All Forum Posts by: Christopher Leday

I live in Beaumont, TX. There is a 1 acre lot next to one of my investment properties. I have my lawn guy mow and maintain the 1acre lot about every 2 weeks so it does not bring down the appeal of my property. After doing some research to acquire the property... I find out that the owner of the property is deceased. What are my options on acquiring this property that I’m constantly having to maintain?

I have a 1 acer vacant lot next door to one of my investment property. I have to continuously cut the grass. I’ve tried looking up the owner.... and to my surprise the owner is deceased. No owner of this property. If I have to continuously cut this 1 acre lot... how can to possibly buy or take over this property when the current owner is deceased?

@ Kim.... Thx for the info and reply

Also, my loans on each property is under $60,000

Look up Neches Credit Union or 5Points Credit Union. I have all of my investment loan with them on a 15yr fixed. They are located in Beaumont & Port Arthur, Tx

Just purchase a tri-plex that currently has tenants on a month to month lease. One of the tenants is on housing. So, my questions are... When and how should I present my lease to rhe tenants. Besides that...the rent they are currently paying is way less than the going rental rates. The tenant that on housing is paying $600 a month for the 3br/1bth house...and the going rates exceed $750. What is the best options to increasing the rent especially with all of the updating and repairs that will be taking place

Thanks everyone!!! Your input was very helpful and much appreciated ....

Im in the process of getting ready to purchase and finalize on a triplex. Its a 3br 2bth home with (2) 1 br apartments. Of course after renovations are complete I will be going up on rent to be competitive with the going rates. My question is....Does the currents tenants deposit transfer over to me incase of damages or if the tenants leave the place in tiptop shape requesting their deposit upon leaving.

I bought my first with no money down using a conventional/ investment loan. The bought the house for $17k.... But it appraised for double the amount before I fixed it up.

Hello everyone Chris...I've been on BP for a very little while..I am very new to any forms of real estate. I am here to be a sponge and learn the ground level basics of what to do, what to know, how to obtain and the best practices of having rental properties and flipping houses. I'm from Beaumont, TX and I'm a newbie to this new jouney I've chosen in realestate investing. I'm eager to soak up knowledge in all aspects of realestate. I've jump into this world of realestate without a life jacket and I have just purchased my first single family property. 4br/ 2bth