All Forum Posts by: Mary lou L.

It's beautiful! I saved a couple of your pics for color ideas! Hope it sells quick and for more of your asking price!

I am getting discouraged. I have a rental property in Texas that I would like to draw the equity from. I was told that I had to have two properties to do this. So far I have tried a refinance (quicken loans) and was told this after they had ran my credit and I gave them all my info. I don't wish to sell. I have about two years of mortgage payments left. What other ways can I tap the equity? I figure after all the fees I would get 30-45000. I want this money to invest here in California (I live here). Thank you so much for your advice!

Thank you for the reply!  With it titled to me, I had hoped to take this property, refinance it and make some repairs, improvements.  I'm sure its the whole rental mentality thing,  even though I am 99% sure Ill inherit this house, Its still not 100% until I have the title.  

I just have to stop ruminating on it.....

My dad (Love him to pieces) has purchased through buy and hold, and finding properties outright, 5 properties.  I am living in one of the properties. It is mortgage free and in a trust. I know that these properties will go to us (4 sisters ) in this trust..but I would like to purchase this one outside of it. I do not want to wait until the inevitable and would like to secure this property soon. I would like to do owner finance and secure a loan to pay my dad off and the trust (which would hopefully benefit my sisters as well. My dad is a hard sell on leveraging property, rather buying fixing, and renting out( but he isn't the best at managing...)

I am thinking seller finance (this property need some repairs, so regular financing I think won't work) how do I approach him  on this. And how would this impact the trust? My sisters are ok with  me owning this home. But how to structure it so they get their fair share? I see it as my dad is still alive and any monies he gets are still under his control and how he uses it  as far as the trust is  his deal. Another concern is taxes, how to structure this for minimal tax impact.

Please post the after pic when the bathroom is done! :)

If you are looking for what schools houses are zoned for you would have to go to the individual school district site.  I always find the maps there!

Greatschools.net is a good source to find schools! They usually have a link directly to the school or district.

I've been looking at ideas for the chain link. How about painting it black and enclose the metal posts with wood and paint it the same color as the door? Or paint the posts (no wood) black and the fence the color of the door? Or even white? 

I was over in the Bay Area today and saw a home that was painted white with a deep plum colored door. It was beautiful! 

Hi my name is Mary Lou and I am from the Cental Valley in California. Merced area! I have one rental property in Texas. I purchased it in 1995 while Active Duty at Sheppard AFB. Ive always believed in wealth building by owning property, having watched my parents buy and keep properties through the years. My goal is to purchase another property locally, gain experience through rehab, and Continue the process. Ive been a luker for a while! I finally joined last month, and made my first post last night! Right now Im just doing lots of information gathering, reading and arming myself with lots of info. I do know that this area is affordable and there are many homes waiting to be picked! I would like to focus on Turlock as it is a college town, has many amenities, convenient to the freeway, and has lots and lots of craftsman style homes in decent areas! I am also interested in any meetups! Here is to a great relationship!

Are you keeping the chain link fence? In my fantasy flipping world (during driving the neighborhood) I don't know how to improve the look of the house without removing it.