All Forum Posts by: Ray Keziah

Sorry Brian, I didn't mean it that way either... text just can't express certain words correctly at times. Anyways, your right. I'd hate to dig a deeper hole than the one they already have.

Would there be any way to leverage our situation?

If I were to add my name on the property and since it is our personal residence for the time being, would I be able to use the refi for an investment property?

Aloha Michael,

There is really no need, they just feel they are getting older and need someone to trust their estate with.

The parents want to add our name because they have a co-signer they want to remove as well and there is a trust issue with the other members of the household.

I believe they asked us because my wife and I are the eldest and more comfortable working with us on their finances.

Brian, they are my family and even if it comes down to turning down their offer, I have to make an effort for my wife's sake as well.

My in-laws have asked my wife and I to refinance their home in order to add our names to the note.

Our situation is that we live in Hawaii at their care home. It's a huge house and there are three families along with patients living there. My wife's parents take care of the mortgage while my sister-in-law, her husband, my wife, and myself take care of the other expenses in the house.

My wife and I are not planning to live there any longer than a couple of years more, and when that happens we suspect her parents will either sell the house or rent it out.

I told my wife that I don't want to be tied to this house because we would not be able to afford it on our own, and I wouldn't want to be living there unless we had full control of the decisions with the property.

I would love to help my in-laws because they just want to pass on the house to their children, but I feel it would be too overwhelming of a responsibility if all of us was not on the same page.

My question for the investors out there, is there a way I can make it a win win situation?

Thanks Demos,

I didn't realize it could be that easy.

I found a motivated seller in another state willing to sell her house for what is owed because her husband had to relocate for a job a year ago, and she stayed behind to sell the house. I would like to get an option contract on this deal and sell it to another investor.

How would I be able to do the contracts to the seller and end-buyer if they're both out of state?

e-mail, fax, or have someone in person?

Thanks for any advice.

I know this is a little old but this quick vid should clear it up towards the end.

http://www.youtube.com/watch?v=_YrlNRZ7Vac

If I were you, I would ask and find all that out before I take over. So that you can decide on if it is a deal worth pursuing. -Ray

Hi all,
As real estate investors we go out and find motivated sellers and buyers. How should we talk to them without crossing the line between being a consultant and being an investor that is providing a service?

I know being fresh into real estate investing, I am not licensed to give any advice about how to sell or buy property. If I was, I'd be an agent. How should we approach people and let them know about creative financing so that we don't put ourselves into appearing like consultants and getting into possible litigation? -Ray

Thanks Mike, looking forward to reading it, let me know when. -Ray