All Forum Posts by: Brad Jordan
Brad Jordan has started 7 posts and replied 20 times.
Post: Inherited Section 8 Tenant- First Investment Property!

- Reynoldsburg, OH
- Posts 20
- Votes 3
Good Evening!
I just closed on my first investment property. I purchased an REO. There is currently a tenant that is section 8. I met the tenant last night at the property. She is currently on a month to month lease. The house needs a bit of work. A few things were caused by her and her kids(two busted windows, a couple holes in dry wall, and disposal leaking). A few things are just in need of replacing which is paint and carpet. She has been in the house for 10+ years and it looks like original carpet and paint. She would like to stay and rent is paid 100% by the housing authority. Since she is month to month with a few kids I don't want to replace the carpet and paint for them to trash it and in two months give 30 day notice to move out! If I replace the carpet and paint should I have her sign a year lease or not replace the carpet and paint, leaving her on month to month? Any suggestions or advice??
Brad
Post: Under Contract And will be acquiring Section 8 tenant

- Reynoldsburg, OH
- Posts 20
- Votes 3
Great! Thank you for the help! I just received an update today and the tenant is provided 100% of their payment by the housing authority. Confirmed month to month and tenant has been in place for 8 years. Definitely a learning curve but thank you all.
Post: Under Contract And will be acquiring Section 8 tenant

- Reynoldsburg, OH
- Posts 20
- Votes 3
Post: Under Contract on a House with Section 8 tenant in place.

- Reynoldsburg, OH
- Posts 20
- Votes 3
Post: Under Contract on house with Section 8 Tenant in place

- Reynoldsburg, OH
- Posts 20
- Votes 3
Post: Financing off market deals

- Reynoldsburg, OH
- Posts 20
- Votes 3
Post: Financing off market deals

- Reynoldsburg, OH
- Posts 20
- Votes 3
Post: Working on securing my first deal here are the numbers. feedback!

- Reynoldsburg, OH
- Posts 20
- Votes 3
Thank you for the Feedback! Still working on the deal.
Post: Working on securing my first deal here are the numbers. feedback!

- Reynoldsburg, OH
- Posts 20
- Votes 3
I am currently working a deal on a duplex that currently has 100% occupancy. One tenant has been there for 11 years and other 2 years. They just resigned their lease before the property went up for sale.
price: 160,000
Rent: 1,600/ Month
Payment for 30yrs at 4.12% with 40k down, based upon 100/ month for Insurance is roughly 899.
The Furnaces in both units are older but working great and one ac was replaced about 6 years ago but the other is well aged.
Numbers seem to work great but being my first deal and not working with any partners it makes me question myself. any advice or feedback would be great!
Post: New to real estate investing in Columbus Ohio

- Reynoldsburg, OH
- Posts 20
- Votes 3
Good Evening!
I am just getting into real estate investing. I have joined BiggerPockets as my go to for the wealth of wisdom. I am looking to narrow my real estate investing to the buy and hold approach. I am gearing the investment around single family and also mullti. I am located in the Columbus Ohio area. Thanks and looking forward to the opportunity to be apart of this community.