All Forum Posts by: Elizabeth Colegrove

Honestly I wouldn't pay more interest rate wise for it. While it might make sense interest rate wise, the buyer is going to have to bring all the equity difference to the table. You would assume whatever the seller has paid on it. So if the house has appreciated 200k than the buyer would have to pay that cash, to the seller, because he assumes at the current interest rate.

I have 8 houses and they are in first time and personal property area. Still I plan on just selling it traditionally. While assumption is a bonus, I have a feeling that people won't want to pay the full price (ie the difference in the loan). If they were equal I would go assumption all  the way, I just personally wouldn't pay extra.

 My husband has verbals to nas whidbey, so we are looking for a personal property and great investment. So Oak Harbor and Burlington are not options. Plus Oak Harbor is ridiculous too!

We are looking in Anacortes, WA and its not cheap :) We are having trouble to making the numbers worked.

I always go for the crappies house in the worst neighborhood. I go for absolutely ugly with great bones for as far undervalue as possible. I love short sales and foreclosure. 

My plan is to save 5-10k in a saving account for immediate emergency. We are investing the rest in houses, stocks and the husband tsp account. The plan is if we ever had huge emergencies at our house back to back to back than we would take it out of one of those less liquid accounts. The hope is that we can reinvest the money at higher returns than lossing that income as a just in case.

I would require for written orders. Many people keep their place over deployment, I would just want to make sure someone was checking on it to prevent something from bursting etc. 

 Totally agree! Yeah to another #8! 

 thank you! Its been a busy side job but very fruitful.

In California I could not manage my parents houses for financial reimbursement without a license which is why I do it for free. If I did for payment than yes, I was opening myself up to legal issues per my understanding of the law and asking my legal counsil. Still I cannot recommend asking your lawyer and following his advice. Every area is different.

Pregnant or not, I personally would follow the letter of the law to getting out. This is a business and my job is to protect my investment and rental empire. I do not putmy families finances in jeopardy. Personally  even with them paying the rent every month yet not following the lease and destroying my house is the opposite of the type of tenant I want in my rentals. Unless this type of tenant was the only ones I would attract, I would get them out asap and find the type of tenant that would pay rent ontime AND take care of my home.