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Updated over 9 years ago,
Southern MD, Northern VA help
Hello everyone and let me thank everyone in advance for your input and help.
I am very new to real estate but thought I may have a opportunity to do something with my fathers basement and my mothers house. They are both in very good areas in the southern MD area. So let me explain both and get input about what I should do and how I should go about it.
My father wants to rent out his basement. It is in Temple Hills, MD which is literally 5min from northern VA and DC. It is also only 5 minutes from the National Harbor. It has 1 bedroom but it could be made into 2 maybe. i say maybe because the other room has no door or windows which I'm thinking could be a safety hazard with no windows if it is made into a bedroom. We were thinking to rent it out but we are not sure how to go about finding a good tenant and do not have much experience other than renting to family members a few times. Any help is greatly appreciated. If anyone has or knows good tenants in this area lets connect and make something happen!!
My mothers house is going into foreclosure and is way behind on payments. An attorney told her she wouldn't have to be out until after summer 2016 I'm guessing because the courts are backed up with foreclosures. Afterwards she will have to file bankruptcy most likely. I was wondering if their was anything to do to help her get out of the situation. i'm not sure which option would work best but I'm all ears for opinions and questions to get a better understanding. If anyone thinks they can do something with the house and want to connect and work together I'm all ears as well. it is a very nice house in Accokeek, MD. It has a large basement with 2 rooms and 4 bedrooms upstairs. The master bedroom has a sitting room and double doors to enter. It would truly be a waste of all the years she spent in the house to lose it like this.
She can't make payments not because the house belonged to her and my stepfather but they aren't together anymore and she kind of got stuck with it. Any help or anyone willing to connect is greatly appreciated!!!