All Forum Posts by: Exavier Martinez

 I had a deposit, sucks that we don’t have a lot of protection against things like this. 

So I am currently house hacking. One of the tenants I had signed a 3 month lease. After the second month he just up and disappeared. No warning, no heads up, nothing. In the lease there was an agreement that if it was terminated early it would cost him $1000. How do I go about receiving these funds? Or what are the next steps I have to take? Do I just eat the loss? Any information would be greatly appreciated. 

The Lien they put goes down every year to eventually 0. You could also refinance out of the original NACA loan. It's a few extra steps, but it's essentially free real estate. 3.5% vs essentially inspection costs and some extra steps. Not a bad trade off in my eyes.

Ok so here's my dilemma. I want to buy a multifamily through the NACA program, but I already own a single family under a VA loan that I would like to keep. NACA rules state that you can't already own a property in order to use the program. I am trying to see if anybody knows a loophole that I could possibly use to technically get the property out of my name so I can use the NACA program. Or should I just sell it sub to, to somebody like a family member and still make the payments while I rent it out. I don't really have equity in it since I bought at the height of the market, so a conventional sale wouldn't be ideal. Basically I need to know what would be the best way to go about this. I want to keep the single family as a rental, but I technically can't own it to use the NACA program.

When doing a house hack do you suggest that tenants get a P.O box, so that their mail doesn’t get delivered to the house? Or does it even matter where their mail goes? For possible eviction purposes would that help

I am trying to rent out extra rooms in my house, but It seems like absolutely nobody wants to pay for the application fee. What can I do in this situation? I have had an ABUNDANCE of people interested, but nobody willing to pay $39 for an app. 

Does anybody have a lease template for the state of florida? Or any recommendations for florida leases?

I am trying to find my first off market deal. I’m curious of how to propose to the owners that I am interested in the property. If anybody has some good templates or good advice that would help a lot.