All Forum Posts by: Brandon DeVega

I definitely wouldn’t take this property. I would much rather find something empty. That does not need repairs, but still invest the 5-10k in improving the property, and it would take the value you. It doesn’t really seem to be much benefit in taking the current property. And the fact that it has a 15 year tenant might actually be the downside rather than an actual benefit. @Scott Gordon

You can’t, it will always turn into a legal battle in court. You can serve them with papers saying that you intend to take legal action for whatever the situation us and give them the indent yo vacate forms. But if they sign them and don’t leave. You will still have to take it to court, but the court will be more in your favor for the fact the the tenant did sign the intent to vacate form, but did not vacate. @Nathan G.

This is really a different type of question to me. Reason being , Im 36 now. But back when I was 19 during that time real estate was even cheaper. I would have been selling land in Texas. My goal would have been to sell as many acres possible. Especially to family and friends. I myself would have even bought alot of acres, and built properties and mobile home parks, and more, I also would have done alot of buying and reselling. But My goal would have been to buy sell, and acquire as many acres as possible for long term investments. @Logan Taylor

Newburgh us a very bad town. There is only maybe 1 or 2 good areas in Newburgh. You are better off looking into Middletown ny, Monticello, Florida, Monroe, Poughkeepsie, or Peekskill, or Ossining @Andres Restrepo

It really just depends. Of course like you, its not impossible, just hard to find. But I am willing to find it for anyone looking. Sometimes you have to go A little higher tho. For example instead if a 5 or 6 bedroom house. Get a small building for a 1mil or so. I saw a great 4 unit building for 1.1mil. It has about 14 or 15 Bedrooms. @Fab Ragh

Newburgh is an extremely bad town. But not every part of Newburgh is bad. There is a nice area or 2 there. What exactly would you like to know. To be honest. Middletown New York is a way better option than Newburgh, way way better. @Andres Restrepo

I explained everything in a private message. Feel free to contact me anytime if you ever need any further help. @Tricia O'Brien

I don’t mean to laugh. But clearly anything that involves fire, is not a good idea. I’m just saying. But I hear you. @Aaron Bristol

Trust me I know. Thats why. You do it outside. I have done this many times. And clearly I am still alive. @Aaron Bristol

I do get your concerns. And you have all right to he worried when it comes to someone paying. Lets say you have a section 8 tenant and they don’t pay their portion of the rent. For however many months do to whatever reasons.

The smart thing would be to do, is have a talk with the tenant of course, figure out whats going on, and why. And whether the reason is legitimate or not. What you do is, allow their portion of the rent to go unpaid for the rest of the year. Which would be the beginning of December. Your going to then give your tenant proof, and documents of how much they owe in arrears for the year, and what months they owe it for.

Then have them go down to Public Assistance, which is H.R.A with that same proof that they owe you rent. And have them apply for what is called a One-Shot Deal. Public Assistance will pay you whatever the tenant owes you in arrears. The tenant can do this once every year. Thats why its best to have them wait to the end of each year to do it.

The thing about this, is that most tenants with section 8. Even the ones without any rental assistance, do not know this information. So even your regular tenants, can apply for the One-Shot Deal for the rent arrears. But as I said, many people don’t know this, especially Landlords.

When you Accept any type of section 8 or rental assistance. You will always get your money in the end regardless, even rent owed. They just have to go to public assistance in order to apply for the rental arrear assistance, which is called a One-Shot Deal.

And Any tenant Section 8 or not. Can apply for it.

Now to answer your one question. Most people do not lose their section 8. It definitely does happen. But that is a very rare occurrence. Most people are not trying to lose their section 8. And as I said. You can always full screen and do more than one interview of potential section 8 tenants. Just don’t be scared, trust me. You may find that, Section 8 and rental assistance programs, especially section 8, is your Ace in the hole go to. You just have to fully screen your tenants and chose the one you like best for your rental unit. @Nicky Reader