All Forum Posts by: Kevin Nolan

Hi there - I just purchased my first multifamily property that is occupied by tenants. At the end of the month one of my tenants is moving out as per my request/notice and I want to make sure I dont get into any trouble down the road. Do I need to get any signatures from the tenant confirming he is vacating/surrendering? Its not a lease break, as he was on a month to month lease. Any help/insight would be very helpful

Hi all!

I am in the midst of purchasing my first investment property in Westchester, NY that currently have two Section 8 tenants and want to have them out as soon as possible in order to fix up the units as they are in bad shape at this time. Would someone be able to explain the steps I need to take in order to complete this? 

Thank you everyone for your help with this! So basically, if I have the funds in my account already, my father would be able to transfer the additional money into my account and it wouldn't matter at that point? Just as long as I have the sufficient amount of money in my account already?

Hi everyone - I'm in the process of buying my first rental property (currently waiting on the appraisal), and I have a quick question if you all could help.. So regarding the down payment of, I have the funds myself but my father offered to help on the down payment in order to not sell off my portfolio in the stock market during this time. What I've been told is that I cannot do this since its an investment property, but my question is how will the lender know that the down payment is coming out of my account vs my fathers account? Do they check right before closing to make sure it came out of my account? This may be a dumb question but any help would be really great! 

Thanks!