Squatters right before the lockdown? Serving a Lawsuit? NEW 40% off Coupon code ImNotLeaving 🔥🔥🔥 Lifetime access to programs on building your wealth & new updates in stocks, real estate, management, sales, or Youtube. https://metkevin.com/join Want deals off market / before they hit the MLS? Checkout https://metkevin.com/deals for DealMachine!
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Lauren’s Reaction: https://www.youtube.com/watch?v=KSqfE6WNLKs
I have squatters in the new house I’m buying and there’s a threatened lawsuit. I have a rule that I won’t close a deal with people inside - I do not like inheriting people unless I’ve screened them as tenants - it’s too risky to close a deal with people still inside, the seller or other, unless they’re fully qualified. Especially in a state like California where it’s very difficult to evict someone, especially during a crisis where it’s impossible. The last thing I want to do is get stuck making payments for someone else. So I recommend closing a deal on HOLD - basically, giving me another opportunity to check the deal prior to closing. Unfortunately, the people get out. So rather than close the deal, I delay the deal and break down my step-by-step negotiations with the seller and attorney. After threatening a small claims lawsuit AND pulling strings and tricks with my lender and their attorney, I ended up striking a deal that made sense. Stay safe in real estate.
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🚧🚧🚧🚧DISCLAIMER🚧🚧🚧🚧
❎I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other. This is a Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Kevin's videos. If you need ANY professional advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575.
This is not an advertisement of property for sale and any mention of properties listed or sale or otherwise shall not be construed as anything other than an opinion for entertainment purposes only.
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