some cases, tenants will trade repairs and upgrades to a rental unit for a reduction of rent. These services can be deducted, so long as they’re claimed as income, and must be charged at fair market value. You cannot work out a deal with your tenant to fix a light switch for three months rent, then deduct that ludicrous “income” on your tax return.

Security Deposits

A security deposit is not taxable, based on the thought that your intent is to return this deposit at the end of a lease term. However, if a tenant breaks the lease and forfeits his or her deposit, you can claim the security deposit as income, so long as the deposit is used to make repairs.

These repairs are deductible expenses.

Make sure with your accountant or local property manager that they’re handing your security deposit accounting correctly so you’re not paying income tax on security deposits that you’ll be turning right around and paying back when a tenant leave.

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Foreclosure property listings in Orlando – what’s real and what’s not? | Written by Eugene Hoffman

Foreclosure property listings in Orlando – what’s real and what’s not?

There’s a ton of information on finding foreclosures in Orlando, and lots of services that will charge you for access to their data. In fact, we have our own foreclosure property listings in Orlando FL right here. Join our Foreclosure Property Alert List here >>
But…
How do you tell the difference between credible information and useless marketing gimmicks with local Foreclosure properties?
Some services – like foreclosure.com – are doing a great job consolidating information from many sources. Investors like us use them all the time because it’s cheaper and faster to use their information rather than combing through the classifieds ourselves. But the major drawback with online services like that is the information in them can be a tad old.
You may be looking at foreclosures that other investors who got their info direct from the courthouse got weeks or months ago.
We also use other sources too.
Lots of real estate agents who “specialize in foreclosures” publish their own lists, but these are often just marketing gimmicks to trade your contact info for stale goods.
There’s no harm in signing up for free lists – if the info is no good, just unsubscribe.
You’ll probably spend a lot of time getting excited about properties that are already sold or no longer available, but that’s part of the learning curve when you’re just starting out in the foreclosure market.
When you’re evaluating a new list to see if it’s worthwhile, compare the properties on the list to what’s published in other lists.
If you consistently don’t see any new or exclusive information on the list that you can’t get elsewhere, don’t use it.
We’re not real estate brokers, so we don’t sell information or give away crummy lists.
The properties we advertise are our own investments that we’ve picked up or have on contract, so it’s a short but exclusive list.
We’ve built a small, tight network of long-term investors who want to purchase credibleinvestment properties in Orlando Florida.
We find deep discounts and pass them along – while keeping a reasonable return that allows us to stay in business
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How To Formulate Three Offers For A House When Buying Cash In Orlando

How To Formulate Three Offers For A House When Buying Cash In Orlando 

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How to make an offer and let the seller decide their best solution

Investing in real estate with cash is a smart way to buy but it’s not easy to know how to make an offer. If you’re wondering how to formulate an offer for a house when buying cash in Orlando keep reading to learn more and to see how we do it…

You’ve Got A Property In Mind… Now What?

If you are looking for a real estate deal to acquire for cash and now you’re wondering how to formulate the offer, you’ll love these 3 strategies that many investors use daily to acquire deals in Orlando. Be aware that they may take some practice… and they won’t work for every seller you meet so test them out a few times to perfect your ability to use them. Once you perfect them, you can use this as a system over and easily make offers.

#1. Market Price Less A Percentage

The first way to formulate an offer for a house when buying with cash in Orlando is to find out what the market price is for the property and then subtract a percentage. You can get the market price by “pulling comps” (finding out what similar properties have sold for recently in the area). You can sometimes get this information yourself but if you partner with a real estate agent they can do it for you. Comps will tell you how much other similar properties have sold for recently and then you can subtract a percentage to formulate your offer.

For example, you can offer market price less 20%. So a $100,000 comp would mean that you’d offer $80,000 for the property.

#2. Profit Plus

The second way to formulate an offer for a house when paying cash in Orlando is to work the other way (and to factor in what you can sell the property for). Figure out how much you want to make and then add your costs. That way, you build in profit into the deal. However, this way can be challenging if you don’t know how to accurately estimate your costs, so make sure you build a good relationship with a contractor who can help you.

For example, if you want to make $15,000 on the property and you know that the property will cost $25,000 to repair then you might offer $30,000 to the seller but plan to sell it for $45,000. Using this strategy helps you think ahead to consider what you can get for the property and whether you’ll be able to make a profit.

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Foreclosure Scams in Orlando- Beware Of Scams Like These - Written by Eugene Hoffman

Foreclosure Scams in Orlando- Beware Of Scams Like These

As you know, foreclosures over the past 5 years have been at record levels.  Just like with anything, when there’s an opportunity or when there’re people in pain… the dishonest and unscrupulous people in the world tend to come out of the dark shadows to prey on homeowners who don’t know any better.

Foreclosure scams in Orlando have even picked up in recent years.

We’ve been working with homeowners for some time now, in fact, we talk with homeowners in foreclosure every single week.  You should hear some of the stories we’ve heard of people in foreclosure being taken advantage of by scam artists proclaiming to be reputable “real estate investors”.

Not All “We Buy Houses” Companies Are Created Equal

You’ve seen those signs that say “We Buy Houses Orlando”… or websites like ours that mention the phrase.  Yes, we buy houses in Orlando and I’ll walk you through how to spot potential scams vs. reputable house buyers in our area.

As a quick summary… there are companies out there that buy houses from people who need to sell.  But, in some cases… that’s where the similarities from the scam investors and legitimate companies with great reputations like us stop.

In this article, I’m going to walk you through some of the ways a small percentage of people try to take advantage of home owners like you.

This is meant to be a “consumer awareness” guide to help you spot the companies to avoid and pinpoint the “we buy houses” companies that you can trust (because the majority of home buyers are great people with great integrity… it’s those few bad apples that ruin it for everyone else.)

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The probate process for a house in Orlando – don’t get shortchanged - Written by Eugene Hoffman

The probate process for a house in Orlando – don’t get shortchanged

Buying and selling of real estate are big business in any economy in the world. As population increases, more houses are needed for people to live in and offices for people to work in. Despite this fact of life, real estate transactions can still be very risky propositions! Especially when it comes to probate property if the prospective buyer doesn’t understand the probate process for a house in Orlando.

So what is a probate anyway?

A probate is a legal way of administering the property of a deceased person (decedent) if the person never left a will or if the will had specific instructions on how his or her property was to be administered after they are dead. These proceedings take place in probate courts. Sometimes they can end up being the best real estate deals that any buyer or seller might get in Orlando…

How to begin the probate process for a house in Orlando

The legate begins after a person dies. Soon after this, the seller is expected to inform the court, which appoints an attorney to take care of the sale. Once this is done, the attorney advertises the property just like other real estate properties. The price is based on the agent’s suggestion and also from an independent appraisal ordered by the probate court. Note: It is important for the seller to familiarize himself or herself with the property to avoid being short-changed. This can be avoided by choosing the right partner in Orlando and that would be Eugene Hoffman.Click the link here, fill out the form and we’ll help you get started now.

Okay, my property is on the market, now what?

Now, after the property is advertised on the market then it is up to the seller to wait for the buyers to make offers on the property. Once this process is completed, the final decision is made by the probate court on who should buy the property based on an auction if there was more than one interested buyer…. In this case, we would suggest you choose Eugene Hoffman to purchase your property because as you can see from our website we have not only given the best deals on probate property in Florida but also on short sales!

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Selling My House Fast in Orlando- Written by Eugene Hoffman

Selling My House Fast in Orlando

Get a Free offer in 24 hours. Call 407-781-7312

Do you need to sell your Orlando house fast right?  If you’re saying… “I’m having the toughest timeselling my house fast in Orlando“… you’re at the right place 🙂

These tips will help you get your property sold.

[NOTE: Most important – if you really need to sell fast, consider the option of selling for cash offer to a qualified local investor like Eugene Hoffman. There are lots of situations where we can help, including… avoiding foreclosure, divorce, relocating, inherited an unwanted property, own a vacant house underwater with your mortgage, behind on your payments, owe liens, tax issues, downsizing and cannot sell your house, needs repairs you cannot pay for, fire damaged, bad tenants, and more.

Selling My House Fast in Orlando – Your Options

Lately, the financing world has been really screwy. Lenders change program requirements at the last minute – and for normal buyers, that could delay your sale.

Keep in mind that anyone can write a cash offer, even if they’re borrowing money to purchase the property.  So when you’re selling a house through a real estate agent to an end buyer… be prepared that if the buyer’s financing falls through… you’ll have to start the sale process all over again… adding more months to the process, more holding costs you have to pay for, and more.

To avoid having the buyer pull out at the last second because of financing… one option is to sell your house to a local investment firm like us.

Often, qualified investors have access to multiple lines of credit with public and private lenders that are secured by other assets.

That means we can close quickly and we don’t have to wait for a bank loan to come through.You get your sale done and cash in hand quickly. 

You’ll have to do some due diligence to make sure you’re dealing with a qualified local investor. Qualified investors will have no problem providing you access to bankers and references who can verify the investor’s ability to close on the loan.

If you’ve taken a cash offer with an earnest money deposit, you might be entitled to keep the deposit if the buyer can’t close on the purchase.

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Foreclosure notice of default in Florida- what is it? - Written by Eugene Hoffman

Foreclosure notice of default in Florida- what is it?

What is it?

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If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading.

Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The Dodd- Frank bill restricts “dual tracking,” the practice of a mortgage lender beginning a foreclosure action at the same time it offers a borrower a loan modification.

During the financial crisis, the Obama administration created a bill, called HAMP to help the ten million people at risk of foreclosure. In the end, HAMP helped only about one million homeowners in five years.

The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy). The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself. Although this can be really embarrassing to someone going through foreclosure, it’s actually a very important protection for consumers.

Back before US law required a notice of default, people were sometimes foreclosed on without any warning.

In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people out of their house without due process or warning. It’s even happened around Orlando.

The notice of default is a very important step in the foreclosure process that gives people with an interest in the property to step forward and claim their rights – before it’s too late.

If you’ve received a notice of default, don’t wait. Time is definitely of the essence, and you should take action.

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