u/tooniceofguy99

[Landlord US-WI] Most painless way to...remove month-to-month tenants?

I will be inheriting tenants at extremely low rent in a duplex. One tenant is the daughter who doesn't pay rent and has like 4 kids and 5 cats. The other tenant is the mother who pays very very low rent for both of them.

No security deposit and verbal leases from previous owners. How would you go about causing them to move?

In my experience, inherited tenants do not stay. They will seek alternative homes.

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u/tooniceofguy99 — 4 days ago

Wet funds - wholesaling

To title company, "Hi, I’m assigning a purchase contract. Do you require wet funds from the end buyer for an assignment, or can you close with the buyer’s funds coming in at closing?"

I learned some title companies require funds while the "signatures are wet." Meaning, wholesaler needs the funds or transactional funding.

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u/tooniceofguy99 — 10 days ago