All Forum Posts by: Dawn Young

Are you going to charge her rent for the first two years, before you sell it to her?  :-)

are you still here?  Ok, I'm not an expert, but maybe we can team up here.....diff states are diff, but my lawyer says we can do 2 owner carry/ yr without Dodd frank coming into play.  That's in wa.  And i think* thats 2 for me, and 2 for my husband.  Haven't done one yet, our houses are rentals.  But I want to.

As for remodels, john fedro basically says do as little as possible. I used tons of caulking, touch up paint, and i painted the original cabinets on our 1986 house. I love paint on wood paneling.  And i love cheap laminate tile for non-water areas such as a hallway, although that may not be unnecessary, my dad had a 1978 single wide and the carpet with bad so he bought some tile and pull the carpet and low and behold, underneath was linoleum!  So far I've managed to stay away from floor rot, but I know I'm going to see that as we get in deeper.  

I was just reading about someone who had a house with a bad spot on the counter, and didn't want to replace the counter.  So, they got a cutting board, traced it onto the counter, cut the counter so the cutting bosrd went inside, then put edging around it, snd voilà, built in cutting board.  

One thing I'm nervous about with the old doubles--they cost do much to heat. They are both inefficient (like a single) AND big (not like a single. ) I wouldn't want the people buying from me to not not able to keep their house warm.  

As far as disposal, thereare always guys on Craigslist looking for scrap-- they will pay you money.  But I'd just make sure they weren't going to leave a mess of non-metal behind.

What kinds of prices are you paying? My husband and I would love to own a park someday, it seems like the perfect place to be in to get these deals, and to know what things are going for.  We have it in a 5 year plan, to purchase either a park, or Quadruplexs. We'll have to see where the market is then.  We'd love to do it sooner , but we wont have a substantial down till then.  Sorry I'm not super helpful, but maybe we can get the ball rolling, here!

 Fo you remember which number podcast?  I'd like to listen to it, too.

get the 30 yr, pay like mad till pmi is gone.  Then amatoritze it out yourself to the original 15 years, or less.  This way if you can have your cake and eat it, too.  I think most people forget to pay extra on their mortgage.

get the 30 yr, pay like mad till pmi is gone.  Then amatoritze it out yourself to the original 15 years, or less.  This way if you can have your cake and eat it, too.  I think most people forget to pay extra on their mortgage.

I love dave Ramsey , too, but sometimes you do have to leverage if you want to have a mid to higher income.  We were debt free, with a house and extra land, and so we took out a home equity loan, and had enough to.get started into rentals.  We do have good credit, due to past history, so I second getting a credit card to built that up.  

I find frequent mistakes in ads. :-(

http://papersourceonline.com/  ?  I just signed up, its free, and was recommended on a previous post.  I am interested in the other end, selling small notes, but I'm still in the research stage.

haha, that reminds me of a deal we used to have here.  Decent house, '70s, 2 story, lots of land, plus a dog kennel, that, as I understand it, barely clears costs(itty bitty town). $250,000.  I can buy a grat mfh and acreage for $175,000 retail.  Huh.  Sometimes people are just not motivated.  

We require paint color approval, and only 1 mth leases.  I think sometimes you just have to hold out for that Tenant.  Btw, its been a while, how did it turn out?