All Forum Posts by: Mark Bookhagen

You can either ask a neighbor, or call your best guess utility. I'd just knock on the neighbor's door.

It is possible, but it depends if the lender will allow a 2nd position mortgage (yours).

I'd be very skeptical of these companies.

Start with the county website: http://jacksoncountyor.org/Departments/Information-Technology/Property-Data-Online

Use the hack numbers. If you're using FHA, you won't need to re-fi so use the FHA dp amount.

Yes... Very common. It is called a lease-back. You pay the buyer a daily rate (plus sec. dep.) to stay in the house for an agreed upon time.

Seems good.

@Brian Clinkscale Right, that's what I'm saying. You will need to place lots of offers, but not concurrently. You can put a timeline on your offer explaining you have other possibilities lined up and need to know ASAP if you have a deal or not.

I don't like that strategy at all. It is a very selfish strategy and will get you a bad reputation of someone who doesn't follow through on their word. If you're in it for the longhaul, avoid making offers that you potentially cannot follow through on. Instead, put a clock on your offer so you can move on to the next one if you don't get the deal.

There are pros and cons to each:
M2M: Pro - If they are bad tenants, you can get them out quickly. Con - If they are good tenants, they can move out in a month and you'll be back at square one.

The opposite is true for Year leases: Pro - If they are good tenants, you get to lock them in for the year. Con - If they are bad, you will have much more trouble getting them out.