All Forum Posts by: Mark K.

We cannot evict--but can we legally sell the property thereby forcing the tenants out?

Please respond if you know the answer to this..if we have a property without a mortgage does the federal eviction moratorium still apply?

Can this be done or are no lenders allowing this?

James I just sent you PM. Thanks!

So are 3 bed rental was apparently used as a meth lab and now requires remediation...which consists of complete cleaning and replacement of exhaust vents and cleaning furnace. I have been quoted approx. $30K by a local company called "Scene Clean" . Any ideas if this is excessive or not or anyone have experience with them? The insurance company (Auto Owners) has deemed it a pollutant which is exclusively denied in the policy though some have said it could be argued as vandalism? If anyone knows of or has good experience with a different company at cheaper rates or knows a lawyer that has been able to argue this case successfully with insurance companies please let me know. Thanks!

Looking to see if anyone knows banks that will do 1st loan to cover the 20% down on primary residence and second loan for the 80% to avoid mortgage insurance (private)

I would agree with Greg..esp if you through some extra money at it ..and the rate is great!

Thank you!

Wondering what thoughts anyone would have on renting out our current house vs selling? We owe $167K house is worth $330K. 12 years left on loan -rent for $2k / mo. Would make pymt and cash flow $150/ mo. However I believe we would lose the $130K tax free gain that we would have gotten from the sale? Our new house will be approx. $400k with 3.6 % 30 yr mortgage unless we opt to use our lines of credit on the other properties..which would be at 6% but would leave us with a lower min pymt of approx. $1800 vs $2600..So by my math our current house would be paid for in 12 years and prob be worth $500k..which is a $500k gain. If we use the $130K to pay on new house saves us approx. $250K in interest over 30 yrs.. I am math crazy but looking for some input on this one as I am just not sure....thanks!

Thanks! Web are in Mpls MN area ...any ideas out this way?