All Forum Posts by: Al Mcbee

My grandmother has owned a plot of 70 acres for many years free and clear. She leases out some of it for pastures and other farming activities. Also, she let her brother (and his wife at the time) put a pre-manufactured home to live in on a portion of the land as well. 

My grandmother gifted me the 70 acres about a year ago. Just recently her brother had passed, and I just found out that there is still a $30k note due on the home. My grandmother did not have her name on any of his stuff, nor did she ever charge him rent to live on the property.

My question is, who is responsible for the balance of the note? 

Thank you in advance, because I would like a little insight as which direction I need to go.

Congrats on even realizing the debt issue. Some people go through life spending everything away blindly, then look for a bailout from others. It's great to hear your doing something about it and want to continue to improve financially. With that said, it comes down to discipline. Your making forward progress. REI is like kids, if you wait until your completely out debt, you'll be to old to enjoy them and watch them grow to their full potential. So... I say go for it now while your aware of your finances and stay discipline my friend. You'll be fine.

Keep it up Michael. Keep the snow ball rolling.

This is how I found an owner of a property I bought recently, talk to the county appraiser, where are they sending the tax bill notifications. Also, if the city is taking care of lawn mowing, ask them where they are sending their bill. 

I would be interested in this type of contract as well.

ugh... I'm looking forward to the finished product.

Hello Everyone, I am an investor in Kansas trying to plan a trip to California for my Daughters wedding. I am looking for someone who can help me find a beach house rental so 4-5 of us to stay for about a week from July 13-20. The wedding is on the Beach and the reception is at Sur in Hollywood. 

I am planning on doing double duty for this trip, where as, I want to also check out some possible vacation rentals for long term holds. So, if someone knows someone that can help me out, give me call ASAP! I am booking flights today.

Thanks in advance.

 I did, I knew that she was 3 months past due on the mortgage, and that was verified by talking to the mortgage company. So I caught that up after we closed.

I gave her 3 options to choose from prior to closing; option 1) $0 at closing and 10k in 5 years, option 2) 1000 at close and 8k in three yrs, or option 3) 2000 at closing and 5k in 3yrs. She went with option 2. 

I structured these options in a way that I know that I can perform the second half of the option that I gave her. 

What are they looking for?

Where are they looking to invest?

I do have some follow up questions if they are interested.

Do you have cash buyers that are reliable?