Had that happen with a bank repo I bought. Lots of garbage left by tenants. Simply told the bank to knock 2 K off the price or clean it up that day as I had contractors coming the following day and would sue for any delay in closing. Took pictures and sent them off to my lawyer at 10 am. By 2 pm...

Ran into something like this a couple of years ago with a bank owned rental that still had tenants living there. I did insist that it be empty on closing and it also had a clause like yours. Bank did not like it but I had the highest offer (just over asking) and they had to deal with it. It made...

Currently have a Honda fit for a daily driver and a gmc 3500 4X4 pickup with a easy dump. After running smaller trucks this is the only way to go. I do most of my own work with a couple of guys brought in for bigger jobs. I normally have one house under renos and am currently renting 4 others...

The way I have been doing it is to buy with 20% down. Do the renos as needed/as I can pay for them. Painful but keeps my spending tight and prevents "over fixing" things. LOC and visa can take a beating so watch it. Focus on the inside, rent it then worry about the outside. Tenants so far have...

I have always found it wise to bring along a "friend" when dealing tenants unless I know them well. Sometime the second person is enough to defuse a bad situation, sometimes they can serve as a good witness or at least call for help if things go wrong. And I'm a big guy with no worry's but why...

We have it here in Halifax. 1.4 % on top of any deal adds up and it has to be paid by the buyer when they close. I do think it is neutral for long term investors but is a large bill to pay on your first couple of ppty's when your building up your profile. Bad for first time buyers as it keeps...

Its part of the " Agreement of purchase and sale" thats used here. Common clauses Section 10 (b) . In short you have the right to inspect, pre closing, to confirm the ppty is the same condition as the day you wrote the offer. Section 4 covers closing date and " vacant possession" which I did...

Always make a closing day walk thru a condtion. I just had it happen last month. It was a bank repo that was full of junk from a former tenant. As it was to be "vacant possession" as a another condtion, we told them to clean it up that day or give us 2000 off the price. Took some pictures and...

They have done that very thing in PEI with farm land. Non Islanders are limited to how much they can own. Keeps big corporations from being able to control to much farmland and the price of produce(potatoes) by default. It also keeps land prices stable and allows small farms to stay in business...