All Forum Posts by: Ronald Julien

Arlan Volquez what do you mean by going to hurt me if we take it to court?  Please elaborate ...

Long story short.  I recently closed on my first home in RI through RI Housing first time homebuyer program.  The 2 family residence was sold fully occupied with tenants.  

I sent a timely termination letter to one of the tenants.  I am told by this tenant, "NO" & is intending to fight me in court.

Is this right for a month to month tenant to do?  I can't move into my home?

Any RI housing attorneys on this to give me some advice?

PLZ HELP!!!

im going to ahead & start the credit union route.  it just sucks being on the road and trying to get someone on the phone.  in the meantime, i would like to reach out to those brokers you mentioned to see for myself.

much appreciated...

yeah, thats the problem.  i started last march to current.  my pay is calculated by the cents per mile when i run a load loaded & empty.  

i went through this 1st time homebuyer program with RI Housing & prime lender in RI.  attempting to go through my credit union in boston.

looking to purchase a 2 or 3 fam in providence or pawtucket ...

I am a OTR trucker currently out of NY for over a yr now. Before going over the road, I gave up my studio apt & sold my car, leaving me with practically no debt. Currently looking to relocate & work locally in the RI area.

Credit is in the 760 area. Have a good amount saved up. No debt. Good verified income. I feel very ready.

Went through 2 different lenders. Both told me because I get paid by the miles & not by the hour, can't verify my income to determine what I can be approved for. I submitted my weekly paychecks since March to now, showing no pay under $800. I am told to come back after the upcoming tax season to possibly determine a approval. This can't be real.

What are my options in this particular situation? Any suggestions/tips?

HELP

Good day,

I am a soon to be a first time homebuyer of a multi family. I have noticed from just browsing online, homes selling with tenants already residing.  I plan on being a owner occupant.  

What are the pros & cons of purchasing a multi family with existing tenants?  Any tips on going about this process?

My concern is how will I know the exact condition of the apartments for any damages, problems, etc?

Tenants vs No Tenants when purchasing first home.

HELP ...

@Dave Abbate appreciate your expertise, the more I learn the more it makes sense.

Thank You

@Martin Vehlow will look into more in depth.

Thank You 

One more thing.  In you guys opinion, do you think it would be too soon to make official contact with a agent or better off establishing that relationship sooner than later?

Also, since I will be in the area next wknd for the homebuyer class, how do you guys go about scoping each area/neighborhood to see if its a good location for me?  What is your process before you say, yes; this the one?

Coming from a owner occupant point of view...

@Anthony Thompson thanks for letting me know Im headed in the right direction.  With all the info I have taken in it did get a bit overwhelming.  I would also like to welcome any recommendations you may have in mind.

Thank You