All Forum Posts by: Andres Ruiz

I am under contract on a property. The sellers did not disclose that there was a previous fire in the home. However, during the inspection of the home, the inspector found evidence that there had been a fire. Everything appears to have been repaired but now need to find permits, etc. to make sure it was done properly. Any advice? We would need to walk away from ~$10K so I'm trying to see if there's a path forward.

Thanks, all. The response I received from the PM was that it's due to recent legislation where she's seen "professional" tenants take advantage of recent tenant protection laws that allow them to stay in the property without having to pay rent for the term of the lease. 

I guess it happened to the PM recently so she's cautious about it. I just feel that it will make finding a good tenant harder because they'll want a 1 year lease from my experience.

I have a vacant rental that I am trying to use a property manager for the first time in Sonoma County (Windsor). The property manager feels it's risky to do anything other than a month-to-month lease right now. Is anyone else hearing this? I've always done 1 year leases so I am surprised to hear this.

I am looking to network with local real estate investors in Greensboro, North Carolina. What's the best way to connect. I have been looking at the market but could use a local's perspective on winning strategies.

 Thanks, Katherine. That's helpful to know. Good luck on the leads. How is your market in MO doing?

I am looking to buy my first SFR in the Charlotte Area. I've narrowed it down to Ballantyne (28277) or Matthews (28105) mainly because of the highly rated school district. Can anyone with experience in the Charlotte share some advice? Is focusing on highly rated school districts a winning strategy for the Charlotte area for rental properties or are there better areas I should consider that have better renter pools that you have found to be successful.

Thanks, all. Are there any sites you use to find owners open to subject to? or even seller financing? I recently found landwatch.com.

Hi Mike, thanks for the link and the helpful pitfalls to know. I am looking at creative financing as an alternative way to make my numbers cash flow. Since there are certain sellers that have existing loans with a rate below 4%, I think I can do a mix of cash/take over loans at 4% to allow me to cash flow. 

Did you hire an attorney/CPA to build standard forms or is there a provider you can leverage across deals or how did you go about it? A lot of youtube channels and stuff I've read is very high level and it makes it hard for me to be prepared to answer all the seller questions.

I'm interested in doing subject to financing deals but I'm looking for someone that has done several of these deals that can guide me on what forms are needed, CPA recommendations, etc. I know the general process but I've never done one myself so would like to get general advice on this.

Thanks, Laura and all. Yes, I am starting to analyze various zip codes at the moment.