All Forum Posts by: Lisa Min

Thank you! So it is legal to raise the rent on my own lease even in light of covid? Yeah, in this case it is an honest mistake, but unfortunate.

I am about to buy a duplex and am inheriting renters. One is on a lease until the end of the year and another is month to month. Is it fine to put the MTM tenants on my own lease once the deal goes through? I wanted to check references and make sure they have an income, but wasn't sure if I would be stuck the possibility of non-paying tenants in light of COVID moratorium laws if they are unemployed. They are also paying hundreds of dollars under rental prices for my area so I wanted to raise the rent. I was told mistakenly told these tenants were paying much higher rent when I agreed to take them on. Then found out shortly after my realtor made a mistake with rental incomes. 

Hi! First post here! I am about to buy my first investment property duplex. I have found a couple banks that allow 15% or 20% down instead of 25%, but only on the condition of a 5 year ARM instead of 30 yr fixed. How hard is it to refinance an investment property to a 30 year fixed down the line?