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23 May 2024 | 9 replies
@Matthew RolfI’m not doing a crash pad I’m house hacking a 5 bedroom house which I will live in here in a few weeks and rent the bedrooms on 1 year leases to pilots and flight attendants I’m personally friends with.
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21 May 2024 | 1 reply
I believe the law firm handling this for the city has been trying to serve me papers.
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23 May 2024 | 6 replies
@Tony Nuttall personally I’m not excited about a 2/1 because there are fewer exit strategies.
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23 May 2024 | 5 replies
I would be more concerned with where the title to mobile home was - was it retire and put on the property or is it still personal propertyThere is nothing you can do to make it compliant, if the loan has been current for 12 months then you have ability to repay because they have consistent pay history
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23 May 2024 | 12 replies
The person on title/name of the person on the mortgage can typically win if it is not done right.
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22 May 2024 | 74 replies
All that being said, I know that I'm not an institutional investor and that some GPs/operators simply can't handle too many questions.
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21 May 2024 | 12 replies
However the tenant is telling me they have personal issue and wants to move out of the lease or asking me options to break the contract.
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23 May 2024 | 1 reply
These sellers typically want a fast sale to move on with their lives and avoid ongoing conflicts.Relocating SellersPeople who need to relocate for a new job, military deployment, or other personal reasons often seek a quick sale to avoid the burden of managing a long-distance property.Inherited PropertiesHeirs who inherit a property they don't want to maintain or manage may be eager to sell quickly.
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23 May 2024 | 5 replies
Quote from @Chris Seveney: Personally if you have one mortgage already that is negative cashflow I would be hesitant to buy rright now, especially in canada where from reports their housing situation for pricing is far worse than the US on affordability and just like US, people think prices can only go in one direction but reality is they are moving in the opposite direction."
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21 May 2024 | 9 replies
Over the last 6 years I have been retired as a real estate professional exclusively handling my own properties and living on the income generated.I don't regret the decision and will eventually fully retire.