The God's House (part 3)

Sorry for the delay due to the long weekend.

I called the seller and told her that I did not like the house, three small bed rooms and only one and half bathes, it had no garage or car port and everybody else in the street has 2 car carport or garage, but I could help her to buy the house if the price was right. So I asked how much she wanted for the house, she said her list agent to be told her houses were sold in same area sold for above $110,000, and she only wanted $90,000. I told her every house was different, this one had no parking and $20,000 worth fixing to be done. Friend of mine paid in the lower $80,000 for house in the same area several months ago, I could not pay $90,000. I would pay $85,000, if everything were fixed. She said she wanted sell as is. Finally we agreed on the price at $70,000. I told her before I signed contract with her I would sign the agreement with the tenant first.
I told the tenant that the landlord agreed my offer and I needed her to sign some document and pay me $3,000 deposit. She was so excited, and she took a personal loan from bank for the deposit. At the time we signed the documents, several friends of the tenant were there to review the documents with her, and they all believed it was just fair, they were so happy for the tenant she could stay in the same house she had stayed for over 13 years. She put all the documents in a folder and asked what she should name the fold, “The God’s House” said by all her friends. Every time when I talked with her or visited her, she would call me her angel. My wife did not believe me until she heard the tenant called me her angel through the phone.
Because the tenant was served eviction notice already, I added that the seller must let the tenant stay in the contract, the seller agreed and asked if I would pay the coming month mortgage for her since she gave me a real good deal and the tenant had not paying for 4 months. I told her I understood her feeling, but I would pay mortgage after we close the deal.
The seller paid $68,000 at 20 years ago and the appraisal price was $100,000, so it was not bad deal for me. After closing, I found out it was nice hardwood floor under the old carpet, life was even better. So far, I put new tile in the bathroom, repainted it, installed new shower door, new lights and mirror. It is much better than before. The tenant would select all the products and I do the job around her schedule, and she is really happy and appreciates.

所有跟帖： 

• DDDDDDDDDDDDDDDDDDD! -小小石头- ♂ (0 bytes) () 02/19/2008 postreply 09:48:01

• Ding! Good man, good deal. -U6D3- ♂ (0 bytes) () 02/19/2008 postreply 09:50:37

• 模范黄世仁-------君子爱财取之有道。 -小小石头- ♂ (4 bytes) () 02/19/2008 postreply 09:55:37

• 回复：模范黄世仁-------君子爱财取之有道。 -David2005- ♂ (116 bytes) () 02/19/2008 postreply 10:55:50

• 呵呵呵、、、那是肯定滴。 -小小石头- ♂ (0 bytes) () 02/19/2008 postreply 11:00:29

• 大顶一下！ -寒冬的梅- ♀ (0 bytes) () 02/19/2008 postreply 10:22:51

• 三个parts一起顶 -抛玉引砖- ♂ (0 bytes) () 02/19/2008 postreply 10:24:37

• Great! But what's the monthly rent? -va_landlord- ♂ (0 bytes) () 02/19/2008 postreply 10:26:06

• Do you have to know all my secret:? -david2005- ♂ (80 bytes) () 02/19/2008 postreply 10:53:17

• great！ -cultuslake- ♂ (0 bytes) () 02/19/2008 postreply 10:41:55

• $70K+$20K repair means $539 P&I-- very positive cash flow -va_landlord- ♂ (104 bytes) () 02/19/2008 postreply 11:20:40

• 回复：$70K+$20K repair means $539 P&I-- very positive cash flow -David2005- ♂ (207 bytes) () 02/19/2008 postreply 12:46:13

• 在哪儿？这么便宜的房子。　羡慕ing. -pediatrician2- ♂ (0 bytes) () 02/19/2008 postreply 11:23:20

• 回复：The God's House (part 3) -米袋袋- ♀ (59 bytes) () 02/19/2008 postreply 11:31:42

• It follows part 1. -David2005- ♂ (72 bytes) () 02/19/2008 postreply 12:39:27

• 回复：It follows part 1. -米袋袋- ♀ (110 bytes) () 02/19/2008 postreply 13:24:32

• 回复：回复：It follows part 1. -david2005- ♂ (187 bytes) () 02/19/2008 postreply 14:22:41

• Because they feel it at home and they will treat it as their hom -米袋袋- ♀ (0 bytes) () 02/19/2008 postreply 15:02:23

• 为什么她拖了4个月房租面临eviction, 但这么爽快给你3000 -抛玉引砖- ♂ (45 bytes) () 02/19/2008 postreply 12:01:58

• Probably she had known the owner was going to sell the house -va_landlord- ♂ (61 bytes) () 02/19/2008 postreply 12:24:47

• 回复：Probably she had known the owner was going to sell the house -David2005- ♂ (184 bytes) () 02/19/2008 postreply 12:36:40

• 回复：为什么她拖了4个月房租面临eviction, 但这么爽快给你3000 -David2005- ♂ (414 bytes) () 02/19/2008 postreply 12:31:53

• Some tenants are always bad, some always good, -va_landlord- ♂ (46 bytes) () 02/19/2008 postreply 12:44:31

• 也就是说她每月没有什末余钱留下。如果她哪天对你不满意了或有另外的地方要用钱。她可能也象对前房东那样欠租不交。感觉不是很可靠。 -billz99- ♂ (0 bytes) () 02/20/2008 postreply 13:16:59

• 回复：也就是说她每月没有什末余钱留下。如果她哪天对你不满意了或有另外的地方要用钱。她可能也象对前房东那样欠租不交。感觉不是很可靠 -david2005- ♂ (357 bytes) () 02/21/2008 postreply 12:06:14

• 顶这样的实务案例。非常有用。羡慕你找到这么好的 -beenthereyes- ♀ (81 bytes) () 02/19/2008 postreply 13:31:40

• 佩服啊，这是真正的几向受益，祝好人有好报 -芦苇葱葱- ♀ (0 bytes) () 02/19/2008 postreply 17:15:57

• 回复：佩服啊，这是真正的几向受益，祝好人有好报 -david2005- ♂ (6 bytes) () 02/19/2008 postreply 19:55:14