Of that $500/m, $200 was the esgrow payment for taxes and insurance (I also purchased new insurance under my name with the sellers and their mortgage company as additional insured and that was put in place of the sellers insurance and paid through the mortgage with esgrow payments).

If you are over 59, you still have to pay taxes except if you are not subject to the additional tax penalty imposed on people that that under the 59 age threshold.

There is only one problem - in addition to doing what we love, some of us would like to retire with dignity!

In addition, it was as I expected that the home was older than '76...in my area no park will take that and most counties won't allow a permit to allow it to be set up.

i was able to get from lowes a few dollars off from the a couple of teh scratch and dents... then an additional 10% then an additional 5% and delivery...

She said I would be required to give 2 months notice and pay 1 additional months rent or give 1 month notice and pay 2 additional months rent.

In addition, you will find tons of information here about property acquisition, long term hold strategies, etc...so be ready to read and interact!

I was had additional concerns about the electrical, the electrician has had houses over the years and said he is always open to talk.

barry, all my rentals are in the same city, so i am very familiar with the rent per square foot. but before i purchase a house, i get the rental comps in addition to the sales comps, just to look at the latest numbers..

ARM) to purchase a single family residential rental property (house 'B') for investment reasons.Amount borrowed with the Signature HELOC was $100k but property values (near house 'A') have fallen and are at approximately$70-$75k at this time.House 'B' is "free and clear" with no loans, claims, etc. against it.Have never missed a payment for this Signature HELOC loan but it is highly probable that I will not be able to fulfill this loan requirement.Questions:Can the bank (who I have the Signature HELOC with) come after additional assets if I default on the Signature HELOC loan?