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All Forum Posts by: Charles Morgan

Charles Morgan has started 5 posts and replied 362 times.

General Landlording & Rental Properties

Post: Preparing to enter the Game- Need insight

Charles MorganPosted
  • Investor
  • El Paso/Socorro, TX
  • Posts 365
  • Votes 75

I do not live in WI, but can tell you that here, work such as electrical and plumbing must be done by licensed professionals with city permits to get also. For me that would rule out the one that says "missing heating and plumbing", I wouldn't be surprised if missing or substandard electrical got "overlooked" in that description.

0 Votes
Tax, SDIRAs & Cost Segregation

Post: 2 names on deed , 1 on mortgage possible?

Charles MorganPosted
  • Investor
  • El Paso/Socorro, TX
  • Posts 365
  • Votes 75

I do not recommend putting the boyfriend on the title at all. My ex-wife and I bought a home in 1987, then in 1998-Divorce. I was given control of the property with one stipulation, she got half of proceeds on sale and could force a sale with 120 day notice. I was able to refinace with my name only on the mortgage but this was a near disaster as she recently decided to force a sale. I have talked her out of it but it was close!

0 Votes