All Forum Posts by: Chinyere Orie

Congrats!  Seems like a great investment and a great price in the Baltimore area.  How many units is the property?

Thanks!  I'll add that to my list for the year 

Nice!  Congrats on your success.  My goals include reading 52 self-development books this year and buy 2 multifamily properties this year!  Good luck to you

Congratulations!  You had a great 2020...cheers to further success in 2021!

Congratulations on your success!  Thanks for sharing all your tips...I'll definitely be implementing some of them, particularly the networking and education.  Good luck!

The default requirement for M2M leases in Maryland is 30 days.  You can put a clause in the lease to require 90 days, but the tenants may push back on that.  Just be prepared.  Also, make sure you define "extraordinary circumstances" in the lease so there is no confusion.  And I recommend that your require all notice be given in writing via text, email or certified letter.  I've seen cases where tenants put the notice in the memo line of their rent check, which, although it's technically in writing, leads to confusion as to when the actual 30 days started.  Just a few things to consider.

Congratulations!  Cheers to crushing it in 2020 and best of luck to you in 2021!

Awesome! Definitely sounds like a very low risk investment strategy because appreciation in the long term is pretty much guaranteed.  Good luck!

I would stand firm on having the tenant be removed prior to closing.  The fact that the seller is willing to reduce the purchase price by 10K to keep the tenant there is a huge red flag for me.  Maybe suggest the landlord offer the tenant cash for keys to vacate the property prior to closing.  

 Agree 100%