All Forum Posts by: Maurice D.

its your property. inside the walls, they don't have a say, other than occupancy, rental restrictions, STR etc. ask for a copy of the rules.

check the rules. in my condo, they don't care what you do to the inside. they were the ones (the HOA management company)

who negotiated instalation of a wall in an effiency on a unit I rented once.

always run their names through local civil / crminal records

if you didn't do any work to earn the split, it seems to go against RESPA.

http://themortgageinsider.net/definitions/kickback.html

I think that would be considered a kick-back?

what are the current rents and expenses?

hi Jose, what expertise do you bring to the table, and where are you located?  What are your goals in a flip partnership (besides profit :)

Think "minimizing" your payments by getting rid of the larger ones and minimizing your housing costs.  This gives you a solid and safe foundation to ride out any potential downturn while you focus on the college debt and any career retooling/new job transition.

earlier this year I did something similar and setup for a much better 2019 :)

I'd do a hybrid.,

1) payoff the car and the small loan.  this frees up 400+ of your 800 payment spend, without sacrificing much of the 100K

2) buy a duplex to live in, put 25% down and live for free. if you own an SFR, turn it into a rental as well or sell if it doesn't cashflow.

3) keep the rest of the capital for future purchases, but keep the job for now and now focus on paying down the debt with extra money from your job.

4) if you do decide to change jobs, roll your 401k into a self directed IRA and it can own a property too.

Thanks for the guide @Carolyn Fuller!