All Forum Posts by: Jason Cote

Hi! I live in Providence Rhode Island and have been in the market for a three family for about 6 months. The market is red hot here. I found out I may be transferring to Hawaii (Oahu), in a couple months, and I don’t know anything about the market there. I do know that it’s pricey. I may be living there for 3-4 years max.

Does anyone have experience on that island? Multi families do not seem to be popular. I see a lot of condos and small SFH. My initial thought would be to get a 2-3 bed condo or SFH, with 2 baths, and rent rooms on Airbnb. I'd love to hear from folks who have actually invested in that market.

Thanks!

I've been searching for a multi for awhile now. I prefer a three family for the obvious reasons. I'll be living in one u it for a year, before I can purchase house #2. I'm using a VA loan.

Let’s assume I find two properties, both renting for 1% of purchase price. As a general rule, without getting into the weeds, would you prefer:

1.) an updated 2-Family, in an A+ area.

2.) an updated 3-Family in a B+ area

@Bob Romano hey Bob, do you invest in Warwick? I’m local...I’m in the market for a 3-family in Providence.

Hello, I’m in the market for a 3 family in a very competitive area. The price for these properties is around $600k; with each unit commanding between $1,600-$2000/ month in rent.

I’ve come across a couple properties that fit my criteria in all aspects, except one. At least one of the renters is not paying rent due to COVID. As a landlord, what options do we have in this situation? I understand that these tenants, in most states, cannot be evicted.

As a person that wants to purchase a property with one or more tenants in place, that are not paying rent, are there any good options? Losing out on $3,000-$5,000 in rent each month is not something I want to do. My mindset is that once a tenant is in this situation, they will not resume paying rent, even if their financial situation is perfectly fine.

It seems like the smart idea would be to pass up on this type of property, but I’ve come across more than one in this situation and it scares me. I don’t want to wipe out my reserves in the first year, because of this.

Hi, I'm a bit of a newbie on this Forum. I live in the Providence, RI area and in the market for a 3-4 family. I'll be using a VA loan. Would love to connect with someone locally, and talk.