All Forum Posts by: Joann Julius

Thanks for replying to my question. I guess I was thinking that based on present credit rating, We wouldn't be able to qualify. Sorry been a little stressed and not thinking the taxes are also in rears. That must be for personal lines of credit. The property would be the collateral in this case. Thank you again, feeling a little silly. I will look in to that.

Hello,

I am trying to keep my mother's rental property in the family. She is unable to maintain it. I would like to take it over but would not be able to obtain conventional funding. I am vaguely familiar with independent lending but want someone reputable. Would someone give offer some insight. Thanks

Jo

Hi Terrell,

Could you post a picture?

Good Morning,

Just beginning to learn about investing. Took over management of a rental for my 85 yr. old mom. Expenses to fix up and fill vacancy on me. Not to mention upkeep (repairs, taxes, water, insurance) of her personal property (reverse mortgage) and mine. Rental was big part of her income. All three houses need work. My husband just had to file bankruptcy. Need some ideas on how to make these properties work financially for us. Feeling a little stressed need help thinking of strategies. What ways can I streamline management, upkeep that benefits us both. I thought of a home owners loan, my name is on the rental with hers. Time is of the essence in getting the vacancy filled.

Thanks in advance for you advice.

Jo