All Forum Posts by: Thomas N Dowling

The first thing I would do is go to the tenants and introduce myself as the new owner.  

Then I would just tell them I want to move in and ask them to move out.     They might agree and there will be no problem.

They might ask for some time.   I would agree to some reasonable amount of time, say 60 to 90 days.  

In the meantime, determine a fair rent amount and collect it immediately.  

Only if they don't agree to the above is when I would consider starting the eviction procedure stuff.

If they have a lease, they will say so. Ask for a copy. Try to find out if it's valid.   Maybe you could track down the former owner and maybe he will tell you if he had a lease with them.  

Hi Dave.    
There are a lot of foreclosures in the Tobyhanna area which is where I have started.    So I think the market is somewhat depressed.     I can't say much about renting or selling yet, since I've just started on the buy side; but from what I've seen some nice houses selling for, there seem to be opportunities for profit. 

Where I'm living now is just north of Blue Mountain in SW Monroe County, so I'm just over the mountain from the Lehigh Valley where I see you are.   It's about halfway between Mt. Pocono and the Bethlehem area.

DLP Realty is holding a free seminar at 1pm this Saturday, February 27, at their office in Bethlehem on Buying Houses, which I plan to attend.   I just found out today that they have available seats in case your interested. 

Hi.   I have started getting involved in buying (mostly foreclosed) single family homes in the Pocono Mountain area of Pennsylvania (Monroe County), for flipping and/or renting.  Most of the foreclosures around here seem to be owned by Fannie Mae.   

 I may also get involved in buying some lots suitable for building, if I can get them very inexpensively, as there is not now, nor do I expect there to soon be much building going on around here for a while, until the foreclosure market gets bought up more. 

I may also be willing to invest in the Lehigh Valley or Carbon County. 

Taxes are very high in Monroe county.    Most 3BR, 2Bath homes that are in good shape are worth close to $100k and have taxes around $3600/yr. 

I've bought two fixer-uppers so far, and am fixing them up now.  

This is my full time job now.   

I am a mechanical engineer by education, and have a background mainly in construction work.   I am using others to do almost all the renovation work, however, so I can concentrate on the business end, and in finding new deals.    

I have a lot to learn about the market and the business; and I'm on the way!