S | M | T | W | T | F | S |
---|---|---|---|---|---|---|
« Oct | ||||||
1 | 2 | 3 | 4 | 5 | ||
6 | 7 | 8 | 9 | 10 | 11 | 12 |
13 | 14 | 15 | 16 | 17 | 18 | 19 |
20 | 21 | 22 | 23 | 24 | 25 | 26 |
27 | 28 | 29 | 30 |
Question: At a bank foreclosure sale, our investment group purchased a home in Gilbert. Our plan was to “flip” the home to another buyer for a profit after we made $20,000 worth of improvements and repairs to the home. Although we knew there was a tenant in this home, the bank’s agent had said that this tenant had only a verbal month-to-month lease. When we furnished the tenant with a five-day notice to move out, as we have done with other foreclosure homes that our investment group has purchased, the tenant showed us a one-year lease signed by the former owner of the home. This lease has seven months remaining. more…