Hi @Ellen Feiss I agree with @Ty Coutts that you should start with informal, friendly, face-to-face conversations with the tenants to establish rapport, especially as you have some lead time here before next April.People don't like surprises or having to scramble, so if you are able to let them know your plans in advance, if they are reasonable people they should appreciate the extra lead time.This is especially true if their rents are currently very under market - they will have sticker shock when they look at what other units are renting for, and have to spend more time finding a new unit (if you'll be asking them to leave).If you have to move into one of the units yourself, I'm surprised you (or your lender) didn't make it a condition of the purchase and make the seller have the unit vacant for you.Sooner or later in rental real estate, you will have to establish a relationship with an eviction attorney.

Hello,I am a new real estate investor based in Troy, Michigan, actively seeking potential cash buyers and seasoned wholesalers in the Metropolitan Area.

It's a real pain to enforce but it's worth it.The majority of carriers right now have a loss rule on new business that varies but goes something like this... they will not accept your new policy if you have a loss in the last 3 or 5 years.

Like early 1900's in Florida.

We have recently moved to Florida and decided to keep our portfolio in Shreveport, with the exception of 1-2 properties that would make great cash to pay off a different property or two.

Gross negligence is very real. 

I'm not sure if you will find someone to post about this topic here but you can certainly visit some of the real estate groups close to you (there are several in San Antonio).  

Please share your thoughts:What are some of the most favorable terms you’ve negotiated with private lenders? How do these terms compare to traditional loan options?What strategies have you found effective in building ...

Joined the community in the hopes of networking with like minded folks.A wee bit burnt out from the corporate 9-5 hustle so exploring Real Estate as a means of building wealth and some freedom for me and the family.Hope to connect with some of you soon

Executive SummaryThe multifamily real estate sector has experienced a sharp rise in distress rates, increasing from 2.6% to 8.4% over the past seven months.