All Forum Posts by: Anne Lewis

Hey , I am totally agree with you that anyone need to have conversation with an attorney before buying the property. Actually, I was just searching for property listings and found different situations. I just checked yourokcpropertymanager.com and I think this can fulfill my requirements. Do you think this is good or if you can suggest a better idea , that would be great.

I am in the process of buying a 3 family home in a college town that I am extremely familiar with. I have done more homework than you can imagine, including reviewing 100 years worth of documents through an OPRA request (which I suggest anyone does who buys investment property). My issue is that I want to live in one of the Units that is currently rented out for 11 more months. The current tenants have known for over 10 months that the house is on the market as buyers have visited the house frequently. I thought I read somewhere about NJ tenant law where if the multi-family house is becoming owner occupied then the tenant has 30 days to leave the Unit. I find it hard to believe I wouldn't be able to move into my own home. Anyway, in case I cannot, I was thinking of offering the tenants up to $2,000 and give them 60 days to move. I think this is fair. As some color the tenants are illegal immigrants so I would think they don't want to cause trouble.