All Forum Posts by: Ronaldo Carvalho

Thank you so much. The tips are very helpful.

I am interested in buying a 5 units multifamily property. What should I look for before I make an offer besides doing an inspection? How to verify that the tenants that are living there now have always paid on time? Should I only buy if the seller has a lease contract with all the tenants? If I am buying the property, do I have the right to run a credit report on the tenants, or ask for one, as part of the deal to make sure these are good tenants?

I would like to know if anyone here has invested or interested in investing in the area closer to Houston University. I understand the area seems more like low income area, and I believe would be considered Class D? Even though there are lots of (federal) housing units in the area, do you think because it is close to the university this area will turn in to high up scale area like most areas that develop around an university?

Thanks.