All Forum Posts by: Nelson M.

There are many deals around the Northeast PA area around the 1%-2% ratio. For this specific property it’s 2%.  

Thanks for your advice! I was under the impression I had to register in the specific county where the defendant lives/works. Would you know if there’s a way to register in the state that covers all counties?

Thanks for your answer! I’m getting the feeling that a collection agency might be the best bet but would like to leave that as a last resort.  

It was a mistake on my part after hearing stories of people who were never able to collect, but I guess in a way it’s a good thing that a few years passed because the tenant has seemingly improved their situation and I may have a better chance of collecting now than I did back when they were evicted and had no job or money. 

Thanks for your response. I have learned my lesson for sure.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $169,000
Cash invested: $14,000

One building with 3 units side by side. Each unit has 2 floors. 2 units are 2BR and 1 unit is 4BR.

What made you interested in investing in this type of deal?

Good price and projected cash flow.

How did you find this deal and how did you negotiate it?

Online through conventional sources

How did you finance this deal?

Local lending company

Lessons learned? Challenges?

If there’s a septic tank always inspect carefully and check the repair history.

Hello BP, I started investing back in 2015 with the purchase of a 3-family property around the Northeast Pennsylvania region and admittedly made some rookie mistakes. A few years later I found myself in court to evict a tenant who hadn’t paid rent in several months. The tenant didn’t show up and I won the judgement for a significant amount. 

I had always read stories about how unlikely it was to successfully collect a judgement so I held on to this for a couple years but I’m finally ready to give it a try to see if it’s possible to collect at least a portion of the debt.

The issue I’m facing is that I have very limited information on the defendant so I can’t file a writ of garnishment because I have no idea where they work or which bank accounts they have. Only thing I know is they moved to Mississippi and I was able to get the name of their current landlord but that’s about it.

How would you begin the process of collecting this judgment considering the situation? Should I contact the current landlord and try to get information on the defendant? The person doesn’t know that I have this info and I wouldn’t want them getting tipped off yet but might be worth the risk. Should I contact a RE attorney in MS? or perhaps just give the judgement to a collections agency?

Would appreciate any advice here. Thanks for your help! 

Hello BP,

I am currently going through the eviction process and was hoping someone here could give me a referral for a good eviction attorney who charges a reasonable rate. My property is located in Northeast PA.

I already posted and certified-mailed the Notice to Quit so I am now waiting out the 10 days to file the lawsuit. I have all the paperwork ready and was thinking of doing it myself but I was hoping someone from this helpful community would be able to refer me to affordable legal representation.

Thank you very much in advance!

Cozy seems like a good alternative, don't have experience with it but that's the one I will be using as soon as I close on my purchase.

Hello Beth, welcome to BP. You'll find great resources of information here. I am currently in the process of purchasing a triplex located in NE Pennsylvania as well. Happy deal hunting! 

Yes, my lender revised my pre-approval letter and the analysis numbers seem to make sense. I'm looking forward to the inspections! My only worry is the age of the home (1820) but it does look well-maintained. Hopefully I'm not setting myself up for any big CapEx items.