All Forum Posts by: Ryan Detzel

We need to move my mother out of her rental because the place is falling apart (really bad landlord). She's been there for over a decade and she pays so little rent that it's hard to find a place that we wont have to subsidize her rent which I'd rather not do. Another option we're throwing around is buying a mult-family and having her in one side while we rent the other to at least try and break even. My main question is if we have her on the title could this property could as owner occupied and get the benefits that come with it even if we're paying all the money down/monthly? What other flaws do you see in this besides the "working with family" aspect?

This site is amazing, so much info I'm lost. Little about me and hopefully people can guide me in a direction to start.

I've purchased two primary residence in my life both of which I fixed up myself so I'm very handy. My wife and I have very good full-time jobs that we probably wont' be quitting so I plan on investing and maybe flipping on the side. My long term goal would be to get a a few investment properties under my belt for passive income later in life and maybe use flips to cover the costs of new properties.

Living in MA makes it hard. Most properties are so high and taxes are so high I'm not sure a lot of deals make sense. I pulled up Redfin this morning and looked for single families around me to possible flip and most are already in the $250k range and I only found a few that need TLC and they were in the $350k range so I'm not sure how much I could squeeze out.

Anyway, I'm sure I'll be posted lots of questions soon. Comments, questions, suggestions, please let them flow in. :-)