All Forum Posts by: Tyler Shewmaker

Good Morning Kent

Would there be anyway i can join the meetup tonight but over the phone? Ill be out of town but i would like to get some info on mobile home parks. 

Thanks guys. I was hoping with new ownership I would be able to purchase and move in. I will reach out to an attorney and see what info they can provide. 

I am currently looking at purchasing a property as a residence (Lake property) in Tennessee. It currently has a tenant as the owner resides in Florida. Can I purchase the property and give him notice (90 days) to move out OR do I have to honor his current agreement and wait until his lease is up next August? Also the owner has offered the tenant cash for key but they aren't willing to move. Thanks in advance!

The current owner has also offered cash for key but the tenant isn't willing to move. 

Hello Neighbors!

I am currently looking at purchasing a property as a residence (Lake property) in Tennessee. It currently has a tenant as the owner resides in Florida. Can I purchase the property and give him notice (90 days) to move out OR do I have to honor his current agreement and wait until his lease is up next August? Thanks in advance!

Tyler Shewmaker

First-I'm new to the forum and I'm hoping I'm posing this in the right spot.

I found the podcast a couple of weeks ago and I've been listening to 2 to 3 a day everyday and love it.

Ive got a couple of rental property today and also building new construction. I finance the new construction with my own money. The question i have is I've got a property that should appraise around 170ish and I've already lowered the price down to 159,900 and it starting to show a lot but no offers and dont really want to lower the price again, but I'm stuck as i have a lot of money tied up with the build and wanted to know if there is a way to purchase the house and just rent it so i could keep the cash flow going to build another one. 

-If it appraises for 170,000

-If i could find a bank to do a 90/10 loan. I would be able to pull out 155ish and that would pay me a little bit and add to my rentals.

I do have a LLC.

Hope this helps and please let me know if you think this could be done.