All Forum Posts by: Faraz Rashid

 Hi,

Thank you! I will definitely check them out!

 Hi,

Thank you very much!

 Hi,

Thank you for providing me with this information! After trying a couple other references, I will check out Scroggins CPA!

Hello, I'm looking for a CPA that specializes in Real Estate and is an investor themselves. Does anyone have any referrals that they can share in the Houston area?

Thank you

@Bruce Lynn 

@Greg Weik

@Tracy Streich

Thanks to each of you that provided me with valuable information. Good news, I was able to come to an agreement with the previous tenants by getting another months rent and security deposit. I was also able to find a new tenant within 6 days. I appreciate the insight and this was a great learning lesson for my future properties.

Hey BP,

I have a tenant who wants to break a Texas lease. They signed in June 2020 and they want out by February 2021. They want to forfeit the security deposit for the February rent and leave the property not having to pay for the remainder of the months. I have read other posts on a lease buy out or taking legal action. I do have an Early termination section in the lease and it clearly states that they must find a new tenant and if they do it must meet landlords qualifying approval. If they do not find other qualifying tenants, is it possible for them to stop paying and abandon the property? They have vacated and cleaned the property and moved to their new location but have been coming back and forth to maintain the property until new tenants are found. Are there alternative solutions to this situation?

Thank you,

Faraz Rashid

@Steve S. Thanks for the response and sending me this informative link to your discussion post. I was able to understand more on how to be strategic and invest smart with my 1031 exchange during Covid-19.

@Steve S. Thank you for your response and the link. It was very informative and definitely trying to be smart with the 1031 exchange.

@Guifre Mora Thanks for the response! Yes this information helped a lot as I am currently looking at lenders for the property I am under contract. Learning about the financing has given me a tremendous amount of knowledge on the market, down/fees, and how rates work with investors vs O/O. I am keeping an eye out for what will transpire in the next 1-2 months

@Owen Dashner Thank you for your response! I think for my first few properties I am going to manage them myself. Like you said it will give me a foundational background of being a PM and allow me learn and seek a PM later down the road with expectations on how I would like the properties to be managed.

@Cody L. Thanks for the response! You gave great pointers for SFH vs MFH. After learning from many individuals my goal is to get a few SFH and learn how to be a PM and then start venturing into MFH. Once I acquire multiple properties in both categories, I would then hand it over to a PM or a PM company. This would all be based on how much time I have to manage the properties