Joseph B Lively
Build home for Parent?
Hi there. I have a scenario I'd like to run by you all. I'm worried that I might be making a mistake on several fronts, but I don't know who to ask. My realtor didn't fill me with confidence.My mom and my grandmoth...
Andrew Jones
Evict now or wait?
I got this message from my PM today:
"The resident in unit 3 has not paid his monthly rent and owes $50 for last month. I just spoke with him on the phone and he said that a couple years back someone had used his so...
Jerry Gandolph
Best way to handle taxes on Flip house
Hello,
Im closing on a property today that I intend to flip for a profit. I bought the house via forclosure for $115k, will put about $20k into it and will list it for $225k. Im curious what is the best way to approa...
Terry P.
Bankruptcy due to Identity Theft
I have a prospective tenant that has a bankruptcy on her record from about a eight months ago. She claims that it was due to identity theft issues. I am not that familiar with such a situation. Do people really file b...
Sharnell James
LLC ??
Before you make you first deal either flipping or wholesaling do you think that it is best to make a LLC ?
Horacio Gutierrez
Getting a loan with 3 free and clear rental properties
Hello,
My Dad's friend has 2 (SFH) rental properties free and clear and is retired. He recieves a social security check and his total rental cash flow is about $2800. How much will the bank let him cash-out refinance...
Tim L.
Question About Renting to a Relative
I'm considering purchasing a home for my mother to live in, since she is currently renting and unable to purchase a home for herself. I will charge her fair market rent, but I want to make sure that I am able to claim...
Al Wright
Section 8 tenant died and i'm not sure what to do
She passed away a couple of weeks ago. I called section 8, and they are telling me that I have to wait until they decide who will take over her voucher as head of household (since the deceased had a son who was a mino...
Robert Yeager
New member from York, Pa.
My name is Robert Yeager and live in Wrightsville, Pa., just outside of York, Pa.I am 63 years old on social security and working 3 days a week. I lost most of my retirement money when the economy went belly up. I am ...
David Kelly
HELOC options for lower Fico or Higher DTI - Florida
Does anyone have any recommendations on a lender that can work with this scenario?Fixed Social security income DTI is slightly higher than what would normally be approved (I don't offer HELOCs or I would have tried to...