All Forum Posts by: Suzy Sevier

@Val Falcon I think you best source for this information would be asking a lawyer. 

@Pam Black Zentner Maybe the owners asked for permission from the HOA? It is not worth taking the risk if the HOA can evict the tenant.

@Travis McEwan The reason a lot of people discuss BRRRR with projects in the $50k-$150k range, is the 1% rule. The 1% rule is making sure you can rent the home for 1% of the purchase price. Some people do not follow this rule so it is up to you if that is something you want to do.

@Kendall Seals What area are you in?

@Shawn Jorgensen From what I understand and from the information I found, The Garn-St. Germain Depository Institutions Act of 1982 gives relatives inheriting a mortgaged home certain rights. If inheriting a mortgaged home from a relative, the beneficiary can keep the mortgage in that relative's name, or assume it. However, relatives inheriting a mortgaged house must live in it if they intend to keep its mortgage in the deceased relative's name. Only related inheritors can keep mortgages in the names of the deceased borrowers.

@Thomas Baylor What would it rent for monthly?

@Patrick Donahue What strategy are you wanting to use? Are you wanting to flip, house hack, BRRRR...?

@JC Jackson Invest now! What is the goal of paying your house off ASAP?

@Terry Peterkin What are your goals for each purchase?

@Chantel Porter Happy to help!