All Forum Posts by: Mohan P.

sure Steven. thanks for your inputs.

Thanks Steven for your response. 

1.  I will check out with a CPA. 

2.  Let me work with my realtor to see if we can request a new lease.

3. Sure. I am still within the Duedeligence period. 

4. I have just the disclosures. Should I reachout to HOA or should my Realtor be able to get those for me? and what should I ask for? (HOA Minutes of Meeting and last year financial statement?)

5. :) I haven't asked this question and the seller is selling another property in the same community (cash only deal). I assumed that he is trying to book the peak of the market. Should I inquire about it eventhough I signed the contract?

Thanks so much for your response.

Hi BP Investors, I signed a contract for my very fist rental property - A Condo in Tampa Bay, Florida. A Section 8 Tenant in place with 70% rent paid by Tenant and 30% paid by Housing Authority (from section 8). I have the following questions

1. This is a Cash offer. I plan to purchase this under LLC (SMLLC) name. Question is should I transfer all the Cash to LLC's Bank account and have LLC pay for the Property?

2. I dont see Renter's Insurance on the Lease Agreement. How do I proceed with requesting Tenant to get one ?

3. Is there any good article on how to inspect Condo DIY style?

Thanks in Advance!