Bid officially and finally accepted by the bank on the townhouse we first saw weeks ago (the one that was waiting for an owner occupier bid first). Title search has begun and the inspection is scheduled for Saturday. We know the inspection will report a lot of problems, but Hubby uses that report as a sneak preview of what will be found when he goes to resell (pretty clever!). Our handy man called today looking for work, but the closing can't take place before the end of April due to all of the paperwork and because we are dealing with a bank, not a real human being!
Lost the bid on the other townhouse, someone offered more than asking price. Oh well, plenty of other fish in the sea. We worry sometimes because we pay some one to do everything. Most people who flip houses do a lot of the construction work themselves. Paying for everything lowers our profit, so we will have to make up in volume (we are happy to make 10K on a property, others want to make 30K).
Meanwhile Hubby is really really frustrated on the eviction process. We are getting zero help from the local and the county courthouses. The judge wants us to give another notice to one group owes almost $1000 and another unit owes even more than that. First eviction notice filed on both, but because we entered into a payment agreement with one group, the judge says we have start the process from scratch! A lawyer we hired for an opinion says that the tenant has waived his right to a notice in the lease, but we are bound by what the court will say.
Could not find a constable who would deliver the eviction notice for us, but we remembered a friend who's a parole officer and PI. Going to ask him to officially deliver the notice. Hoping this will really get the tenants attention!
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