All Forum Posts by: Brendan S.

 Good to know and thank you for reaching out, Jeff. I just might message you once I've got a little bit more cash in hand. My measly 20k doesn't seem to be cutting it right now, haha!

Thanks for the reply. Yeah, moving to a larger place and renting a room while renting our current condo is also a plan. We were lucky to lock in very low mortgage rates so getting that covered shouldn't be an issue. 

 I actually work in a municipal rental program, so I know I feel like I've got more knowledge about potential rental laws than the average bear. I'm actually surprised that rental management companies in my area know so little about program requirements and the mechanism in the laws that allow landlords to seek a fair rate of return. That being said, you aren't wrong, most municipalities here have restrictions that make earing significant returns on existing tenancies difficult. 

Hello fellow Bay Area people,

I'm fortunate enough to be a condo owner here in the Bay Area and I've listened to a lot of podcasts and read the forums that say it's ideal to own close to where you live. That makes tons of sense to me but living in the Bay makes following that advice pretty difficult without tons of cash. Where have you all been looking to start your real estate journey? Or, where did start your journey if you've already taken the leap? Personally, I've looking in the Lake Isabella region, Bakersfield, Fresno and some of the Inland Empire region. 

 Thanks for the insight, Eliott. I'm still in my knowledge sponge phase so I'm soaking it all in.

 Thanks, Teagan. I've read on the forums that the early model mobile homes are to be avoided so it's good hear that confirmed. Thank you.

Hello Bigger Poceketers,

I've started to look at some mobile homes that are on land as opposed to a rented pad. The numbers seem to work out on these homes, and they are much more assessable to me as a newbie, but I'm wondering if repairs and insurance are significantly higher. Does the shorter lifespan of a mobile home cancel out the cheaper acquisition cost? Do they even have a shorter lifespan or am I pulling that out of thin air? If anyone has experience they can share I would very much appreciate it. Thank you.

 This is solid advice and thank you (and others) for having your brains working while my heart is trying to make me do otherwise. Again, appreciate the help. 

 Thank you for the insight. Yes, the only asset is the house and there is only a will, an estate and not a trust. You're right that it's complex and the personalities and emotion involved is probably a good sign that I should just let me grandparents' house go :-(. I appreciate the help, though. At the very least I'll address the court once it goes there.

Thanks for the reply. Yes, one of the heirs (who wants to sell) is the executor. I think you're right; I may need to seek legal advice to see if I can purchase this with only their approval. Thanks for the help.

Hello everyone. Thank you for taking the time to read this and for any insight you can provide. My abuelita passed and I am an heir as I have inherited my late father's share. There are a total of seven aunts and uncles (including my late father) but they, to put it mildly, don't get along.  The shares of the estate are equal. One heir seems determined to purchase the house but doesn't have the money; they called to ask me to gift them my share or sell at a significant discount. My offer to purchase the house at its assessed value wasn't accepted by this same heir. As no one can agree does it now goes to a court who will force the sale?

Will I have an opportunity to petition the court to purchase before it goes to market or is that now how probate in Texas works? I just hate the thought of my family members, even the one who is acting bizarre, getting deprived of financial resources they may need. I also hate the thought of this family asset my immigrant family worked hard to acquire being sold way under market to any Tom, Dick, or Harry. My grandparents are rolling over in their graves over this, I'm sure.