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Updated about 7 years ago on . Most recent reply

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Daryle Smith
5
Votes |
29
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Rental properties investing

Daryle Smith
Posted

Hello my name is Daryle smith located in Long Island. I currently live in a 2 until multi family home with my mom. The house is in pre foreclosure and I wanted to try to obtain ownership and actually have a semi ok relationship with the landlord. But here’s the catch my mom is in section 8 and I’m kind of not suppose to be living there but I do and I’m not on her lease. Are there any loop holes I can take to try to get this property for cash flow? Any and every response or piece of info would be appreciated. Thanks😉

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,499
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28,240
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

You're "kind of" not supposed to be living there?!? Let me break this down so we're clear:

1. Your mom is on public welfare because her family won't take care of her.

2. You not only fail to take care of her, you free-load by moving in with her.

3. She is in violation of her contract and risks losing benefits because you moved in with her.

4. You are stealing from tax-payers that work for a living.

I can't believe you have the audacity to get on this forum and ask for investment advice when you can't even take care of yourself or your own mother. You should be publicly flogged and made to pay back every dime.

  • Nathan Gesner
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