All Forum Posts by: Curtis J De Leon

@Will Fraser that's awesome to know, I wouldn't be really losing a bedroom I would lose a den, so the property would go from 3/1 to 3/2 with just a traditional living room

We (my wife and I) own a 3 bed 1 bath rental with a livingroom and a den. Its about 1500 sqft and we are thinking of converting the smallest bedroom into a bathroom and making the den into the master bedroom. The home is on a crawlspace and the other bathroom shares a wall so plumbing wouldn't be too difficult but we are wondering what type of return we would be looking at for the property value. We understand that it is a rental and we are not in this for appreciation but this house is a rent to own for us and we will need to get a conventional mortgage next year so the added value would definitely help. Any insight would be appreciated.

@Tarik Turner @Chris Mason @Shaun Weekes

Thank you all for the speedy replies and advice. I have reviewed my purchase contract and the only thing I have found that may have any relevance is "Merchantable title: At closing the seller shall convey good and merchantable title via general warranty or other appropriate deed." I'm not very good with legal jargon but it seems like I should have been provided a deed or title but would it have my name on it is my question now?

First off my wife and I are brand new to real estate investing, but are eager to learn and dive in. We bought a single family home as out first property through seller financing we was able to set up but... there's a snag. We have a balloon note due at the 18 month mark and we are trying to be proactive about setting up refinancing but the banks won't refinance because the deed is still in the sellers name. This is my fault because I was ignorant and didnt request that the seller file the deed with the county. Most of the banks I have spoken to tell me that in order to get a loan I would have to essentially rebuy the house from the seller and that just doesn't seem like something I want to do. Has anyone ever had this problem and if so how did you solve it? Thank you in advance

Good evening all, 

My name is Curtis and my wife and I are trying to start our journey as buy and hold investors. We have looked at a few potential properties and actually found 2 we really like from the same owner. She is clearing out her portfolio and is willing to sell them to us for $110k together. They currently have renters in place which makes them even more attractive. As we are just starting, we dont have much money (a little over $3k cash) We would like to see about seller financing but want some advice on how to create an offer that would be hard to refuse. Any advice is appreciated.