All Forum Posts by: Aaron Arthur

@Account Closed This is my first investment property and my fiancé and I put our entire savings into this startup.  If I drown financially, who's going to save who?  

@Cody L. HAhahaha!  You're absolutely right brother.  Im online looking for a PM now.  They can still be the "bad guy" in this one as I've exhausted being nice and firm with mom.  

@Dennis M. It's at a point where she refuses to pay rent because of reasons that are hardy justifiable and I have no clue how to remove her from the residence from so far away.  She's become a squatter.  Sad to say about mom but my family is kinda savage like that.  Lesson learned on the business/family mix.

@Heather Rodden The repairs are very minor.  Less than a thousand dollars worth of work.  

@Heather Rodden What would you suggest?  Sell or jump through the hoops to get it rented properly?

 The deal was actually pretty good.  Purchased the home for 25k under market value.  Without me living in the house, had everyone stuck to their leases it would be running perfectly almost autonomously.  Is there any way to win if we navigated through the obstacles?  Or is selling the quick win? @Eric Adobo

My fiancé and I bought a 3bd 3ba sfh in Waukegan, IL.  We agreed that I would house hack while she finished her job in San Diego.  I am active duty military and was stationed in IL for a time.  I allowed my newly divorced brother to rent a room, then we found a roommate to rent the basement suite.  Perfect set up so far.

A month later my mom comes to visit because of a death in the family.  This visit turns into an extended stay and mom agrees to rent my den.  Here's where looking out for family with my business gets messy....

I am suddenly called to duty back in San Diego. After 2 months, my brother stops paying rent and moves out without telling me.  The month after that my tenant in the basement moves out without notice.  Then my mom suddenly can't come up with rent but she's the only person in this house.  She's on disability and has no where to go back home to.

There are repairs that need to be made and my mom has to go.  While at the same time I need to find renters asap.  My fiancé and I have no clue where to start or how to tackle this.  We've been paying our mortgage in IL and our living expenses here in California.  MONEY. TOILET. FLUSH.  Any suggestions or reccommendations will help the brainstorm.