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

www.investorsgoldmine.com | North Quarter District Condo $119,000| HOA $207

www.investorsgoldmine.com

North Quarter District Condo $119,000| HOA $207

$119,900 1 bd, 1 ba, 645 sqft

Orlando Income Producing Properties For Sale

Click for more Pictures

Condo Pictures

Property overview, great opportunity to purchase the second  cheapest condo available in all of downtown Orlando. This unit comes move in ready, and is $15,000 cheaper than it’s available equivalent, and of the over 200 condos that have closed in the last 12 months in the entire 32801 zip, this would be among the cheapest 13% to sell (including short sales and foreclosures).  Similar units are fetching $1000 a month in rent, combined with low taxes, and low HOA fees, this condo is the perfect gem to tuck into your rental portfolio.

Located in the trendy North Quarter District, this building is perfectly situated just outside the noise of the city, but a short walk to everything downtown has to offer. Lake Eola, Thornton Park, Amway Center, Dr. Phillips Performing Arts Center, fine dining, bars and clubs are all within a mile. Park North offers great amenities like a pool, parking garage, gym, lounge and business center.

Property features Include, spacious floor plan with eat in kitchen, work space, walk-in closet, all appliances including washer/dryer, and an expansive balcony over looking the courtyard and city.

Rehab:  $100
Light cleaning is recommended.

Property Details

Price:

$119,900

Address:

860 N. Orange Ave. #221

City:

Orlando

State:

FL

Zip Code:

32801

Year Built:

2000

Terms:

For Sale

Property Type:

Condo

Square Feet:

645

Bedrooms:

1

Bathrooms:

1

Basement:

Garage

Additional Features

Call (407) 781-7312 for more details

www.Investorsgoldmine.com | Historic Eustis Flip! $85,000 |ARV $160,000

www.Investorsgoldmine.com

Historic Eustis flip! House is centrally located and is close to the town of Eustis. Needs full rehab but has good bones. Much of the flooring can be kept and refinished. Kitchen and baths need updating, and the house needs paint inside and out. Much of the siding can be pressure washed and painted over. A good landscaping will go a long way with this house as well.

Although this house is older and needs a full rehab, getting a flip under $100k is nearly impossible in today’s market, let alone at $85k!!! The rock bottom price point mitigates most of your risk from an older style house!

Eustis, No HOA

Est. Rehab: $40,000

Est. ARV: $155,000 – $160,000

Price:

$85,000

Address:

418 S. Grove St

City:

Eustis

State:

Fl

Zip Code:

32726

Year Built:

1910

Terms:

For Sale

Property Type:

Home

Square Feet:

2108

Bedrooms:

3

Bathrooms:

1.5

Basement:

None

Const. Type:

Frame

www.InvestorsGoldmine.com |Casselberry Cash Flow $62,900 | Avg Rent = 1100/mo| Rent ROI = 16.5%

www.InvestorsGoldmine.com

Contact Gene anytime at 407-781-7312

Property overview, this Seminole County home is being offered at an extreme discount. For context, in the past 12 months only 9 homes in the entire 32707 zip code have sold for less than this house. This is also the cheapest home for sale in the entire Casselberry area. The next cheapest home available for purchase is 13K higher than this opportunity, with non-remodeled homes selling in this neighborhood in less than 25 days this is a slam dunk investment.

Property features include, sturdy shingle roof, newer water heater, intact and functioning windows,

Flip Rehab: 40k-50k
Kitchen and bath updates, new appliances, inspect foundation and repair if needed, interior and exterior paint, fixtures, cosmetics, replace A/C system, and landscaping.

Property Details

Price:

$62,900

Address:

Slumber Ln

City:

Casselberry

State:

FL

Zip Code:

32707

Year Built:

1986

Terms:

For Sale

Property Type:

Home

Square Feet:

1086

Bedrooms:

3

Bathrooms:

2

Basement:

None

Const. Type:

Block

Additional Features

Ppsf: 55.16 Tax/Yr: 1,110.00 Septic/Sewer: Sewer HOA: n/a County: Orange Avg Rent = 1100/mo Gross Rent ROI = 16.5%

Call (407) 781-7312 for more details

Cash-Flow Property|Sanford 32771|Built 1987 Block|$49,000

$49,000 3 bd, 2 ba, 1032 sqft

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Cash Flow Property near historic downtown Sanford. The living room has large windows with plenty of natural light . Inside laundry space and screened in patio. The property needs basic rehab to get rent ready: paint, cleaning, appliances, flooring. bathroom and kitchen updates. A/C and roof look OK.

Town of Sanford, No HOA

Est. Rehab: $8,000 +/-

Est. ARV: $65,000 – $75,000 +/-

Est. Monthly Rent: $750 – $900 (Rentometer)

Property Details

Price:

$49,000

Address:

Orange Ave

City:

Sanford

State:

Fl

Zip Code:

32771

Year Built:

1987

Terms:

For Sale

Property Type:

Home

Square Feet:

1032

Bedrooms:

3

Bathrooms:

2

Basement:

none

Const. Type:

Block

Call (407) 781-7312 for more details

Umatilla | 4 bed 2 bath|$24,900|ARV 75,000|1387SF

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$24,900 4 bd, 2 ba, 1387 sqft

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Great investment opportunity! Two story contemporary with 4 bedrooms, 2 full baths, and almost 1400 square feet in Marion County, close to the Chain of Lakes area. Vinyl Exterior. Composition Roof.

Umatilla, No HOA

Est. Rent Rehab: $10,000

Est. Monthly Rent: $850

Est. Flip Rehab: $22,000

Est. ARV: $75,000

Property Details

Price:

$24,900

Address:

Southeast 156th Place

City:

Umatilla

State:

FL

Zip Code:

32784

Year Built:

1988

Terms:

For Sale

Property Type:

Home

Square Feet:

1387

Bedrooms:

4

Bathrooms:

2

Basement:

None

Const. Type:

Frame / Vinyl Siding

7-home Cash Flow Package| Assignable|$415,000|Income Property

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$415,000 17 bd, 9 ba

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Rare opportunity to pick up a 7-home cash flow package (assignable) with possible owner financing!

All units are rented, and homes are in decent condition with many of them being updated in the last 5 years. Please drive by first before requesting showings.

• 4308 Lake Lawne Ave, 32808- 2/1, 914 sq ft- rented for $795/mth- insurance 501/yr- Taxes $600.17

• 740 W. South St, 32805-3/1, 840 sq ft. Rented for $750/mth- Insurance 972.77 yr- Taxes $717.11

• 3518 W. Robinson St, 32805- 2/1, 1100 sq ft- Rented for $700/mth-Insurance 553/yr- Taxes $422.75

• 4350 Huppel Ave, 32811- 2/1, 960 sq ft- Rented for $650/mth- Insurance $826.57 yr- Taxes $609.70

• 1235 Cypress St, 32805- Duplex with a 1/1 on each side, 500 sq ft each- total rent is $760/mth but could be more- Insurance $1176.53/yr- Taxes $350.34

• 14 Dorcas Ave, 32811-3/1, 905 sq ft- Rented for $650/mth-Insurance $972.77/yr- $650.49

• 4650 Piedmont Ave, 32811-3/2, 1225 sq ft. Rented for $650- Needs AC- Insurance $501/yr-Taxes 820.01

Property Details

Price:

$415,000

Address:

See Property Description

City:

Orlando

State:

FL

Terms:

For Sale

Property Type:

Home

Bedrooms:

17

Bathrooms:

9

Private Lenders For Home Loans In Orlando – Significant Factors You Should Know | Written by Eugene Hoffman

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Private Lenders For Home Loans In Orlando – Significant Factors You Should Know

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Finding money is easy if you find a DEAL first. Partner with me if you find a DEAL.

Not all financial institutions are created equal. Each one has a particular benchmark to determine whether or not they will lend to a borrower, how much they will lend, and at what interest rate.

Not everyone can get a mortgage through a traditional financial institution; however, this doesn’t mean that your dream of owning a home must be put on hold. Fortunately, there are private lenders for investment loans in Orlando that can help an investor buy a home without going through a bank.

Here’s what you need to borrow from private lenders for home loans in Orlando

Private lenders for home loans in Orlando Florida come in handy because they are ready to negotiate with anyone, so long as some specific qualifications are met.

In order for anyone to acquire a mortgage loan from private lenders, they must ensure the borrower has valid income sources and are ready to adhere to the quoted interest rates.

Unlike most financial institutions and traditional lenders, private lenders will be very willing to make you a deal as long as you have some proof of income and a desire to have a mortgage.

Other key factors about obtaining a home loan from a private lender

Every private lender in Orlando is different. Here are some other must-know key factors to obtain a private mortgage home loan:

• The agreement should not be verbal. Everything between the borrower and the lender should be written down and verified. Create an agreement in writing that you both review and sign. That will prevent any confusion, misunderstanding, misinterpretation, or an “I forgot” moment that could dramatically impact you or the lender!
• Clarify taxation: Many people seeking to acquire mortgage loans from private lenders often miss out on understanding the tax implications. Therefore, it can be hard for them to meet the agreed interest rate and payback terms, and they can even expose themselves to hefty fines if they miss a tax payment! Make sure you’re aware of all tax issues while completing the agreement.
• Bring in a professional: Even though you might not be going through a traditional financial institution for your mortgage does not mean you should approach this mortgage haphazardly. Work with an attorney or title company to help create an agreement that works for all parties — these professionals are highly experienced and can ensure that both parties are protected in writing.

Our Company, Bear Lake group, LLC are local cash home buyers, not a nationwide company. The solution we offer is we buy directly from you so when we say SELL HOUSE FAST Orlando, we mean it!