All Forum Posts by: Chris Mandle

Thanks @Jaysen Medhurst!!

Anyone have any advise or strategies to get a HOLOC on a CO-OP? I am trying to look at smaller banks and credit unions, but curious if anyone has a different or creative way to get this. Thanks,

Hey @Scott Raynor- Is it section 8 or government housing? Does it need work? Do you have funds for worst case?

Hi World!

I Have a good opportunity on 4 section 8 properties that are cash flowing nicely. Its off market. i unfortunately am low on capital at the moment. I have someone who would help with the down payment. I am looking for creative ways on how a deal like this would be structured? There will not be opportunity to Rehab and force much appreciation. The investor would like to cash out after 12 months, but I am not sure how to make that work when its a cash flow deal and not a rehab deal where I could pull cash out. Any ideas??? 

Hi BP! I have some off market deals that I am interesting in partnering with someone on. Many of the deals are sec 8 housing and with being conservative on all expenses will have some solid cashflow. I am a new investor and own 1 3plex at the moment, but a little tight on my capital right now. Personally I like the section 8 in times like this because it is almost guaranteed. I have never partnered before so this is new territory to me. Please reach out directly if you want more information and if you have partnered before please let me know what you have done in the past or how you would suggest we make this happen.

Thanks and be safe out there!

Just acquired my first REI. 3 plex in a C neighborhood and I would like to raise rent. Each unit is occupied and they are all on month to month. I was thinking of sending them a notice that in 3 months rent will be increasing by $50. Each unit Would still be under value by about $300..along with raising rent I would like to get them on a 1 year lease. My concern is if I raise rent but give them 3 months notice they may not pay at all. But if I don't give them notice they may be very upset. Thoughts on how to execute this?

Thanks @Jonathan Greene, Really appreciate it!

Hi BP Community!

Looking to interview a PM for a 3 family house in Newark. Thanks for the help!

@Elizabeth L. what part of Jersey are you in? I have heard of landlords also taking the total water bill for previous Month, dividing it equally to tenets and adding it to current months rent....depends on where you are located as far as whats possible.

Hi @Robert Matos welcome to the BP family :) 

Looks like I will be closing on a property this week/early next. Not sure at this point what kind of help if any is needed, but let’s   stay in touch! Good luck to you! 

@Robert Matosundefined