All Forum Posts by: Christine Graviet

Thank you so much!!

Does anyone have a recommendation for an accountant in the Boise area that is also a real estate investor?  thanks!

This was a great podcast!  I'm a newbie here so I didn't really understand the part when Jason said that they raised the rent by $750 on their four-unit place after spending $3000 to fix up the outside.  Did he mean $750/unit? or was it $750 split up among all 4 units?  Thanks in advance!

@Chris Szepessy - Mortgage is $1450 and we can rent the entire house out for $2100.  If our daughter pays $1150, what would you suggest would be fair to be applied towards equity.  This is our first rental property so we have no experience in this at all. I feel that our kids are trying to take advantage of us and the situation.  Definitely, the first and last time we will do this with family.  Thanks!

Thank you so much.  The mortgage is only our name.  We are putting something down on paper but we can't even agree on what that is...

I need advice, suggestions, anything.  About 3 months ago, we decided to invest in a house (with rental accessory apartment) in an area where 3 of our kids go to college.  Our oldest and her husband were wanting to invest in a place with us and be 50/50 partners.  The understanding was that we were going to put 20% down and they were going to live on the main floor of the house ($1150) and we were going to rent out the bottom ($950).  Mortgage is $1450 and we wanted to pull in $2100 to cover expenses, etc.  We are scheduled to close at the end of the month and now we find out that we are not in agreement as to how this will work financially.  We thought that our kids would not be full partners until they put down 30k (half of down) and they thought that they could just live there and whatever they paid in rent, would be fully applied to their portion of the down payment.  I guess i'm fine with applying part of their rent towards equity but not the full rent.  What is fair?  Help!  And lesson learned would be to NOT invest with family?  Thanks in advance!