All Forum Posts by: Tyler Gibson

 I know an investor that set up a master lease arrangement with a guy that wanted to sell. She took over the landlord responsibilities while still paying the owner the rent then did a Subject to for several months then refinanced the property to cash the previous owner out. This would allow you to gain control of the property and use the existing equity to cash her out. 

@Steven Young While I don't know the answer to your question you should really google this before asking here on the forums. I understand the process in Florida and now Colorado but I learned it by googling. 

@Eddie Starr the devil will be in the details for this. I have seen something similar before. I decided it wasn't a good idea because I looked at how much they would take of the profits if I chose to sell in 6 years. it is all situational. 

@Chris Asaro You would need to look at the state-specific laws. Here in Florida, you have to honor the lease. You could always do Cash for keys with the current tenant.

 Matt, Why not amend the lease to reflect the new move-in day. Also, it is totally reasonable to pro-rate the rent for early move in. 

@Mikky Chanthavong It largely depends on your goals. My wife and I bought an SFR with FHA. In hindsight, I wish I had bought a 4plex with FHA and saved up money to buy an SFR to live in. there is no right or wrong way it is all preference. I feel that you can leverage an FHA into a Multi-unit better.

@Shannon Sims The answer to this is wherever the business will have the best tax benefits. For example, I live in Florida and have investments in WA. Florida does not have a state income tax so it makes more sense to have my LLC here in Florida.

@Christian Nachtrieb If you know any property managers then I would have them give you an estimate. You can also look on rentometer.com.

@Michinori Kaneko I would suggest you get an accountant and ask them. You could do it all in your personal account but it opens you up to being sued for your personal assets. You should consider moving the property into an LLC which you would then likely want a business checking account.

@Jason Howell you can look on loopnet.com to see CRE listings.