All Forum Posts by: Victoria Noska

@Terre B. that's an idea, but isn't that in lieu of eviction? Plus, they have a sweet deal with rent, especially being locked in for 2 years, so they wouldn't even want to leave...

Hey BP peeps!

The property I want to purchase has one caveat - the previous owner has a lease with a tenant ending in 2020. I believe that the current rent is way too low/not being maximized and I would also like to update the unit. 

What can I do here? Am I able to increase the rent? Do existing lease agreements stay in affect when ownership changes hands?

Thank you SO much,

Victoria Noska

@Brandon Turner ;) 

In Wednesday's webinar, Brandon mentioned that when he makes offers he includes additional things in the price to try to make up the difference between what he needs for a deal vs what was offered. For example, in a single family home, he would offer $200,000 with furniture instead of just the $200,000 on the MLS.

What add on's are there in a duplex? Tenants have the furniture in the one I'm looking at & I'm assuming that's the way with most. Stumped trying to think of other examples in a small multi-fam!

Anyone have any ideas?  Thank you! 

4 units. Also, hi fellow palm beacher! (This one was hard to find, I’m sure you know ha!) 

Hi BP peeps! I found a multifamily prop that I would like to move forward on. After doing further research, I found the current owner bought it in foreclosure for a steal. It's listed for significantly higher than its appraisal value and when compared to local comps.  Would I be able to work a deal with the agent that has the property listed? Or should I have my own (getting my RE license - be my own)? I just can't imagine one agent being unbiased with such a large price difference. Thank you!

Also, in West Palm Beach, FL if anyone is local!