All Forum Posts by: Nadir M.

Hello everyone, I have a couple properties that I am looking at and my main set back is that they’re old builds, around early 1900’s. My question is, other than foundation issues, which they don’t seem to have, what other issues should I be concerned about or look deeply into? Never bought a property that dated so wanted to make sure. The roof is in good shape. Thank you

@Tyler Mullen thank you for the great advice. I will let you know what comes out of it!

@Carmen Severson he used it to reinvest in real estate. He even has an LLC. Would a promissory note suffice as a legitamite contract? Would taking then to court, I feel like that would delay my return wouldn’t it? My understanding is that they may have him pay me back over a period of time?? Thank you,

Hello everyone,

Here is my situation:

I bought my house about three years ago. After living in it for almost a year I was able to build a nice chunk of equity so I decided to take a Home Equity Line of Credit. After being approved, I decided to invest that money by giving it to my friend who also happened to be my realator who I purhased my first home from. I would say that I did not approach the situation in the most appropriate manner but long story short, we signed a promissary note which gaureented me getting my money back in three months. Well it's now been 10 months and everytime I ask about my money they either ignore my calls or tell me it's going to be very soon. What's the best way to approach this? How can I get my money back? I will definitly say that I learned my lesson and going forward, I will handle this situation a bit differenlty. 

Thanks,

@Amanda G. Thank you Amanda!

@Anthony Gayden this is very true. I did view a couple of listings that were over priced but compared to the market here in Denver, Omaha seems a more reasonable starting point for me. I grew up in Omaha so I know the city very well!

Anyone know of any property listenings in Omaha NE for a duplex, triplex, or similar or know anyone that does?