All Forum Posts by: Vanesa Gonzalez

So we bought our first duplex 2 months ago and the realtor/owner told us their tenants were great. They both have a lease and they were paying rent on time. When we did the inspection I realized these tenants were not taking care of the property but I didnt see any red light. 

Property came with new roof, new AC units and was overall in good condition. Now 2 months in and I have one tenant in jail ( it looks he didnt have US residency) and the other one calling ( screaming is the right expression) every 3/5 days complaining about washer ( we replaced it), no insulation (we fixed it), clogged toilette ( it was fixed inmediately) and saying the problem with the toilette was never fixed and it looks like the septic tank may be the problem. Of course we will fix this too, but I was wondering what is the best way to kick out these tenants? Both leases expire at the end of August. 

With the first tenant, the one in jail, I am dealing now with his wife and 4 kids and I need them out as soon as possible as I know she wont be able to pay the rent. 

With the complainers, the contract expires in 2 months and they already told me they wont leave because " they dont want to" but I really need all these out so I can have a fresh start with MY tenants. 

I always screen my tenants myself and I am aware the problem this time was I believed the realtor/owner. But this was our first time buying a duplex and the first time dealing with inherited tenants and I had no idea how complicated all this can be.

Any advice on how to move forward?

Thank you!

Thank you @Bob Okenwa! Good to know about how much I can finance. Cheers

Thank you @Brian Garrett! I read about BRRR BUT I was not sure about terms and options. Really appreciate!

Hi,

I am in the process of buying a SFH cash using my money and the plan is to rehab it, rent it and then ask for financing. First time doing it this way ( I usually buy using conventional loans but this is through a wholesaler and have to pay cash). Do I have to wait certain time before doing it? I am in Florida. Thank you!

Last year we bought a couple of rentals in the Duval county area and so far we are happy. Our goal is to add 2/3 more properties in the same area but its been difficult to find good properties. Still looking and still feeling its a good area for cash flow ( not so much appreciation).

Good luck!

@Michael Jones We bought our first property in Jacksonville last year and insurance is much lower than here in Miami.  I agree taxes are high but around the same we pay here. We are happy with our first buy and hold and we are currently looking for more properties in the area. Just stay away from 32210 and 32209 codes. At least that is what we are doing. Wish you all the best!

Hello Nathan and welcome to BP!

I would start by listening to all the podcasts and watch all the videos here, they are free and they are a great way to start understanding the business with all the different options! Also try to attend some of the webinars, they are once a week and Brandon is great!

Wish you all the best!

This is a common situation in Miami and 25% of my tenants are not legal residents.  I found them easy to deal with since they dont want to encounter any legal issues. 

Excellent job @Daniel Toshner! 

Congrats and thank you for the  inspiration. Working on my dream here in Miami!

Count me in!