All Forum Posts by: Sebastian Roy

Hey @Callaway Pate. I agree with you, this is my first tenant and he is a mutual friend, unfortunately in this business, you need to make some tough choices, but it is best for me in the longrun.

@Nathan Gesner @Ray Hage Thanks for the feedback. Unfortunately sometimes we get into these tough situations and have to make choices. I'm in a similar situation with your tenant on week to week. This tenant has been a mutual friend for over 10 years and also doesn't really have another place to go. He does however gross 3x the monthly rent, so he is certainly able to pay, he just decides to spend his money on other things. His father is a cosigner and paid the first month and security deposit for him, so this is literally his first payment and he missed it...

Hello everyone,

I have . A tenant who has not paid rent this month and I'm worried they will not pay next month either. I'm wondering if it is legal/ advisable. To set up rent on a week to week basis, like a payment plan for the tenant, as opposed to giving the notice to quit. Just thought this might be a better option. My concern is if they pay one week and not the next, would that be considered as accepting partial payment, therefore I cannot legally evict tenant? If so, what would be the best way to structure the lease agreement? Thanks so much for any advice!

@Lawrence Potts Absolutely! It will definitely be a challenge, but challenges are just opportunities to grow and learn, so I'm all for it!!

@Lawrence Potts I was able to close on my first house hack last December, and then I quit my w2 job in february. I just got my real estate license last week and am bartending part-time while I grow my real estate business. My point is, for the next property, which I plan to house hack the end of this year, I will either need a partner or seller financing for the next purchase. A more attractive strategy for the partner would be for me to bring 50-100% of the down payment and manage the property. They would take the loan and after I move out, we split cashflow and equity 50-50. Something like that is what I'm thinking, but there are many ways to structure it. Thank you for the feedback!

Hi Everyone,

The April Western MA REI Meetup will be held on April 10th, 2023 at 7:00 pm on Google Meet. Topics will include: current state of the market, deal analysis, negotiating offers, and much more. Hop on and network with local investors.

I hope to see you all there!

Hello everyone,

January's meetup will be all about goal setting to start 2023 off strong! We will dive into the motivation behind setting goals (why we want them in the first place), the specific steps used to set amazing goals utilizing the S.M.A.R.T. method, and the importance of tracking our goals to keep ourselves focused and driven to achieve them. 

Topic: Western Mass REI meetup

Time: Jan 2, 2023 07:00 PM Eastern Time (US and Canada)

Join Zoom Meeting

https://us05web.zoom.us/j/8671...

Meeting ID: 867 1554 0463

Passcode: KWK6hg

Topic: My Meeting

Time: Dec 5, 2022 08:00 PM Eastern Time (US and Canada)

Join Zoom Meeting

https://us05web.zoom.us/j/8118...

Meeting ID: 811 8243 8807

Passcode: xhziG7

HI everyone,

The December meetup will be held on Zoom on Monday, December 5th. This will be a roundtable type meetup where everyone can discuss their current goals, success, struggles, and more.

I hope to see you there!!

Topic: Western Mass REI meetup
Time: Dec 5, 2022 07:00 PM Eastern Time (US and Canada)

Join Zoom Meeting
https://us05web.zoom.us/j/8901...

Meeting ID: 890 1888 6605
Passcode: 0geB5j

Hey everyone,

The November meetup will be held at Starbucks on Monday, November 7th for coffee and to discuss Real Estate. This will be a roundtable type meetup where everyone discusses their current goals, success, struggles, and more.

I hope to see you there!!