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Updated over 9 years ago on . Most recent reply

User Stats

25
Posts
3
Votes
Rishi Patel
  • Philadelphia, PA
3
Votes |
25
Posts

Under contract for my first MFH.....What to do now?

Rishi Patel
  • Philadelphia, PA
Posted

So Last week, I got under contract for 3 unit MFH. All three tenants are there on 1 year lease. 1st Floor tenant wants to renew her lease and her original lease expires on the last day of August. 

2nd Floor Tenant's lease expires on Last the of January 2016

3rd Floor Tenant's lease expires on Last day of August 2015 and he will have to move since i am going to House hack ( Special shout out to @Brandon Turner

and @Tyler Blackwell )

 What should I do now?

I am working with my lendor to see if they can loan to my LLC for asset protection purposes meanwhile do i run the credit and background apps of the tenants again and give them a new lease or just make addendum.

Need Advice.

Thanks  

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