All Forum Posts by: Troy Biggham

Eric Anderson, Real Estate Agent,

Thanks alot for the information it was a big help.

My tenant who was injured somewhere and is now in a wheelchair is requesting a letter to break her lease. She is a voucher recipient and thus far a really good tenant ( 4 months). She has given me a move date but says she will give me a 30 day notice. I recently went into the unit and it is in great shape. My issue/rookie mistake is DC government was supposed to pay the security deposit but never did then when I questioned it they told me to get it from her. Needless to say I have no security deposit as of now the unit could be cleared and rented the next day but my worry is what if in her 30 days she trashed the place shadow I do. Do I try to accommodate her with a ramp fir the two stairs our will that open me up for more than I want to handle. Any insight would be appreciated

View report

*This link comes directly from our calculators, based on information input by the member who posted.

I went Section 8 with all well vetted tenants which is about 50 bucks under market with no utilities so I'm super happy.

All rented out thanks guys

@Quinten Krisik I followed the link on the above post and it worked for me

I keep getting asked if I accept rapid rehousing do any of you have experience with this program?

I bought the book yesterday on audible clicked the link above and it just goes to a blank page.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Washington.

Purchase price: $1,000,000
Cash invested: $250,000

Luxury 2nd-floor apartment in Northeast DC, 2 blocks from metro. Pictures are an accurate reflection of the property. Housing Vouchers Welcome. 3 bed 1 bath fully renovated apartment in a fully renovated building, located in the neighborhood of Deanwood. The apartment features luxury plank flooring, new kitchen cabinets, stainless steel appliances, granite countertops, and in-unit washer/dryer. All units have also been equipped with new HVAC heat and AC systems. HUD housing vouchers/Section 8 we

What made you interested in investing in this type of deal?

Biggerpockets episode 365

How did you find this deal and how did you negotiate it?

Online search setup by realtor

How did you finance this deal?

conventional

How did you add value to the deal?

Improve sidewalk

What was the outcome?

positive cash flow 8.95 CAP rate

Lessons learned? Challenges?

Research local housing rules better.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes Kelly Kelly at compass

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Washington.

Purchase price: $1,000,000
Cash invested: $250,000

What made you interested in investing in this type of deal?

Biggerpockets episode 365

How did you find this deal and how did you negotiate it?

Online search setup by realtor

How did you finance this deal?

conventional

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes Kelly Kelly at compass