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All Forum Posts by: Justin Snyder

Justin Snyder has started 3 posts and replied 4 times.

Post: CHFA Contract expiring on potential acquisition

Justin SnyderPosted
  • Investor
  • Pueblo, CO
  • Posts 4
  • Votes 1

My buisiness partner and I are looking at a portfolio of properties where the CHFA contracts (60%) on them are expiring for the next few years. My my question is when it expires (Let's say on a 4-plex) what happens to the tenants? If they get assistance do they not any longer? If rents are raised my guess is they no longer will qualify and would have to find a new place? Any input around this would be appreciated.

Thanks

Post: New leases for new complex that were all MtM

Justin SnyderPosted
  • Investor
  • Pueblo, CO
  • Posts 4
  • Votes 1

Thanks Julie and Bjorn!! 

Post: New leases for new complex that were all MtM

Justin SnyderPosted
  • Investor
  • Pueblo, CO
  • Posts 4
  • Votes 1

Acquired a small multi-family apartment complex and all the current leases are MtM from previous owner. Once I close can I immediately sign new leases at a higher rate or do I need to give 30 day notice of increase? This is for a prop on CO. Any help would be appreciated! 

Post: Newbie from Pueblo, CO

Justin SnyderPosted
  • Investor
  • Pueblo, CO
  • Posts 4
  • Votes 1

Hello, my name is Justin Snyder and live in Pueblo, CO. I am eager to get started in real estate investing, and am trying to make my first deal! I want to start with a small family home and work my way up to small apartment complexes. I am hoping to meet some great people that are willing to help me out and possibly be a mentor to get me on my feet. Any advice?