All Forum Posts by: Lucy Martins

Thank you Adam, and yes you are right when saying to take over one of my own houses, but it is so hard when you just did it, and regret next month.

That was what happened when we rented out our 2nd property for a friend of us and now we need it and can't just ask them to leave the property, same as the other one.

We are already paying rent (month to month for more then 4 years now), but it is 40 minutes from our area of jobs; I don't think will worth to rent another house at that area for a short time (and its not being easy to find it, I have been searching already).

But anyways, thank you for the advice, will continue researching my options :) or waiting for a miracle lol

At this point, we found out that we could build a house on our 1/2 lot (where is the old little house on the other 1/2), for much cheaper than buy one, but still don't have all the money for it... the $ in need is about only $80k ;(

Hi Mark, probably I would need to check all over again. As I stated above, I had a short sale that will be over 2 years in August/14, and so far, didn't find any bank to release a Heloc for me because of it, or because they don't do helocs on investment properties. Any suggestion?

hi Jc, Iam looking for Lady Lake or Summerfield area and, yes, have tried owner financing without any luck.

Willian, sorry if I couldn't describe it well. Yes, we know we can afford to buy a house, because if I get one for up to $200k with 4% average rate, 30y, and putting 10% down, my loan would be around $859 (+tax/ins), and so far I am paying $1100 month/rent and also I don't need to go up to $200, could be less. Maybe you are right, but if I could find a solution I'll go for it.

Hi, I don't know how to starts better than tell what is going on...

I (we as family) was ready to move overseas 2 months ago, and suddenly, after being prepared for 2.5 years, decided to stay here in FL. In the meanwhile I found some good deals and bought 2 houses cash (I think it was a good deal, cause I bought one May/13 n paid $20k less than the asking price from the bank, and it is worth at least 2x what I paid; the other one I was looking for, to trade my SUV n ended up buying in Jan this year thru auction 2 lots with 1 little 1989 house, for less than 1/2 price of their actual value). Both are rented out, cheap but they are.

Now that we decided to stay, I need to buy/build - last option rent, 1 house nearby my husband's job. I don't have enough cash to buy the house that we want, and I can not get a conventional/fha loan because I did very low income tax for his business once we were ready to move, and also I had a short sale back in Aug/2012.

Also I started my course for a real estate agent, once I decided myself that this is where I want to stay involved and make my wealthy life. (I had been a loan officer in CT for about 5 years, but don't have much experience as a realtor).

We found out that to build a house that we want to begin, would cost much less than what we thought, but even tough I just have 1/2 of the money (without the pool :). My husband is also a flooring/painting which will save us good part of it, and we have a lot available (from one of "good" deals), because there is where we want to move in, or around it.

With so many experienced people here, maybe the solution is very easy, but I still didn't see, I am starting now and need some help, please. (probably I could get a heloc after Aug/14), but not sure yet; the bank guidelines sometime is so difficult to follow. Also I am paying high rent where I am now, and we really need to move as fast as possible since the place where I'll start to work is on that direction.

Please any recommendation/suggestion/solution? I'd really appreciate :)

What about if we have a little money, a good credit, an empty lot, a sweat flip guy (husband) and don't know how to start?