All Forum Posts by: Angelica Valde

Thank you!

Monroe, Louisiana

I only see wife as seller. I was told by title company earlier today that they will handle it. I will call on Wednesday to get an update. Thank you! I did not know it would be that easy. Although title company is working on it, I like to be in the background assessing the moving parts.

I posted about another property. My plan is to rehab this residential home I recently purchased, cash out refi- then use the profit from that home to finish up the church property that I  acquired and run a business out of that property. I want to have one mortgage only. Pay off that mortgage with a renter and then profits from the business I plan to open. This is my first time ever doing any of this. I know there are multiple methods.

Church Property (zoned residential home) ARV 420,000 Rehab Costs $80K

Single Residential Home ARV 120,000. Rehab costs $50K

I have not done anything yet. I did however purchase another property and i am rehabbing this new one. Hit a snag but hoping to get it cleared up soon. 

 Thanks!! 

Hello, I purchased a property and a title company closed for us. I noticed when looking at the local tax assessor that my name (purchaser) was listed as 50% while someone else was listed as the other 50%. Long story short, the other 50% was the now deceased husband of the wife I bought the property from. 

Wife was 50% owner

Husband was 50% owner. I bought the wife's part I guess. I was a bit frustrated with this after ward. I have contacted the company I used that closed and I wanted to get insight from yall and ask for your expertise. I have paused all renovations until I can get this cleared.

Has anyone else dealt with this or have any suggestions?

Location: Louisiana

I currently own a property with no mortgage. Purchased from a church that use to use it as a daycare facility. It is currently zoned residential single family. I am wanting to cash-out refinance. I wanted to apply for a conditional use of permit for the property to run a daycare facility out of it.

I was told by zoning that it can not be used as that without re-zoning it as commercial use. If I was to accept this cash out refinance offer, then rezone the property as commercial, is that allowed?