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Updated about 6 years ago,

User Stats

101
Posts
64
Votes
James Nix
  • Rental Property Investor
  • Philadelphia, PA
64
Votes |
101
Posts

Just Got My First Property Under Contract. Whats Next?

James Nix
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hey Everyone, 

I just recently got my first Duplex under contract two days ago. Very excited but trying to be pro-active with everything I figured I come here and post a question to get info on this particular process. So if anybody can give feedback on these various questions it would be greatly appreciated.

1. So other then the home inspection & appraisal what else should I be doing during this time before closing date? 

2. Other then the landlord forms for my state that I got off of BP is there any other documents that you think I will need?

3. I will be owner occupying the property & there are tenants already living in the two units. I did not receive the leases for the tenants yet but figuring if they are on month to month I would have to tell one of them to move. How would you go about handling this?

And truthfully anything else you would like to share about this process please do it will be extremely helpful. I have a great Agent which is an investor also that have been holding my hand through everything already but I know more help would always be a good thing.

thank you in advance 

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