All Forum Posts by: Account Closed

Hello Lisa,

I would say the start talking with real estate agents, you can find them in your area realtor.com.  I would expect your first property you want headache free, good area, easy to rent etc.  

Tell us your mortgage, tell me the net income on the property

What is the price?

This is the best time to be a buy and hold landlord, more people are renting then ever before.  Economy doesn't matter, what matters is where did you invest?, hopefully in areas that have long term outlooks with blue collar sustaining jobs(Tampa for example, and Austin etc. Oil, tourism,) 

Don't take this as last word, ask for further advice from good accountant. 

She will have no benefits when it comes to credit score or able to tax deduct the interest from the mortgage you pay.  But since you are both married it might not be true. I'm telling you from experience when me and my investing partner went and bought home under our names, borrower and coborrower 

Don't let the seller push you around with the price, there's plenty of sellers who want your money don't forget that.  Don't fall in love with any property, and DO NOT SHOW INTEREST TO THE SELLER, should be casual like business as usual

A small concession to me would be shorter time to close or higher money in escrow 

 they will want 25% down 

I'll gladly tell you for free how to get started 

Can you tell me how the property was purchased and how long have you had the property