Originally posted by Account Closed:HelloFrom what I understand, with no experience in real estate investing, mobile homes only depreciate and that banks don’t see them as having any increase in value after repairs.

We just found out that they changed our move out to September 17th and charged my husband’s account for another month of rent. 

If you're buying a deal off of the MLS in your area, then the Real Estate brokerage will hold escrow in their account. 

Account Closed

Hi Account Closed,I wouldn't pay down your mortgage early. 

If you did the flip with no structure at all, you split the profits but keep track of accounting and also split the expenses so that you each are taking 50% of the profit and expense.

But if you don't have enough to cover expenses, can you fund the expenses from non-IRA accounts?

Hey Cathy,I'll PM you with contact info for my accountant.  

Secondly I maximize my retirement accounts because those can't be taken from me. 

You will need to account for the vacancy (1/12 month 8.33%), repairs (these are short-term items and it sounds like you have already done some of the work yourself - assume 5% of rental rate $130), property management (assume 10% $260), cap x (assume 5% - $130).