All Forum Posts by: Diego La Rotta

Hello Bigger pockets,

I'm curious if anyone has gone through this situation or if anyone has any advice on how to go through this situation. When purchasing a property with an FHA loan the guidelines are more stricter than when purchasing a home with a conventional loan from my understanding. A property was purchased with an FHA loan, the property was advertised as a four unit complex. After going to the city and changing the name at the tax department, the owner was told that the property was in fact a two unit property. The owner after going through their closing documents came to the conclusion that it was a duplex.

The buying and selling realtor told the buyers the property was a legal four unit property but never gave a document providing proof that it was a four unit property. The owners contacted the bank and made a claim to the bank of the situation. As of today the bank is doing their search on the property and would give the owners some feedback in the next couple of days.

This property was sold at an appraisal as a four unit property. About $150,000 more than what any two unit property in the area would sell for. The owners are waiting to hear a response from the bank but they would like some feedback from someone that has gone though this situation or has some familiar feedback. 

Thank you
  

thank you all for the advise. something i did not mention is that the property is a four plex and the other tenants are complaining about the junk in the common area. Also their lease ends june 30th.  

long story short I bought a property with inherited tenant. They pay the rent on time and the rent is fair. On the property there is an attached storage which i had all the intend on using but since the tenant was already occupying it because it was in the lease agreement with the previous owner. The previous owner and the tenant agreed on that the tenant will use the storage unit to store his stuff. After the agreement the tenant was using the storage unit and it was a bit of a mess. I asked him to clean it up a little and organize the storage because the water heater is in the storage unit. He also has a bunch of canoes around the property. I asked him to clean and organize the storage unit to have space to get to the water heater and to get rid of the canoes because they are just laying around the property. A month later he kinda organized the outside the property but fast forward to now three months later it just got worse. The tenant has the storage with even more junk inside the storage and the outside he has all the canoes all around the property and a bunch of wood that he uses for his job. I have tried talking to him but he gets aggressive and says he will do it and never does it. 

what can I do to resolve this issue if he continues to do whatever he wants or if he gets aggressive when I go talk to him in person again. 

Thank in advance.   

About a week ago my tenant called telling me her sink was getting clogged after washing dishes. The water wasnt going down and she was getting dirty water backed up. Ended up calling a plumber to unclog the sink he told me it was that the tenant has been trowing away napkins, food etc. Down the sink. The plumber ended up unclogging everything and changing a couple parts and now everything is ok.

My question is do i have to take care of that bill or would she have to pay for it since it was her fault for clogging the sink.

I took a look at the contract and all it says for repairs is that the tenant covers the first $100 dollars of maintenance repairs. I bought the property with the tenant already so i have to honer the current contract.

Thanks in advance

@Joe Scaparra

Thanks for the help

During the inspection it did not note any running toilets or leaks. I will take a closer look once i get the chance but don’t remember seeing that on the inspection report

 Perfect thanks. 

The home appraisal i assume is also deductible correct. 

I will be closing on my first four plex rental and I am running into the issue that the water and sewer bill is sky rocket high. looks like the tenants use up a lot of water. From talking to people around the area the neighbors pay anywhere from 40-80$ every three months per unit. some of the neighbors i asked have their own house two bed room one bath or two bath, the four plex i will be getting are all 1/1's.  when I did the math the tenants are using almost $100 a month on water. Since there are no meters in the property the landlord (in this case me) has to pay the water bill every three months. How should I go about this. Thanks 

to follow up on this topic. I saw that the inspection to the house is deductible. I was in the process of buying a house a couple months back and I did an inspection on it but for various reasons i did not buy the house would that be tax deductible ? 

thanks

@Alfred Munoz

Patton investment properties

https://pattoninvestmentproperties.com