Re: HELP! I really need some assistance here… - Posted by Jim FL
Posted by Jim FL on March 29, 2006 at 19:20:09:
Charity and company…
Here is your first mistake, and one you’ve made before.
This might be harsh, but, you know me.
Have a thick skin, and PLEASE listen to what I have to say here.
Take it to heart, but not personal, this is business.
Your post here says a lot about what you WANT, and what the tenants WANT…not what is needed.
Bottom line, you lost control the minute you allowed the tenant to not pay full rent.
The thing is, this is a deal that does have profit left in it, for you, if you act correctly.
The thing is, you must take control, and maintain it.
Tell the tenants, here’s the deal folks, you cannot afford to buy the house, and we cannot keep you in it.
So, buy or leave, here’s your notice.
then, when they get out, clean it up and market like mad.
If its worth say $200k, offer it at $190k, and cover some closing costs for the buyer.
Bottom line, you let emotion and fear take over here and this is why the deal has not gone well…in your mind.
So, change your mindset, you own the house, you control things.
Get it done and get it done fast.
I’ve seen you be timid before, and it paralyzed you…then, when you took control, what happened?
You did fine.
Don’t be afraid to ruffle some feathers along the way…as long as the deal closes, and everyone gets paid as they should.
I wantded to go into much more detail here, but frankly I’m getting ready for a trip and lack the time.
Call me if you need to, I will help get this straightened out for you, if you want.
P.S. Drop me a priv email for a # if you lost it.