All Forum Posts by: Angela Zanti

Hi everyone. I just wanted to check on when the next meetup will be. 

I recently had a few big changes in my life and I would like to find a financial advisor that knows the F.I.R.E movement in Maryland. Does anyone have any recommendations?

Hi! I’m in Baltimore also. 😁

I was 18&3 months old when I got my first property. I rented a room out for 25.00/month less then the mortgage! Unfortunately 3 years later EVERYTHING bad that could have happened did happen. I ended back at my parents house. Now 17yrs later I want to live in BRRRR. I've been studying REI for about 2yrs and I can tell you how to do it backwards but IM SO AFRAID! I have me, myself & I as far as financially and 1 mistake would be very very bad. I have 3 kids so when I make that jump I can't fail. I have a low paying job but I'm good with money. I really feel like I need that 1 friend with experience that can tell me what I already know (that I can do it). I only owe 35,000 on the mortgage and I want to update the house and move ASAP but I'm nervous.

I’m unfortunately just seeing this. I’m unavailable tonight but I hope everyone has a great night and I hope to see everyone next month. 

@Marquis Garrett hope you can come. 

Hi everyone. To start REI my "plan" has always been to start with the house I live in. The house is titled in me and my dads name but the mortgage is in my dads name only. I have been paying the mortgage for 17yrs now. I only owe 35,000 and it will be paid off. Originally I was going to cash out refinance to take my dad off and it be me only on the mortgage. This house needs a good amount of updating so after I cash out I would do a lot of repairs and live here another year then refinance again and start to BRRRR. I really want to keep this house as a rental. What I don't like about this idea is the mortgage would go up and I really don't want to wait any longer to get a rental.

The second possibility is me moving and renting this house “as is”. I was told that because I haven’t had a mortgage in my name in 17yrs I could get the first time home buyers program (10,000) again. I also found out the neighborhood that I would want to move in is a “focus area” and I could get a additional 10,000 for moving their. I would get a under valued house to live in remodel and repeat in a year. I know getting the credits I’m committed to the house for 5yrs but I wonder if I refinanced, kept it and bought another house after a year would that be okay? I also need to find out how do I make sure that the rental income for the house my dad has a loan on won’t count as my dads income and the income count against me? I talked to a real estate attorney and he won’t do a subject to mortgage agreement so is it ok to write it up and have it notarized myself?

Does my second possibility sound like a good idea or should I just stick to the first plan??? I would really prefer that second possibility because I love the neighborhood and schools are better. I also want to add that I have someone I trust wanting to rent the house I live in now with a 250/month cash flow. 

Hi Larry. I’m sorry my post maybe confusing the way I worded it. I have my plan of what I want to do. I’m just hoping to get some advice on pros or cons there are when dealing with a mentor that does all of the core 4s. 

Hi everyone. I found 3 possible mentors in my area. 😁 2 of the 3 are investors, property managers, real estate agents and own a construction business. The other person is a investor that has a few different teams depending on what state he is buying in. What are the pros/cons in this situation? 

 I was added to the title for 500.00 using a real estate attorney. Call a local title company and they can help. I could only be added because there’s still a mortgage but if it was paid off they should be able to just change the name. Depending on the situation it might be better to just add the name and keep the org. Owners name on it too. This way the relative living there could still apply for a “first time home buyer’s credit”.