All Forum Posts by: Sandra May

@Rahul Rawat a minor consideration but: consider investing in an area you like to visit. I used to live in greater Philadelphia and my aging parents still live there. I make reasonable trips to check on my two rentals there and am able to write off a lot of my travel [that I'd be doing anyway to also check on/visit them]. It doesn't hurt that this is an underrated investment area

@Eric Dumais I'm in NH, not ME, but we went with Bangor Savings. They are local, small, highly rated and looking to expand. We chose their 7 year no interest 15 year repayment product. (The rate we got is irrelevant at this point, we pretty much took out the loan in the nick of time)

Now do the impact of the falling US birth rate and the cutbacks to immigration. Will there be a glut of 55+ double wides no one wants to buy when the last of the boomers pass away?

This was a very interesting analysis, and I agree with you on how multigenerational families might team up to buy properties. Banking on a "it'll get worse before it gets better" strategy, my husband and I bought a large home on significant acreage in southern NH, rural but a quick commute from two thriving metro areas with plenty of jobs but a housing crunch. Once we build a planned garage with 2 bedroom apartment, we will have a property that easily divides into four units of varying sizes (right now 2 plus the owner's are legal where we live). 

While I don't see Andrew Yang even getting the nomination, someday something has to give. Hopefully the future economy looks more like it is portrayed in Star Trek, less like various books by Asimov or Heinlein.

Hello, looking to take the plunge finally on my first rental property, a bit south of Allentown in Central MontCo. Has anyone had any particularly good experiences with a title company in the area?

Thank you everyone for what was by and large a thumb's down! At the very least you have talked us out of trying to do some sort of sweat equity/Habitat for Humanity-esque deal with my SIL and her husband. I appreciate the reality check.

Hello. My husband and I are looking to get our feet wet in home rehabbing and land lording. We have extended family in the area many of whom will probably be lifelong renters. We also have two Millennial children who will, knock wood, be out of college and finding their own way in a year. Does anyone have any good stories or cautionary tales about renting to family? Our thoughts are while there might be bumps like late checks, noise complaints we by and large know who were are dealing with and that as far as our own children are concerned, some of the rent they pay will wind up in the family estate. We'd still want to do all paperwork just as we would an unknown tenant who passed our screening tools and make it known that if it comes to it we would still be prepared to evict someone who was a problem.