All Forum Posts by: Silas Avilez

Hi David, 

Not too familiar with Colorado or their laws but universally lease agreements in black and white will always hold.  With that being said, if you have a clause about peace and quiet as a condition of renting one of those rooms--those roommates HAVE to abide by them.  So, if you have a roommate being sour and the other roomies agree that they are breaking a condition on the lease, you are full within your rights to escalate.  It may take some time, but you absolutely can.   Couple options you do have though: 

1) Have everyone in the house agree to write statements of said violation

2) Let that roommate who is in violation know that you are/willing to escalate if they do not correct their disruptive behavior since it's in the agreement. 

3) If they still do not care, let them know you'll seek all avenues to evict them, and you WILL be requesting reimbursement on whatever the costs of doing so are. (Conditional on your lease) 

Personally, I have done one eviction and the second it was brought up that I will be requesting reimbursement for costs of all paperwork/ legal fees it was the easiest thing ever and they left instantly within a few days. I had to do a full abandonment cleanout afterwards which wasn't the most fun thing to do but I'll take that any day over a drawn-out battle.  

Sorry you're going through this man! Seriously Goodluck. 

Hi all! 

Just some motivation for my fellow veterans (and everyone!) TAKE THAT LEAP and get that first deal knocked out! (Of course, do your diligence by researching and making sure you will scoop up a good deal) My personal journey started when I got out of the Army in 2019 solely to get into real estate for a good chunk of my time.  It was the best decision ever.  4-5 years later I am sitting at 4 properties with a total of 6 doors (first property was a Triplex!) and of those 4 properties only 2 mortgages left! All properties (minus the one currently live in in order to flip then rent when complete) are fully rented. I was able to accelerate paying down the others because I always put down a good amount for the down payment to supplement paying off debt fast.  The steam train is rolling, and I am more than happy to connect with anyone and talk more about the journey! 

Some below advice:

1) VA Loan is a great first-time choice (if applicable) just PLEASE do not put 0% down. If you have the liquid funds and can drop 10-35% down do it! The difference in monthly payments (on top of all your other bills) will save you so many headaches and propel you to start strategizing on the next deal. The difference between a 2000/mo payment from a 1400/mo payment opens so many other doors for you to invest BACK into the property to add value AND some extra to start working towards the next one.

2) Do not be emotionally attached to your money.  One of the biggest mistakes starting investors make would be to hold onto a decent amount of money because the anxiety around emergency money or hesitation. Scared money doesn't make money folks.  If you are motivated and ready to dive in, just go on and do it!!  (Situational dependent!) 

3) Take your TIME doing your research and planning how you will turn a property around to be a great investment.  

4) Network, network, network. I cannot express the importance of this enough. Networking truly changes the game for investors. If you have local meetups or local REIA groups, attend those! They bring so much value to the table and you never know who you will meet that can change your life!

5) Utilize every and all resources you can!  BP is a phenomenal place to kick start RE careers. There are so many tools and knowledgeable people that just want nothing but to see you win.  

Writing this quick blurb mainly because I have had time to sit, reflect, and appreciate how far I have come in a short amount of time.  I want nothing more than to see others win with me because that's what 2019 me wanted the most was for people to push me forward and inspire me to make that Leap, which happened.

I can absolutely echo what Matthew said above.  You definitely went to extreme lengths to fix this situation.  The tenet purposely putting your AC on 62 in FL is an absolute no go.  Especially if you asked them not to turn it below a certain threshold for Maintenace reasons.  Depending on your lease, if they refuse to comply with your standards you've set for renting your home, you can escalate it yourself if need be.  But ultimately, time for that tenant to move on when the lease is up and when it's vacant if you want to run any tests you can just to ease any anxiety you might have. 

ok awesome.  Once I get back to the area I am hoping my apps will start populating the different meetups.  Thank you! @Mario B.

Thank you Mario, my pleasure. I would be there sooner but I am actually deployed at the moment. If there are any local REI meetups you attend or know about I would love to attend them. I will be on leave when I get back so I will be in town for a few weeks if you would like to meet up sometime and discuss the local market or anything at all with real estate I would definitely do so. @Mario B.

Hello everyone,

I will soon be making my way back to Connecticut after my time of service in the military and will begin real estate investing outside of North Carolina.  I am writing this post to connect with any investors in Connecticut looking to talk about the local market, share knowledge, or even have a partnership for anyone looking to tackle this market together.  Feel free to PM me or even shoot me an email (easiest way to contact).  Thanks!

-Silas

@Larry Turowski Thank you for the advice! but, the reason for me creating an LLC is for future flips and rental properties I plan to own in the near future as well. I want all of my business centered around my entity. In the future when things start kicking off well, and bigger projects arise I will have good credibility in my portfolio to start them.

Hello everyone, as I slowly close in on completing all my checklists and business plans for moving into wholesaling I was wondering if anyone has any tips or advice for putting all transactions under my LLC? I want to make sure that it all goes through my LLC instead of me as a sole proprietor. I still have a few months left of deployment so I can fix, adjust, or correct anything needed. Even any experienced advice in this thread would be greatly appreciated. Thank you!