All Forum Posts by: Jeff Sprunger

Okinawa Japan It's affordable. Farmer's Markets everywhere. It's just as beautiful as Hawaii. Everyone speaks English. Scuba Diving here is amazing. All other manner of Ocean Life (snorkeling, spearfishing, boating, etc).

pull what you need from a closet, and replace the closet with something else.

depends, do you want someone living in your home, sharing your kitchen? sharing your living room? sharing your tv, fridge, bathrooms, laundry, etc...SFH

OR, do you want your own space and they can have theirs.  Multifamily.

these may come in handy...

http://public.leginfo.state.ny.us/lawssrch.cgi?NVLWO:

http://blogs.loc.gov/law/2014/10/landlord-tenant-law-a-beginners-guide/

this is really a landlord specific topic, so you may get a million different opinions.  but, to comment on your specific post; I would like references for the pet.  If I could call a few of your previous landlords that are familiar with the pet(s) that will be in my home, that might help with my decision. 

you'll have time.  you'll need to go in an spruce the place up, or rehab it! you need to put something in writing spelling out the details of her moving out early, forfeiting the deposit and you being ok with letting her out of the remainder of her lease. 

small town investing are tough for that specific reason.  you answered your own question.  go to every bank in your area, if you have to.  the small, local banks my be willing to work with you.  just lay out what you are trying to accomplish and let them decide.  build a good relationship with them and try to get them to understand that there just aren't many comps to judge from. 

if it is cash flowing so well, you may have to just save up the next down payment and do it the old fashion way...20-25% down. 

or, maybe, you could take out a HELOC on the duplex and use that for your downpayment.

or perhaps a personal loan could be used for the next down payment, paid for with the extra cash flow.

How much rent did you pay living in her house growing up? just sayin', so, I like what Deanna did by providing everything to the family member, at no cost, and taking the tax write off.  and giving her a job, paying her and giving her a sense of satisfaction as a wage earning member of society...priceless!

God bless you!

you are on the right track!!!

what is the company willing to do? I would try to negotiate.  I almost never pay full price...for anything.  even Walmart will negotiate on some items.  were the instructions of what to mow clearly spelled out? did anyone walk the properties with them so they understood what needed to be done? if so, I would shy more towards the $35 mark. 

obviously, never use them again.

I'm confused. you are purchasing with a VA loan, correct? I know the VA has some strict guidelines about the condition of the property they loan on. so, it can't be in too bad of a condition.

you will live in it for a year and do the rehab during that year, correct? if so, why would you need a 203 (k) or any other rehab loan at that point? won't it be up to standard by then? I can't see the point of replacing the VA loan, unless you intend to use the VA loan again. You only need to live in the VA property for a year, before you can move and rent it out, keeping the VA loan.

And, can you actually beat the VA loans numbers a year from now? no down payment, no PMI, competitive %? maybe not, interest is rising now...