All Forum Posts by: Nathan Williams

Hello all, I have a renter in Indianapolis who is behind on rent but her lease ends in 60 days.  She has indicated she doesnt want to move when I tried negotiating an early lease termination.  So when her 1 year lease ends in 60 days can I give a 30 day notice and force her out with the eviction moratorium?  

thanks 

Im curious, does anyone put any language in their lease regarding aggressive breed dogs?  Im thinking off adding something to my lease for dog owning tenants where they basically declare their dog isnt one of a few select aggressive breeds and doesnt have aggressive tendencies as a way to help absolve me of liability of their pets.  Any opinions on this? thanks

have you leveraged the equity in your existing properties? thats one way to seed up another deal

Our rental listing in Indianapolis is getting a good amount of interest.  So far we have 2 people apply within a day of the property being listed and both seem to be viable candidates so far but we kinda want to see if we can get an even stronger tenant in the few days.

So I was curious what is the best practice for allowing multiple people apply to rent out a single property.  Should you inform anyone about to apply that you already have prospects in line and you will be selecting the strongest one?  How long should you keep someone who already applied on the hook before giving them a decision?

thanks 

Im not a loan officer but I dont know of any work arounds if your your debt to income is too high Did you run some numbers to see what your DTI % will be after a second home?

One option can be move out into a rental yourself, get your property rented out, and then go for a 2nd home.

And then many times your current home is not the best rental home.  Sometimes its best to just sell instead of holding on.  Are you interested in house hacking?

wait so an umbrella policy wouldnt protect you against lawsuits from unlicensed handymen?  

In escrow on a 55K SFH in indianapolis. House is 100+ years old but inside and out it looks to be in great shape with owner occupants and we were not expecting major issues... But preliminary information relayed from the home inspection is "possible" foundation issues. No further details yet but Im anxious to figure out how others would approach this. Thanks

Hello, what is the purchase price?

Did you try to sell as is at a price that just barely pays off your obligations?  With you being out of state it will be tough to properly and efficiently finish this and obviously you dont want to keep throwing good money after bad.

Ive been in the same boat as a SoCal resident.  I'd love to invest locally but the price/returns are not what Im looking for.  Personally for me, even Vegas and Phoenix failed to meet the cash flow rates I was after.  So I took a leap and started buying properties out of state in Texas and the Midwest.