All Forum Posts by: Eric V Harding

My mother has moved out of her home and in her final foster care situation. We will handle selling the home for her and repaying the loan with its sale, as she has a year to pay it back before its foreclosed.

We have a living trust and power of attorney, but would like to when its sold, will there be capital gains tax on whats left?

This year has given us an opportunity to dig in to what we've wanted to do for a long time, BRRRR.

For our opening move, we could go all in and cash only with a nice turnkey property in Florida via a REI partnership firm. This seems like the best option as financing isnt an issue and the monthly cashflow will be muscular. However, it may take awhile to build equity in the property and thus buying a second property and repeating.

What is the argument for breaking up that cash and using it for down payments to several properties in the same market with the same REI firm? Would lenders even allow this?

@Robert Walters Hope everything went through OK

Hey all,

What is everybody doing to prepare for the new interest hikes and correction this year and next?

Any veterans of past bubbles have advice on how to buy and hold in a bear market?

This could be a valuable thread.

Quote from @Heather Hatcher:

When there's a beach in the basement..

In all seriousness, if the property is in a lava flow hazard zone or high risk flood zone, I will not put effort into looking at these properties. I know too many people affected by these zones and it's always so devastating. I don't want to put anyone in that situation if it's likely to happen.

I'm excited to see what others have on their 'no way list'.

 Pahoa, HI?

The time has come where we lost someone special and they have moved the estate in our names.

There was a reverse mortgage taken out in 2017. Our angel used a little bit, not too much, and kept a line of credit open.

By the RM nature, we need to sell within 12 months now. Its a solid condo in Orange County, CA which is a good rental pull, so we were wondering if its possible to hold on somehow? We dont know any RM hacks, so any wisdom is appreciated.