Ask about their process for keeping you updated.

@Walchli DonnaIs this where you take a line of credit and use it to pay your regular mortgage but put all your deposited money into a HELOC?

My hope is to get into something turnkey but not all updated, preferably also into some of the Multi-Family opportunities.

I know the interest rates were a bit higher than a conventional loan, but it allowed them to buy a "fixer upper"....they plan to update the property as soon as possible. 

Properties meeting at least one of the following criteria will not be eligible for Citizens Personal Residential Multiperil coverage:Rented to guests more than three times in a calendar year for periods of less than 30 days or one calendar month, whichever is lessAdvertised or held out to the public as a place regularly rented to guests

I've been slowly updating -- new kitchen and bath in one unit, Fresh paint throughout, etc

Brief update: no property damages.

The thought by joining is to get updates on local laws, disclosures, and overall market conditions.We know that markets are hyper local, so having knowledge as to what's happening might be beneficial to how we invest.

Investment Info:

Small multi-family (2-4 units) commercial investment investment in Kansas City.

Purchase price: $135,000

This deal is for three lots (4930 Paseo, 4940 Paseo, 4935 Lydia) with an existing...

I'm relieved I have a lawyer, he suggested the lien in this situation because they were being uncooperative down to providing us with a recent fully executed copy of the lease with updated contact info for the tenant.