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All Forum Posts by: Jennifer Riccardi

Jennifer Riccardi has started 1 posts and replied 23 times.

Post: Owner Occupied FHA Multi family

Jennifer RiccardiPosted
  • Raleigh, NC
  • Posts 28
  • Votes 3

I am in a similar situation to Chris with my first rental purchase. I have just had my offer accepted on a tri-plex with three tenants. One is month to month. The other two have leases. I would like to rehab and live in the unit that has a lease through December. I close by May 1st (in two months). Can I ask the sellers to ask him to leave? That seems like a mean thing to do to the sellers. Do I need to pay the tenant? Is it true that you CAN break a tenant lease for owner occupation by law? Provided he can find a new place with two months notice, he has only a bed and some personal items so that part should not be hard. I appreciate any thoughts or advice! Thank you!

Post: To all the female investors!!!

Jennifer RiccardiPosted
  • Raleigh, NC
  • Posts 28
  • Votes 3

@Deepa T.You don't have to do the friend thing on Facebook! You can sign up and just join this one group if you want an option. Good luck!

Post: To all the female investors!!!

Jennifer RiccardiPosted
  • Raleigh, NC
  • Posts 28
  • Votes 3

Jenny, I don't feel any discrimination, to John's point, but then I have a female realtor and a female mortgage broker who are strong, awesome women and we love working together! On the other hand, if you have been doing flips, I am positive you have run into sexism with contractors and laborers.  There is no doubt that they try to take advantage if they think we are less experienced or won't argue. I think you have a great idea and can't wait for the FB link, even if it's just to have friends and a sounding board!

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