All Forum Posts by: Weta Bryant

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Weta Bryant has started 0 posts and replied 5 times.

Quote from @Tom Server:

I currently own a triplex. The triplex consists of 2- 2br/1ba rent is $1050 and 1- 1br/ba $950. The 1 bedroom currently has a section 8 tenant payment

All the rents are under the fair market value for its zip range.

The 2 2bedrooms are currently month to month and the 1 bedrooms lease is up in August. I wanted to contact the section 8 department and want to raise the rent to the fair market value of $1150. I'm thinking of keeping the 2bedrooms at the current rate. This could be a stupid question but I guess this is why some of us are here.. But would it cause any issues that my 1 bedroom which is getting paid by the state will have a higher rent than my 2bedrooms?

Keep in mind the timeline of requesting increase. Mine says 60 days prior to end of lease. I add it to my excel sheet as a reminder to send the form for rent increase.

0 Votes

Quote from @AJ Exner:

Quote from @Elvin William:

hello, any one know any lender does dscr loan minimum $60,000 or $80,000 loan amount in Ohio? I see the minimum is $100,000. Any help will be helpful. Again DSCR loan $60,000 or $80,000. Thanks

I am aware of a few that can do that. Sent you a DM and would be happy get you connected.

AJ are you able to DM me as well. I have the same interest. Thank you.

@Elvin William thanks for asking this question. I am spinning my wheels in my market.

0 Votes

Newbie here,

If the refi numbers don’t bring in your comfortable cash flow, then sell and keep it going. I’m a buy and hold as well but if it doesn’t make dollars…
I also factor if the neighborhood is growing, is anything bringing appreciation. If it’s stable then rinse repeat. Doing my first few repairs on my third door, 🤞🏽 I can stay on budget.
Good Luck!

1 Vote

Long Island, New York

Quote from @Michael Dumler:

@Jim Moore, I'll shoot you a message.

Do you happen to know any good property managers in Bibb county/Macon area? Thanks!

0 Votes

Atlanta, Georgia

@Dan Guenther Hi may I also know which lenders offer 10% down on investments?

0 Votes

Fort Collins, Colorado