All Forum Posts by: Christian (Whitehead) Scott

Hi BP gang,

I'm wanting to purchase a 2-4 unit multi-fam property as an owner occupant, considering a duplex currently. If both units are occupied with month to month leases, am I obligated to keep the current tenants or can I give them "X" amount of days to vacate the property upon closing or the like? The lender mentioned the tenants having the right to remain in the property, and me possibly not getting financing as an owner occupant. But I know there is a way viable & ethical way of handling this so I can get the financing.

Thoughts?

Interesting question @Todd Plambeck. I actually haven't heard that feedback to avoid the area. My only guess is that these neighborhoods aren't the most desirable for primary homeowners, but my research shows that Balch Springs/Mesquite areas are top areas with cash buyers. Which tells me investors are buying in these areas for some reason. Perhaps just for the purpose that you're doing...rental properties. If your numbers bear out on the positive end, then I say go for it! Best wishes!

Hey Matt,

Good to meet you & welcome to BP Nation! I'm fairly new as well & am honing my skills specifically on the wholesale side of things. I see the areas you're looking in, what other criteria (rooms, baths, garage, etc) are you wanting in your homes? I'll be on the hunt!

I understand S8 is a great way to go, understanding there is some risk, just as with anything. Don't let that deter you! Congrats on your 1st closing!!!

Wow, thanks for sharing @Paul Bush! I've recently found Sean Terry via a podcast & I love the way he's passionate about the possibility of wholesaling properties. Major congrats for making no excuse for taking the steps & making the moves that produced success!

I'd love to stay in touch with you as I'm beginning to study & start mailouts for wholesaling.

Way to go!

Hi BPers!

Any investors in the DFW (Dallas/Ft. Worth) area interested in getting together for a meet-up?!?! I'd like to connect with wholesalers in the commercial sector & make myself available to help where needed.

Let's get together DFW BPers & make connections!!!

Let me know if you're interested & where you're located & we'll find a common ground & date to meet.

Hey @Andrew Herrig,

I'm interested in duplexes & triplexes should you come across any. I'll also check out your website.

Hi BPers!

I'm looking for a referral for a real estate agent that understands the investor buyer in the Atlanta suburb areas of Stone Mountain, Decatur, Lithonia. If the realtor is also a BP member, even better!

Please message me.

Great job @James Stokes!!! Post a pic of the kiddos!!!!!

@James Stokesundefined

Hey Scott, thanks for your reply!

So to make sure I understand you correctly, you add the repair costs to the purchase price & put nothing for the rehab costs?

I'll try that now.

Thanks again, feel free to only respond if I've got it wrong!