All Forum Posts by: Doron Rice

I don’t think that for my investment goals – buy and hold, hard money is the way to go. I agree with @Nnabuenyi Anigbogu. Saying that, just like @Ken Vesely said, for my own residence financing the lender did ask for bank statements and asked me to verify and large transaction. I might have to wait for a couple of months I guess…

Hi,

After contacting a few lenders I’ve realized that the down payment money can’t be a gift. Does anyone have an idea how rigid is this rule and if there is a way to work around it. I did receive funds from my parents to purchase investment properties and would like to use a mix of my saving and their help.

Thanks.

Hi,

I sold a mobile home and financed it to the buyer. I have a good contract and a lean on it. The buyer after the first month stopped paying the monthly fee and won’t respond to my calls. I have no choice but to take legal action. What are the steps I need to take? I really don’t want to hire an attorney as the sale price doesn’t have enough meat… any advice would be helpful. Thanks!

Thanks Kevin. very helpful advise!

Hi,

I’m looking for a good property management in Jacksonville FL. I have a small two family property over there and I am located out of this state. Any recommendations? Many thanks!

hey @Che Chiu Wong, in which areas do you get this return in JC? Are you dealing with bad tenants and high vacancy rate?

Apologies for my ignorance, how does the Dodd-Frank impacts MH financing?

Thanks!

Thanks Terri & Ray. What do you think of journal square? Is it a good area to invest in rentals?

Hi,

I’m looking to invest in Jersey City and purchase a buy and hold rental property. I am not that familiar with that City and would like to know if anyone have any suggestions regarding neighborhoods I should focus on.

Many thanks.