First Eviction Complete- How I survived.
Well BP,
My first eviction has come and gone. I currently own 15 units, and have owned real estate for 1.5 years now and I had my first eviction today, June 13th 2018. The tenants were professional tenants. During my background check they actually gave me the # of one of their family members as their "landlord", bad due diligence on my part. So 3 months delinquent on rent, how did I survive?
OWNING MULTIPLE PROPERTIES. If this single family house were my only investment I would have struggled to cover the basic PITI, yes @Grant Cardone, you are right...... But since I owned multiple units that were collecting income I could go through the eviction process without any repercussions of my personal bank account. My other tenants payed for their rent.
So my best advice, acquire more units.
I love the power of real estate and can't wait to gain more and more experience.
Thanks again BP. Now please get me on the podcast!! @Mindy Jensen @Joshua Dorkin @Brandon Turner @David Greene @Scott Trench
-
Real Estate Agent District of Columbia (#SP98377167) and Virginia (#0225247301)
- 540-960-1507
- http://www.bpgreal.com
- [email protected]