All Forum Posts by: Przemek Kos

Super helpful Chris, much appreciated.  Any recommendations on where to first look to purchase notes? A broker of sorts. Have not had a chance to tune in to your podcast, but will do so soon.

@Chris Seveney

As I understand there will be forms that need to be signed as part of the sale, someone would need to review the lien documentation, etc.

How is that typically done? Would you need to hire a lawyer to review each document packet?

@Chris Seveney

Any specific place you would recommend for newbie note investor? Partial or whole. Ideally a place that can handle a lot of the paperwork on behalf of the investor. Much appreciated.

@Jai Reddy

Sure but I think the point is - out some sort of a value on whether it ultimately is a sale or gift or goes into your estate. Relatively conservative assumption is probably to assume no further gains from the point of valuation (today or whenever you do the IRR calc). Most conservative to assume no gain upon sale.

Bottom line, whether you dispose of the property or not- you are getting an idea of how it has performed over its life.

Patience is key, Orange County is definitely a hot market this summer/fall.

Middletown and Newburgh make up the bulk of multi family listings in Orange County.

@Austin Pesce

Welcome! We should definitely connect (I live 15 min from you)! So far I have only pulled the trigger (buy and hold rentals) in Orange County, but have looked at Westchester as well.

Found this interesting footnote in a Bloomberg Article on CDC's action.  So in states with moratoriums of their own somehow this does not apply? Any thoughts?

"The CDC's eviction moratorium expressly exempts localities that have adopted moratoria of their own, so our hypothetical voting order might exempt those localities where everyone (Oregon) or almost everyone (Washington the state not the city) already votes by mail."

@Sharlene Mulchandani @Karl B.

Thank you both, will definitely move forward with sending a notice that the tenant is in violation of state occupancy laws.

Hi,

Hypothetical situation - picture a tenant with a family (total of 4) living in a 2 bedroom / 1 bath apartment. That tenant at some point has another 4 people move in (total of 8) and as a result is violating state safe occupancy limits.

As a landlord, what options do you have? How can you enforce safe occupancy rules?

Thanks.