They still owe us money.

We did get negotiate money from them to help with roof repair, but now know they were not honest on their disclosure.Our inspector missed code violations, HVAC issues, pipes that had been worked on and issues hidden that had occurred while sellers lived in the house, signs of drainage and water damage inside the house that had been painted over, completely blocked dryer vent...and we are finding more daily.We have had the house looked at by a structural engineer and HVAC techs that has told us we need thousands (likely tens of thousands) of dollars worth of repairs to make this property able to rent and come up to code for rental. 

Investment Info:Single-family residence hard money loan investment.

Hearing people say I have a credit line to pull money out incase i need it for a deal.

The president of Mexico has not done much as a so called socialist- he may be a democratic socialist but isn’t anti- making money- just making sure the people are treated right and companies don’t exploit communities- I’m okay with that.

I actually have learned so much of the process ever since I made the offer and got in escrow.

So there’s money to be had in this market.

We were married recently, and when we add in our wedding gifts with what we have been saving on our own for years, we feel that we are finally ready to pull the trigger on our first property purchase.We actually live about 90 minutes south of the ski area that we are looking to invest in, but it is an area that I am very familiar with as I have been going there my whole life.

It does not cash flow now with the increase but if I raised the rent it would cash flow a couple of hundred dollars a month (the home is paid in full), at this point I'm losing money (between the tax increase and repairs)Are you betting on appreciation in your investment strategy?

There are VERY FEW in their community that are actually making money in real estate.