All Forum Posts by: Ryan King

I've searched about this but can't find it, thanks for any help: I'm about to close on a duplex, one side is currently rented, the other side I will occupy. The lease only has 1 name signed but I know there are at least 2 people living there from my walk-throughs. Also, the name and phone number my agent gave me to get in contact with them about rent/etc is not the name on the lease.

Should I care who pays rent? Does it need to be the person on the lease or as long as its paid I'm fine and then if it's not paid I "go after" the person on the lease?

Going forward, what do most of you do as far as roommates living together and leases? Multiple separate leases, one lease that all of them sign or how it is with one name on it and they can have roommates?

Thanks for help! I'm so thankful for this website.

I'm a noob. Right now I'm taking my time to read-up, learn, ask questions, and save up to buy my first investment. One question I have that I haven't seen an answer for is I'm curious what others think about the state of the market for investing or even what you think about the next 2-3 years. It seems like if we are coming out of a buyers market are we about to see prices drop again like in 2008? I'm nervous about investing within the next year or 2 and then seeing another drop since real estate is very cyclical. I know the market is impossible to predict and I also know that prices aren't even close to a 05-06 market was so maybe I'm thinking incorrectly.

Thanks for any repsonses!