All Forum Posts by: Quwan Booker

@Allison Stewart I don’t have and didn’t have the money to buy the house from the beginning!

@Stefan Ross I won’t need her anymore to invest into a property after the first one is done! I’ll have enough equity to make my own deal!

@Jack Edgar jr I won’t need her after this is this paid to her!

@Caleb Heimsoth she said I have an option of paying $550 a month for 5 years or pay her a lump sum of $20,000. She said it’s up to me, it doesn’t matter to her.

@Jeremy Roberts there is no loan out on the property!

@Oren K. There is no loan on the house at all. The house is paid off!

@Jeremy Roberts I just want to know if I should just continue to pay her the $550 or just give her the $20000 and call it even. She’s willing to accept the $550 for the duration of the 5 years!

I bought a duplex with the help of my stepmom! The price of the duplex was somewhere in the range of $7000. The deal I have with my stepmom is Ive got to give her $550 a/month for 5 years. I’ve got to use my own money to fix up the property too! She also informed me that the if I give her a lump sum of $20,000, that will satisfy what I owe to her. So I want to know when I refinance I’ll receive in the range of $30,000 -$40,000. Should I just give her the $20,000, or just use the money to buy another duplex?

I purchased a duple thats is fixer upper! I be got to pay my mother 550 a/month for 5 years or 38000! I want to purchase other property ASAP. My stepmom told me I can give her $20,000 once I refinance the duplex and we can call it even! When I refinance the house I’ll be getting in the ballpark range of $30,000-$40,000. Should I give her the $20,000 or use the $30,000-$40,000 to purcharse another duple, and just continue to pay her the $500 for the duration of the 5 years?

I have a job, plus I will be renting out the downstairs, when I get it up to code!