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All Forum Posts by: Account Closed

Account Closed has started 7 posts and replied 16 times.

Post: GA Tenant Mail and Mailbox Question.

Account ClosedPosted
  • Hickory, NC
  • Posts 17
  • Votes 5
Originally posted by @John Teachout:

Most roommate situations I'm aware of, whoever checks the mail brings it in and puts it in the designated place (kitchen table or whatever). Just do whatever works for you. I don't think you have any liability or obligation no matter which way you choose. Assuming this is a shared residence and not separately rented rooms in a unit.

 Thank you.

Post: GA Tenant Mail and Mailbox Question.

Account ClosedPosted
  • Hickory, NC
  • Posts 17
  • Votes 5
Originally posted by @Nathan Gesner:

It could go either way. It would be kind of you to take their mail up to the house. At the same time, that makes you liable for anything that goes missing.

 I do not want to be responsible for anything missing. So this is way I just get my own mail. I figured there's no law that requires me to be responsible for my roommates mail.

Post: GA Tenant Mail and Mailbox Question.

Account ClosedPosted
  • Hickory, NC
  • Posts 17
  • Votes 5

Hello All,

I have a rather specific question. I'm residing with roommates and when I usually leave the driveway, I stop by the mailbox and just get mail that belongs to me. I leave other tenants' mail in the mailbox. 

One of my roommates complained about this. He wants other tenants to bring his mail in when they check for their mails. So the landlord is attempting to enforce this.

My question is, am I legally required to take all tenants' mails into the house or is it okay for me to just pick through and only get mails that belong to me?

This is not a big deal, but I thought it'd be interesting to know. 

Thanks for your help.

Post: Market Analysis Question

Account ClosedPosted
  • Hickory, NC
  • Posts 17
  • Votes 5

As landlords, how do you go about analyzing a market for buy and hold properties? What factors do you consider when determining the demand for people renting a room in a given market? How do you determine that you will have occupancy for a buy and hold in a given market? Any advice is appreciated. Thanks!

Post: Unconventional finance options for first Buy and Hold

Account ClosedPosted
  • Hickory, NC
  • Posts 17
  • Votes 5
Originally posted by @Aaron K.:

An HML is generally not ideal for a buy and hold property, I would take a second look at house hacking with the FHA if I were you. Other options include saving up 20% for the down payment or some type of owner financing. Just a note owner financing is often much more difficult to find than people make it seem, it will probably be most common in off market properties, which can also be difficult to find.

 Thanks for that information. 

Post: Unconventional finance options for first Buy and Hold

Account ClosedPosted
  • Hickory, NC
  • Posts 17
  • Votes 5

Hello all,

I've done some research and have been considering finance options for my first buy and hold property. Properties in the Alpharetta area seem a bit overpriced, so I'd like to focus on a remote market. This eliminates an FHA loan as a option since my daily commute to and from work would be an hour+ with traffic. I've read that HML require you to have some experience and a portfolio--doesn't seem likely that a HML would lend to a beginner. I've asked some friends/family, but no luck there.

Is there anyone who has been in my position before? If so, what creative ways did you implement in financing your property? Is my only option to save until I have enough for a 20% down payment? My apologies if this is a repeat question. Any advice is greatly appreciated. Thanks for your time.