All Forum Posts by: Kate Stallmann

Yeah in NH we don't go out of our way to help you defraud the system,  how crazy is that?! 

Sorry about the loss of that potential renter,  Ann.   ;) 

Hi Axel,  welcome to BP!  Sounds like you're getting a great start on investing early.   

Cheers, 

Kate

Hey Jeff,
Where is your property? I live in North Conway, NH.

Welcome to BP!

Kate

Derek, where is the house located? I'm familiar with North Conway and Lebanon/Upper Valley area. You can pm me if you want.

Hey Raymond! I don't want to hijack this thread, but is there an app for android?

Thanks to everyone for weighing in, thankfully I'm not really involved in this situation, but since I hope to own some rental properties someday, it's good to see how to handle it.

I definitely agree with Jerry W. about Dave Ramsey, actually our boss offered him a free financial peace University class, but you have to be ready to make a change before any of that excellent advice works.

As someone who was a renter for 8 years (I can honestly say I was a good tenant, a roof over your head comes first) it's very interesting to see the other side of the coin.

@danefenner,

(Maybe the lookup feature doesn't work on mobile devices ?)

1.) Try Greenpath for help getting out of debt. They will negotiate lower interest rates with your credit card companies and only charge at most $50/month.

2.) Sign up for Dave Ramsey's financial peace University. I've done both those things and have paid off over $20K in consumer debt, with about 13K to go plus my current mortgage. I know there are people on here who aren't fans of his no debt philosophy, but he teaches you to change your habits and avoid getting back in the hole. Everyone agrees that consumer debt holds you back from financial freedom.

Good luck! It's not easy but so worth it.

Congratulations! That sounds like it must have been a tough year, but how great that you owned it outright and didn't have a mortgage gobbling up your profits.

So what are you going to do next?

Question for all you landlords, some I'm not one yet, but hoping to be someday.

I work with a kid who just rented a house for $1000/month. He's a decent salesman, but not great at managing his money. He makes about 42K/year.

His new landlord let him move in (with the fiance and baby) and had him pay 1st with splitting the deposit over the next few weeks.

The road to his new place is terrible, we live in NH and they don't plow the snow right away. He's missed work 2 days already this month.

He now needs snow tires so he can get back and fork to work, but that means he can't pay the deposit when he was supposed to.

Obviously he made a mistake by not having any emergency money, and I believe the landlord was desperate to get the place rented this time of year and made a mistake by not getting the deposit before they moved in.

I told him to go to the landlord and explain his situation. I'd love any thoughts, feedback or advice. I'm here to learn!

Thanks for the warm welcome, everyone! The REIA suggestions are great, I'm almost exactly in the middle between Portland and Manchester. I believe very deeply in the power of networking and getting to know people who are good at this.

@Kenneth Hynes:

That's a great tip. Right now the only experience I have was buying the condo we live in. I love browsing online, but it's amazing how different properties look in real life.

@Brett Cate:

You are so right about it taking confidence! On the other hand, I'm really eager to get started, but I'm forcing myself to be disciplined. Once I'm debt free (except maybe the house) and have about $20K saved up, then I'll be happy to jump in.