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Updated over 5 years ago on . Most recent reply

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Pete Zipf
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Soon-to-be Landlord concerned about No-Eviction Policy

Pete Zipf
Posted

I'm in Central, CT. My wife and I are saving for a first multi-family property. 

I have two questions -- 

1.  Should the "no-eviction" law prevent me from buying a 2 or 3 family rental in the next 3-6mos?  

  I am interested in foreclosures/short sales but the laws in CT greatly favor Renters already... and now with    the new "no-eviction" laws, I am concerned that renters will intentionally not pay rent.  Is that a realistic    concern? I have been educating myself on real-estate investment for about a year and still have a lot to      learn.  I found BP through The Book on Rental Property Investing and I look forward to learning more!  

2. What is the best way to find foreclosures in my area?  

Thanks in advance for your help!!

Most Popular Reply

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Sarah Brown
  • Real Estate Agent
  • Nampa, ID
361
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439
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Sarah Brown
  • Real Estate Agent
  • Nampa, ID
Replied

I am in an experienced property manager in a landlord friendly state and I am nervous about tenants intentionally not paying.  It is definitely a concern.  I have an email into my attorney to discuss other options for this.  That being said, it's not stopping me from looking for more investments at this time.  I would make sure you screen your tenants well and do as much due diligence as possible into the type of tenant you will be renting to.  

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