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All Forum Posts by: Justin Brown

Justin Brown has started 9 posts and replied 16 times.

Hope all is well, I am looking to Take a Job in a different City And Looking At Housing an Came Across a Home that is for sale. The home has had many renovations done as far as flooring and kitchen, but the Main Bedroom and Bathroom is unfinished and the home is in Foreclosure. I would love some advice on trying to navigate this if anyone has purchased a property like this before and wanted to know what are the major things I need to be concerned about. According to the listing the bedroom and bathroom is unfinished but I understand many other things can a problem. There are many pictures of the place and things looks in order but I know there are missing things that could come up. I have never purchased a home before but in the town I would potentially move to renting makes little sense do to the cost of housing prices. Any information would be greatly appreciated.

Hope all is well, I am looking to Take a Job in a different City And Looking At Housing an Came Across a Home that is for sale. The home has had many renovations done as far as flooring and kitchen, but the Main Bedroom and Bathroom is unfinished and the home is in Foreclosure. I would love some advice on trying to navigate this if anyone has purchased a property like this before and wanted to know what are the major things I need to be concerned about. According to the listing the bedroom and bathroom is unfinished but I understand many other things can a problem. There are many pictures of the place and things looks in order but I know there are missing things that could come up. I have never purchased a home before but in the town I would potentially move to renting makes little sense do to the cost of housing prices. Any information would be greatly appreciated. 

Post: Investment Property With Tenants

Justin BrownPosted
  • Posts 18
  • Votes 4

Does the Current Owner have to Provide Rent Rolls for Units, even if tenants are on Month to Month and some are paying Cash?

Post: Investment Property With Tenants

Justin BrownPosted
  • Posts 18
  • Votes 4
Tenants is not paying market rent and I want to rehab the place in April so I can get the place up to Market Rent. 



Quote from @Bob Stevens:
Quote from @Justin Brown:

Hope all is well, I am looking for advice on Purchasing Duplex Property With Current Tenants. The Current Tenants Are On Month To Month. I want the Tenants Out April 1 2023 So I Can Rehab the place. How should I proceed with this purchase?  Is there anything I should make sure the owner provides me before closing?


 Ok so when  you close tell them you are not renewing the lease,  but make sure it really is a M2M, and BTW, HIRE A PM co, :)

PS why do you want them out? Are they good tenants paying market rent ? If so leave them alone. 

Post: Investment Property With Tenants

Justin BrownPosted
  • Posts 18
  • Votes 4

Both Tenants are on Month to Month leases.  Should I inform them when I close that they will need to move out by April 1st. Or should I give them a 5-6 month lease informing them that at the end of the lease there will be no renewal 

Post: Investment Property With Tenants

Justin BrownPosted
  • Posts 18
  • Votes 4

Hope all is well, I am looking for advice on Purchasing Duplex Property With Current Tenants. The Current Tenants Are On Month To Month. I want the Tenants Out April 1 2023 So I Can Rehab the place. How should I proceed with this purchase?  Is there anything I should make sure the owner provides me before closing?

Yes I don’t want to start rehab before April 1, 2023.  Current tenants are on month to month leases, so I am wondering how should I handle the property take over with them being on month to month or should I give them a 5-6 month lease

Hope all is well, I am looking for advice on Purchasing Duplex Property With Current Tenants. The Current Tenants Are On Month To Month. I want the Tenants Out April 1 2023 So I Can Rehab the place. How should I proceed with this purchase?  

Looking to get my first Investment property, Looking at a MF That is Fully rented.  Should I pay cash or get a Loan?  I have Great Credit and could pay cash but don’t want to empty reserves.  

I’m in Kansas City, I’m looking to get an Extra Place For AirBNB.