Wow - I was away for a week and a lot happened! Hubby put bids in on two places. One is the townhouse near us that he was blocked from bidding on and they accepted his bid right away! Woo Hoo! Flipping house number 2 in in the works. Very excited but working with the banks is frustrating. They wanted everything submitted thru a website, but once they accepted they wanted original documentation fedex'ed right away. Of course, Hubby did that, and, of course, no word from the bank since!!!
The second bid went in for a condo near one of the rentals we own. Listed for $57K, he originally bid $49 and is in negotiations. Says the highest he can go is $52 and still make what he considers to be the min profit. The place is really dirty and needs paint (I haven't seen it, but that is what he says). $10K max. After all that it should sell for something in the high $80s, giving at least a $10K profit once you consider closing costs on both ends. Feels like things are moving now!
Still dealing with frustrations from tenants in 2 apartments. One group has not paid the rent in 2 months. They claim that a tax refund is due on April 3rd (was originally March 26th). On top of all of that, these people are constantly complaining about something with the apartment. Today it was a cabinet that is loose. As far as I'm concerned they have no cause for complaint given all the leeway that Hubby has given them!
Another group of tenants is on a payment plan, but already falling behind. The excuses are amazing: can get rides, paycheck eaten up by child support, etc etc. They are always running around, but never have money for the rent! Luckily we have 5 good, reliable, tenants because these two units would spoil him on the idea of landlording forever (at least they would for me - he has more patience!). Going to court tomorrow to start eviction for these folks!
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