All Forum Posts by: LaToya Gibson

Well if you are about to start a job and you feel strongly you will get that job you might hurry and try to get some money somewhere to at least start making the payments on your mom's house. Do something, whatever you can and try to save this opportunity for yourself and also try to see what you can do to help your mom. Try to find someone you can make some kind of offer to in the mean time that will buy you more time.

You can even try a hard money lender to get a small amount of money to get you over the hill while you start your job. Then work something out but think of what you can do.

Thank you so much for the advice!

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Originally posted by @Gilbert Dominguez:

What about your mother selling you the house or doing a subject to and you take over the payments? If you are unemployed however, or cannot afford the payments on your own then this will not work. You may try to do a lease option and have someone provide your mother a down payment for the option and rent the house to them.

Whatever you decide though I would not wait going 6 months without making payments I would think the bank will be come knocking on your door any minute now with a notice of default to begin the foreclosure proceeding and in fact I would be surprised if she has not received a notice of default already. The Above suggestion by @Travis Lloyd is ok but I would worry if you have enough time to pull that off but it is something to think about.

I wish I could take over the payments, I mean I am about to start work probably next week and the monthly payments are far less than I used to pay for an apt lol so if it could hold I would try that also considering she was going to leave me the house anyway.

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@Travis Lloyd I definitely don't want to take money from her, I was hoping to make some money also to go towards my investing career. She did mention talking to a friend that's a real estate agent so I could try to sit down with her and see if that can happen.

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I am a newbie investor seeking my first deal and I'm wondering if I found it. My mother is thinking about selling her house, it's in an older established family oriented neighborhood that's been getting a lot of home makeovers. Its close to a new major rail and major freeways. It needs work done on it but has lots of potential. The thing is, she has fallen behind payments for like 6 months due to surgery. I was wondering if I could take the lead and wholesale it to gain that experience I need?

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@Dev Horn Thank you so much. I am checking out the website now

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@Bryan L. Thanks for the advice

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@Bryan L. What other costs are there?

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My Dallas/Ft Worth agents, I am trying to get my real estate license so I can invest in properties but the tuition costs are way out of my budget. Are there any financial programs that helps you pay for your classes in possible payment plans? I applied for FAFSA to take the courses at Collins College but I want to get my license like yesterday. Any advice would be helpful.

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@James Wise I was going to get my license through Champions but didn't have the tuition funds so I chose to go this route because I listened to the guru talk about not needing a license, no money down to get started. I am reconsidering it now.

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All Forum Posts by: LaToya Gibson

LaToya Gibson has started 5 posts and replied 21 times.

Post: New member-Katy / Houston

Post: In Need of Expert Advice

Post: In Need of Expert Advice

Post: In Need of Expert Advice

Post: In Need of Expert Advice

Post: Advice on Obtaining my License?

Post: Advice on Obtaining my License?

Post: Advice on Obtaining my License?

Post: Advice on Obtaining my License?

Post: Where to Begin with Rentals???